So I turn on CNN today and I see that shit is really starting to hit the fan with the US economy. They are talking about the biggest bank closure in history happening last night, and possibly more to come. Now they are talking about bailout plans... No wonder sales have been so inconsistent and for the most part complete crap this month for a lot of affiliates and publishers. What is your take on this? Obviously this will kill some niches but then again, some niches will prosper.
I believe it has an effect, but I believe that effect would be consistent. It seems like the days go good, bad, good, bad, etc. Besides, this is a problem with banks running out of credit because they have too many defaulted loans and houses that aren't selling for much. To the average Joe, they still have their money and the problem they have is that they can't get financing for a mortgage, which should be good for us lol. They can spend their money on products, instead of down payments.
Honestly, you would think the "make money online" niche would be going nuts right now in sales.....Since some people's jobs are threatened by the state of the economy, I would think more and more people would be seeking other alternatives, should they really lose their job.
The economy will ALWAYS have it's up's and down's just like EVERY business. It's a cycle....things go up and down...just how life works. Nothing is going to have perfect steady results. I'm still young though and I think this is going to start a huge economic opportunity in the future. When the market DOES turn around. 6 months? a year? 3 years? I do not know but when it does, this economy is going have a period of rapid growth and opportunity. In the meantime though, we will continue to pay 4 bucks a gallon for gas : )
Unfortunately this isn't some economic cycle, this is one of those once in a generation (25years) kind of thing. Things will be looking up when the market corrects itself. I hear mid 2009 or even into the fall 2009.
But other than fear created by the news media, how many people are actually affected by this situation. I think it is hype mostly. The keep saying its like the Great Depression, ohh except Unemployment is 5% versus 30% + in the 1930's. Give me a fuckin break.
Yes, corporate America is dying, and yes people are losing their jobs. However, as said before the average Joes still have their money. The lower and middle class that still have jobs, which in my area is most of them, and have money to spend. Right now is really a buyers market. The only real impact here has been energy costs.
I agree with ScoTech, Our unemployment is no where near the % during the great depression. Yes fuel cost more, and corn is higher making most food products cost a bit more, but overall impact for me and my family, and friends it is very little. I do not own countless thousands in any of these financial institutions, therefore really does not bother me. Not to mention I was not one of these fools who bought a home with 0 down and an ARM, oh and worth 900,000.00 while only making 50,000.00 a year . I bought the house I could afford I put 10% down and chose a higher but fixed rate. I feel that this crisis was preventable, only if banks would have stood by their guidelines for issuing credit. Would you loan money to someone that did not have the money to pay you back, No you would not. So why in the hell did the banks do it? I will tell you why, Government pressure (fairness doctrine) and stupidity... Just my 2 cents......
It certainly is not a good time at the moment and we are on uncharted waters but we will come through it but the worrying thing is how long will it last and it must have some impact with online revenue !!!
I think it does have a major effect, my sales have been a little lower lately, and I promote mainly with CJ.com. I had to go into my landing page, and do some light testing to get it up. There's always going to be people who can buy, but now's definitely the time to start pinching your pennies and start doing some heavy testing. And for those who don't read the news. WAMU Got Bought Out by JPMorgan! So that's more ATMs for you chase bankers!.. Don't Give Up! Keep Testing, and then when your done with that. Test some more, and then after that... well, you get the point. Vene
My sales are better than ever and I don't sell in "make money online" niches. My only fear is that most Clickbank sales are made to US residents so not diversified.
i think it might be a little quieter for a bit while all the media scaremongering goes on ... all the headlines saying "you'll lose your job" ... the fact is, if people kept spending normally the economy would keep going ... it's only when people stop spending that the economy starts to slow down ... you stop buying your subway each night, suddenly they don't need as many subway people, subway guy stops buying your widgets, and so on and so on and it spirals down .... once people realise that they are safe, things should normalise a bit ... one hopes ...
They will NEVER feel safe. freaking george bush telling you americans that your country is going into fianncial crisis and that the only way to save the economy is to invest $700,000,000,000 into PRIVATE cooperations. people are holding their money. The only thing I can see somewhat selling is making money products, which many will be in need of. May g-d bless America and the World. Its going to be a tough ride... lets hope we'll come out alive Roy.
The $700 billion rescue package isn't a bad idea... it is just the way the plan was laid out that doesn't make it anywhere near attractive for taxpayers to feel easy about it. Instead of simply buying the toxic debt (at almost full value), the US government should have been looking to buy it at a reduced rate (at least 20% or so below full value). In addition, as part of buying the debt they should also acquire shares in the companies they are buying the debt from. In this sense, the $700billion bailout is shared between the corporations, taxpayers and existing shareholders and enables a larger amount of the debt to have a chance to be repaid in the long-term. The biggest problem with any private firm is the practice of rewarding people for failure - a massive bonus is a great incentive to close sales or make certain trades... but it doesn't help in the long-term and appears more similar to how Enron operated than how a financially astute corporation should operate.
I've had pretty consistent sales in general, but after the 10th It's been very inconsitent, I just don't get it, traffic is pretty much the same, for example this is the revenue I had the past few days. 3 days ago, 4 sales = 130$ 2 Days ago, 2 sales = 65$ 1 Day ago, 0 sales = 0$ I haven't checked my CB account yet today. But I don't get what's happening. It's been inconsistent like this for the past 2 weeks.
The dollar collapse will accelerate after the "bail out" is passed. Anyone holding cash or real estate will be wiped out. Civil order will breakdown and the government will implement martial law. The super rich have already left the country, converted their dollars/real estate to gold.
This is true. Anyone who can NOT see this needs to do some searching. This is not any conspiracy talk. Martial Law will be in effect, if you do not think they are getting ready for this then look at the portable jail's they are getting ready to setup. Be ready to have at least 2 month of supplies during when they switch over from the dollar to the amero when the NAU is official and USA / CA / MX will all be open. If you do not think this is true look up the I-35 Corridor and how they have been getting that road ready. Then goto city-data and go to the local forum, then post and ask the locals of the surrounding city's and read for yourself. Everyone in the states needs to be ready. Buy up silver and other metals, as no matter what you can always use that to barter. Just my 2cc's