Five Ways to Make Money Online During a Recession
One way to make money online during a recession is to sell recession-proof items on eBay. During a recession, people reduce their spending on entertainment, dining in restaurants, and travel. People live more frugally watching DVDs at home rather than going to the movies. They cook at home rather than going out to restaurants. Focus on items such as kitchen gadgets, home canning supplies, and barbecue tools. Sell family entertainment items used in the home such as board games, sporting goods, craft kits, and video games.
Sell recession-proof books on Amazon. Books that address surviving economic downturn, saving money, living on a budget, home business, or entrepreneurship are good sellers. There is no fee to list an item on Amazon and you don’t pay any fees until the item sells. Check around your home for books of this nature, look at thrift stores, and shop for these types of books at garage sales where you can buy them cheaply.
Sell information products that address saving money, living frugally, and do-it-yourself projects. During a recession, people are interested in how to stretch their dollar further and avoid excess spending. You can find information products to sell on sites like ClickBank and e-Junkie. Add these products to your blog or website and earn affiliate income selling them. You can also sell information products on eBay. (They must be delivered via snail mail on a CD.)
If you have expertise in a particular area that relates to saving money or living frugally, create your own information product. You can write an eBook about how to reduce your family’s food bill, how to start an organic garden, or how to shop at thrift stores for clothing. Use your imagination! You may have information that others are looking for.
Start a blog that addresses re-purposing items, living on a budget, or turning trash into cash. During economic down times, people seek innovative ways to save money and make the most of what they already have. If you have knowledge about how to help others stretch their dollar, share it on a blog. You can also monetize your blog with Google AdSense and other related affiliate products. Position yourself as a leader and a mentor and help others learn how to survive the recession.
A recession can be an opportunity to make money if you sell items in the right niche. You also may have items in your home right now that have value on eBay and Amazon. Click here to download a free copy of my book, “The Stay at Home Mom’s Guide to Successful eBay Selling.”