How Are You Adapting To The Failing US Economy?

16 years ago

Nope... to be honest my business isn't felling it in a way that I am going to worry about...

I have sold less horses in the past month, but overall things seem good.. I'm UK based but sales are worldwide...

Peace

Jay

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Glenn Newsome

16 years ago

Originally Posted by hst151975

What are you doing to adapt to the failing US economy?

Oh crap, hope Michael Oksa doesn't see this post--

Just kidding Michael--

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valerieSONORA

16 years ago

Personally nothing has changed for me at all. So far I haven't been affected and it seems the economic crisis has made no changes in my life. I wouldn't even know anything was going on if it wasn't the top thing everyone is talking about.

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Chris Lockwood

16 years ago

I put a few more sharks in the moat around my castle, just in case.

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Daniel E Taylor

16 years ago

I think people need to turn off the Television.

Daniel

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JayXtreme

16 years ago

Originally Posted by Daniel E Taylor

I think people need to turn off the Television.

Daniel

lol.. but SO true

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Neil Morgan

16 years ago

I think people need to turn off the Television.

So, so true.

When I was on holiday this summer, I realised that a lot of the stress in my life was caused by listening to too much talk radio and watching too many news and current affairs programs on TV.

Talk about doom and gloom. That's all they ever do.

Sure there are problems in the world, but I don't need a minute-by-minute account of them.

So the Radio 5 Live talking shop is now a no-no in my office and it has made quite a difference to my working day.

Cheers,

Neil

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Lance K

16 years ago

Originally Posted by Neil Morgan

When I was on holiday this summer, I realised that a lot of the stress in my life was caused by listening to too much talk radio and watching too many news and current affairs programs on TV.

Talk about doom and gloom. That's all they ever do.

No doubt. Frank Kern could learn a thing or two about mass control from these folks.

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marcanthony 16 years ago

Originally Posted by Daniel E Taylor

I think people need to turn off the Television.

Daniel

I couldn't agree more...
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- Ricter 16 years ago
  
  Originally Posted by marcanthony
  
  I couldn't agree more...
  
  Yes, ignore that engine light. : )
  
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KarlWarren

16 years ago

Failing economy? What failing economy...

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timpears

16 years ago

The posters who recommended turning off the TV have it pegged I think. Yes unemployment has risen a little to closer to average range. We have an oil crisis but even that when adjusted for inflation isn't all that high. Yes I used to be able to fill my tank for about $5, but I used to make about $1 an hour too.

Most of this failing economy is a product of the media. Times aren't quite as good as they were just a few years ago, but then we just got fat and sassy while the living was easy. I loved buying a house, fixing it up and putting it on the market and having a signed contract by the end of the day. I got to say I did that so many times that I kind of got used to it. Then we couldn't give the damn things away. Times they are a changing, but times have been much worse than they are now, even in my short life of 58 years. Now my mother in law lived in the depression, that was pretty touch times.

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GarrieWilson

16 years ago

Originally Posted by Daniel E Taylor

I think people need to turn off the Television.

Or atleast start researching and thinking forr themselves.

Originally Posted by timpears

We have an oil crisis but even that when adjusted for inflation isn't all that high. Yes I used to be able to fill my tank for about $5, but I used to make about $1 an hour too.

The "crisis" is man made to increase prices. In reality, there isn't an oil shortage or crisis. Just excuses to artificially inflate the prices. (Insider knowledge about this.)

Garrie

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KarlWarren

16 years ago

Originally Posted by GarrieWilson

The "crisis" is man made to increase prices. In reality, there isn't an oil shortage or crisis. Just excuses to artificially inflate the prices. (Insider knowledge about this.)

Garrie

I used to work in the Pharmaceutical industry and have seen this happen in so many markets. Manufacturers would restrict supply, driving wholesale prices higher, pharmacists would stockpile... ad infinitum.

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GarrieWilson

16 years ago

Originally Posted by KarlWarren

I used to work in the Pharmaceutical industry and have seen this happen in so many markets. Manufacturers would restrict supply, driving wholesale prices higher, pharmacists would stockpile... ad infinitum.

Diamonds are the same. Debiers, I think thats how you spell it, purchase diamond mines to close them so they appear to be "rare"

Truth is, if diamonds where rare, you woud be able to sell them back to retailers, brokers, etc. for close to what you paid instead of a fraction of retail. They are only worth a little more than a precious stone.

*If* I am ever "lucky" enough to find the right women, she wont be getting two months salary for a rock.

Great marketing though.

Garrie

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KarlWarren 16 years ago

Originally Posted by GarrieWilson

*If* I am ever "lucky" enough to find the right women

Gotta love polygamy
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- Neil Morgan 16 years ago
  
  Diamonds are the same. Debiers, I think thats how you spell it, purchase diamond mines to close them so they appear to be "rare"
  
  According to something I read this weekend, before De Beers did this, they created massive demand for diamonds. Apparently before the 1940's, engagement rings were not usually diamond but a massive marketing drive by De Beers change that.
  
  Having done that, they reduced the supply, and the rest is history!
  
  Cheers,
  
  Neil
  
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- GarrieWilson 16 years ago
  
  Originally Posted by KarlWarren
  
  Gotta love polygamy
  
  LOL
  
  Ooops.
  
  Garrie
  
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Killer Joe 16 years ago

I changed the noose around my neck to a bungy-cord.

You never know when this will turn around...

KJ
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Daniel E Taylor

16 years ago

Originally Posted by GarrieWilson

Or atleast start researching and thinking forr themselves.

The "crisis" is man made to increase prices. In reality, there isn't an oil shortage or crisis. Just excuses to artificially inflate the prices. (Insider knowledge about this.)

Garrie

All someone would have to do is research "Oil Reserves in Alaska"
and see how retarded all this nonsense is.

Daniel The God

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JayXtreme 16 years ago

Originally Posted by Daniel E Taylor

All someone would have to do is research "Oil Reserves in Alaska"
and see how retarded all this nonsense is.

Daniel The God

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- Brad Spencer 16 years ago
  
  I love the fact...that even better than Alaska...we have a Saudi Arabia in terms of Wind Power in the great plains.
  
  NOT TO MENTION...The Green River Basin in the Utah, Colorado, Wyoming area that has shale oil in amounts that is greater than we've burned since petroleum was used in the 1850's...
  
  Oil crisis...cheap oil MAYBE...not oil in terms of supply.
  
  Oh and offshore oil...fuhgeddaboutit...God only knows what's out in the oceans.
  
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AverageGuy

16 years ago

unfortunately, bad economy means more people use more time to watch TV. that's one of the reaosn when the economy is down, the sales for video games usually is better.

good luck

david

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John Hillage

16 years ago

Interesting to see how this thread develops with the huge Dow Jones crash today!

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Kelly Verge

16 years ago

More ramen noodles. =D

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EndGame

16 years ago

I'm excited in all honesty. In the long run, this could be good for a young lad like me just starting out in the World. In particular, it could allow me to jump on the property ladder much sooner than I initially anticipated.

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NMP

16 years ago

So what is BAD?

I mean we know it's bad. But what is bad. I think
consumers without credits is the winner here. But
who knows. Buffet said "Bailout or Meltdown" for
who?

And even if we know what is coming. What can we do?
People won't stop purchase. Just do it different ;-)

Daniel

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seasoned

16 years ago

Originally Posted by NMP

So what is BAD?

I mean we know it's bad. But what is bad. I think
consumers without credits is the winner here. But
who knows. Buffet said "Bailout or Meltdown" for
who?

And even if we know what is coming. What can we do?
People won't stop purchase. Just do it different ;-)

Daniel

Credits are GOOD, maybe you mean without credit LINES!?!? Frankly, you are over simplifying! The U.S., and most "developed" countries have NO real money! So which countries are THOSE?

Russia
Japan
European Union(Which includes a number of countries)
Iceland
Switzerland
Austria,
Belgium,
Bulgaria,
Cyprus,
the Czech Republic,
Denmark,
Estonia,
Finland,
France,
Germany,
Greece,
Hungary,
Ireland,
Italy,
Latvia,
Lithuania,
Luxembourg,
Malta,
the Netherlands,
Poland,
Portugal,
Romania,
Slovakia,
Slovenia,
Spain,
Sweden,
and the United Kingdom
Canada
and the US

Are YOU in one of those countries? Are you in one of potentially hundreds of others that may be likewise affected? Then you DO have a "credit line" of sorts. You just never realized it. It doesn't matter if it is called ECU, CAD,USD,etc.... The concept is the SAME! Other peoples/countries misfortunes will affect your "credit line".

And people WILL stop purchasing! HECK, Belgium, Ireland, Germany, and the UK are among those with bank problems due to the US! What would YOU do if you had only $1, or a ham sandwich cost $300? Do you realize that herseys bars used to cost $0.05, and were often LARGER than ones that today can cost $1.00???? That is 20 TIMES the cost! Today, Mcdonalds can cost $9! How about a mcdonalds meal for $180!?

BTW Warren Buffet seems like a nice guy, and he is considered honest and fair. Maybe you should listen to him. In march, he was the worlds richest person. I doubt he cares if he gets ANY of the 700B. HECK, he is credited with helping to LIMIT the problem, by investing 5BILLION HIMSELF! That is about 8% of his net worth as of march!

Steve

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balsimon

16 years ago

Originally Posted by EndGame

I'm excited in all honesty. In the long run, this could be good for a young lad like me just starting out in the World. In particular, it could allow me to jump on the property ladder much sooner than I initially anticipated.

That's an excellent observation, I think. And I think one's
age has little to do with taking advantage. Unless you're
about to sail over the horizon, if you've been prudent
during the "good times," you could very well be in a position
to pounce when prices drop or when others are distracted
by "the failing economy."

As my dad used to tell me... "Keep your eye on the ball."
Dad was pretty smart.

Regards,
Bal

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Kevin Riley 16 years ago

Originally Posted by Kelly Verge

More ramen noodles. =D

Not for long. We're upping the price on those. WE WILL MAKE YOU PAY! Muahahahahaah
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Kelly Verge

16 years ago

My above post was an attempt at humor...

My business keeps steadily increasing. The only effect I've seen of the "failing economy" is hearing people tell me that they'd hate to be in my position (working for themselves) during a "failing economy."

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ahuddy

16 years ago

For every action there is an equal and opposite reaction... So just be optimistic it will all turn around at some point.

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Lance K 16 years ago

Originally Posted by ahuddy

For every action there is an equal and opposite reaction... So just be optimistic it will all turn around at some point.

Right on. And some prepared folks will build a fortune. And when their friends and family tell them how lucky they got, they can smile and explain that luck is merely when preparation and opportunity cross paths.
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BIG Mike

Banned 16 years ago

[DELETED]

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Michael Chris 16 years ago

Originally Posted by BIG Mike

Maybe an Internet Marketer should run for President? Hehehehehe

I vote for Allen Says!

Whoa, whoa... WHoa, WHOa, WHOA!!!

Calm down there, buddy.

We don't need entire or partial laws (threads) getting deleted without explanation and people disappearing (getting n/a-ed).

-Michael

PS Allen, please don't n/a me.
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Glenn Newsome

16 years ago

Originally Posted by BIG Mike

I don't really see it - the dollar is gaining on the Euro, sales are up by 14% or so and it's been busy as hell.

Maybe an Internet Marketer should run for President? Hehehehehe

I vote for Allen Says!

Suck up!:p

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Zeus66

16 years ago

I'm a multi-story office building window lock installer. Never been busier.

John

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Lance K 16 years ago

Originally Posted by Zeus66

I'm a multi-story office building window lock installer. Never been busier.

John

I sell glass breaking tools and I'm even busier than you!
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Emailrevealer

16 years ago

How am I adapting? I'm going broke...

Originally Posted by hst151975

What are you doing to adapt to the failing US economy? Have you switched promotional tactics? Products? Location?

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Tuzic

Banned 16 years ago

hi,

yes its definitely effecting products sales but we have to go with the flow.

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derekwong28

16 years ago

YouTube - Guillotine - essai

I am reselling guillotines from France to the US so you can chop off as many heads as you like!

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vorales 16 years ago

Failing US Economy has effected the global economy. Everywhere people are panicking.

It is a tough lesson for everybody. As for my self, I should be carefull in investing money in share market and mutual funds.

World is in recession. LET CHANGE THE PLANET....HOW ABOUT MARS? LETS GO AND INTRODUCE IM ON MARS.
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camforbes

16 years ago

This is an interesting thread...

Here's my 30,000 foot analysis from out here on the left coast.

Oil is gonna fall - precipitously. I'm talking $50-60/barrel. OPEC has kept the prices artificially high for too long, and now that the "real markets" are correcting you won't see the price of oil increase with the markets. In the past if the markets went up, the price of oil went up. That's going to change. They need a market to sell their oil into, and the market is drying up. The only way to keep selling it is to sell it cheaper.

The De Beers model all over again...

I'm not sure how well-versed you are in great depression history - especially in how individuals reacted to it. About 10 million people started selling apples - yeah, apples.

They would buy big bags for a buck, then sell individual apples for .05 each and make about .35 per bag.

Sound like a familiar marketing model?

My advice... buy up some web properties and start working your virtual real estate. Continue with your Viral marketing, affiliate ads, and keep your head down!

-Cam

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ShayB

16 years ago

I look at it this way - I know my members. I know my moms on my list.

I know they won't spend $50 on something, but they will spend 5 or 10 bucks to help solve a problem they have! They will give up a few Happy Meals for something they need.

I'm not worried.:rolleyes:

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Lance K

16 years ago

Originally Posted by Shay60654

I look at it this way - I know my members. I know my moms on my list.

I know they won't spend $50 on something, but they will spend 5 or 10 bucks to help solve a problem they have! They will give up a few Happy Meals for something they need.

Bundle a bunch of those $10 solutions and I'll bet some will fork over $50.

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ShayB 16 years ago

Originally Posted by Lance K

Bundle a bunch of those $10 solutions and I'll bet some will fork over $50.

LOL - I am working my way up to that.
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naruq 16 years ago

The Economy has not affected my online or offline businesses at all. People need to develop a Success and Prosperity Mindset. Stop reading and listening to the news! Wealth will be created in this economy and any other economy.
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ptone

16 years ago

Originally Posted by camforbes

Oil is gonna fall - precipitously. I'm talking $50-60/barrel. OPEC has kept the prices artificially high for too long, and now that the "real markets" are correcting you won't see the price of oil increase with the markets. In the past if the markets went up, the price of oil went up. That's going to change. They need a market to sell their oil into, and the market is drying up. The only way to keep selling it is to sell it cheaper.

That's exactly right, Cam. And when oil does fall, that will be the first step to a new booming economy. Everybody jump on the train when this time comes!

The whole reason we are in this so-called mess is BECAUSE of government intervention. What makes anybody think that MORE government intervention will help? It won't...let's hope their plan fails to pass Congress and the free markets are allowed to do what they are supposed to do.

Hooray for Capitalism!

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Rod Cortez

16 years ago

Originally Posted by hst151975

What are you doing to adapt to the failing US economy? Have you switched promotional tactics? Products? Location?

My long-term business financial planning has shielded me from the current events and my businesses continue to grow. I'm also well-diversified globally so haven't seen any impact so it's not necessary to adapt since I have a strong foundation.

RoD

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Chris Lockwood

16 years ago

The Dow is up 370 today, so how will you adapt to the stock market boom?

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Jon Olson

16 years ago

I have found while a lot of my American clients are concerned, worldwide things have been great. I'm not saying internet business is recession proof. But it's been pretty good so far.

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TheVCF 16 years ago

Although we are Very Sad to hear of all the "offline / brick and mortar" businesses Closing, going out of business and All the people subsequently losing their jobs ...

and about the current financial crisis in the US possibly making loans/credit harder to get for both businesses and individuals ...

All of which may also cause many to "tighten their purse strings / belts" and buy less things they don't *absolutely need* in the short term ...

Don't you all think?

We are hopeful that perhaps some of these people will be more open, willing and able to help us and others who are Hiring Now to Grow their online (and offline) businesses! you know?

I hope this helps and Have a Great Day!

- Michael
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AndrewCavanagh

16 years ago

I think it's realistic to expect the US economy will not improve substantially unless the US finds another cheap source of oil.

But I wouldn't be expecting a huge crash either...more of a grind towards slowly increasing inflation and living costs.

The good news is that when times get a little rough opportunities abound.

Ordinary workers will be desperate for ways to make more money to get by with a higher cost of living or to replace the income from jobs they lose (or will lose).

And small businesses will be desperate for ways to increase their sales and profits without spending a pile of money on advertising etc...internet marketing is a GREAT way to do that.

Also people will be looking for ways to cut their cost of living so whole niches in those areas will open up or explode.

These are good times for people who move with them and work hard to be of genuine service to those who are looking for help and willing to pay for it.

Kindest regards,
Andrew Cavanagh

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NoBoss

16 years ago

Originally Posted by AndrewCavanagh

v

Also people will be looking for ways to cut their cost of living so whole niches in those areas will open up or explode.

These are good times for people who move with them and work hard to be of genuine service to those who are looking for help and willing to pay for it.

Kindest regards,
Andrew Cavanagh

So true, Andrew.....

Just one of many examples would be cook books and cooking utensils, etc.

Thousands of people are being forced to cut costs any way possible. They just
can't continue eating out; so they are eating at home. Not the common experience
it used to be.

This is driving up the demand for cookware; cook books; cooking magazines and
related web sites. More than half here in usa have either stopped eating out altogether
or now limit it to once weekly. Or monthly for some I know.

Barnes & Noble; Borders and even Amazon.com have noticed great increase in sales of
cookbooks and food related books. Amazon just published figures showing double-digit
increases in this home cooking niche.

This niche is exploding right now.

....Doug

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Dick Doe

16 years ago

Originally Posted by hst151975

What are you doing to adapt to the failing US economy? Have you switched promotional tactics? Products? Location?

I am not from US, but hope I am allowed to post here, since our economy is indirectly affected by the failing US financial market (the value of rupee to dollar is further down). So I am writing like hell, and selling more PLR Wsos than ever

:rolleyes:

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GarrieWilson 16 years ago

Originally Posted by Richard Odell

Stop denying it, things are ruff, the cost of living is hurting us all and folks are losing they're homes.

Not rough where I am sitting.

The people losing homes, for the most part, is because of poor planning and trying to live above their means. - I do not pitty these people or their situations.

Too many wars over oil and incompetent administrations - we will ride this out, as we have done in the past - but face up to it without all the patriotic crap!

I didnt see patriotic posts..

Just stop denying it - live up to a reality of huge living costs and unemployment...

Housing costs are down.
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Rod Cortez

16 years ago

Originally Posted by Richard Odell

Is everyone in Lalaland?

Stop denying it, things are ruff, the cost of living is hurting us all and folks are losing they're homes.

Too many wars over oil and incompetent administrations - we will ride this out, as we have done in the past - but face up to it without all the patriotic crap!

We are either in a recession or tittering on the brink of one.

Just stop denying it - live up to a reality of huge living costs and unemployment...

Tomorrows a brighter day - the sun will rise and set - what ever happens there will still the same amount of money in the world that there was once before.

One day the economists will say it is all over and we will be no wiser about how it all started and what the f**ck finished it!

Just hang tough, make money where you can and live in the here and now.

But don't be blinkered...

Rich

No one is stating that times aren't rough, they were addressing the OP on whether or not they did things differently. Sure times are tough right now, but not for everyone.

RoD

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Michael Oksa

16 years ago

Originally Posted by hst151975

What are you doing to adapt to the failing US economy? Have you switched promotional tactics? Products? Location?

I would say I have done the same basic thing as always, but with a slight twist.

In a way, I am helping others to take advantage of the current situation. But only if they really want the help. Most people think they do, but when it comes time to act, they do nothing.

All the best,
Michael

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mr2monster

16 years ago

my sales have doubled every week for the last 4 weeks in a row now... And I'm not even adding to my site anymore.

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KarlWarren 16 years ago

Originally Posted by mr2monster

my sales have doubled every week for the last 4 weeks in a row now... And I'm not even adding to my site anymore.

Same, 3 record months in a row...

and I agree with Garrie... anybody who lives above their means is destined for a fall.

I've been there and done it, crazy thing is - I'm coming out of the other side smelling of roses at a time where everyone else is panicking...

Why?

Because I know that *I* am in control, nothing else has control over how much I can earn and afford.
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- David Neale 16 years ago
  
  Based what I've seen and read recently the tough times have barely begun. The US will have some very rough times ahead, not only because of what is happening in the stock markets and the loss of equity there but what is happening in the credit markets.
  
  Individuals will have trouble borrowing money to buy a home which will negatively impact the real estate market even further.
  
  Businesses may have their lines of credits pulled causing layoffs and cut backs. Banks will be very hesitant to issue any loans for expansion and growth.
  
  The tough times have barely started in the US. And if the US sneezes most every other nation catches a cold.
  
  But the question was how would this effect our business. Our business will probably grow or even thrive as people look for other income sources.
  
  I find little joy in this however.
  
  The next 12-24 months will also provide great opportunities in both real estate and the stock market.
  
  If you have liquid capital now and you use it wisely over the next few years you could do very, very well indeed.
  
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  myob 16 years ago
  
  I travel around the USA and Canada attending small business/franchise trade shows. This is an industry that is doing exceptionally well right now.
  
  Many jobs are directly affected by the tightening of credit as many companies even use credit to meet payroll.
  
  Most of the offline people I meet are very worried about the economy, jobs, their mortgage and everything seems to be out of control.
  
  So, if you are in IM, I would say to you to reach out into the offline community. Not only in a business perspective, but helping to alleviate the suffering others are going through right now.
  
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SimonRiver

16 years ago

Good to hear that everything's still running smoothly.

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force5 16 years ago

Duck and dive, dont put all your eggs in one basket.
Multiple streams of income, online and offline stuff.

My mother in law (and her husband) pretty much lives on income she gets from stock market shares her dad bought and left her. Turns out that this money has been such a regular part of her life that she never thought to save any of it!
So now her broker is warning her that there "may" be some reductions in her dividends, and that has come as a surprise and caused some worry.

Guess who is already having to throw some money their way, the guy who doesn't have a proper job and "plays on his computer" a few hours a day.

I wouldn't mind so much but they were nagging us that we should get a new car and buy a bigger house a year ago and seemed to think we were broke, when infact we were putting money away and into food storage.

Things are getting tough where I live, people are staying home and even doing some of their own manual work like painting rather than hiring companies. There are empty houses and some are going up for auction soon, I feel bad for people but when you see their brand new F150 parked outside and realize that they bought a 2k sq ft house for a husband wife and one kid I wonder what people were thinking.

Look for the positive and be open to every opportunity and you will be ok.

Paul
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BIG Mike

Banned 16 years ago

[DELETED]

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BIG Mike Banned 16 years ago

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Glenn Newsome 16 years ago

Originally Posted by BIG Mike

[Edit] To satisfy the impulsively self-righteous --&-- injecting a bit of humor into it. Go figure...me humorous?[/Edit]

I got a good laugh from it
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- jboyd 16 years ago
  
  My niche is attractive to one of two types of customers. My customers are either:
  
  1. The 5% that by hook or crook will always try to do it a different way (those never go away, they are just replaced by more of the same)
  
  or
  
  2. Homeowners who are struggling to make ends meet and must replace the products that I sell outside of the normal stream.
  
  So, this downturn is like Xmas for me. The DOW tanked on Monday, and I had over $5,000 in orders come in within 24 hours of closing bell on Monday.
  
  I was kinda sad to hear that Congress may actually pass a bail out today :-(
  
  One person's failing economy is another's treasure chest. Always has been.
  
  Jay
  
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TheRealDomainer

16 years ago

Beat your country's economy by selling eproducts in demand globally. Pure and simple!

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How Are You Adapting To The Failing US Economy?

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