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In this episode of Internet Business Mastery, we present The Ultimate Recession Survival Guide. Plus we show you the great wordpress theme and site design company we use.
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Items mentioned in the episode:
- Pixal Jar
- Free Audio Gift from Sterling and Jay
What do you think?
- Has the recession actually effected you and what have you done to become recession proof?
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Hey guys,
I make the majority of my income from Adsense, and the recession definitely hasn’t affected me. Overall my revenue is up, and a couple of days ago I actually had my best day with Adsense ever.
:)
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Hi guys,
Good to see you addressing this. While some businesses are naturally recession-proof (anything in the how-to-make-money genre is going to thrive in times like this), it’s great to see you making suggestions for everyday types of businesses. I agree with Sterling that even a company selling supplements or some such could come up with an angle to keep (or even attract new) customers.
Personally, I’ve yet to feel the crunch. My income comes from several sites in different niches and the money comes in through different sources. I wasn’t thinking recession when I set out to diversify myself, but I’m certainly glad I did now. It makes me feel a lot more confident that I’ll weather the storm better than if I just had a single source of income from a job.
Looking forward to more shows!
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Hi S&J,
Great episode. It’s good to see you guys address this. I agree that this is a time of great opportunity for businesses who provide the products and services people really want. I teach people to start businesses, and interest in my services has never been higher.
Good marketing is the key to growth in any economy. If you stop promoting your company, your company dies.
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It is so true that you need to filter out what you listen to. I have been listen to and watching the news more than usual and I have noticed that I start to get angry and upset more often. I then find it more difficult to remain positive as I build my business.
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Ah, Dam! Should have never erased them.
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Hey guys, great episode. I sell hard goods and my sales of consumer items have been tanking… my higher end B2B products are still chugging along… Can’t think of a better time to start a new business! I’ve decided to start my first information product in 30 days and track my progress on my blog, click on the link if you are interested. I’ve been listening to the podcast for 2 years now and I’m really excited to launch an info product. Thanks for all your help!
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J & S,
First, thanks for your podcast. I have been listening on and off for the past 1.5 years and you guys rule.
Although I agree that news media generally feeds on fear, I disagree that people should limit the amount they watch. As long as a person can discern truth from agenda, the news can be very informative and actually help people find new niche’s to become involved in or better understand whats happening in the stock market.
One of you mentioned that your father pulled a bunch of cash from the stock market. Besides the plain news that the stock market has dropped 40% over the past year, most news sources are also running pieces on how you should NOT run from the market. In fact, you can find hints on what to buy. Watching the Warren Buffets of the world should give people hints. The Buffets of the world are buying and this is pretty extensively covered in the news….. just inbetween the headlines of ‘worst day ever’ and ‘recession’
You ask what I have done to make myself recession proof. Besides minimizing long term expenses in the good times
(barely any loans, constant emergency fund, use credit cards only to get rewards and pay every month), I am delving into the stock market. Buy buy buy…. if the fear mongering press is right, our money isn’t going to be worth anything anyways. If it bounces back and gains like it has always done in the past, it was a well timed purchase. We will see….. lol. I am also thinking about launching a new site.
Once again, you guys are great and I am doing my best to hone my skills based on alot of what you have to say.
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@Dakotaben,
Why waste time trying to discerning truth in the news? Instead move full force towards your goals and what fulfills you. I waste NO time with nonsense like the tv “news”. I guess if you are watch just news about the stock market and you like that kind of entertainment, then I would say go for it.
We talked about my Dad dumping his stocks because the news and the radio shows he listens to during the day duped him with all the doom and gloom nonsense. Jay and I are not reactionary in the least, another reason why the news doesn’t interest me at all.
We talked about how many fortunes are made in so called recessions and depressions, like you said, buy buy buy.
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@Dakotaben,
If stock news pertains to what you do, by all means watch it. I limit my consumption of news to those things that are relevant to me and that I can apply to *action* in my life.
The last couple months I have watched more news than the rest of the year. That’s not because of the economy talk, but because I wanted to inform myself to vote. I had a specific action in mind and was very selective about where I turned for my news.
The danger is when you turn it on and just gulp it all in and end up on the roller coaster emotional ride that they like to take you on. This leads to reactionary thinking.
By all means, be an informed person. I just encourage people to be very deliberate about what media they take in and for what purpose.
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i think that the Economic Recession would soon be over in the following years. there are lots of positive indicators in the world economy.
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during the height of the economic recession, our online and offline business in the US have suffered some major drop in sales. now our sales are getting slowly back to normal.
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