Topic: What online service / product would you buy in this recession ? (Read 912 times)
I wanted to buy something that would give me a profit nowadays. Laptop, mobile phones and other profitable products since the pandemic started. I want to earn as much as I can right now so I could save money that I can use after the recession to invest, stocks or crypto currencies.
Simply e-commerce sites are going to be the next best revolution after the end of covid spread because people will be afraid to go out and also this lockdown made more lazy.If we see the economic news world wide when each and every company is layoff their employees but amazon recruited lot of members for inside works like office job, so you invest on those sites to get more reap.
The e commerce market are always on the rise and basically people use it to purchase electronics and generic items. Some people will be afraid to go out after the pandemic craze but you cannot think that the majority will be shying away. People are already frustrated stacking inside and now you cannot get inside an restaurant if you are not wearing mask until you reach your seat. If there is a major recession then all the companies will lay off people. 
Depends what do you have in mind, something that is necessary for the living or something that might be considered as investment.
I'm sure that majority of people in the current situation buys only what is necessary for them and their families and try to save as much as they can.But in necessary things usualy don't belong online services.
On the other hand, some want to take for their future somehow and investing might be a good idea, like in shares of some medical company that is neae the discovery for COVID 19 vaccine or cure.
I didn't need to buy any online service or product in this crisis. I just need to buy daily necessities for my family. Everything you don't need, don't buy to save money. I'm sure that majority of people in the current situation buys only what is necessary for them and their families and try to save as much as they can.But in necessary things usualy don't belong online services.
On the other hand, some want to take for their future somehow and investing might be a good idea, like in shares of some medical company that is neae the discovery for COVID 19 vaccine or cure.
What online service / product would you buy in this recession ?
What virtual product/service would you buy now ,knowing that there is a economic recession ?
It all depends. I don’t like buying one asset, I like to diversify the money and buy lots of things as much as I can afford, though not too much, just things I believe that they are very good. I am already a Bitcoin investor and almost all the time I do have some bitcoins stored in my different Bitcoin wallets. Apart from the BTC I do buy, I have also been buying mutual funds.What virtual product/service would you buy now ,knowing that there is a economic recession ?
Also, I like to share something different than spending bitcoins but I believe that would be useful for many people here. I developed interest in this through a savings app I was using. It’s been really good, though the returns I get from it annually is not much. I also invest in farming which is the second best thing apart from cryptocurrency.
Answer to all your questions would be : Basic things needed to take care of family.
For the second it would be : Bitcoins and other new ICO token coins , because the government is literally not doing anything and unfortunately everyone is jobless and suffering therefore I will place my best bets with safe trading and if I lost more than 10% , would encash out instantly since the time is dire and whatever you loose would affect your family and you too .
I would like to extend this thread to tell how we should start saving up and taking care of our situation since I do not think we would be on the track soon enough.
Basically, if you do understand what position we are going to be in for the next couple months (at least) - you will understand, there are no way to spend your money on anything which is not needed.For the second it would be : Bitcoins and other new ICO token coins , because the government is literally not doing anything and unfortunately everyone is jobless and suffering therefore I will place my best bets with safe trading and if I lost more than 10% , would encash out instantly since the time is dire and whatever you loose would affect your family and you too .
I would like to extend this thread to tell how we should start saving up and taking care of our situation since I do not think we would be on the track soon enough.
Everything surplus you should invest in anything you think is appropriate.
Simply e-commerce sites are going to be the next best revolution after the end of covid spread because people will be afraid to go out and also this lockdown made more lazy.If we see the economic news world wide when each and every company is layoff their employees but amazon recruited lot of members for inside works like office job, so you invest on those sites to get more reap.
E-commerce is the latest trend now, the only thing we need to do now is to have more money so that we can fund our e-commerce business, but when you already manage all the things, I am sure e-commerce of yours could be huge, this recession it is the thing that I want to start but due to lack of fund I stop.
During this period gaming became a lot bigger in my life, I was in no means a non-gamer before this, I always loved playing games and I continue to do so, but it just became a bigger part of my life. Now I am considering making this a profession, not as in esports and making profit by playing a game, but I realized people love playing games, and they love it even more when they do it together, so that could be a business model right there.
I am not planning anything right now, but when you connect the dots it gives you some ideas of how to get people together, not that it is the full picture but it is a cool idea. This recession allowed me to figure out what I want in this life and what makes me feel like I can do as a business and be happy about it forever.
I am not planning anything right now, but when you connect the dots it gives you some ideas of how to get people together, not that it is the full picture but it is a cool idea. This recession allowed me to figure out what I want in this life and what makes me feel like I can do as a business and be happy about it forever.
In situations like now I reduce purchases, so I only buy something important. Usually I buy equipment for my work needs,
I buy online at a market place. Because of my work as a content creator, I bought it camera, microphone, hard disk, and so on.
Well everyone should be wary of the real situation, after 3 months of being under quarantine most of people don't have that sustainable goods for that long unlike wealthy ones so it is a must that everything we buy is just as we need as food and water. To me online market doesn't seem to be that needed since we can acquire and buy foods in the market which does not have any online version of course. You're a freelancer right? I think you guys are having harder times unlike the others coz there is no literally projects ongoing outside. I buy online at a market place. Because of my work as a content creator, I bought it camera, microphone, hard disk, and so on.
For daily needs I do not buy online, if there is still money left over I bought cryptocurrency or gold.
Yeah coz I don't think you'll get to find any store like the supermarket. As for me I have my kinds of money, one is for digital and one is for my needs, typically I have more funds in crypto than any other but things are different so I need it to be balanced. And you know it's kinda risky to have crypto right now, It's not advisable.
Simply e-commerce sites are going to be the next best revolution after the end of covid spread because people will be afraid to go out and also this lockdown made more lazy.If we see the economic news world wide when each and every company is layoff their employees but amazon recruited lot of members for inside works like office job, so you invest on those sites to get more reap.
What online service / product would you buy in this recession ?
What virtual product/service would you buy now ,knowing that there is a economic recession ?
What virtual product/service would you buy now ,knowing that there is a economic recession ?
The service which can fill my family and my daily needs, so I don't have to go out from home. And for ordering the food, I already use some services provider which include in all things that I need, so I only need to use my phone to make an order to them. They will delivery my order anytime, and every time I place an order.
But I little bit confuse about online service/product would I buy because that means something that we don't need in our daily life. If that is the case, perhaps, I don't need those services because I would prioritize my daily needs first besides the other things.
The only crypto i would invest in is :
2.The coin must behave like a fiat , like when you give fiat to someone that transaction is not recorded and should stay anonymous...
...
4.ZERO transfer fees ,when you give fiat to someone ,nobody asks you any fee in real life
I'm interested in this points as they draw attention to fiat;2.The coin must behave like a fiat , like when you give fiat to someone that transaction is not recorded and should stay anonymous...
...
4.ZERO transfer fees ,when you give fiat to someone ,nobody asks you any fee in real life
1) Fiat transactions are recorded and are not anonymous. You should indicate the distinction that this occurs when exchanging physical cash. The society however is becoming more digitalized, so majority of transactions are done using digital devices and are recorded.
2)Again, this only applies when exchanging physical cash. There are many cryptocurrencies which offers lower transaction fees. Bitcoin does not lead in this area, but if you want reduced fee in BTC, you can use a segwit address.
Depends on where you live. Lots of places are heavily dependent on the physical ones.
I guess the commenter is actually referring to the physical aspect of fiat which is actually anonymity/privacy friendly. There are alot people using physical fiats without the banks (which is where trackings usually take place). I believe this can also be done even with the digital currencies. Lots of people probably don't know this yet.
In situations like now I reduce purchases, so I only buy something important. Usually I buy equipment for my work needs,
I buy online at a market place. Because of my work as a content creator, I bought it camera, microphone, hard disk, and so on.
For daily needs I do not buy online, if there is still money left over I bought cryptocurrency or gold.
I buy online at a market place. Because of my work as a content creator, I bought it camera, microphone, hard disk, and so on.
For daily needs I do not buy online, if there is still money left over I bought cryptocurrency or gold.
the first think i will buy its something that necessery to help me on my WFH , then i buy some tutorial to make my knowledge better and then i will buy some entertain service like netflix etc
What online service / product would you buy in this recession ?
I have seen many people here in my place doing online selling already. They are selling clothes, foods (with free delivery) and anything that will help people to there everyday lives. In my case, I don't have anything to sell here but I have know how to sell some things. In terms of online service, anybody that can be done thru online would be a good choice right now. If you will see those freelancers who are working on their home didn't get affected too much because they can still work and give their services thru online unlike those people who are working 8 hours a day to different establishments.
Anything that can be done online right now is very helpful so utilize the power of internet and find something that can give you profit online.
At this period of time I don't limit the opportunity to buy as many as possible online goods especially Bitcoin and ethereum is the the most target in our day to day online business.
What online service / product would you buy in this recession ?
What virtual product/service would you buy now ,knowing that there is a economic recession ?
I don't think there should be any limit to what I can buy online these days.What virtual product/service would you buy now ,knowing that there is a economic recession ?
I have been buying a lot of things. As for virtual services, I don't know what you're really referring to there you said virtual services. By saying virtual, are you referring to services that require the help of a virtual assistant? Just like social media management and online marketing? If that's what you're referring to here, then I am not in need of those.
I have only been buying products that I need. I make orders through online shopping sites and they get them delivered to me. Recently I read that gyft is closing their services which must be impacting bitcoiners on their ability to spend for their daily needs but fortunately we are having similar services which may continue to help people to spend everywhere they want to.
What online service / product would you buy in this recession ?
What virtual product/service would you buy now ,knowing that there is a economic recession ?
What virtual product/service would you buy now ,knowing that there is a economic recession ?
I'm buying cellphone load, prepaid load is very popular here in our country I'm also paying for an internet connection, the worst thing that can happen to you right now is not to get connected to get the latest news and update on what's happening around you and in the world during this pandemic, I'm also buying groceries on online groceries because we badly need groceries during this time.
A good proportion of people I know have taken to buying online courses at the moment, everything from IT certifications to Masterclasses in things like script-writing or cookery. Many are rightly worried about post-Covid job security so an extra feather in their cap wont hurt. Others just have an unprecedented amount of time on their hands and are finally getting around to pursuing the dream of writing, learning to cook properly etc.
Courses like these are good buy IMO (if they actually complete them). The sense of fulfillment that comes with doing something productive is very important as weeks pass by and not much else is being accomplished, particularly for those who cant work from home.
Vegetable and plant seeds to grow food. Solar panels and inverters for energy production. Water condenser and filters in case potable water becomes unavailable. Rechargeable batteries. Radio in case TV/internet/cell goes down. First aid kit. Home defense and surveillance. Basic emergency supplies could be customer favorites in preparation for a worst case scenario.
I'm observing markets and crypto hoping to learn a little more about how they fare under global pandemics. In the past I've heard finance analysts claim stocks like campbells soup (canned foods) were good buys during recessions, when consumers sought less pricey food. Its interesting how markets have shifted so that conventional investment wisdom is no longer panning out.
I'm observing markets and crypto hoping to learn a little more about how they fare under global pandemics. In the past I've heard finance analysts claim stocks like campbells soup (canned foods) were good buys during recessions, when consumers sought less pricey food. Its interesting how markets have shifted so that conventional investment wisdom is no longer panning out.
It is good to purchase a ready-made food delivery store.
But in our country this is a lot of competition.
No ideas on starting an offline business. I think that while you can take your time, but online stores of products, household chemicals may be relevant
But in our country this is a lot of competition.
No ideas on starting an offline business. I think that while you can take your time, but online stores of products, household chemicals may be relevant
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