November 13, 2008

Strategies to Increase Sales and Profits During a Recession

At Small Business Lessons blog, I found this helpful and inspiring article that shared what are 10 Quick and Easy Strategies to Increase Sales and Profits During a Recession.

According to Wikipedia -- A recession is a contraction phase of the business cycle, or "a period of reduced economic activity."The U.S. based National Bureau of Economic Research (NBER) defines a recession more broadly as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP growth, real personal income, employment (non-farm payrolls), industrial production, and wholesale-retail sales." A sustained recession may become a depression.

And yes, it is very undeniable that we are in a recession right now especially when it is the story featured everyday in every TV News program, newspapers and of course, resources over the Internet.

But no matter what, our future is still in our hands and even when almost all people are saying that our economy's growth is declining -- so what, we can't just lie down and wait until our economy says we've dropped to totally zero!

Just check out the article I cited above and is really helpful and at the same time inspiring for our internet business dreams. It teaches us how we can strategically increase sales and profits during these gloomy days of our lives.

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