Sunday, February 22, 2009

What Does Well in a Recession-How to Get Rich During a Recession

By Mathew S. Robar

So we have seen the economy in better times, sure but there are a lot of opportunities out there right now. It is our duty as citizens of a capitalist nation to seize the day and bring home some cash!

A recession is defined as "a period of reduced economic activity". With that in mind, lets dive into how we are going to make these riches.

At the top of the list of things to do would be start your own business in one of the recession niches that have undoubtdly already started to form.

So what is big right now in America? Well, loan modification of all the bad mortgages that got us into this mess. Debt settlement from all the people who spent too much thinking the housing market would never crash and now need to get bailed out. Finally we have an influx in the operation of home based businesses.

Now the first two niches can make you a lot of money but they often require a financial background and some startup capital. The 3rd option on the other hand is an interesting alternative.

PEople want more than ever to make a little extra money on the side and by offering them an opportunity to do just that, you can also generate an army of people working hard to generate you a residual income.

There are a multitude of companies out there that incentivize their employees to have other people grow a business as well. Some companies even offer a residual override on anyone that joins the business off of your referral or under you as a sponsor.

This is a rapidly expanding market right now. More and more people are getting involved with home based businesses every day. You just need to be there to guide them in the right direction and show them the light that you have already seen.

Good Luck out there... - 15790

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