When a recession hits and people lose income and jobs become uncertain, they start looking for new ways to make money. A good way to take control of your finances in an economic slowdown or a recession is to start a home based business.
Some businesses thrive and do extremely well when the economy starts to slow. If you want to start a home business, here are some good recession proof businesses to think about:
The entertainment industry does well during a recession, when people are looking for temporary relief from their problems. They look toward music, movies, books and video games to help them escape. If you can write stories, make music or design games, this would be a good time to try your hand at getting into the entertainment industry.
People also are willing to spend money on food and sweet treats. Some of America s favorite candies, like Snickers, Tootsie Pops and Three Musketeers bars came out of the depression. Low cost candies and treats can provide a needed escape from all of the bad news. The fast food industry, with its cheap and quick dining, also does well when time get tough. Or start a fruit and vegetable stand for those who can garden and are healthier minded.
Cosmetics, beauty and nail care businesses are considered recession proof. Women look for low cost ways to pamper themselves during a bad economy. Even in a recession women still want to look younger and more beautiful and will make spending money on cosmetics a financial priority.
You usually can t go wrong selling the right kind of services. Many services will always be needed, and some are especially important in a recession. There are many options such as: business outsourcing, cleaning services, home security, resume writing services, accounting, hair styling, plumbing, repair services, event management and wedding services.
The used item and resale market does well when time get tough. Thrift Stores, pawn shops, consignment shops, as well as selling used books, used games, and used dvd s and cd s, are all recession proof businesses. People who need income will sell some of their unwanted possessions to get a little extra spending money. And in times like these more people are willing to buy used items at bargain prices in order to save some cash, so the used and resale market will continue to thrive in periods of recession.
Of course, financial consulting, debt management, repossession, real estate cleanup and junk removal, and other bankruptcy related services thrive in times of economic crisis.
The health and wellness industry is one of the most recession proof businesses out there. People still get ill during a recession. And if you think about it, since stress levels are much higher in bad times, sicknesses caused by stress will go up. Plus often the diets of people under stress get worse. So, sad as it may be, the health industry is a good one to be in during a recession.
The massive population baby boomers are getting older and will need care and ways to live more comfortably as they get older. One health related business you might consider starting is a home health care service.
Many people today are looking towards natural medicine and nutrition to help them avoid sickness. You could make a substantial income if you have excellent natural health care and nutritional products to sell.
Even though these businesses are considered recession proof, it is still necessary to invest time and energy into researching and planing your business well. And even a recession proof business won t be successful without good hard work done by a motivated owner.
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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