Businesses and Products That Will Do Well in a Recession
What Business Will Do Well And Thrive In A Recession
- Accountantimg services
- Healthcare providers
- Financial advisors and economists
- Car maintenance services
- DIY and repairs
- Rental agents and property management
- Grocery stores
- Bargain and discount stores π€
- Freight and logistics
- Debt collection agency
- Resume writing services
- Freelance Temp work π€
- Tutoring services π€
- Food truck
- Sin businesses
- Computer systems design and services π€
- Restoration services
- Tattoo artist
- Fast Foods
- Education π€
Products In Demand During The Recession
Candy is one of the most recession-proof industries to be in. Cadbury’s profits went up by 30% in 2008 and Nestle’s went up by 11% at the same time. Can’t make this stuff up!
- Candy π€
- Consumer staples
- Camping gear
- Car parts
- Coffee, tea and energy drinks
- Cosmetics
- Clothing
- Tupperware
- Pet care products
- Movies, TV amd video games
- Food and drink
- High-end luxury items
- Salt
- Alcohol
- Tobacco
- Condoms
- Guns and ammunition
- Long term storage food
- Gold and silver
- Wedding items
- Disposable diapers
- Video conferencing π€
- Cloud-based applications π€
π€ - I think I can do these
Sources:
- https://www.investopedia.com/financial-edge/0811/9-businesses-that-thrive-in-recession.aspx
- https://www.thebalancesmb.com/best-small-businesses-to-start-in-a-recession-393554
- https://moneyppl.com/15-industries-workers-find-great-success-in/1678/4/
- https://fulfillrite.com/blog/12-recession-proof-products-you-can-sell-online/
- https://www.quora.com/What-products-are-recession-proof
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