All this talk about recession and layoffs has a lot of people crawling under their beds, fearing the worst. I know I was certainly in that category as I began a big marketing push. But I learned something interesting: the business is still out there. Business is still getting done. Companies are still marketing their services, and they need copywriters and marketing people like me to help them get it all done. Small businesses are starting up left and right, and people everywhere are hiring graphic designers, ordering material, and paying for all manner of goods and services. Just like old times.
Here's another thing I've learned: There are entire groups of people who will never feel the recession. They will never wonder if they're still going to have a job tomorrow, or worry about if they'll have enough money to retire. And they are buying things to, as witnessed by this recent article in The Atlanta Journal Constitution. Expensive Australian water and cell phones inset with Swarovski crystals appear all the rage among the well-to-do, even while others are cutting back.
I have a theory that there are money levels. Reach a certain high enough level, and you'll never sink below it. You'll always have plenty of money to do whatever you need or want, money that is tied up in safe investments. Donald Trump and Bill Gates are in this level.
There's also a lower level that is so low it makes it hard to rise to the top. For these unfortunate souls, times are always tough, no matter how well the economy is doing. But I believe that even these people can rise above this level if they will only realize that there is a way out for them.
So what does that mean for us copywriters? Well, check out this article from millionaire copywriter Clayton Makepeace on five ways to profit from these lean times.
So, how is the recession effecting you and your business? Do you have too many clients? Not enough? Are the people you're working with feeling the crunch? What are some ways you've learned to recession-proof your business? Post a comment and let me know! Let's start a conversation.