Three Surprising HOT Business Opportunities You Can Leverage Immediately
I disagree with this reader’s assumption. And here’s why…
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Over the years I’ve become an expert at spotting legitimate business opportunities for start-up entrepreneurs… Heck, come to think of it – my discoveries have helped hundreds of seasoned entrepreneurs too! I’m attracted to opportunities which don’t require a boatload of money, mountains of red tape or regulation, or require slew of employees to run.
Granted, some ventures need talented people to grow exponentially. But I always lean toward businesses which can easily retain freelance workers, independent contractors, and/or use world-class outsourcing.
What’s more, I like businesses with growth and upside potential. In other words, I like businesses that can be started small and have the potential to grow large.
One of the reasons my businesses (and those of my clients) are doing so well in the current economy is because I’ve always approached business from a “recession” state of mind. In other words, I’ve always “pretended” to be in an economic crisis. I probably developed this “neurosis” by doing business over the last 29 years in every conceivable market, economy and condition.
Interestingly….I began to see how the economy, financial markets, and business are subject to abrupt changes… often without warning.
And so I’m super-cautious about being “over-extended” with overhead expenses, debt, inventory, red tape or lazy, expensive employees when the carpet is pulled out from beneath me!
A couple of years ago one of my consulting clients acted on my advice. My client, H.G., dramatically reduced his business debt, unloaded highly-leveraged real estate, and slashed his payroll (lazy employees) by more than 30%. H.G. also committed to improving direct marketing and advertising copy.
Today, my client is a “happy camper” and doing extremely well. In fact, he’s one of the few companies in their market who realized a net profit in 2010.
Another advantage to not being “over-extended” in a recession is this… Most entrepreneurs are unable (or unwilling) to reduce expenses until it’s too late.
One of the hardest things to do in business is cut expenses and lower prices customers pay in a recession…let alone in a DEPRESSION. Most businesses bite the dust.
On top of that, most entrepreneurs tend to spend much more than they actually make. In other words, most entrepreneurs are not frugal and it becomes obvious when times are tough. In business, I’m passionate about cutting costs, reducing overhead, and finding ways to improve marketing, even when a business is doing well.
The end result, or benefit, is when an economy tanks (and it always does), or if something cataclysmic occurs (like a lawsuit or products/services become obsolete), business owners will be in a better position to weather the storm.
Anyway, I’m reaping the benefits (and so are my consulting clients) by preparing ahead of time – and by having a “recession” state of mind. This isn’t being negative. It’s about living in the real world of business, finance and money.
I hope the subscriber writing to me is willing to learn how to prosper in difficult times because The League of Power is packed with practical insight and expertise on the subject. The business opportunities this week can be launched (and run profitably) in a recession and a Depression.
So let’s get to it!
A Dollar and a Dream
“A dollar and a dream”… This was the famous ad slogan for the NY lottery several years back.
The lottery is a brilliant business. Your chances of winning are virtually zero. But hey… It’s only a buck!
Well what if you could get hundreds, thousands, or even a million people to give you one lousy dollar just like the lottery? That’s exactly what’s happening here:
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I’ve identified 3opportunities and sectors which should perform well no matter what happens to the economy or financial markets. I typically focus on ONE IDEA or business each week….think of this week’s article as a special bonus (no charge!). In order to find to the truth about what’s really going on, and how to prosper in difficult times, we need to dig a little deeper. This week’s issue is about leveraging opportunities in difficult times.
Every Crisis Presents Opportunities
Bill Bartman made a fortune in the last recession and in the current depression buying and converting bad debt into good (Google his name for details – his latest book is pretty good too).
The global economy is in serious trouble. The U.S., Canada, Mexico and Europe have been hit especially hard. But in this fiasco we’ll find incredible opportunities for entrepreneurs of every shape and size all over the place.
My daughter, who is 16 years old, was complaining recently about not having enough money for a new iPhone. And so my daughter started a small Web-based business. She earns money on her site with Google AdSense…but she wants to earn more (what’s new!).
I showed my daughter how to make an extra $70 a week working a couple of hours doing something she loves (working with animals). Now remember…..we’re in a depression. I thought nobody has any money to spend.
But it’s amazing how much money people spend when it comes to their pets! Anyway, my daughter is walking dogs (and cats) for owners who don’t have the time to do it, or because they just want their pets to enjoy other people and pets.
My daughter loves animals, especially Pomeranian dogs.
Best of all, she loves the idea of getting paid to walk dogs.
It only took a couple of minutes to start her business. Forget about all the paperwork, logos, business cards, computers, and spreadsheets and just get busy closing a sale.
My daughter developed two banner ads for a popular local websites. This took about an hour. I committed $50 to advertising her business (with the banner ads) on the site for 30 days.
I predicated my daughter would receive six calls or e-mail inquires in the first week of her business – if “The King of Business Opportunities” wrote the ad copy!
I’ll keep you posted on the results.
I’m confident my daughter will do extremely well walking dogs (and cats) if she does three things:
1) Focuses on one customer at a time
2) Provide a loving, caring service – and ALWAYS be prompt
2) Use direct marketing utilizing powerful ad copy
4) Closes sales (and always get written or video testimonials from clients)
If my daughter charges $20 per week for two 30-minute walks per customer, she’ll clear $80 per month. If she has three clients (which shouldn’t be difficult in a town of 7,000 people) she’ll make $240 per month. $240 per month divided by 4 weeks = $60 per week.
The point is: Every crisis presents opportunities.
People do not like to see their pets suffer. Economic cycles like recessions and depressions are irrelevant. Look, I realize most of you will not be interested in a dog walking business!
Let’s get to this week’s opportunities!
These opportunities should perform well in the current economy. Most of the businesses do not require a boatload of money to start. In addition, most of them have low fixed expenses and overhead too.
If you think that’s great, then you’ll love this…
Some of the businesses can be run from anywhere in the world where there’s Internet access, a telephone and/or satellite communications.
Hot Opportunity #1
Internet Direct Response
Despite of the world financial crisis Internet shopping and sales has rebounded in a big way. In fact, Internet ecommerce is at record levels and continues to climb.
Internet direct response businesses which offer high demand products at fair prices (and free shipping) are doing well – even in the current downturn.
Internet direct response includes selling products on eBay, Bing, Buy.com, Amazon.com and other high traffic shopping sites. But there are some little-known tactics and strategies almost no one knows about…until now.
Digital products are a hot rising trend too. This market includes ebooks, tutorials, software, and Kindle books. ClickBank.com is the largest digital marketplace on the Internet, and growing.
Hot Opportunity #2
Commodity Futures and Forex Trading (especially energy, agriculture, precious metals and currencies)
Futures and Forex trading is one of the great “laptop liberating” businesses. You can run this business from practically anywhere in the world!
The futures and Forex markets are not dependent on a vibrant economy. Trillions of dollars are traded electronically every day…no matter what happens to the Pound, Euro or Dollar!
Granted, there is substantial downside risk trading Futures and Forex contracts, don’t kid yourself. But you can reduce your risk and exposure like a professional.
You can start trading some markets for an initial investment of $5000 – and some brokerages offer accounts for $2500 ($1,000 for Forex).
On top of that, you can “practice” or “paper trade” before risking a dime too! Check out a new $50,000 Forex Trading “Practice” Account.
Hot Opportunity #3
Writing, sales, consulting, programming, marketing, SEO and more… Experts are calling it the Freelance Decade, and for good reason.
Millions of people around the world are getting fired every month. The way to make a stable, dependable income is to go freelance.
Heck….I’ll even show you how to submit winning freelance proposals to companies laying people off!
There are an abundance of freelance opportunities in practically every field and profession. Freelance websites like Guru.com, eLance.com and CraigsList are among the top traffic sites on the Internet.
The economy, financial markets, and business are subject to abrupt changes… usually without warning. But with abrupt changes, like economic uncertainty, amazing opportunities have a way of opening up.
I’ve outlined three areas and markets which are hot rising trends and should perform well in the current depression.
I’m always open to feedback! Post your thoughts on the League of Power Forum, or drop me an email [email protected].
Your humble host,
(Ed Note: Marc Charles is referred to as “The King of Business Opportunities” ….and for good reason. He should be known as “The King of Legitimate Business Opportunities”…because he’s launched, bought, sold reviewed and advised on hundreds of businesses and money making opportunities. He understands legitimate opportunities. Marc has agreed supply League of Power members with crucial updates regarding legitimate business and money making opportunities.)
***** Action Strategy *****
Which of the three cash cure businesses or markets interest you the most?
Okay….take a small action today to make it a reality.
Open a Clickbank account (it’s free).
Open a trading or Forex account (it’s not free but you don’t need a lot of money)
Open an account at Guru.com and start freelancing your talents (it’s also free)
Action is a cash cure too!
Have fun and play nice.
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