I see a lot of advantages for entrepreneurs in a tough market. Here are three of them:
Personally I’ve got some mixed signals lately. I’m part-owner of an IT reseller/consulting business, and I do have experienced customers asking for the cheapest products in order to limit their expenses.
But more and more customers are asking for the high end products because they’re seeing their purchase as a long-term investment, where they were more likely to make impulse purchases one year ago. Instead of buying cheap products and through them out when they fails, the customers are buying quality products with longer life cycles because they believe that will give the lowest TCO over time.
IT Entrepreneur, living in Denmark
My Blog: www.ScandinavianMinds.com
This is a time that when people can get rich. You just have to work a little harder and be smart about what market you enter/what business you start. I just designed a website for a business that takes abandoned homes that have been foreclosed on, where the owner was forced out by the bank, and gets them ready to sell. They dispose of the trash and belongings left behind, fixing what needs fixed. There was a need for this type of business, he took advantage and now he is making a lot of money.
---Scott Thornton . Web. Print. Identity : BlenderhouseCreative.com
Founder and CEO
Sweet and Single LLC
"The Premiere Dating Service for Asian American Professionals"
Author of The Toilet Paper Entrepreneur