Global Recession Affects Blogging and Making Money Online
For more than a year, I’ve been decently making money online and my earnings have been increasing at a good rate. I have been really confident that earning through the internet has been and will continuously be stable for me. When the United States government announced a global recession in late 2008, I just smiled and told myself that there’s nothing to worry about because internet has nothing to do with any financial institution.
However, I was definitely wrong! A few weeks after that, I immediately felt the decrease in the demand for my services and earnings. Then I kept on thinking, why would the global recession affect the internet industry?
Well, here’s my simple thought about how the global recession might be affecting the making money online. In a global recession there is a drop in demand or less spending by consumers. This means that the volume of sales of companies will drop and thus decrease their profits. In order to continue earning income, prevent loss or worst, bankruptcy, companies and service providers will implement cost cutting measures. Some of these are laying off jobs, lowering production and trimming down other expenses like marketing and advertising. Internet marketing includes buying and exchanging links, creating buzz using different mediums (which includes blogs) and advertising in other high traffic websites. Cutting costs in advertising causes less money to buy links, pay for article writers, less data entry employees and other common services outsourced through the internet.
The sad truth about global recession is that all industries are affected. The only difference is that some are hit harder than the others. Despite the decrease in the demand for my services in the past weeks, I’m still thankful that I’m not one of those employees who were laid off by their companies and are left jobless. Though my earnings are no longer as good as they used to be, the global recession has taught me to spend my money wisely because no one knows when my earnings will just drop.
For now, I have to keep myself busy, work extra hard and actively look for clients who might be interested in my services. According to the news, current global recession will last around 18 months and until it’s over, we all need to keep our belts buckled tight.
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5 Comments on “Global Recession Affects Blogging and Making Money Online”
I also feel the global crisis but still, I find my earnings a lot better than the others who are directly affected by the crisis.
gud for you guys… kc for now i’m still struggling to hit $10/day.. anyway, im going there so im just keeping my fingers crossed..
It also helps to have other income streams during these difficult times. I think a lot of companies will be able to benefit from your expertise and experience in internet marketing and blogging. Good luck, man! Balitaan mo na rin lang ako about sa January 2010. Hehe.
Wow! thank you for this blog post… ive been looking for information on this topic for a while!