Top 5 Money-making Business Ideas In a Recession

During tough financial times, it’s not enough to have a solid, well-paying job that you can at least tolerate, if not enjoy. More and more people are turning to the Internet for low-cost start-up business

ideas that will help them augment their family’s finances and earn their way to financial independence.

The online marketplace has indeed paved the way for all sorts of small enterprises to be put up and operated by just about anyone with common sense and good business skills. Now more than ever, it’s important to choose just what kind of business you should get into because you don’t want to waste what little start-up cash you’ve scraped together.

The 2008 recession is still profoundly felt in many parts of the world, and as an entrepreneur-to-be, it’s your job to ensure that your money is invested into the right money-making machinery that will provide you with good profits in the shortest time possible. Here are five of the most in-demand and most convenient ways for you to earn more in this time of great financial setbacks:

1. eBay trading assistant

eBay, one of the world’s first online marketplaces, has grown to become not just a source of great bargain buys but also as a good source of extra income. Some individuals resort to auctioning off unused or unwanted items on eBay just to make ends meet.

If you’ve ever tried selling something on eBay, you know how hard it is to capture the attention and imagination of your target market and convince them to purchase the item you’re auctioning. You can capitalize on your photography and copywriting skills and turn yourself into a professional trading assistant to help other people sell their items on eBay.

2. Freelance jobs

From software development to article writing to graphic design to website development, freelancing has become one of the most in-demand online jobs today. Put your creativity and technical proficiency to good use and sign up with any of the online freelance marketplaces today like, or

If you feel that you can pull off the job on your own without having to go through a middleman, you can also set up your own online agency and offer your services straight to potential customers. There are a lot of webmasters who own more than two websites, so they need other people to take care of the day-to-day content management and upkeep of their websites. As a freelancer, you get flexible work hours and pay terms and can even choose the things you want to work on.

3. Virtual assistant

A virtual assistant or VA is similar to that of a freelancer, but your creativity is not the number one thing that employers will look for. To streamline operations and cut down on labor costs, some companies simply outsource administrative tasks to VAs that they can hire online. This way, they can focus on their core business activities and still be assured that miscellaneous tasks like collating mailing lists or telemarketing are being done properly.

A VA needs good grounding in simple office tasks because you are an all-around assistant for whatever business needs your client may have. It may not be a very glamorous job but you are being trained in several different fields like accountancy, web marketing and advertising at the same time.

4. Internet marketing services

As a tech-savvy Internet marketer, it is your job to help other webmasters and bloggers to build site traffic and drive online sales despite the bad economy. This is akin to working as a business consultant, only now you are focused exclusively on Internet-based businesses that are in need of a serious boost in readership and sales.

Your first priority is to teach fellow online entrepreneurs how to make their content relevant, fresh and exciting so that site visitors will flock by the thousands and eventually end up purchasing their products or services. Not all online businessmen know the ins and outs of Internet technology, so you have to take them through the basics and teach them the tools of the trade in order to increase their profits.

5. Affiliate marketing

Affiliate marketing is yet another popular money-making enterprise that a lot of people are going into. If you run a few websites with high and consistent readership, you may want to consider signing up for an affiliate program so you can earn money from advertisements placed strategically on your web pages.

As an affiliate marketer, you don’t have to do much beyond choosing the products or services you want to advertise and putting the links on your website so that people can see them. With every click that goes from your website to the affiliate companies website, you earn a handsome commission that can tide you over the hard times.

This is a guest post from Ally Tobias. Ally is part of the team that manages Australian Credit Cards, a personal finance blog that covers business credit card tips. You can follow ACC on Twitter if you like to stay updated on their latest contents. Before joining ACC, Ally was a Media Planner with McCann Worldgroup Philippines, Inc., with award-winning executions, including the Levi’s 501 “Live Unbuttoned” global campaign.

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