Anyone can start a blog, podcast or YouTube channel and have the potential to reach millions of people. You could start your own business to help people find ways to save money. If you’re taking a specialized approach, you may have more success buying underpriced items online since it’s more challenging to find specific types of items locally. In addition to selling on platforms like eBay, you could also start your own website with the intent of growing the business for the long-term.
Wedding planners enjoy a flexible working schedule and opportunities to travel locally and globally, and it’s a great career with numerous growth opportunities. No matter your level of experience, the cannabis industry has a lot to offer. There are inspiring stories of entrepreneurs that made it big in this particular industry.
recession-proof business ideas
Telecommunications is another industry usually performing well during economic downturns due to little fluctuation in demand. Whether via broadband, phone networks, or any other telecommunication channels, individuals still need recession proof business ideas to communicate, socially and professionally, despite poor economic conditions. For a list of ideas on what products you should sell for your eCommerce business, check out our breakdown of the best product ideas for 2023.
No matter what economic situation we’re in, courier services will continually prosper given that consumers are bound to send packages now and then, either for personal or business-related matters. Being able to function and offer that unique kind of assistance to consumers’ needs makes them less vulnerable to recessions. Besides, targeting both the business-to-customer (BTC) and business-to-business (BTB) markets deserves them a spot among the top recession-proof businesses. As with maintenance and utility services, industries offering delivery services are staying afloat during recessions. In today’s crisis, the social distancing implemented across the globe impacted the freight industry positively.
What is a recession?
The industry has survived many economic downturns in the past, and healthcare and medical research are always essential. In fact, research indicated that the rollout of COVID-19 vaccines spurred economic activity. Diversification — whether that be through pursuing more target markets, offering more products or services, or adding more distribution channels — can help you alleviate that risk.
The ‘Valley of Death’ is a deep pit, but Dayton startups are clawing … – The Business Journals
The ‘Valley of Death’ is a deep pit, but Dayton startups are clawing ….
Posted: Fri, 03 Nov 2023 07:00:00 GMT [source]