Recession proof passive income

May 18, 2009 · Filed Under Recession · Comment 

During the recession period when the global economy is jeopardized, you need to have a recession proof passive income to stay on top in 2009. While most people are worrying about the increasing gas prices and the sudden increase in their mortgage or credit card payments, internet marketers are excelling in this difficult economy and watching their income moving up every month.

You can make a lot of money online if you can work hard. With the help of the computer and the internet, there is always a way to get paid! There is always a great chance of earning a lot of money by doing online jobs versus the income earned from a regular job.

For the most part, the income from the job stayed at the flat line level for all of 2008. The income that was earned from doing business online started out pretty flat too but at a certain point of time, it started increasing. Over the past one year, this source of online income got doubled.

There was a time when the price of the gas was over $4 a gallon. People with a regular income had a tough time to afford it but those who have a source of online income can afford these kind of expenses quite easily and live their life quite comfortably. Extra cash flow can make the daily “gotta do’s” easier to manage that’s for sure.

There are many people who took the leap of faith in 2008 and are glad that they did. Their bank account balance increasing every month showed that they made a wise choice. Browse through the internet and find ways to make an extra income. You can make your life a lot easier.

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Don’t be afraid of unemployment in today’s economy – 2 recession proof options

May 2, 2009 · Filed Under Recession · Comment 

Recent statistics showed that the unemployment rate in US has gone up to 7.6% in January 2009. For many, they are not anymore afraid of getting laid off. They have started thinking more than that. When it is actually going to happen?

Jobs are no longer secured as they used to be earlier during the Industrial Age. Nowadays, many companies are downsizing the strength of the employees, with no plans of replacing them. There is less overtime and many employees find hard to see their hours cut. The number of benefits is also moving down and pensions are being raided or taken away. No one is immune to being downsized.

Management and HR department of the big companies are evaluating pay for performance strategies to implement in today’s struggling economy. They are assorting the top performers, rewarding them, and retaining them during tough economic times. Serious consideration is given to the base pay with additional income on performance. Most of the average employees are not finding this to be comforting news.

Here are two options that you may consider to stay on top of the recession period.

Option 1 – Franchise

  • Proven system with ongoing support.
  • High success rate and low risk.
  • Established market.
  • High startup cost. Average Franchise fee runs from $20K — $30K.
  • Full–time commitment for the 1st year.
  • Frequently takes a year to cash flow.
  • Usually requires a large overhead of employees, real estate, and goods.
  • Some Franchises might be less attractive while the economy is in a downturn.

Option 2 — Home Based Business

  • Work at home, no commute, and more time around family.
  • Can work part–time while holding a regular job.
  • Low startup cost, often $500 or less.
  • Low overhead: computer, long distance, high speed internet, and a few supplies.
  • You may have had a bad experience with the old style of Network Marketing — prospecting friends and family, buying expensive leads, having to attend meetings, lots of rejection, and a 95% failure rate.
  • New style Home Based Business is a new mind–set using new technology.
  • Social Media is an integral part of the new style of Network Marketing. Seldom a day goes by without you hearing about Twitter or Facebook in the news. Social media is changing the way people are communicating.
  • Abundant free training on the Internet on how to use Social Media.

Conclusion

You don’t need to worry about unemployment when you have a perfect plan in place to recession proof your income. Start executing your plans from the very first day after you find yourself unemployed. If you are fortunate enough of not having to lose your job, then consider these two options as a source of extra income. You will make your financially secure.

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