Research Paper Vincent Addison Developing a Business Perspective BUS3020 Travis Williams December 18, 2011

Introduction The economy and recession has driven society to pursue new forms or ways of making money which is one of the major reasons of increase internet activities such as ecommerce, marketing, and eBooks. Many companies have branched out to establishing brick-and-click companies to increase sales and consumers are establishing Consumer-to-Consumers business such as eBay and Craigslist where they auction and sell items on the internet. One of the increasing opportunity for consumers are the creation of eBooks in which ordinary people are become millionaires Recessions In 2008 a meltdown occurred in the economy which leads to a recession in which these has not recovered. During this recession many U. S. jobs were lost, many businesses down size, some small business closed and many people were left unemployed. . In 2007 7.2 billion (Rau, 2009) jobs were lost and has not been recovered. Many companies were struggling to stay afloat; therefore companies where force to down size laying off record number of people. Major plants such as GM and Ford have closed their doors laying off their employees. Unemployment rate in January of 2008 was a 5.0%, January of 2011 unemployment rate was 9.0%, December of 2008 rate was 7.3% (http://data.bls.gov/timeseries/LNS14000000) and December of 2011 9.0% (http://www.dol.state.ga.us/) based on this information unemployment rate has increase tremendously since the recession. The government has had difficulty agreeing on ways of keeping unemployment recovery by way of extension; but its causing a federal deficit. The government has

spent 727 billion stimulus package (Raum, 2009) plan was passed in 2009 to assist with keeping unemployment for getting worse; but yet no improved as of 2011. The auto and construction industries helped lead the nation in past recessions cannot be count on. With the surplus of new homes, foreclosures homes and empty commercial property will most likely not be on the path of growth anytime soon. Higher income households are spending less because they cannot get loans and borrow like they once did. During the recession stores like circuit city filed for bankruptcy, and closed their doors. Many other stores close some of their location such as gap, Zales; JcPenny, Sprint/Nextel, and footlocker just to name a few in order to stay above the water. The recession had a major effect on the economy in which business and consumer has branch out on the internet to established other means of making money and increasing sales which in returned has increase a wide use of the internet for making money Internet One alarming introduction is the revolution of eBooks publishing. Consumers are creating eBooks for all type of material available for purchase on the internet. These books consist of how to lose weight, how to become a millionaire, and how to find your niche just to name a few of the eBooks you will find on the internet. The eBooks revolution began without any type of plan to set things in operations. Many consumers and business are taking the opportunity to create eBooks.

The increase of sales since the creation of EBooks is impossible to ignore the amazing growth eBooks are having in the market place or the destabilizing impact this is having on the entire ecosystem for books and reading in the U.S. and increasing abroad (Herther July/August 2011). Conumers are creating websites and blogs to help with their ebooks in order to make money to help support family and to bring them out of poverty. Jerry Maturin create and evolving eBook and place company ads on his website starting at 100 for minium of two years (Life Science Weekly, 2008). He believes his website will make history and to support his single mom who recently had surgey. Ebay is another prepective of the internet in which consumer use to make a living by autioning items. You can aution almost anything with eBay by setting up an account and paying a fee for the number of items you will sell. Craigslist is a free source in which consumer can sell items for additional monies during the recession. Craigslist has established a consumer base all over the USA assisting consumers to establish another source of income.to have Summary The recession has caused many problems for the economy. Auto manufactures and construction could not pull the economy out of the recession as normal. Government cannot agree on affective ways to jump start the economy. Many businesses have closed and some business has down size leaving many consumers out of work. .

Consumers are taking advantage of the internet to establish a flow of money into their homes. Consumers are creating eBooks, blogs, home based business, and online auctions. The Internet

References http://data.btsgov/timeseries/Lns14000000 http://wwwdol.state.ga.us/ Herter, N. (2011). EBooks everywhere Search 19(6), 22-31. Retrieved from http://search.proquest.com/docview/875640395?accountid=27965 A Millionaires Journal LLC, Life Science Weekly, 2008; ISSN 1552-2466, 06/2008, p. 3772 Secret of eBooks Success, Orr, Cynthia, Library Journal, v136, I 15, Media Source Sep. 15, 2011] Retrieved from http://search.proquest.com/docview/888171229?accountid=27965 Tom Raum, Are Joes lost to recession gone for good, Clarkston Gazette, 10-2009, news ;Pg., P6A