3 Ways to make money in a down economy
By Ray Higdon
A lot of people I talk to are struggling in this economy. In
my area in Southwest Florida there was a lot
of real estate speculation where the profits were not realized and some people
got in over their head. There is also the effect of fewer real estate
transactions occurring which affects almost every industry. One topic on the
minds of so many is how to make money in this market. There are so many ways to
make money but I’d like to draw attention to three that I think are worth
pursuing and actually work.
One way a lot of people are making money is in brokering
projects needed in the United
States to companies overseas. In fact, a lot
of your bigger companies do this as well. An example of this is website design,
marketing plans, or logo/banner needs. Finding companies that require services
and or deliverables that are willing to pay more than what you can have them
done outside the United
States for can have you making money just
brokering the deal. This tactic is talked about in the Tim Ferriss’s book, the
4 hour workweek.
A second way people are making money is participating in at-home
surveys from their computer. There are a ton of different companies out there
that do this; some are more lucrative than others and some you even pay money
to be a member of. However, for spending time at your computer in whatever
attire you wish to wear, it’s not a bad way to make a little extra money. You
can search for all the survey sites out there but here is one example that I
have friends that have used to make extra income – http://www.HighPaySurvey.info
A third way that people are legitimately making money is in
referral marketing, also known as network marketing. In down economies these
companies flourish and according to a company I spoke to out of Arizona, about 70 of these types of companies are formed
each month in America.
That’s a pretty incredible number however most of these companies never make it
past year two. Some people still have the draconian “pyramid scheme” mentality
that anytime you make a percentage off of other people’s efforts it has to be a
scheme, but, there are so many people making money at these things that I
believe that is not the majority. Warren Buffet purchased the Pampered Chef
network marketing company for $400 Million; he said the reason was two
words…Cash Flow. I have personally built large organizations in these types of
companies and have no asterisk by where my money comes from. I really like the
idea of helping others make money and getting paid in the process. In one of my
organizations I have 9 people making over 6 figures in my team! If you enjoy
helping other people, you could be a superstar in the right company.
Make money from home doing surveys at http://www.HighPaySurvey.info
Best
Wishes,
Ray Higdon
Founder, The
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