Digital start-up experts, Online Biz Profits, have released their latest guide and beginner-friendly program designed to help readers start an online business during an economic recession.

Oberkirch, Germany - July 5, 2024 —

Capitalising on the potential business opportunities a recession can offer, the new guide and accompanying business model program, cover how to start up an online business, marketing strategies, operational efficiency, growth and scaling, and examples of real-life recession success stories.

Further information is available at https://onlinebizprofits.com/starting-online-business-during-economic-recession-smart-move

The latest economic projections from the UN Trade & Development (UNCTAD) show that global economic growth is set to slow to 2.6%, just 0.1% above the economic threshold for a world-wide recession, explains Online Biz Profits. This means that many countries across Europe and further afield are already feeling the proverbial pinch, with worries about jobs and financial security making would-be entrepreneurs cautious about starting new businesses in the current financial climate.

However, although it may seem counterintuitive, Online Biz Profit advises that this is the ideal time to consider starting an online business. The lower costs associated with setting up a digital company mean that savvy start-ups can take advantage of the reduced competition and shift in consumer behaviors during times of economic downturn.

“Starting a new business during a recession can feel very risky to most people, but it is actually a smart move” explains an Online Biz Profits spokesperson. “Big name brands like Uber and Airbnb got their start during the 2008 recession, which goes to show the right idea and the right niche can take you far - if you just have the confidence to take those first steps and a sound methodology to guide you through the process.”

Online Biz Profits suggest that amongst the “first steps” a budding entrepreneur should take is identifying their niche - what makes their product or service unique - and building an understanding of their audience. This information will, in turn, influence the creation of their business plan and marketing strategy.

“One big area new businesses must pay attention to is legal compliance,” advises Online Biz Profits. “It’s easy to get carried away with your million-dollar idea, but you need to ensure you’ve ticked all the boxes to keep your earnings legal and above board. Which is why our method gives beginner-friendly advice on this as well as all the business-related training you will need.”

The methodology being espoused by Online Biz Profits owes much to John Thornhill’s Ambassador Program. This “user-friendly path to financial freedom” offers a beginner's guide to those looking to create opportunities for revenue onlin. Those interested in finding out more about the program and how Online Biz Profits can support them on their online business journey can visit https://onlinebizprofits.com/starting-online-business-during-economic-recession-smart-move

Contact Info:
Name: Gregor Gaspar
Email: Send Email
Organization: IT Marketing Gregor Gaspar
Address: 1c Haslacher Straße, Oberkirch, Baden-Württemberg 77704, Germany
Website: https://onlinebizprofits.com/

Source: PressCable

Release ID: 89134720

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