Is IM a recession proof bussiness ?

by vorales 26 replies
Hi warriors?

I was thinking whether IM is a recession proof business?

I think it is, as the recesssion arise everywhere in the world, the jobs are not secure anymore. Therefore people will start looking for the opportunity to earn money. IM will be the best option as it don't need high capital investment.

What is your opinion?
#main internet marketing discussion forum #bussiness #proof #recession
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  • Profile picture of the author George Wright
    Hey,

    They just said on the news that they were sending me $700,000,000,000 I'll probably be ok.

    George Wright
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    "The first chapter sells the book; the last chapter sells the next book." Mickey Spillane
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    • Profile picture of the author cottpfoc
      I agree. IM/DM/NM provides an opportunity to create an income that can at first compliment your job and then eventually replace your job. In the current economic state, there are many more open eyes and ears willing to at least consider your opportunity.
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  • Profile picture of the author dvduval
    You figure if people stop buying cars during a recession, they will need auto repair. If they stop buying houses, they will need to rent them. There are always opportunities to be found.

    How about starting a business that specializes in finding renters?
    How about helping people convert their cars to bio or plugin?
    How about teaching people who got laid off how to make money?
    Could the cost of labor be dropping?

    All sorts of ways to work with this!
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    It is okay to contact me! I have been developing software since 1999, creating many popular products like phpLD.
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  • Profile picture of the author mmurtha
    Originally Posted by vorales View Post

    Hi warriors?

    I was thinking whether IM is a recession proof business?

    I think it is, as the recesssion arise everywhere in the world, the jobs are not secure anymore. Therefore people will start looking for the opportunity to earn money. IM will be the best option as it don't need high capital investment.

    What is your opinion?
    Hey vorales,

    Nothing is recession proof!

    Sure, some things(ways) offer a better chance then others. It really depends on your skills, assets, other resources, and network pool. But even so, we are not bullet proof.

    Think about it for a minute. If the banks can be affected by the recession, why not IM too? Everyone needs (or thinks they need) banks. They are in demand, but yet the first depression was partially brought about by the runs on the banks amongst other things.

    Right now with this recession, we already witnessed a run and closure of one of the main banks that made it thru the depression.

    The best thing to do is get an established business in place. The more established you are, the better your chances.


    GW,

    Hey,

    They just said on the news that they were sending me $700,000,000,000 I'll probably be ok.

    George Wright


    Dang, where's my cut??

    All the best ...


    Mary
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  • Profile picture of the author Rod Cortez
    Originally Posted by vorales View Post

    Hi warriors?

    I was thinking whether IM is a recession proof business?

    I think it is, as the recesssion arise everywhere in the world, the jobs are not secure anymore. Therefore people will start looking for the opportunity to earn money. IM will be the best option as it don't need high capital investment.

    What is your opinion?
    I don't think IM on its own is necessarily recession proof; it's the financial planning that makes it more resistant to financial ups and downs and that can be applied to virtually any business model.

    RoD
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  • Profile picture of the author write-stuff
    Depends on your speciality area, your skills, and your personal traits, but I'd suspect it is as close to recession proof as anything except maybe medicine. If you can't make it in IM/IT, I doubt the recession is the problem.
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  • Profile picture of the author Devin T
    IM is just as much apart of the market as any other field.. meaning it has potential to be hit by recession as well. But as mmurtha said, it all depends on certain aspects for the individual!
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  • Profile picture of the author dvduval
    From a shear numbers perspective, if the overall gdp goes down, there is less spreading around, and most industries would suffer. Advertising dollars spent by companies would tend to decrease.
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    • Profile picture of the author mmurtha
      Originally Posted by dvduval View Post

      From a shear numbers perspective, if the overall gdp goes down, there is less spreading around, and most industries would suffer. Advertising dollars spent by companies would tend to decrease.
      Yup! And sticks, and property prices will drop as well!

      It will be a good time to invest if you have the money.

      I think this right here can bring in a lot of capital in the end.


      Mary
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      • Profile picture of the author vorales
        Thanks a lot Marry,Dvduval,Devin,Wright-stuff,Rod,George Wright,cottpfoc for all your comments,which are true and realistic i would take into consideration.

        Thanks once again.

        Have A Nice Time!
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  • Profile picture of the author derekwong28
    Having been through a depression in 1998, I would say that niches that concerned making money, saving money, and reducing debt are fairly recession proof, espeically those that involved MLM and Ponzi scheme scams. Also dating is also very recession proof, as many people would like to find a lifetime partner, especially those with a stable income in a period of uncertainty.

    However, I am only taking about the niche as a whole, not the individuals in the niche. Because everyone is trying to get into it at the same time and so there is less money to go around. It is really the same situation with Adsense. While Adsense payouts are at a record, hardly anybody is bragging of record earnings compared to a few years ago. It is just because there are so many more competitors.

    So it is really a situation that the very strong will survive and even prosper.

    -Derek
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  • Profile picture of the author VegasVince
    Originally Posted by vorales View Post

    Hi warriors?

    I was thinking whether IM is a recession proof business?

    I think it is, as the recesssion arise everywhere in the world, the jobs are not secure anymore. Therefore people will start looking for the opportunity to earn money. IM will be the best option as it don't need high capital investment.

    What is your opinion?



    IM is NOT a business.

    It's a medium TO DO BUSINESS.

    So it's impossible to answer your question until you tell me what it is you're actually attempting to sell.


    xxx Vegas Vince
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    • Profile picture of the author Stephen Crooks
      Vegas Vince is right, IM is not a business in itself. I think virtually any business is going to suffer to some extent during a recession. Even a simple adsense model will suffer with less advertising bucks around. The general public have less money to spend on their hobbies, interests, sporting activities etc. meaning they will be less likely to purchase the ebook or affiliate product you are promoting.

      I really believe though that recession = opportunity and sorts out the wheat from the chaff and the men from the boys. We may have to ride out the storm for a while yet but when the dust settles there will be many new sustainable business opportunities open to us all.
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      • Profile picture of the author zerofill
        It's basically what Vince said...

        Because if your business is wrapped around how to make money online...You will probably see some of the best sales you've had in awhile...

        If it is based on buying a new home...well...You may see some of the lowest sales you have seen in awhile lol...
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    • Profile picture of the author vorales
      Originally Posted by VegasVince View Post

      IM is NOT a business.

      It's a medium TO DO BUSINESS.

      So it's impossible to answer your question until you tell me what it is you're actually attempting to sell.


      xxx Vegas Vince
      Hi Vegas Vince,

      Well i am marketing self-development product.
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    • Profile picture of the author mmurtha
      Originally Posted by VegasVince View Post

      IM is NOT a business.

      It's a medium TO DO BUSINESS.

      So it's impossible to answer your question until you tell me what it is you're actually attempting to sell.


      xxx Vegas Vince
      Vince,

      Now that's the smartest thing anyone stated in this thread.


      Mary
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  • Profile picture of the author VegasVince
    Originally Posted by Daniel McGonagle View Post

    B.S.

    You have access to a freakin global economy at your fingertips, therefore the IM medium allows your online business to be even more insulated from a U.S. of A based recession than pretty much any other type of small business...

    Go here to read more....

    Is Internet Marketing Recession-Proof? - Online Marketing Guide - Internet Business Advice - Marketing Business Product Reviews

    Typcial Sheep/Victim rhetoric.....

    Sorry..sales is sales. Sell stuff the people want to buy...and you can do it in times of prosperity or so-called times of despair....often you can make more money via the latter scenario.

    That's not "B.S."....that's the truth. Either compete...or bitch about those who do. Your choice.

    IM is NOT a business....it's a way to do business. Sorry....that's also the truth. There is NOT one honest Warrior on this forum who will disagree with me on that.

    When times get "tough"...then market products that fit that "mindset."

    Or do the alternative and bitch and whine.

    xxx Vegas Vince
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  • Profile picture of the author Dave777
    Excellent related presentation on the topic, even if some aren't interested in his FULL home study course... Great marketing example to review and study...

    Kevin Riley's...

    From Hobby To Your Own Profitable Home-Based How-To Business Empire

    Dave
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  • Profile picture of the author Monetize
    It is and it isn't. Nothing is recession proof, so if you're into
    e-commerce (with physical products) you are likely to feel
    the adverse effects of the slumping economy. But operating
    online allows you to diversify in short order, if you have the
    mindset to be flexible, giving you an advantage over offline
    brick and mortar operations.
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    • Profile picture of the author Dave777
      Originally Posted by Monetize View Post

      It is and it isn't. Nothing is recession proof, so if you're into
      e-commerce (with physical products) you are likely to feel
      the adverse effects of the slumping economy. But operating
      online allows you to diversify in short order, if you have the
      mindset to be flexible, giving you an advantage over offline
      brick and mortar operations.
      But you have to be able to read through the lines and Spin innovation and creativity world-wide, whether in developing products or as an affiliate etc. etc! Definitely need to brainstorm on Kevin's presentation tactics in my opinion. Afterall, how many gazillion Untapped keyword possibilities are there globally and internationally? Including into multiple language translations. That alone is an idea in itself...

      Dave
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  • Profile picture of the author David Maschke
    No one here or anywhere has a clue how bad this is going to be, or what it's going to effect, or how long it will last. No one knows. That's the problem, and why the stock market is falling like a rock.

    Fit a product to a market and learn copywriting, which is good advice in any economy.

    Dave
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  • Profile picture of the author Eric Louviere
    meaning... what you said about what Vince said being the second smartest thing... you know... like it was smart too... like you are both smart, but your statement was second smartest because you said his was the smartest... I mean, It's like... well... you see... hell, I'm going home. It was funny to me.
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