Hey, we all know that the US economy recession is only getting worse and it has affected the Europe and Asia market as well. At the moment, it seems everyone's talking about the economy, bailout, etc. Internet world itself, I think personally, has not been really affected yet, but it will. Definitely. What do you think about it? We all know that US and UK consumers are the biggest spenders on the market. But during the recession, obviously they will control their budget and spend less. Most of my income also came from US, UK, and Canada market. But I wonder, how long can I maintain my profit? During the last one month, actually my income has been growing rapidly, but that's because my traffic grows as well. However, I'm afraid I will lose most of it in the upcoming years if I do nothing about it (i mean, if I just targeting the US and UK traffic). I thought trying to make money from new traffic sources (not from US & UK) would be better. The problem is, they are type of people that do not buy. I had one site that most of its visitors came from other sources, like from southeast Asia. They are just looking and if you try to sell products to them, their conversion rate would be much less compared to US and UK traffic. I'm not sure though because I never created a non-English site. My questions are: -What do you think will happen to your sites during the recession era? -What will you do to improve or at least maintain your earnings, especially since you know that US and UK visitors will spend less. -If,for example, you try to target China or Russia visitors, how you will do it? You can't speak their languages, most of them prefer to speak their own languages, and their conversion rate is sux, then what to do?
Just go on business as usual. When the economy is slow it is the best time to grab market share as competitors will scale down on their advertising budget.
I think some businesses definitely need to adapt to these changes. As far as online, it would be capitalizing the market, when most are running away from it . I don't think there will be too many changes as far as the sites I am in. Perhaps adsense will have less ad posters though. Reach out to other audiences that could also be potentially interested. Hah, umm.. probably a Chinese to English language translator, found free online. But even then there will still be confusion. That's a good question
well i think this is just an excuse for them to raise the taxes and gas but o well this only happens like every 50 years.....
your competitors will scale down their ad budget because they know people will spend less. You advertise more when they advertise less?
I am expecting business to get better on the internet. with the gas prices many people are turning to home based businesses.
you are right but people will spend less. I mean, for example you're selling jewelry on internet. Where are the customers? Normal people, right? These normal people wouldn't want to spend their money too much now for jewelries then you'll still lose your profit. My point is not about people use internet more often but they spend LESS on online goods as well as offline goods.
1.It will gain more traffic and profit compare to usual time 2.Since my traffic and earning is growing,so i no need do anything 3.I will hire a Chinese speaking webmaster to deal with them coz i know china market is huge enough to tap
I agree. Perhaps Asian language sites with Adsense ads could be a good diversification. No doubt, translation rates will go up..... I'm trying to think - what sales will actually go up or still be strong, even in a recession......I am lucky that I am in health niches where buyers are desperate for a cure - hopefully there will be little change there. Luxuries are bad - unless you are aiming at the super high-end (millionaires) then they will suffer. I would like to get into debt consolidation niche but it is so competitive and abused. Reminds me of the mesothelioma niche or keywords like "dui lawyer" that every man and his dog have already abused. Here is an interesting link: http://en.wikipedia.org/wiki/Recession-proof_industries
There are still a ton of ways to make money during a bad economy. For example certain lead generation offers can make good money in a bad economy; Pay day loans, Credit Repair, Biz Opps, Dieting, and dating all work well in bad economies.
I think if you can survive right now, you'll have much less competition and be better off in the long run. For me personally, I think advertising will dry up a little, but after getting through the next couple of years i'll be much better off.
How to find them? Is it better to learn the language yourself? you'll not limit yourself, right? actually I make money mostly through diet offers but I think people will spend less, they will be much wiser where to spend their money. I mean, they probably will say, "hey I must save my money to buy enough foods and pay my bills", so maybe they won't spend too much money on just diet offers.
I'll just keep on doing what I'm doing now, and hope that I get less competition as others become frustrated and give up. On one of my sites I get a lot of people overseas interested enough to translate it anyway, and sometimes they'll end up making a purchase. Hopefully that will continue as well.
You and some other webmasters said you hope that your competitors will spend less on ad budget or they will end up getting frustrated. But if your competitors do so, it must be because of something! Why they become frustrated? For no reason? Of course not. They could be frustrated because they get less money. And how could you think you will get more while they get less? Okay, you get more traffic but what's the point if they don't buy? Okay, you monetize your site through advertisement, but how if the advertisers spend less, of course you will get less money in other words, right? Well, i also had a site (already sold it) that has plenty of visitors from southeast Asia and eastern Europe. Yes, sometimes they use Google translate by themselves to visit my site and sometimes they bought the affiliate product. But the conversion rate, compared to US & UK traffic, is still much less. So even if you think they will still constantly buy your product, but in overall, you will lose much, right? (because your earning from US traffic will be less, meanwhile your earning from overseas traffic is not really much). Then how do you think you can maintain your earning?
You just have to be more picky with your niches and think like someone on a budget. I would think alot of stay at home type stuff would increase in popularity like MMO lol.
you're right. But why you don't try to tap into the other markets? Why insist on getting something profitable from US market? Beside loan and make money online stuffs, is there any really profitable niches left? I mean, US economy recession has brought down the other top countries, I know. But in long run, I think some countries like China, Brazil, or India might be more profitable than US traffic. Anyone ever think of getting more profit from the other countries? Not just US? If you have been doing so, how about their conversion rate, still sux? How to really tap into their markets?
hi, i dont think many online businesses will get effected apart from those that literally sell products online.
how you can be so sure? Of course it'll get affected, just like any other businesses. Everything get affected.
Well you are forgetting at least two counties that speak english. Most people think the US and UK are the only two that have English. Here are a few more countries that speak english and you could include them in your market: Ireland (just accross the water from the UK and also speak english) Malta New Zealand Canada The Philippines Austraila South Africa Singapore (large amount of english speakers there) Grenada Hong Kong Guernsey Germany (44% of germany speak english) Netherland (77% speak English) So target these as well as the UK and USA and you already are targeting countries your competition have probably "forgotten" or not aware of