Best Way to Make Money in a Recession?

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jeanpaul1979

jeanpaul1979

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Ok, so things are changing and will only get worse for some time to come...

Since AM is consumer based I assume this will be taking somewhat of a hit too, excluding some niches of course, I hear dating is really hot right now...

But generally I think it's fair to say opportunities will become more sparse. Cheaper advertising costs could offset that though so it may just be that there is little to worry about. But looking at the options and assessing the situation has never hurt anyone.

On the other hand, I've been listening to economists and think that investing is where some big opportunities lie. Because you can't just make money when things go up, but also when they go down. For example, when oil dropped massively not that long ago... If you had invested in the right stock you could have tripled your money. When the economy is moving fast like this opportunities like this are more common.

I don't know much about investing though, but it does interest me now the economy is in somewhat of a chaos.

What's your take on this? Where do you believe the money is at? (no I don't want your keyword list)
 


jeanpaul1979 said:
On the other hand, I've been listening to economists and think that investing is where some big opportunities lie. Because you can't just make money when things go up, but also when they go down. For example, when oil dropped massively not that long ago... If you had invested in the right stock you could have tripled your money. When the economy is moving fast like this opportunities like this are more common.

I don't know much about investing though, but it does interest me now the economy is in somewhat of a chaos.

What's your take on this?
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I'm extremely far from being an economist or stock market trader, but I have a couple friends who have had a lot of experience with it.

You can make a profit on what's called "shorting" with a stock. (when a share goes down in value)

But from what I gather from their experiences, overall, playing with the stock market is like gambling. Speculation and human emotion plays a big part.

But if you enjoy sitting in front of your computer 18 hours a day, looking at stats, graphs, following news stories and analyzing trends (because you do this with AM) - then maybe you'd enjoy it.
 
Yikes, when you say it like that I feel like running lol.

Nah I'd rather live more freely / less attached to the job. I'm just speculating here really. I enjoy growing money, but on the other hand looking at stats isn't my favorite part of the job, so if investing requires you to constantly monitor stats to be successful I'll pass.
 
Jsmith said:
crime.
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Always pays the bills

Violent_crime.png
 
jeanpaul1979 said:
Where do you believe the money is at?
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Real Estate can be real good if you have any idea or experience in what your doing (or can find a partner that knows).

One area of real estate that is booming right now is.... Tax Liens...

If people have less money, its harder to pay bills (paying taxes on house) and a Lien will be put on the house for X amount of dollars that is owed.

There is many different angles to make money with Tax Liens, but one of the most lucrative I know of is the "refund method."

This method is hardly taught at RE schools and can make you a lot of money.

How would you like to sell money to broke people?

For example: Lets say I own a house and owe 10k in back taxes and the house may be worth 400k. The Lien is then sold at a Public Auction in the town/city its located in.

If someone goes to the auction and pays 40k for a 10k Lien- that means there is 30k in Overbid money. That 30k in overbid money is owed to the homeowner (depending on state). You can buy and find lists with these types of people that are owed money.

Now, when you get the list of people who are owed money in overbids, you have to find them, contact them, and you tell them they are owed 30k (in example above) and you take a commission off that (25-33% normally)

The market will increase due to people not paying bills and people will "buy" because they want the money.

My friend is doing a 15 million dollar (refund) mailing for this and normally makes atleast 300k back each time.

If you want more information on this- you may be able to find John Lanes guide that explains how to do this method.

WHat you need is the List of people, there contact information (according to John Lane he uses a 400/mt program to find people), and then get a hold of them through mail or phone and make them believe you.
 
^^^
I think you forgot to mention this only works when there is actual equity in the property.
Not too many out there with equity right now so where's your money going to come from?
Back in the early 90's there were a lot of infomercial dudes selling this information and judging by the length of time these ran, there were a bunch of suckers buying the program.
Just like Charleton Sheets, I'm sure they made more money selling their programs than they ever made in tax lien certificates.
 
LotsOfZeros said:
^^^
I think you forgot to mention this only works when there is actual equity in the property.
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Theres a lot I didn't mention.

And you're right how most people make money selling the information than doing it. I heard about Carlton Sheets, but don't know his methods.

I only know from what my friends invest in. They do hard money lending, international real estate, tax liens, forex, ect...

Like any investment, you always need to do your due dilligence before investing!
 
Personally, I'm out of the domestic stock market (except for some juicy gold junior miners) for the next year or two. Money in fast-rollover CDs and offshore gold until we bottom out and start climbing up again.

Keeping on eye on Asian markets, and the BRIC countries. They are far more likely to bottom out quick and pull out before we do. Already looking at some solid multinationals expanding in things like reclamation (industrial pollution cleanup) in China, some armaments concerns (nothing like a few good groundwars to pull crappy economies out of nosedives), and 3rd world entertainment distribution channels (Hello Bollywood!).

Life goes on.
 
There are at least a few people trying to grab the last few dollars from unemployed ppl,

hxxp://www.cnn.com/2009/TECH/02/24/recession.web.sites/index.html

Fake employees, corporate seat-fillers, are reportedly being paid by New York advertising agencies to dress and act like they work in firms so prospective clients visiting the offices will be instilled with confidence.

Sound crazy? Not to Jeremy Redleaf, the 24-year-old founder of Odd Job Nation, a Web site scheduled to officially launch today.
"Seriously! I have friends who do this," Redleaf says, before rattling off some of the other "exclusive odd jobs" he's compiling. "We want to be the resource for the new growing army of part-time opportunists ... You've got to hustle life before life hustles you."
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Curious to know what you guys are doing to capitalize on this downturn in the economy, such as selling nifty t-shirts or making people pay for a few jokes. lol

Are there any locations that are doing well that we can target online? I was thinking about places where the weak US dollar doesn't matter that much.
 
Debt consolidation, credit counseling, insurance, payday loans, dvd/game rentals, dating, and legal offers are the way to go :music06:
 
Recession Solution

We all know that even big businesses are at risk during these times of crisis, and I guess we can all see a lot of "used to be" stable companies slowly making its goodbye in their industry starting from lay-offs to permanent closure. But come to think of it, this actually opens more opportunities of success for small business to open... specially online.

Without the big sharks, the small but expandable fishes can finally play the game, and I think going Online with your small business is the thing. It's where the money is at.
 
I work for a network called RevenueWire which specializes in PC utilities. Like everyone else we were wondering how the recession was going to affect our business. What we are finding is that people are holding off buying new computers and so are looking for software to help make them run better. As a result, we have seen our affiliate sales steadily increasing. I checked with a few of our software merchants and that was their experience as well. So PC utilities is something to consider.
 
I read an article in forbes recently that talked about how strip clubs are booming everywhere, as well as the entire adult industry, of course...
Sex is the biggest stress reliever for people in good times and bad.

I voted for the porn "stimulus package." ;)
 
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