Friday, October 10, 2008

Home Business Tips

Home Business Tips - What Has the Economy Done in Your Business?

Let's be honest. Times are tough. The economy is in the worst shape it's been in since the Great Depression. And for those who think that shouldn't be capitalized, do some reading on your history. It was a horrible time. And it looks like we're in for another go round shortly. Are you prepared? Have you already seen a severe drop in your business? If so, you may want to read this article. It's going to give you some straight dope on your chances of survival.

In times of economic stress, the first things that go are the luxuries. People start to do without some of those items that they can live without, if it means the choice between that and putting food on the table. Nobody likes to starve. So, in bad economic times, you have to look at your business and see if what you are offering is something that people will still want to have even when times are bad. Some of the things that still sell well would surprise you.

The things that really don't get affected much are the vices in life. You know, smoking, drinking, gambling, stuff like that. Why? Well, think about it. They are all addictive things. See how easy a time you have trying to get a smoker to quit. Of course there is the other end of the spectrum. I'm talking about the smokers who would love to quit and would do anything to stop. In that case, stop smoking products also sell very well all year round. And in times of economic stress...even better.

You're probably wondering why. Well, the answer is very simple. Cigarettes are expensive. Have you ever seen what a pack sells for these days? Around where I live, it's something like $5 a pack. That's crazy. So a smoker who can give up smoking is going to save himself a lot of money. So, if you have a stop smoking product, you're still going to do quite well.

Bottom line is this. If your business isn't centered around selling a product that people really need and want, you're not going to have much success with it, in good times or bad.
To YOUR Success, Steven Wagenheim

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