This past week some of the Share Results team members and I were reflecting on the recession of the early 90s. Those were definitely tough times, because as with any economic downturn items from gas to designer clothes to gourmet food become less important. Recent articles online have been advising that it is possible to recession-proof your income and even start a business during difficult times. Media broadcasting stalwart MSNBC has made the strongest case of all, pointing to creating an online business as a way to maintain an income through a recession.
Obviously our opinion is biased here, but we have to agree with MSNBC. While affiliate marketing is not immune to economic downturns, we do have to say that it is a great,unique channel for even a novice to affiliate marketing to earn income. Here are some statistics that relay just how profitable this is:
Coupon website RetailMeNot.com reports that 22 percent of shoppers recently polled say they do as much shopping as possible online.
A total of 85% of consumers will use online tools or sites to search for online shopping deals.
Clearly, online shopping is a major part of the retail market. You’re probably wondering where one begins should they plan on starting an online venture. Well you can get ideas from a variety of places. Take The Wall Street Journal for instance. They recently published an article called “Five Businesses to Start in a Bad Economy”. Among some of the creative industries they suggest entrepreneurs pursue are eco-friendly and automotive repair. While WSJ is referring to offline opportunities, there is no reason why you can’t take these offline business ideas and bring them online. Our merchants such as 4OffSets and GoBio have been popular with the eco-friendly crowd online. Even Paper.com’s recyclable paper products have been an option for online eco-friendly retailers.
The other thing to remember is that you have to fill a void. In downtimes like ours, categories like health are always of importance to people. Recently brands like American Medical ID (available in the US, Canada and UK) and Insulite Labs (a company that specializes in insulin resistance) have attracted the interest of affiliates who want to cater to online shoppers who are making health a priority.
Here are a few more suggestions for online business niches you can pursue:
1. Online Fitness Communities
Gym memberships can be quite expensive, so unless they are offering discounts to potential customers, it may be a good idea to promote working out at home with gym equipment. Our client beYOU.tv is an excellent source for anyone who wants to work out in the privacy of their own home.
2. Insurance Deals
Anyone with a home or a car will be looking online for the most affordable insurance they can find. QuoteWizard is one example of a merchant that can help online users fill that void. They offer a one-stop destination for the best top auto, home, renter’s insurance offers and more.
3. Savings for Mommies
There are many hardworking married and single moms out there who are trying to make ends meet. Therefore, savings and freebie sites geared to moms are an excellent opportunities to help them out. A brand like Planning Family offers free sample products to new and expectant parents. Maternity Advantage is equally popular with this audience because they have helped parents with newborns save upwards of 65% on their pregnancy-related expenses.
There are plenty more business opportunities available online for anyone who doesn’t want their future to be dictated by interest rates and the stock market. You really just have to go out there on the web and search for those new prospects carefully.
ShareResults’ blog has plenty of useful information to help you get started if you’re looking into becoming an affiliate for the first time. Use our “Search” box to the top right of this page, type in some keywords, and voila, you can find topics that may be of interest. In the meantime, keep a look out on our blog for more advice concerning making a profit online. Also, feel free to send us an email with any inquiries you may have about getting your online business off the ground.
Excerpt from:
Making a Profit Online during a Recession
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