The Bright Side of the Credit Crunch

Many economists are now predicting the worst is over as far as the big banks are concerned, but unfortunately it still looks like the worst is still to come for the general public with the ongoing rise in oil prices which is pushing up prices for just about everything else we buy, especially fuel and food. There is still a long way to go before things start to calm down imo.

The housing market is in freefall with prices dropping faster than they have since the 90’s
From a personal perspective this hasn’t been good as I have now been forced to withdraw my own house from the market which I’ve been trying to sell for the last 12 months ( After having 6 offers falling through along the way it hasn’t been the most pleasant of experiences )
Of course there are 2 sides of the coin to this story and the fact that high house prices are now going down is a great thing for those who wish to get on the housing ladder.

So what does this mean?
All in all it means the markets aren’t very active at the moment as people are sitting back and waiting to see what happens and are increasingly being forced to tighten their belts more and more each week.
Consumer spending is running thin on the highstreet as a result and a recession in the uk still looks likely.

Any glimmer of light?

Well yep !
As far as affiliate marketing goes things are looking up in some areas.
Because more people are now turning to the internet as a way of cutting the costs.
The average man on the street is talking about ways of saving money and word of mouth travels fast.
( Its one of the best forms of marketing )
Cashback sites are enjoying increased sign up rates and price comparison websites are more popular than ever. 

Banks are starting to lend again which means people are searching once again in numbers for the best loan and credit card deals etc.
The internet may well be hailed the savior to the uk public/consumer as we all go through the harder times.

Some affiliates (myself included) may need to adapt to survive these harder times as most sectors will still be hit hard by less overall consumer spending.
But keep your eyes wide open and you will see light at the end of the tunnel – just make sure your heading in the right direction.

Thanks for reading
Mike