Ways To Make Money In The Recession

September 2nd, 2010

Jobs are being lost by the tens of thousands over 500000 jobs lost in the US alone last month.nbsp; Is this the time to get depressed?nbsp; HELL NO!!!nbsp; This is the time to seek out the opportunities that are in front of us.

Wherever there is chaos there are opportunities!nbsp; Its time to stand up and look around to see things that you may not have seen yesterday.nbsp; Where are the opportunities today?nbsp; What will be the opportunities tomorrow?nbsp; I believe that today more than every globalization is very relevant.nbsp; With the right strategy technology strategic relationships you can do practically anything.nbsp;

So what are some of the things that you can do today?

Start your own social networking site that targets a specific niche and monetize it.nbsp; This is very inexpensive to do and can be completely managed from home.nbsp; All you need is internet access.nbsp; We have seen Myspace Facebook Youtube Xing Linkedin and others grow from zero to millions of users within a few months.nbsp; They have grown from 0 to hundreds of millions of dollars in months as well.nbsp; Could you own a site like this?nbsp; Of course why not?nbsp; For only a few dollars you can have an entire site like this within a few minutes.nbsp; Just visit www.rsitez.com for details.

So why do I recommend that you have your own social networking site?nbsp; Because its very low cost easy to manage can be done from home easy to monetize and all you need to do is get people to join the site.nbsp; You can have a free site that sells ads; a membership payment site that you charge others to join; or a site that you sell items.nbsp; There are many other ways to monetize social networking sites but these are the 3 most common ways.

nbsp;Lets talk a little about the difference in these monetization options.

Ads Sales ndash; Advertisers are always trying to find new places to advertise their products.nbsp; Clearly online advertising is putting newspapers and magazines out of business everywhere.nbsp; Its less expensive have a quicker turnaround time and more targeted than the way your dad used to advertise.nbsp; You dont need to have a Myspace with over a hundred million members to sell ads.nbsp; All you need is a very targeted niche site.nbsp; So lets assume that youre a stayathome mom and you want to build a network of moms.nbsp; And lets say that you can attract a lot of the moms in your town.nbsp; All of a sudden you can now go to the grocery store the bakery the day care the gym the dentist and all the places you normally go and offer them the opportunity to advertise on your site.nbsp; You can set whatever price you like for your ads.nbsp; The main idea here however is that you have a targeted audience of moms in your town that people will want to reach.nbsp; This concept is the same for virtually any affinity group professions interest etc.nbsp; Here are some ideas.nbsp; Social networking site for painters musicians firemen police teachers snowboarders travellers etc.nbsp; There is virtually no limit here.nbsp; Try to find something that you have a genuine interest in and imagine that others will to.nbsp; Your main job will be to attract these individuals to your site and create value or opportunities for them.

Membership Income ndash; Some sites will have to be free while others will be able to charge a membership fee.nbsp; This depends on the value of the content of the site.nbsp; Example: a hangout for teens will probably have to be free.nbsp; However a site that focus on teaching someone how to invest how to speak French or how to add some value to their life may charge some fee that the site visitors will gladly pay.nbsp; Why?nbsp; Because the cost savings and value added by the content is apparent.nbsp; Here are some examples: A site where you help employers recruit top talent; a site where you help people navigate through the financial crisis with proven investment strategies; a site where you provide strategies for lasting relationships; a site where you help someone find that perfect mate.nbsp; These sites will need to be credible and will need to provide the value advertised but once established these sites could become very good cash machines.nbsp; This is a great way to make money because you can often charge a subscription fee for these sites payable monthly yearly etc.nbsp; The fee will be based on the value you provide.nbsp; However you only need 1000 members paying 10 per month to make 10000 per month with this method.nbsp; Thats a six figure salary from working at home.

Selling online ndash; Whats great about this method is that you already have your members online and you know what they like ndash; if you have an affinity niche social networking site.nbsp; So lets say that you have a site that targets football fans you have an online store with the site.nbsp; Guess what you sell? Thats right football memorabilia and other related stuff.nbsp; Tshirts calendars balls game tickets etc.nbsp; This could be on a local level ndash; the college team U of M University of Money a national team or just football fans overall.nbsp; But where do you get this stuff to sell?nbsp; You can partner with the local merchant take photos of the items upload the photos and description collect the orders with your site and have the merchant fulfil the orders.nbsp; Basically members would be able to order the products on your site your automic notification system will email the orders to the merchant the merchant ships the products to the customer.nbsp; nbsp;nbsp;You take a percentage of the sales thank you sir for doing practically nothing manufacturing nothing warehousing nothing.nbsp; Another option is to use amazon.com or amazon.co.uk.nbsp; These guys now sell practically anything you can imagine ndash; and they do all the warehousing and fulfilment as well.nbsp; However the main idea here is that you get a piece of every sale for simply having a site that you can attract a group of people who likes to do what you like to do anyway.

It must be obvious by now where Im going with this.nbsp; But here it is.nbsp; You can actually do all the above with your social networking site at the same time.nbsp; You can have a targeted niche group that you collect membership fees from you can sell ads on the site and have an online store as well ndash; all on the same site.nbsp; That what we call a threefer.nbsp;

So this is only a small sample of what you can do today to make money online without even leaving your house.

You can learn more about creating your own social networking site at www.rsitez.com and dont forget to be bold.nbsp; Remember the opportunities are there but its up to you to find them and to take action today

About the writer:nbsp;nbsp;Rohan Hall is the author of Stop Working a book that teaches entrepreneurs how to use technology globalization and networks to build a global business. His clients include HP Corning Oracle Honda and various other Fortune 500 companies. He is also the CEO of rSitez Inc. a technology firm that helps entrepreneurs create revenue with social networking sites.
Visit : Social Network Software rSitez