Holiday Season Bankruptcy Fallout and Retail Stores Closing – How You Can Benefit…
Christmas season is over, and now the latest news is that several large (big box) retailers, and many smaller retail brick and mortar stores can’t make it anymore, and are ready to throw in the towel and file Chapter 11 bankruptcy, or just close the doors altogether. Why is this news so shocking when we know that our USA economy is in a serious recession?
There is one reason I feel that this is shocking, and it’s something that everyone who works at a job in a retail environment. Just a few days ago the news reads – Amazon posts it’s largest Holiday Season profit! What should this tell you? Several things, and here they are…
Reasons why the 2008 Holiday Retail failure is important to everyone
- It’s the brick and mortar, real storefront stores that are having a hard time making it and things are probably going to get worse.
- Online retailers are still cranking out the profits in record amounts, they are unaffected by these problems.
- Any job related to the retail industry is in trouble.
- People, in general are shopping less and less in real stores, and more and more in online environments.
I think you can see the trend here, as the real storefronts (brick and mortar stores) face disastrous consequences in recession, the online retailers and those in online business are doing just fine (thank you). Why is that important to ‘honest Joe’ on the street? Because, in my opionion, if you haven’t started to think about how you can become a part of the online business bonanza, you should be!
I have ran my own online business for over 11 years now, through tough times and good times, and I can honestly say that the profits and the ability to earn an income online is just as secure. I believe it is even more secure than most jobs in real ‘brick’ stores, or locations where you will have to worry about how every economic downturn, or upswing will affect your salary or benefits.
What are the simple things anyone can do to consider an online business?
1.) Visit Finding Your Niche Live and find out where your real strengths are.
2.) Check out this post on my blog about how anyone can start making money – with or without technical skills.
3.) Determine a “plan of action” for 2009 that includes additional online revenue streams that you can use to make your income more secure.
4.) Sign up as an affiliate of Amazon and learn how to sell Amazon products and collect some of their record profits for yourself, this could include blogging posts, reviews of products, or even setting up a basic referral page on a free service such as Google ‘Sites’.
I bet you will feel a little more secure in 2009 if you start planning any type of online income for yourself. Start doing it now, or at least thinking about it, your life will change, and you will be less affected by the crazy economic news that’s been going on.
Best of luck and to your Profit and Success,
-Brett
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