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Monday, 13 March 2017

How to use Recession to Your Advantage!!

Image result for motivate       According to thebalance.com, A recession is when the economy declines significantly for at least six months. That means there's a drop in the following five economic indicators: real GDP, income, employment, manufacturing, and retail sales. People often say a recession is when the GDP growth rate is negative for two consecutive quarters or more. But a recession can quietly begin before the quarterly Gross Domestic Product reports are out.

 That's why the National Bureau of Economic Research (NBER) measures the other four factors. That data comes out monthly. When these economic indicators decline, so will Gross Domestic Product.
The first sign of a recession is when there are several quarters of slowing but still positive growth. Often a quarter of negative growth will occur, followed by positive growth for several quarters, and then another quarter of negative growth. For more, see Definition of a Recession
A fall-off in consumer demand is normally the culprit behind slowing growth. As sales drop off, businesses stop expanding. Soon afterward they stop hiring new workers. By this time, the recession is usually underway. For more, see What Causes a Recession?
A recession is destructive. It creates wide-spread unemployment, sometimes as high as 10%. That's when it affects most people. As the unemployment rate rises, consumer purchases fall off even more.
  Businesses go bankrupt. In many recessions, people lose their homes when they can't afford the mortgage payments. Young people can't get a good job after school. That throws off their entire career. Even if the recession is short (nine months), its impact can be long-lasting.

This is the best way to use Recession to your own advantage:

1). Online Business: as the world is changing, we people have to follow the trend. My assumption is, everybody reading this will know what online business is, and if not i will list some creative and lucrative job to do online that will earn you more than you can ever imagine.
      A). FREELANCING, anybody with ambition must create value to be valued, you can start by working online on various platform with your skills and earn while you do what you love doing.

      B) AFFILIATE MARKETING: Marketing is what we do almost every time for free, why don't we take advantage of what we know how to do and make money out of it. many businesses online need marketer that will throw their business to the world, use that thousands followers to make money for yourself.
    C). BLOG/ONLINE STORE: Majority of us are online for over 20 hours everyday, chatting and cracking our brain to make our followers laugh, my best advice, get a nice platform and post something online everyday, you will make money while you still doing what you good at.

There many ways to make money in this recession, stop complaining. your ideas is good and will surely make impact both on economy and in your life.Stop complaining and start taking action

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About Syed

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He's the CEO of zaraconnect.blogspot.com He created Zarablog to enhance lifestyle. He believes everyone is a success. He is a success.

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