How to Make Money During a Recession

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How to Make Money During a Recession

How to make money during a recession has been the question going through my mind for some months now. This is because I have read statistics and stories which prove that more millionaires are made during times of economic turmoil than during times of economic stability.
 
Like most people I would like to be a millionaire in my lifetime. It is no secret that the whole world is experiencing some form of financial meltdown, some more severe than others and the financial markets have been rocked to put it lightly.
 
In spite of this and all the negative press coverage now more than ever people all over the world are making more money than they have ever made in their lifetime.
 
How is that you may ask? Well 80% of the world’s population did not see this coming and so were caught unawares. There were however a certain 20% that anticipated it and prepared themselves to take advantage of the opportunities which were bound to come up.
 
Were you part of the 80% or the 20%? Whichever group you find yourself in you can change groups. That is why I found myself asking the question repeatedly – how do I make money during this recession?
 
I found the answer in the age old truth – find a problem and solve it. Find what people need or want done that nobody wants to do and do them. Another one is find what people want done but do not know how to and offer to do it for them or teach them how to do it.
 
For example due to our busy lifestyles we do not have time to clean our windows on a weekly basis. I personally know someone who set up a business cleaning windows and other kinds of household cleaning and is doing very well.
 
Why because people do not mind paying for someone else to do what they would like done but cannot be bothered to do. He now has other people working for him.
 
Another example is people are looking for avenues to make more money in this climate especially for a multitude of reasons – unemployment, redundancies, foreclosures, bankruptcies and to keep their homes.
 
What if you could position yourself to lend a helping hand to people who find themselves in desperate situations? Provided the solution you are offering actually works and it is at an affordable price there is no reason you would not do well provided you correctly targeted the right audience.
 
Selling the tools for digging like in the California Gold Rush is yet another how to – to make money during recession.

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