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PostHeaderIcon Best Way To Make Money In A Recession

The hands down best way to make money in a recession is to find a way of making money that actually uses the recession instead of suffering from it.

What do I mean by that? Good question. What I mean is that you want to look for a business that will not be affected by the recession, or even better, a business that will actually grow during the recession.

One example is dealing in used goods. When people are low on cash they will be buying more used items. So if you always dreamed of setting up a store that sells good but used kids’ clothing, for example, right now is probably a good time to do it.

But running a store in your local area takes capital to pay for the premises and requires a lot of knowledge about running a business, from consumer law to hiring staff. That is enough to put off many people.

A better idea would be something that you can do from home without any staff or overheads. Something that you can be making money while you learn the business. So what is an example of this? Selling or promoting goods on the internet.

We are so lucky to be having this recession right now. Does that sound crazy? It’s not, because this is the one time in history when there is a huge exploding market that is not going to be affected by a downturn in the economy. People are going to be buying more online because it’s cheaper.

Take the example of used clothing. Selling your stock online instead of from a bricks and mortar store means that you do not need any capital, you do not need any staff, people can buy 24/7 and you just deal with the orders whenever you want. What’s more, your customer base is not limited to the people who live in your town and pass by your store. You have billions of potential customers all over the world.

But better still, you do not even have to sell anything yourself. You can earn money online in many other ways. For example, you can be an affiliate, earning money by promoting a company’s goods for a commission. Set up a few websites doing this, drive visitors to them and you could soon be earning regular checks.

Even in the luxury goods markets, some people are still buying but they will be looking around for the best deal. So the best way to make money in a recession from luxury goods is to find the best deal and put it in front of your website visitors.

4 Responses to “Best Way To Make Money In A Recession”

  • | body detox says:

    the economic recession has been pretty hard on us. there is some good progress on the economy this year. i just hope that the economy will continue to recover in the following months and years.

  • Ryan says:

    Great article mate. Work smarter is always the key.

  • werner says:

    Great article!
    woking smarter in this economy is sometimes the only better option.

    great work, thanks

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