economic crisis charts
economic crisis charts
‘Current’ Income Vs ‘Residual’ Income In Mlm, Network Marketing & Home Based Businesses In 2009
A few years back before the economic crisis really began to weigh down on people, the emphasis and main selling point of many internet and home based businesses was the promise of ‘residual’ income.
But as we brace ourselves for the onslaught of the damp economic climate still ahead, the sentiment amongst many entrepreneurs and potential entrepreneurs is leaning heavily towards a ‘current’ income to supplement a decline in their overall household income. And this includes mlm, direct marketing and small business owners
Given this element of immediacy, there is a great need to address a growing demand in the market place for ‘current’, disposable income, as families are dealing with a reduced household income
Huge waves of people scathed by the economic downturn are on a hunt for entrepreneurial, home based business opportunities to generate a new source of income. Hundreds of thousands swarm the internet weekly in search of a way to bring in extra cash as they face with very tight budgets constraints
As economics would dictate; with the growing demand, more and more new business opportunities are popping up. Some worthy of mention but many are ‘fly by night’ operations guaranteed to flop within a year. Many unsuspecting new entrepreneurs get sucked into these schemes by the promise of generating immediate profits. So there will be harsh lessons to learn
It would take learning new skills and methods of marketing to give entrepreneurs the winning edge in 2009. The old school of network marketing has become an obsolete dinosaur, yet many companies still teach their distributors only these methods. And we still have veteran networkers, grappling, not only with a changing market place in lieu of new technology; but a new wave of entrepreneurs solely driven by the growing need to generate ‘current’ income
Serious and seasoned businesses will have to take a closer look at their compensation plans and address the need to deliver higher ‘current’ incomes to be able to attract more new business builders. And we are seeing a trend towards, more upfront, immediate incentives to stay competitive from network marketing companies
2009 and 2010 will be a steep learning curve for many entrepreneurs and internet marketers as they make tough and tougher decisions to stay profitable and where the financial rewards outweigh the cost of doing business and the efforts involved in getting business done
Nadira Haniff is Creator of the famed 180DaysToGreatness TM Coaching Program and Founder of the new Squad2009 Marketing BootcampTM. Dubbed ‘The Terminator’ for never leaving any stones unturned! And ‘Queen of the Leaderboard’ as a master recruiter! She has earned hundreds of thousands of dollars in network marketing and has topped the Canadian charts as a master salesperson in the financial sector. Specializing in moving people to action with cutting edge 2009 marketing & revenue models, powerful words, riveted action and a strong will to win, ‘Together We Are UNSTOPPABLE!’ is her slogan
Nadira is a highly successful, savvy entrepreneur, author, coach and inspirational speaker
Get a FREE edition of ‘2009 Survival Of The Fittest Entrepreneur’
Her latest project ExplosiveTeleseminars.com is a 90 minute, profit formula online seminar which delivers a rock solid business game plan and marketing tactics in a riveting session of pure, hard core strategies and implementation of cutting edge 2009 marketing.
About the Author
Nadira Haniff is Creator of the famed 180DaysToGreatness TM Coaching Program And Founder of Squad2009 Marketing BootcampTM.Dubbed ‘The Terminator’ for never leaving any stones unturned! And ‘Queen of the Leaderboard’ as a master recruiter!Moving people to action with powerful words, riveted action and a strong will to win. “Together We Are UNSTOPPABLE!” is her slogan Nadira is a top notch, savvy entrepreneur, author, coach and inspirational speaker Get Her Free Copy of “2009 Survival Of The Fittest Entrepreneur”
The US dollar is fluctuating – should I take out more money now?
http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=NOK&submit=Convert
^$ and -, chart
I am in Norway, as an American exchange student, and will be here another month. I’ve been taking out money form an ATM every 1, 2 weeks. I’m trying to take out money when our dollar is high compared to the kroner, and even though I’m fine on cash right now, does it seem like I should take money out or will it keep going up?
Over the next month, what do you predict the course of the dollar in comparison to the kroner will be? I think the Norwegian economy has suddenly been hit by the crisis as well, hence the rising dollar, but I don’t really understand most of the economic trouble.
As ‘you have noticed the US dollar has been shored up with the financial bank crisis. The US dollar should continue to strengthen. It will fluctuate day to day, but should be on an upward trend. My suggestion, if you are withdrawing money and the money is up, take a little more than you need. Next time you go back it may be a down day, wait a while and it should recover. Banks around the world are failing, and people are returning to the USA for safe investments. That inflates the US dollar. Good luck.
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