Hard times yet to come
Many of the financial industry insiders, those who speak outside the veil of industry misinformation, predict that our current economic downturn is just the tip of the iceberg and that we are in for an extremely difficult time. To prepare to survive the coming economic meltdown, starting your own business might be just what you need. Keep reading and I’ll explain.
Entrepreneurship
Becoming an entrepreneur in the midst of a global economic crisis may not seem like a good idea at first. But the truth is that the unemployment figures are at record levels and continue to rise. If you still have a 9 to 5 job, are you sure you will still have it six weeks from now? Six months from now?
There is a little known fact about what really happens during economic crises. What happens is that wealth is transferred. Not that everyone suffers in any way, but a crisis occurs when so much wealth has been transferred that most people are left in dire poverty. For example, more millionaires were made during the Great Depression than at any other time in history to date. More billionaires have been made in the last decade than ever before.
Given these facts, it seems clear to me that the most important thing someone can do to survive the coming economic collapse is to be in charge of their own income and to be informed about the financial and monetary systems that we have.
Three Startups for less than $500
Affiliate Marketing – Really, this start-up business can be done with no money. All you need is a blog or website. But for a potentially time-saving boost to your business, consider outsourcing web design, copywriting, and/or SEO. Once you get significant traffic through your site, you will be able to earn quite a bit from your commissions.
Pay Per Click Programs – There are plenty of people who make a decent income from pay per click ads. Google AdWords is the most popular of these programs. Again, I would recommend hiring a freelancer or two to help give your business a head start. Otherwise, it may be months or even a year or two before you see enough traffic.
Network Marketing – While start-up costs vary from program to program, a few hundred dollars can usually get your foot in the door. My strong advice is to avoid traditional MLM networks. For many reasons, this business model is out of date and no longer works. There are some great top tier networks out there that have an up to date and innovative approach to network marketing. These networks offer a community of experts to support and guide you along the way.
Dedication
Any successful entrepreneur will tell you that it wasn’t easy to get where you are. They had to work hard, work long hours, and be patient even when they wanted to give up. They had to spend time building relationships, working on personal development, and making mistakes before they achieved their goals. But, as each of them will also tell you, it was all worth it! Surviving the looming economic collapse is perfectly possible if you follow in his footsteps.