In these tough financial times, Internet marketing could be one of the few jobs that is recession proof. I made the case in one of my last posts that IM might be considered one of the highest paying careers because there is really no ceiling on what you can make. It is hard to make money online but some of those who are good at it make well into six figures and some make more than a million a year. (not me though as I am still a working stiff and probably always will be)
It would depend on what type of online business model you have but one where you make tons of websites and hope to make a little from each one seems to me the type of strategy that would do well in a recession. You see, there is no limit to the amount of sites a person can have and if you have the time, patience, and skill to keep making more, you should be able to make more money even if what you make per site goes down.
If you have a brick and morter store on the corner, you are limited to what you can do to get more customers into your store. You can do all sorts of advertising and if you have the money you can build new stores. But if your sales are going down per store, building more is too risky.
With Internet marketing, each new “store” is really a blog or website which you can buy for under $10.00. All you have to get is the domain name and then it costs that same $10.00 or so per year. You can even build new blogs for free if you want using Blogger, HubPages, Squidoo lenses, or something similar. So, even if your earnings are going down per site, you can build more for little cost.
I’ve read of some people having over 500 sites and I guess it can be kind of addicting once you get started. If you like making new websites then it is easy to get caught up in the thrill of making new ones all the time. So, if you have 500 sites and your income starts going down because of the economy, just build another 500 sites to boost your earnings back up!