Is Internet marketing really recession proof? That is a question that many people ask before they decide whether or not an Internet marketing career is right for them. Those who are in the business currently may even be wondering if making money online can really continue on as it has or if it will eventually give into the recession and go downhill. There are a lot of different factors that go into whether or not people will continue to see as much success in the future as they have in the past with online marketing.
Here are a few different key elements about the recession and how it has affected marketing online:
People are still spending money online, but it is true that consumers are being more careful regarding how much they spend and what they spend it on. Necessities are still purchased, while things that people can live without are not purchased as much as they used to be. This means that if you are marketing something that consumers are going to need regardless of the economic situation, then sales will still be made. If you are marketing products or services that people view as luxuries or unnecessary items however, the recession has already affected this area and will continue to do so until the economy turns around.
The competition in Internet marketing has increased over the last couple of years for a number of reasons. With job loss being at an all time high, more people are looking for easy ways to make money and to make money from home. This makes marketing online a sought after career and the more people trying to do it, the more competitive it gets. Marketing has already been a competitive field, but the recession has actually caused more people to give it a try, which affects everyone else in the field.
People are not willing to pay as much as they used to for certain products and services. Due to this, Internet marketers have had to lower their prices or companies have had to lower prices of products. If a person is an affiliate marketer, they could see a decrease in the percentage that they are paid for each sale that is made.
To easily sum things up, yes the recession has affected Internet marketing and this field is not recession proof. However, will the recession make Internet marketing obsolete and cause it to disappear? Not at all. Marketing online will always be around and people are going to continue making money doing it. Due to the economy though, marketers do need to be constantly updating their strategies, tactics and budgets in order to deal with what is going on in the financial world right now.
Being creative is essential to staying in the game and being successful at it. Marketers need to adapt to the current state of the economy and consumer spending habits. If they do this, then it gives them a better chance at being able to continue in the field without any major issues.
Vanessa Sweeney finds and writes about the latest trends on the Internet at