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How To Profit From the Recession - 3 Ideas For Anyone Looking to Survive This Recession

Here are some ideas anyone can use to their advantage-

Idea #1 People are looking for bargains... Give them what they want. The popularity of yard sales, garage sales and flea markets is rebounding, as people look for used items, discount merchandise and recycled material instead of paying for new retail items. This is a perfect time for you to conduct a sale of your own, with your own unwanted items. Even small sales can yield hundreds of dollars in extra income.

If you want to take this to the next level, try going to other sales toward the end of the day and offer to take away anything they don't want or didn't sell. Sometimes, you can get tons of free or very low cost stuff. If you go around and do this at 3 or 4 sales, you can put it all together into one big sale, with all of the profit going back to YOU.

Idea #2 Repair and refurbish. During the recession, repair work increases as people keep items longer. They will also consider spending money on refurbished items more readily than in good times since the price differences can be significant. If you are handy, or have skills in repairing items, you instantly have the ability to cash in on broken items as a repair service, or collecting cast-offs and repairing those items and selling them as refurbished items. This could include furniture, electronics, appliances, computers, cars or anything of value that can be repaired or refurbished. Many quiet millionaires have made their fortunes this way.

Idea #3 Safety and security, now more than ever. Recessionary times result in higher unemployment levels, often pushing crime higher in some areas. Fear is a strong motivator, and if you have the ability to hand out flyers, you can profit by offering home or business security systems like alarms and safety equipment. If you Google "wholesale security systems" or "burglar alarm distributor opportunities" you will find many sources that sell equipment and services wholesale, while you charge retail prices to your customer. Simply create a simple flyer offering a free in-home security analysis and then offer the equipment and service. Many of these companies will even have an installer do the work at no charge! You can make good up-front money and a small residual payment for the monthly service.

These are just a few ideas for you to profit during a recession. There are many more. If you get creative and look around your area, you can find many options to make more money now than ever before.

Mike George wants readers to prepare for the worst case economic scenario. You can read more information about financial defense strategies from the double dip recession that is coming at [http://www.squidoo.com/recessiondefense]Recession Defense.

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