We all know the economy is deteriorating and deteriorating fast. It may sound crazy, but the time to start a recession proof home based business has never been better. More and more people are turning to the internet for answers and ideas for starting a business, they are not allowing other people to control their financial future.
Some great reasons for starting a home based recession proof business.
- You control your financial future, not someone else
- Leverage your income
- The global economy is middle class is disappearing
- Retirement security
Let’s look at a few strategies that will help you build a solid foundation and reap the benefits of owning a recession proof business for years to come. Your first step is selecting a company and a product or products to market. Do your research here and take your time. Look for companies that offer a pay structure that will allow you to leverage your time and money I.E. residual income. MLM and direct marketing fit this recession proof business model nicely.
Incorporate income and demand with your product research. People will continue to make purchases online, just buying different products. Look for financial improvement products, self help or personal development. These are products that will help your customers better themselves and are in demand. Use the funnel approach, you should have an introductory product to offer, then you will want to be able to offer them an upgrade product.
You must learn the skill set of selling, not too worry its not that hard. You need to be able to generate cash flow in order to recession proof your business. Now, I am not talking about chasing friends, handing out DVD’s or knocking on doors. To properly leverage your time and money you need to be able to sell to the masses, via the internet and email. This skill set is manifested by learning to copyright. Learn this one skill and you can recession proof any business you start.
Build multiple income streams; you do this by getting your first business profitable and then starting another one. Do not jump from one business opportunity to the next; it will only slow down your progress. Get your first opportunity profitable and requiring little effort from you. Use automated marketing systems that are easily replicated. Outsource your more tedious task or ones that you are not good at. Now simply repeat the process, this recession proof business tactic will bring you multiple income streams, so if one were to crash you are still generating income.
Keep these tactics in mind during your start up and you will be well on your way to building a recession proof business empire.