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5 Rules to Follow When Launching an Online Home Business During an Economic Downturn
#2 Give Your Customers or Clients What They’re Missing Most These Days — Social Connection
Believe it or not, the internet has allowed just about anybody to start their own online home business — and there’s no better time than now, especially during an economic shift.
It was Michael Loeb, founder and CEO of Loeb.nyc, who said,
“Moments like these are like forest fires. The blaze will cripple some businesses, but they will also provide the heat to release new seeds into the soil. Many amazing companies have been born from the ashes of economic downturns and market crashes.”
Moreover, it has been said in business circles that most businesses fail within the first three years — but that mainly refers to brick-and-mortar type businesses. Did you know that over 90% of all online home business ventures fail within the first six months? Yes, that’s months, not years.
From my experience working with many small business owners and internet entrepreneurs, I have noticed that many of them…
