Wow … how time flies - nearly 2 months since my last post!
I know I haven’t been in touch or updating the blog as much as I would like,
and I apologize for that.
I’ve been busy working with customers, working on my new software, testing
waters in niche markets (non internet marketing related), etc, etc.
Ok, I won’t bore you with details, but today, I want to share something very important.
Amidst all the doom and gloom around us at this moment, there are OPPORTUNITIES -
you just need to look for them - actually, you need to actively seek them out!
There are generally 3 types of people:
1) Those whose pockets are so deep that they are not affected at all by the
economic downturn.
2) Those who have sufficient reserves and cash and are looking for ways to
build/expand their businesses during this tough time.
3) Those who have problems making ends meet.
Regardless of which ‘type’, there are opportunities to make some
serious cash. No joke.
For those in “Type 2″ - they would be actively looking for ways to build their
online business. If they find a product or service which will potentially expand
their business, you can bet their bottom dollar that they will spend the money.
I happen to be in this category. In my country, the bank fixed deposit rate
is 3.5% (max) whereas the inflation rate is 8.5% (as of September 08).
Anyone in their right mind would invest in their online business where the
potential returns are anywhere from 20% - 100% instead of putting their
money in the bank.
If you happen to be in the ‘type 2′ category, now is a good time to seek
bargains - products and services that can help you expand your business.
You only have 24hrs a day and there is only so much you can do. Put the
extra cash to good use!
If you happen to be in the ‘type 3′ category, there are many opportunities
to provide services to those who are in the ‘type 1′ or ‘type 2′ category.
Online Opportunities
* Content. Every online business needs content, fresh content.
If you’re a writer, you will find buyers. But instead of engaging in a price
war (eg. $1 per article) - be different. Select a niche and be an expert writer
in that niche. Offer to write a free sample article for that niche site and
if they like your style of writing, you can charge a slight premium for your writing.
If you’re not a writer, perhaps now is a good time to learn how to write?
* Graphics/e-covers. Every online business needs it. Same principle applies as above.
* Programmer - participate in the various marketing forums -
find out what is the ‘biggest’ and most ‘recurring problems the online businesses
have. Create a solution and sell it. (by the way, this is how I got started online
back in 2002)
* Script Installer - what are the top 5 most popular scripts that online
businesses use? Are they difficult to install and configure? You can be
the ’specialist installer for Script XYZ’.
note: it’s important to choose scripts that are popular because you’ll be
leveraging on the ‘fame’ of these scripts. One very popular script came to mind - AutoresponsePlus. Another is the Amember script. Also, these scripts will
be searched in google as well.
Offline Opportunities
Money and Time - majority of the people will have one and not the other.
Many of the rich folks do not have enough time on their hands - they are so
busy working on the next deal, lunching with clients, attending meetings
after meetings, etc.
If you can help them “solve” their time problem, they will gladly pay you.
Check the neighbourhood convenience stores, check the bulletin/notice
board for ’services wanted’.
For example:
1. Baby sitting - do they have youngsters or toddlers? Can you provide this service?
2. Food/Catering - could you provide delicious, healthy home-cooked meals to
busy executives who would otherwise eat out at fastfood restaurants? This is
a growing trend in my country.
3. Home Tuition - I’m not sure if this is applicable where you live, but over
here in Malaysia, nearly every parent in the middle/upper-middle class are
looking for home tutors for their kids. I can never understand this, but I digress …
4. Birthday Services - could you provide catering/party services in your neighbourhood?
5. Pet Sitting services - last week, I drove past a building with bright neon
lights that says “Pets Hotel” - that was new to me!
Anyway, you get the idea - if you can provide some kind of services that will
make the lives of the rich easier, you can generate some cash for yourself!
Don’t forget to advertise your ’services’ on those bulletin/notice boards as well.
Summary
Hope the above tips will get your creative juices going. If you want to share or
bounce ideas, feel free to post your thoughts below.
How you and your family fare during the recession is 100% up to you.
Decide what you want to do and take action.
Remember, the foundation for some of the greatest fortunes in history were
laid by ordinary people during the Great Depression.
My Best Wishes to You!
