However, often times one of the best ways to survive and in fact benefit from a credit crunch is not to make savings but make investments, small financial investments and lot's of time implementing certain credit busting strategies.
This article will briefly deal with ways of generating cash during a credit crunch, further, it goes without saying that by generating cash, or more correctly, different income streams, you are not only ensuring the likelihood of financial survival but are setting yourself-up for future benefit too.
The old adage , don't put all your eggs in one basket, is a definite truism, and those who have done or do, will usually suffer the most when the credit screw tightens.
During the 1980's and early 90's people turned to networking, as in network marketing, to help generate several income streams.
There were of course some good network marketing opportunities around, but alas, some dodgy ones too.
Indeed it was the dodgy, Ponzi, Pyramid type schemes which gave network marketing rather a bad name.
Here are some things you could do online during a credit crunch:
- Set-up a free blog and blog about your favorite niche market
- Start micro-blogging, for instance, with Twitter
- Sell your skills and knowledge online, in the form a report or eBook (for knowledge) or services for your skills.
- Start affiliate marketing for products you know well, like and use yourself.
- Join a ready made online business, a business which requires no capital investment, save the time you put into it
For more ideas and some very good ones too, check-out Wow Paradise Credit Crunch Buster [http://wowparadise.
thomas-machado.
com/wowcreditcrunch.
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