charliefromthachi
Registered Member
- Jul 17, 2008
- 53
- 23
How will a stock market crash effect internet marketers?
How will a stock market crash effect internet marketers?
Recession every 10 years, it's the cycle. 2008 is the 11th years, so it's time. No surprise.
Well, so far, I love the "crash"!
This very day I bought an '86 Mercedes-Benz, Model 190E 2.3 with only 80K miles for $400 USD.
Why?
The owner had been told that the fuel system was screwed up (Thank You, Mr. Dealer's Service Department!)and that the repairs would cost around $1K USD but I could tell when I started it that:
(1) The fuel filter was plugged up.
(2) That the gas was old and stale.
(3) Spark plugs were fouled by the stale gas.
I am not in the education business, so I just paid the guy and had it towed home.
New filter, new gas, new plugs; runs fine. I'll spend another $200 or so in little BS stuff; oil change, coolant change, new thermostat, etc and cruise on down the Strasse!
Stupid is as stupid does and panicky people are stupid.
Don't panic!
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I wish you werent so cryptic. I know you give us jewels but it's hard to know what you're eluding to sometimes.
it will likely depend on what you do. if your business is dependent on people who already
have disposable income then yes, you *will* see a major drop in your income.
on the other hand if your business caters to people who really need cash, then you will see
a marked increase in your profits. this is a great time to promote money making ventures!
as an example of opportunity coming out of hard times consider this... right after the 9/11
disaster hit new york, many business owners began defaulting on their company mortgages
due to fear of terrorist attacks.
well, some savvy entrepreneurs began tracking down those defaulted mortgages and they
brokered them to companies that specialize in buying "bad paper", aka "non-performing loans" and they made a quiet fortune. i learned about this after one of my old business
partners told me that he was buying up a lot of "non-perf" biz notes out of new york.
now that the current housing market is in the toilet, there is a real opportunity here to
make a lot of money by brokering this bad paper to investors who buy this type of loan.
believe it or don't, there are quite a few companies that buy defaulted mortgages and they
will pay you a lot of money for bringing these notes to their attention. a classified ad in the
newspapers could bring you a shed load of cash very quickly...