(It Adversely Affects Your Local Economy In Many Ways!)
Notice the long term, negative adverse ripple effect. When long term interest rates rise. The cost to to borrow money both short and long term steadily goes up, correct?
The cost to buy a car or a home. Or to invest in different types of rental properties. Be they residential and or commercial. They go up, right?
If you want to borrow the equity in your home and or investment properties. The terms aren’t nearly as favorable, agreed? Rising interest rates definitely have a negative adverse affect. Don’t you agree?
Leveraging A Growing Economy! (Is A Lot More Difficult When The Cost To Borrow Goes Up!)
So notice how many industries. And therefore how many jobs are negatively affected when the cost to borrow money goes up. Less homes, townhouses and condos get sold, right? Which means less loans get written.
Mortgage companies and commissioned only mortgage brokers earn less income from the mortgage side of their businesses/ Banks and credit unions earn less fees.
Title companies as well as appraisers earn less fees. Less office buildings are built. Less commercial phones lines are installed at commercial rates! 😀
Moving companies have less work. Credit repair companies take a hit too! Retail and used furniture stores sell less inventory. Leasing agents have less available units to lease.
Consumers keep older furniture and older cars longer. They put off newer purchases. They keep older clothes longer too. Less refinances take place.
Collectively millions of extremely hard working individuals. Put off doing or buying certain things. They don’t take out second mortgages on their primary homes and or investment properties.
Business owners aren’t able to borrow quite as much as they would have liked too. So they have to delay investing in state of the art technology.
Scaling Your Business Or Service During A Tightening Recession!
On the other hand. When or as a temporary or prolonged local recession hits. (As they will periodically do, correct?) The savvy business owners and or service providers.
Often find themselves literally being forced into various types of potentially lucrative partnerships. With other local, non directly competing vendors. In order to both survive and continuously grow.
In some cases exponentially! For literally pennies on the dollar! The increased cost of money. Causes savvy entrepreneurs. Especially the non franchised ones!
To start leveraging each others various assets and or resources. Like a vendors steadily growing podcast audience! Or their incredibly responsive opt in email list. In many creative ways!
Or power networking with other non directly competing vendors, employee and customer bases!
(There’s a huge, previously untapped, potential goldmine in this! Just waiting to be perpetually monetized. Don’t you agree?) Unfortunately lots of industries are adversely affected! Whenever long term interest rates rise, agreed?
You And I Definitely Need Strategies For No Matter Which Direction Your Local Economy Goes In!
P.S. Now as is customary during this part of our show. Please share your extremely valuable comments (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
As always if you got any value out of this post, please share this on your favorite social media sites or tweet this. Thanks!
And if you’re currently registered on Linkedin or twitter, and you’re serious about doing some type of power networking. Let’s get connected asap!
Extremely important note: And if by chance, you happen to know any of the lesser known podcasters, (or radio show host) who also target small business owners, service providers or aspiring startups entrepreneurs etc.
And they’re pro-actively looking for potential guest speakers. Please don’t hesitate to-either- pass their name and contact information directly to me or vice versa! Thanks!
(While you’re at it. Be sure and schedule your free 30 minute brainstorming session now! It’s a $125 dollar value!)
(And be sure you head over to Spotify.com and setup your free account. This way you can listen to my podcast “The Marketing Minute” and leave me a greatly appreciated 5 star review. Provided you honestly feel it warrants it. Thanks!)
(Click the link just below, and watch the first video at the top of the page, if you’d like to see the entire 33 minute replay, of a guest podcast on marketing your small business or service. I Recently appeared on.)
(And speaking of you consistently generating some type of reliable passive income. This may just be what you need right now. Click the link to “discover” the real secret of the ultimate insiders.)
And be sure you grab your explosive free 22 step small business marketing mastery kit series, because it will help you increase your gross profits by as much as 25% in the next 90 days or less. (Provided you’ll consistently implement as instructed.)
And help you master your effective communication in marketing skills.(No matter what your particular niche market is.) It’s a $97 dollar value and it’s FREE! Please note some links on this page are affiliate (income producing) links.
