There are plenty of long-term and lucrative opportunities to make money in this economic climate. Here are just a few of the ways you can do it:. In a downturn, secondhand and generally cheap goods tend to do very well. In fact, they often do better than they do when times were good.

Most of us have far more stuff than we need or really want so make it a regular exercise to go through cupboards, drawers, shelves and so on and see what you could possibly get rid of for ready cash. Many people would happily pay a percentage to someone who is willing to photograph their stuff, put it on the site, write a good description then send the things off for them.

Continuing the secondhand theme, good old car boot sales and the like also do well during economic hard times. More people try to make money by selling at them and others are keen to buy there because they can get stuff cheaply. Obviously you could make some quick cash by selling your stuff at a local car boot sale, but you could make more regular money by setting up your own car boot sale. Anyone can do it. You just have to find a space that you can rent you could do a profit-share deal with the owners to start off with and then do what it takes to advertise it.

Many town venues are already set up for sale but, if you hunt around, you could find a great spot that has not been nabbed yet. Take a look at Car Boot Junction for information about local sales. If you set one of your own up you should add it to their list, as well as advertising it in the local press and through leafleting the neighbouring area. Many businesses go bankrupt during a downturn. The stock, furniture, machinery and equipment that these businesses had need to be sold and usually they need to be sold fast.

That means they can go very cheaply and there are two ways you can profit from this. First, you could get friendly with local receivers and insolvency practitioners you can find out about local ones through the organisation R3 which covers all bankruptcy professionals.

Alternatively, you could attend the auctions of bankrupt stock and buy up the goods cheaply for your own use or for selling on at a profit. We all know that people are now more into renting than buying property, but there are also many other things that can, and should, be rented rather than bought when times are hard.

Industries That Thrive On Recession

This is another area where you can cash-in. For a start, do you have a driveway or garage you could rent out?

There are a few websites now that will advertise your parking space to commuters. We have all the details here in our article on hosting students for cash. Then there are other things you could rent out like your car, your power tools, your clothes, your accessories and even your toys.

Everyone is looking for cheap ways to get things done. If you can offer services locally at a much cheaper rate than proper businesses, you could get how to make money in a global recession more work than before.

Many families who used to employ nannies or a private nursery will be looking for cheaper options now and there should be more of a demand for childminding see our article about childminding here. If you have secretarial skills, offer your services to businesses around the world as a Virtual Assistant we show you how to be a Virtual Assistant here. Learn bookkeeping as well and you will have many more work opportunities as you undercut the market.

Are you good with computers?

Offer your services as a computer trouble-shooter at a knock-down rate in your local area. Whereas people used to simply throw away their computers when they went wrong, as times get harder they are starting to get things mended.

Computer mending can be expensive, so if you can offer a cut-price service there you will be increasingly in demand. Mending and repair severn trent shares sell will be in greater demand, but people will be looking for the best price they can get. There are always opportunities if you look. In fact, for some, it can mean more business and a greater income, not less. This is so lame. Whoever writes this stuff has no idea themselves how to make money in the real world only good at trotting out the usual.

I started an ebay hobby into a successful online business http: I sell tattoo and scar cover cosmetics. I see many examples of companies searching for quality in these tough times. This led to a huge amount of flab growing around the mid-riffs of many small businesses. As soon as a recession was declared these small companies turn their attention to their productivity, trying to squeeze more from their existing business structure.

Just a the general population turn to more healthy pursuits during recessive times, so do businesses. We were waiting for a how to make predictions on the binary option brokers with our business, but surprisingly the reverse has happened — and we have never been so busy.

It seems that people need a pick up in a recession and throwing a party and self-treating businesses work well in a recession. Retailers may try a few new marketing tricks in a recession, this includes using balloons for product launches and printing logos onto balloons.

I hear Chocolate sales are up for cadbury and make-up sells do well for max-faxtor. Some Weddings looking cut costs call option arbitrage used balloons instead of flowers or find a cheaper place to hire such as a church hall instead of a hotel room and use balloons to brighten the room. Please note that, whilst we endeavour to provide accurate and useful information, the Content may not be wholly accurate or up-to-date and is subject to change, often at very short notice.

How To Make Money In A Recession - The Visionary Nigeria!

News of a recession, redundancies, mass bankruptcies and so on can spread fear and despair around the country. However, for those who refuse to be hypnotised by media gloom there are always ways of coping and even doing well in these depressing times.

Sell your junk Buy bankrupt stock Rent out everything Undercut the market. There are some businesses that actually do better in a recession than usual.

This is because people often have different needs during an economic downturn and anyone who notices these gaps in the market and fills them can make some cash. There are auction houses all over the country that sell bankrupt stock. All you have to do is find your nearest one and get there quick! Charles Taylor in Manchester update their site every week with new information on forthcoming auctions, as do Frank G.

Bowen and Walker Singleton. For other auction houses, such as Crossgar Auctions near Belfastyou just have to pop along and see the stock for yourself. Bear in mind that because these auction houses deal with bankrupt stock from anywhere, they can have some bizarre products on sale, especially if they are dealing with stock from bankrupt factories.

Eddisons in Leeds and Manchester, for example, often sell things that are somewhat out of the ordinary, like travelling overhead cranes, along with more useful stock, like sportswear.

So you may have to sift through a lot of stuff before you find something you can sell. Rent, rent, rent We all know that people are now more into renting than buying property, but there are also many other things that can, and should, be rented rather than bought when times are hard. Driveways For a start, do you have a driveway or garage you could rent out? Everything Then there are other things you could rent out like your car, your power tools, your clothes, your accessories and even your toys.

Undercut the Market Everyone is looking for cheap ways to get things done. December 16,3: August 17,8: June 30,3: June 3, Add your comments here Cancel reply document. Related Articles How to make money fast and easy. Sign Up — Newsletter. Free eBook Download WHY WAIT FOR A RICHER LIFE? Connect with us twitter. Self-Employment, Is It For You? Newest Make Money Tips. Make Quick Extra Cash. Make money by being different. Got a money-making idea?

Global Recession | Why I Pray For Another Recession | obupexeh.web.fc2.com

Get learning NOW — whatever age you are. Why the Government is raising the National Minimum Wage. Too many people, too few jobs.

AS SEEN ON AND AS FEATURED IN. Contact To get in touch with MoneyMagpie contact: More Money Clear Your Clutter Seasonal Money Ideas eBooks Newsletters.

Send this to a friend Your email Recipient email Send Cancel.