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Need good resources for researching how to profit in recession?
I am starting to research what types of business and jobs prosper in a recession and depression.
I am a firm believer that adversity is opportunity in disguise.
I am developing a motivational speech to encourage people to cease the opportunity in these unlikely times. I am looking for stuff that will help average Joe or even the big business man that lost it all.
I wanna be a light in the darkness. Are you prospering as a direct result in the tide change in the economy? Can you recommend any books, resources or links that would help?
Thank you very much for your help. :)
2 Answers
- Anonymous1 decade agoFavorite Answer
Step One: Steal Underpants
Step Two: ?????
Step Three: Profit!!
- Guo Lo CLv 41 decade ago
I think the following web shows many ways to make profits during recession.
http://search.yahoo.com/search?p=The%20ways%20of%2...
My personal opinion is to start a business of liquidation sales. As 80% small businesses are failing in Hong Kong, probably in US and worldwide, it is better to to buy the liquidated merchandise from the court usually less than 10% of the market prices. You certainly can make profit by selling it in the market at the prices of 50% of market prices. It is sure a 50% profit. However, you need to pay all the overheads. If I were doing this, I would probably sell the merchandises in the streets. The rental costs in Hong Kong are the highest in this world. The statistic shows Hong Kong 70% of failed businesses were not able to sustain the rents.
I don't think it is wise to do business during recession. As the matter of principles, business is established to meet the demands. A business needs capitals to cover all the overheads and the balance of sells, profit, and costs. Yes, some peoples can do business by creating the inflation by raising the prices of property, stock shares, and gradually destroyed this world completely.
If you want to follow the old ideas, you only can read and follow the web articles. You will probably end up with disappointments and become a loser in creating a business. It is better to work for some one instead of being a boss in this messy society.