Bad news: Jobs market getting worse

[Natural Elements]

Employers cut more jobs from their payrolls in September and the unemployment rate hit another 26-year high, as the long-battered U.S. labor market took an unexpected turn for the worse, according to a government report Friday.

http://money.cnn.com/2009/10/02/news...ion=2009100208

[ELCaD]

Wow. I thought things were starting to improve. I know in the UK it has been announced that we are now out of a recession and things seem to be starting to get better, but the unemployment rate is ridiculously high still.

[Natural Elements]

Originally Posted by ELCaD

Wow. I thought things were starting to improve. I know in the UK it has been announced that we are now out of a recession and things seem to be starting to get better, but the unemployment rate is ridiculously high still.

The stock market is doing better but it doesn't mean that the economy is recovery, particularly when hundreds of thousands people are out of work every month.

The others getting helped from unemployment benefits have hard time to find a job and jobs available on the market are paying 50% less than they used to.

[Allen Farlow]

What's the smart thing to do in these tough economic times?

Is it look for a second job when jobs are becoming harder to find?

Is it buying gold when you don't have any money to spare?

Worry is like a rocking chair. It gives you something to do but doesn't get you anywhere...

I think the smart thing to do is to figure out how to take advantage of it, how to profit from these difficult economic times. People still have money, they just don't have as much as they used to.

Who made more money, the people digging the gold or the people who sold the gold miners the tools they needed to dig the gold?

Easy answer: the people who provided what the gold diggers and opportunity seekers needed to hopefully strike it rich. They're the only ones who were guaranteed to make money.

Only one thing has changed since the gold rush days. We now have the internet...an incredible way to get your message out to millions for almost no cost.

The way to get rich is to find out what people are dieing to get...and give it to them.

At a profit, of course.

There are ways to do that. A very simple example would be to buy gasoline at $2 per gallon, buy hundreds of thousands of gallons and store it in tanks. When the price of gas goes up and everyone is selling it for $4 a gallon, sell yours for $3 per gallon.

Believe me, once word gets out you'll sell out quick!

(A side note here: If war breaks out between the U.S. and Iran over the nuclear issue, the price of gas WILL go up. The U.S. imports billions of gallons of crude from Iran...$5 per gallon for gasoline would not be a stretch of the imagination. Food for thought?)

So what do people have to have? What do they absolutely want to get their hands on?

People are searching online more and more for ways to earn more money, and not necessarily how to make money online. There are still millions of people who don't even own a computer, and wouldn't understand how to use it to make money, but everyone knows how to do some labor or provide a service for someone else in the offline world and get paid for it...are you putting yourself in line to sell your money making how-to information to them?

Or are you letting opportunity pass you by?

Don't let yourself become like every other ordinary working class Joe out there, worrying you'll lose your job (and your main source of income) and have trouble finding another one, waiting until it's too late. Now is the time to begin creating another source of income, not when you happen to get around to it.

Find out what people want and give it to them. It really is just that simple.

If you have what everyone can't wait to get their hands on, and you sell it for the absurdly low price of just $3, and you only sell 100,000 copies of it...

yeah, that's $300,000 in your pocket, minus any costs, and with digital delivery there are almost zero costs.

The trick is getting your message in front of millions of people, to let them know you have what they are looking for and how they can get it.

Once you figure that out, you're set.

[Hades]

Originally Posted by Allen Farlow

I think the smart thing to do is to figure out how to take advantage of it, how to profit from these difficult economic times. People still have money, they just don't have as much as they used to.

There is people taking advantage of it Allen, it's those economists who can't predict what will they have for dinner but they can predict that the economy is going to get worse. It would have been useful if they predicted it before it happened.

Those experts write articles, blogs, podcasts, interviews, etc... about the exact same thing over and over again, and of course people love to read about how screwed up the world is, and they make the economists famous basically for repeating the same things.

They are getting rich that way. We keep feeding them.

[Natural Elements]

To sell 100,000 copies you must have at least 1 or 2 millions readers if your marketing rocks lol

[Allen Farlow]

Wrong. You just have to figure out what people absolutely want, what they can't wait to get their hands on.

Once you do that, it's a simple matter of letting them know you've got what they want and how they can get it.

For example, how long can you go without food? You don't offer it to people who are full, you offer it to people who are starving and have money.

And here's another thing to consider:

There isn't less money out there. It's not like a lot of the money went Poof! and disappeared.

The money just changed hands.

So follow the money if you want some of it. Stop advertising to welfare mothers (unless you are selling an info product that teaches them how to get even more free government benefits.)

[Natural Elements]

I see your point Allen, I prefer selling something to anyone that are in needs of affordable something, than just start a certain descrimination to target potential wealthy people.

That's my policy

[Natural Elements]

I have more confidence in a medium spirit than an economic expert