There are always opportunities to make extra money, even in a tough recession. Many people are looking at starting a home business. Here are some ideas for recession proof businesses to get you moving toward home business success and financial security even during a bad economy.
1. The Entertainment Industry. People want temporary escape from reality when times get tough, so the entertainment industry does well in a bad economy. Movies, books and video games all do well in a recession, especially the used, resale and rental markets. Or if you are creative, you might try your hand at writing stories or creating video game software.
2. Candy and Sweets. People are willing to spend a little extra money on their favorite candies and snacks. Candies are cheap and sweet, and they can add a quick energy or a happiness boost to those who need it. If you can make tasty baked goods or candies, try asking local gift shop owners if they’d like to carry your products.
3. Skilled Maintenance and Repair Services. Many skilled repair services will continually be needed, no matter what the economy is like. Services such as: car repair, plumbing, electrical, roof repair, cleaning services, extermination and other home maintenance and repair services.
4. Pawn Shops & Thrift Stores. These are win win recession proof businesses. People in financial need sell things to get a little extra cash. Other people are looking for bargains and are willing to buy used items in order to save a little money. Another related idea to consider is starting a consignment shop.
5. Cosmetics and beauty. One of the businesses considered recession proof is cosmetics. Women continue to make spending money on cosmetics a priority, and they look for inexpensive ways to pamper themselves during tough economic times. Even in a slow economy, women still want to look younger and more beautiful.
6. Outsourcing. To save money many companies now outsource important services for their business. Some recession proof outsourcing businesses include handling the customer care section or the billing and accounting services of other industries.
7. Debt and Bankruptcy Services. Financial consulting, debt management, mortgage and foreclosure rescue services and other bankruptcy related services thrive in a recession and time of economic crisis. When people and businesses go bankrupt or start to lose their homes, they look for services that offer help in this area.
8. Home Products. Home products are something people need in any type of economy. A growing niche in this market is green home products such as cleaners and recycled paper products which are non toxic and environmentally safe.
9. Health related businesses. Health and wellness based businesses are considered some of the most recession proof businesses to get involved with. People still get sick, no matter what is going on in the economy. And when times are tough people stress out more and eat worse, leading to more recession related illnesses.
With the high cost of medical services and the distrust of the established medical community, many people are looking towards natural medicine and nutrition to help them avoid sickness. Add to this the huge population of aging baby boomers who are looking for ways to live longer and more comfortably as they get older, and you could make a substantial income if you have excellent health care products to sell.
Now is the time to take action to secure your financial future. Whatever recession proof business you choose, be sure you invest time and energy into researching and planing your business the right way. Even a recession proof business won t be successful without good hard work done by a motivated worker.
Author Resource:
To learn about the single best online recession proof business for the average person to start go to http://recession-proof-business-income.com now! Dianne Ronnow is an Expert Online Business & Marketing Consultant who teaches internet marketing. Go to http://DianneRonnow.com for more information.
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