Monday, August 4, 2008

Recession Proof Businesses - How to Beat the Current Recession

Do you like to find out how to beat the current economic recession with recession proof businesses? If your answer is yes then read this article till the end.

There is no doubt that many global economies are in a downturn at the moment or are facing a serious risk of going into a recession. The degree of this downturn or economic recession varies from country to country, but the fact remains that not all sectors of the economy are facing this plight. Globally there are some sectors of the economy that are thriving right now. This article will show you one of the sectors that is thriving at the moment and where to find information on how to build recession proof businesses and beat the current recession.

If you have been watching the news, apart from the US 2008 presidential election coverage then you must have seen headlines like:

  • Oil prices continue to soar,
  • Gas prices reach an all time high,
  • Food prices reach record highs,
  • Up to US 80,000 employees have lost their jobs so far this year alone,
  • US bankruptcies up by 50%,
These are all signs of an economic recession, in fact to quote a very prominent US Billionaire Warren Buffett "By a common sense definition, the US economy is already in a recession". We all know that when the US economy is in trouble then the rest of the world Economies will sooner or later follow suit.

The fortunate thing is that not all sectors of the economy are facing an economic recession, one such sector is the eCommerce sector. Indeed online business is booming right now, and there are predictions that this growth will continue till 2012. Here is what some business experts are predicting:

  • Epsit.net; "Global e-commerce revenues will reach $115 Billion this year"
  • Forrester Research; "each year every household will spend $3,649 spend online"
  • Forrester Research; "E-commerce growth is estimated to reach 204 billion US$ in 2008 and to hit 334.7 billion US$ by 2012
As a result online businesses have been rightly termed recession proof businesses.

These are some of the reasons why e-commerce is a recession proof business:

  • People who shop online are more likely to be wealthier than the average consumer,
  • Online shoppers are people who face far less economic challenges, and they are generally more optimistic about the future,
  • There are many reasons why more and more people are shopping on-line now and will continue to do so in the future, these include: Trying to save money on gas, saving time, avoiding crowds, comparing prices, finding any product they want, and being able to buy at any time of day (e-businesses are open 27/7)

With the right knowledge, tools and information, you too can benefit from the booming e-commerce sector. In fact in 2007 thousands of ordinary people with no formal technical training, ecommerce background, or sales experience, set up their own successful businesses and quit their days jobs and are now enjoying a different lifestyle.

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Do you like to find out how to beat the current economic recession with recession proof businesses? If your answer is yes then read this article till the end.

There is no doubt that many global economies are in a downturn at the moment or are facing a serious risk of going into a recession. The degree of this downturn or economic recession varies from country to country, but the fact remains that not all sectors of the economy are facing this plight. Globally there are some sectors of the economy that are thriving right now. This article will show you one of the sectors that is thriving at the moment and where to find information on how to build recession proof businesses and beat the current recession.

If you have been watching the news, apart from the US 2008 presidential election coverage then you must have seen headlines like:

  • Oil prices continue to soar,
  • Gas prices reach an all time high,
  • Food prices reach record highs,
  • Up to US 80,000 employees have lost their jobs so far this year alone,
  • US bankruptcies up by 50%,
These are all signs of an economic recession, in fact to quote a very prominent US Billionaire Warren Buffett "By a common sense definition, the US economy is already in a recession". We all know that when the US economy is in trouble then the rest of the world Economies will sooner or later follow suit.

The fortunate thing is that not all sectors of the economy are facing an economic recession, one such sector is the eCommerce sector. Indeed online business is booming right now, and there are predictions that this growth will continue till 2012. Here is what some business experts are predicting:

  • Epsit.net; "Global e-commerce revenues will reach $115 Billion this year"
  • Forrester Research; "each year every household will spend $3,649 spend online"
  • Forrester Research; "E-commerce growth is estimated to reach 204 billion US$ in 2008 and to hit 334.7 billion US$ by 2012
As a result online businesses have been rightly termed recession proof businesses.

These are some of the reasons why e-commerce is a recession proof business:

  • People who shop online are more likely to be wealthier than the average consumer,
  • Online shoppers are people who face far less economic challenges, and they are generally more optimistic about the future,
  • There are many reasons why more and more people are shopping on-line now and will continue to do so in the future, these include: Trying to save money on gas, saving time, avoiding crowds, comparing prices, finding any product they want, and being able to buy at any time of day (e-businesses are open 27/7)

With the right knowledge, tools and information, you too can benefit from the booming e-commerce sector. In fact in 2007 thousands of ordinary people with no formal technical training, ecommerce background, or sales experience, set up their own successful businesses and quit their days jobs and are now enjoying a different lifestyle.

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