I get tired of hearing about the “recession” and “economic downturn” from the media people that want you to believe that we are all doomed. I personally have never had such a stretch of economic success in all of my life. I will admit that certain industries (house, auto) are struggling but that doesn’t mean everyone is doomed to poverty.
Having said all of that, peoples perception of the economy is their reality. The reason I am writing about this is because there are going to be really good opportunities for gaining wealth in the near future. Specifically, alot of people who are running somewhat successful websites are going to be willing to part with their site at a bargain to get cash in their hands. During the great depression was the largest transfer of wealth in the history of US. Some people were getting richer and richer because they were buying while everyone else was selling.
My suggestion to any readers of this blog is that you put some money aside and be ready to pounce when the great deals come around. Be a buyer when everyone is selling and build up a portfolio of money making websites and you can build up and make even better. My personal goal is to have 10 prosperly websites that all make $500 a day. Set your own goal and then make it happen. There is no need for you to be in a recession.
1 comments On Get Ready To Buy Internet Real Estate
There are certain industries and products that tend to do very well in a recession. Education is one, because it is an alternative to joblessness. Beer is another, or so I heard in a class once; I think it has to do with being a “comfort” to depression. However, this might mean that other “comforts” like sweets or food in general might follow the same path.
Since you have a diverse website portfolio Adam, you might want to track any per visit trends. The interesting part to track is the effect on discretionary goods such as nutritional supplements, beauty products, or even lawn care. Even these, like everything, have varying degrees if discretionary spending characteristics.
I am glad to hear that you are not feeling the pinch. This hopefully speaks to your businesses’ growth and your portfolio’s diversity. Actually now that I think of it, diversity is always preached in investments and it certainly applies in the small businesses such as web sites.