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14 Amazing Recession Proof Business Ideas // Best Businesses to Start in a Recession - YouTube
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an economic recession is always a source
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of fear unfortunately it's not possible
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to prevent all recessions from happening
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you are probably worried that the
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economy will soon go into recession you
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can prepare financially for a recession
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by switching careers or starting a
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business that thrives in a recession
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businesses that are recession-proof can
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continue to run smoothly even when there
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is a big downturn in the economy this
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will help you to have more financial
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stability if you are worried about your
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financial security or you are thinking
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about starting a business then look for
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industries that are recession-proof
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these businesses have survived downturns
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or at least thrived
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what are recession-proof businesses
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businesses that are recession-proof are
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in industries that are not affected by a
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decrease in the economy these industries
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provide things that everyone needs even
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when the economy is sagging these
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industries are ones that everyone needs
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even when it's hard to pay bills
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businesses that provide staple products
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like food and other things usually
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perform well when the economy goes south
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businesses that repair homes or provide
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other services such as plumbing and
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electricity will do well in a downturn
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so if you're looking for businesses that
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will survive a downturn keep watching
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this video to find out which ones have
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the best chance of surviving businesses
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that are recession proof can be very
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profitable both during good times and
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during bad times whatever the state of
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the economy or the stock market is many
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people are willing to try some of the
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recession-proof business ideas that are
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included in this video and many of them
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will succeed even if things do not go
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well financially many successful
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businesses have been started during
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recessions disney was founded during the
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great depression in the 1920s and the
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electronics company hewlett packard
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started to work in the following years
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during a recession in the late 1930s
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best businesses that are recession-proof
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are much less worried about rising
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interest rates and a fluctuating gdp
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than most other businesses and many of
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them have the potential to do much more
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business than usual
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hey everyone welcome to billion stories
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in this video we are going to share with
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you the top 14 amazing recession-proof
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business ideas let's get started
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number one food and beverage business
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food and beverage businesses are
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considered to be among the industries
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that are the most recession resistant
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because people still need food and
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drinks to live it's not like a luxury
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that can be put aside during difficult
[140]
times so food and beverage businesses
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can continue to do well even during a
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recession
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food retail stores sell food that is
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sold at grocery and convenience stores
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drug stores and food service outlets in
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the us food retail services sold for
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more than 6.22 trillion dollars in the
[156]
years
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1992-2019 so there is clearly money to
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be made in this industry here are some
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food business ideas that can be
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profitable even during a recession candy
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sales candy sales are somewhat of a
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luxury for some people but because of
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the relatively inexpensive food that
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they provide it is possible to keep
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doing well even during difficult times
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it's not surprising that one of the most
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famous candy in the world mars bars was
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invented during the great depression of
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the 1930s
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grocery stores small stores that sell
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groceries and other convenience items
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often see an increase in business during
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a recession because people are trying to
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cut back on their spending by shopping
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at small stores instead of the big
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department stores liquor and tobacco
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drinking alcohol and smoking a lot of
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cigarettes during hard times causes
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people to become more addicted to these
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vices it is no surprise that alcohol and
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cigarette sales rise during recessions
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as a result if you decide to go in this
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direction you should only provide the
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merchandise and secure a selling point
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food delivery people don't like to cook
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much but eating out regularly could be
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financially sensible during a recession
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people who like to order food online
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will help food delivery services
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continue to thrive even when the economy
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is severely hit a vending machine
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business vending machines are an
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excellent way to provide a lot of people
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with the basic food that they need every
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day such as snacks and beverages also
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vending machines can be moved to high
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traffic areas if sales in their original
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location start to decline
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fast food fast food companies attract a
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lot of stock investors because they have
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a tendency to achieve huge profits
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during good times and because they
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continue to be profitable even during
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economic downturns bakeries baked goods
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will always be in business people are
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constantly buying bread cakes and other
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baked goods baked goods are one of the
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industries that always does well during
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recessions even better than in typical
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situations you don't need to have any
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special qualifications to open a bakery
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business although you might need to be
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good with people and have good time
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management skills you won't have to hire
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very many people to start a bakery
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business but you will need several
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employees to get started if you make
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quality products that people want to buy
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you can get a lot of customers and make
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a profit
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number two retail consignment when
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economic conditions get tough people
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will stop spending money on new clothes
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but that doesn't mean people want to
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stop shopping because they love shopping
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during the last recession secondhand
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stores saw an increase in sales of 31
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percent even though other retailers saw
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their sales shrink even though the
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recession ended many years ago the craze
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to buy used clothes stayed around for a
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while it's very popular to buy used
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clothes as much as it is to buy new
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clothes people try to save money on
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things like electronics jewelry musical
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instruments and more by buying them used
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franchise businesses and businesses that
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sell used goods such as pawn shops are
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good businesses to start when the
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economy is bad
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number three health care services health
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care services are able to keep growing
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even when the economy is going through
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hard times this is due to increasing
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demand and the advances that are made in
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medicine and science there will always
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be a need for certain health care
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services but some services are more
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sought after during difficult times here
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are three types of health care services
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that will not be affected by a recession
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working with seniors aging populations
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always require care regardless of what
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their economic situation is this is
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especially true as baby boomers begin to
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get older there are a lot of older
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people who own a lot of property are
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financially secure and can easily afford
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the care that they need while they live
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comfortably
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child care it can be difficult for
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parents to pay for things like daycare
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when it becomes difficult to budget but
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it's one of the last things parents cut
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when they are struggling to meet their
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financial obligations this is true even
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if both parents are working and live in
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single family homes even if a parent
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loses their job or has to cut back on
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their hours they will still opt to have
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their children cared for there are a lot
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of benefits that children can get from
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being in an environment that is safe and
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secure even when there are a lot of new
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things happening that they might not
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understand people are receptive to the
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fact that child care is one of the few
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industries that is recession proof
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contraceptives
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are another healthcare service that is
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in demand all the time but especially
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during recessions when recessions hit
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planning to start a family can be put on
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hold there are many different kinds of
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contraceptives that can help couples
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plan their family based on the state of
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their finances pharmaceuticals
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pharmaceutical health care is very rigid
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some people are extremely worried about
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having to pay for certain medications
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but the reality is that they are not
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very sensitive to the cost and they can
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usually be delayed until their finances
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become more stable
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number four pet care business a rising
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popularity makes the u.s pet industry a
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record breaker with a total sales value
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of over 103 billion dollars in 2020
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according to the american pet products
[450]
association that number was up 6.7
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percent from 2019. even when the economy
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is bad people still love their pets and
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there are many pet care services that
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will be in demand no matter what happens
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the us pet industry is expected to grow
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at a rate of five point eight percent
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each year for the next five years
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however maintaining an average annual
[470]
growth rate of three percent to four
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percent is an interesting business idea
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even during a recession there are a
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number of pet care services that will
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always be in demand
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veterinary services the beloved pets of
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americans still need attention no matter
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what the economy is doing so veterinary
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services generally stay in demand even
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during recessions
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grooming services the number of pets in
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the home has increased dramatically
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thanks to the millennial generation who
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are buying more pets than previous
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generations mental reports that 40 of
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americans age 30 and 49 are extremely
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interested in pet care services such as
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veterinary care essential pet products
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research shows that over half of
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americans in their 30s own a cat and
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three quarters of americans in that age
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group own dogs essential pet products
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are also a very popular business idea we
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need to provide more pet care products
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and as pet ownership increases that
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demand will rise even more
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number five renovation and repair
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industry even in the best of times
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things will break down and even when
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things are bad they will happen again
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even in good times something will always
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need to be fixed during a recession
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people may even consider fixing things
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instead of buying new things if that
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happens people may try to delay buying
[543]
new things for as long as possible it is
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easy to see why repair services are one
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of the best things that good people can
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do when there is a bad economy home
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renovations and repairs are among the
[553]
important services that remain recession
[556]
proof
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it is estimated that u.s homeowners
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spend over 400 billion dollars each year
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on home improvements this means the
[563]
industry has huge potential for success
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here are a few good renovation and
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repair business ideas that will be in
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demand even during recessions plumbing
[571]
when a problem arises with your home or
[573]
your business it is not possible to wait
[575]
until a more stable economy is reborn to
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have it fixed
[579]
auto repair services when it comes to
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transportation many people depend on
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their cars and trucks to get from home
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to work they cannot afford to be without
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a car when the economy is bad so auto
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mechanics will continue to be in demand
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equipment repair and maintenance
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services any business reliant on certain
[596]
equipment will need to get regular
[598]
maintenance work done on it for instance
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office workers are not usually equipped
[603]
to repair a printer and they will need
[604]
help from professionals when they have a
[606]
problem
[607]
home repair people are not skilled at
[609]
fixing things at home so when something
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happens at home the help of
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professionals who have the experience
[614]
and are trained to fix things as needed
[617]
utilities water gas and electricity will
[620]
always be needed at home so businesses
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that employ these services will be able
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to thrive even during hard economic
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times
[627]
number six
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real estate and property management
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recessions are often good for the real
[632]
estate and property management sector
[634]
because it is when people are looking to
[636]
invest in property real estate includes
[638]
all of the land that you own and the
[640]
buildings that you live in it is an
[642]
industry that offers a very valuable and
[644]
essential service statistics from the
[646]
msci for 2019 to 2020 showed that the
[649]
u.s real estate industry was worth 9.6
[652]
trillion dollars so it is possible to
[654]
sell a house or a business premises
[656]
during a recession and still make more
[658]
money from selling it here are some real
[660]
estate and property management ideas
[662]
that can be profitable even during a
[664]
recession
[665]
property stagers professional property
[667]
stagers help sellers sell their
[669]
properties as quickly as possible and
[671]
get the best price for their homes it is
[673]
a very valuable job that will be in
[675]
demand for a long time
[677]
real estate agencies the knowledge
[679]
skills and experience that are required
[681]
to successfully sell a property is not
[683]
something that ordinary people have
[685]
as a result real estate agents will
[687]
continue to prosper even during a
[689]
recession
[690]
a rental agent business when the market
[692]
is at its bottom it is often a good time
[694]
for rich people to put money into
[696]
property investment trusts but even the
[698]
not so rich people who are struggling to
[700]
find somewhere to live will still have a
[702]
place to live
[703]
rental agents should be able to find
[705]
tenants who have a large number of homes
[706]
to rent and businesses which require
[708]
plenty of office space
[710]
number seven baby products business
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people often have to cut back on their
[715]
spending when the economy is in
[716]
recession but it is not the right time
[718]
to sacrifice on their children's
[720]
education products for babies have
[722]
traditionally been very popular during
[724]
economic downturns as families try to
[726]
reduce spending in other areas
[728]
entrepreneurs who decide to start their
[730]
own business in the baby product
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industry may be very successful as the
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market is projected to increase in value
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by a huge amount over the next few years
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baby care products will be worth more
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than 67 billion dollars by 2020 and it
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is projected that that will reach well
[745]
over 88 billion dollars by 2026
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number eight child care baby products
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are growing rapidly and the child care
[754]
industry is also growing rapidly and it
[756]
is expected that it will continue to
[757]
grow in 2019 the u.s child care market
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was valued at 54.3 billion dollars and
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it is projected to grow at a compound
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annual growth rate of 3.9 percent
[768]
through 2027 as more mothers become
[771]
empowered to work after having children
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the value of the child care market will
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also increase
[776]
number nine financial and accounting
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services those who need accounting
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services during a recession will always
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be in demand this is true even when
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there are new complex laws and
[786]
regulations being introduced every year
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accounting is a very lucrative business
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which can generate enormous amounts of
[792]
money it is predicted that the u.s
[794]
accounting industry will generate 110
[796]
billion dollars in revenue during the
[798]
2020s alone it is critical for
[800]
businesses to have their finances in
[802]
order regardless of the state of the
[804]
economy so many financial and accounting
[806]
services will continue to thrive even
[808]
during difficult times here are some of
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the recession-proof businesses in the
[812]
financial and accounting sector
[815]
tax preparation businesses and wealthy
[817]
individuals cannot afford to take risks
[819]
with their tax preparation because of
[821]
the serious consequences of not
[822]
declaring the correct tax information
[825]
accounting services hundreds of
[827]
companies hire professional accounting
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services even during a recession to save
[831]
money by ensuring all their financial
[833]
records are in order
[835]
financial planning many wealthy
[837]
individuals and organizations may seem
[839]
content during a recession but their
[841]
fortunes will quickly diminish if they
[842]
do not properly plan their finances
[844]
using all the available information
[847]
bookkeeping it is rare that business
[849]
owners and entrepreneurs have sufficient
[851]
bookkeeping skills and spare time to
[852]
accurately record their financial
[854]
transactions bookkeeping is a
[856]
time-consuming and tiring task for
[858]
people who do not have enough
[860]
bookkeeping experience so a bookkeeper
[862]
will continue to be a very popular
[864]
choice
[865]
number 10 freelancing including virtual
[867]
assistant writer and more freelancing
[870]
can be one of the most recession proof
[871]
businesses in the world even if it is
[873]
not as popular as many of the others on
[875]
this list it is possible for companies
[878]
to save a lot of money by outsourcing
[880]
certain tasks and activities to
[882]
freelancers this allows them to pay for
[884]
particular tasks as they need them
[886]
rather than paying someone to do them
[887]
permanently writing good articles for
[890]
the new york times or writing a good
[891]
table of content for a book are very
[893]
appealing but creating quality content
[895]
for businesses that need to update their
[897]
websites regularly in order to stay
[899]
relevant and improve their search engine
[901]
ranking is even more important
[903]
content creation news articles and other
[905]
types of information content require
[907]
someone who is a talented writer another
[910]
option is to hire a freelance virtual
[912]
assistant who provides many
[913]
administrative services that helps
[915]
various businesses and organizations by
[917]
working from home
[919]
number 11 cleaning companies obviously
[922]
economic conditions have absolutely
[924]
nothing to do with the many rules and
[925]
regulations that commercial and public
[927]
spaces are required to obey for hygiene
[930]
and safety reasons this alone proves
[932]
that the business of having a cleaning
[934]
service is recession proof and will
[935]
continue to be successful even when the
[937]
economy is in a bad mood cleaning
[939]
services are required for many different
[941]
types of facilities including hospitals
[944]
medical centers shopping malls beauty
[946]
salons and spas restaurants and other
[949]
places where people gather
[951]
number 12 courier services people will
[954]
always need to send letters and other
[955]
packages having delivery services is
[958]
like having a business that will never
[960]
cease to exist this is why couriers and
[962]
delivery services are among the best
[964]
recession-proof businesses courier
[966]
services are less vulnerable when the
[968]
economy is at its weakest because there
[970]
is always a need to send packages
[971]
locally nationally and internationally
[974]
even in a recession courier services can
[976]
get new customers as businesses that
[978]
normally deliver their own goods cut
[980]
costs by outsourcing to one of the many
[982]
courier companies even though sales may
[984]
fall people still need to send packages
[987]
because more people are buying and
[988]
selling second-hand clothes online the
[991]
need to deliver packages to people is
[992]
only going to increase
[994]
number 13 education businesses learning
[998]
skills and qualifications are always in
[999]
demand and therefore businesses that
[1001]
offer this kind of training can flourish
[1003]
even though the country is experiencing
[1005]
a recession many people lose their jobs
[1007]
and try to get a new job in another
[1009]
industry
[1010]
this helps the economy by boosting the
[1012]
amount of people who can buy goods and
[1014]
services that they need by providing
[1016]
people with the education and training
[1018]
they need whether it be on site or at
[1019]
home these businesses will thrive during
[1021]
a recession helping the nation to become
[1024]
stable
[1025]
number 14 digital marketing even if the
[1028]
economy is doing well or not digital
[1030]
marketing such as ceo sem social media
[1033]
campaigns and email marketing will
[1034]
always be one of the most cost effective
[1036]
ways for a business to reach new
[1038]
customers a recession will only magnify
[1041]
the need for low-cost marketing
[1042]
strategies that will enable businesses
[1044]
to generate more leads and sales digital
[1047]
marketing provides a number of other
[1048]
benefits that help businesses gain more
[1050]
customers they are very flexible and
[1053]
allow businesses to adapt to changing
[1054]
circumstances it is very flexible which
[1057]
allows a business to change its strategy
[1059]
when necessary i hope you found this
[1061]
video useful and informative please give
[1064]
us a thumbs up and be sure to subscribe
[1066]
because more incredible content is on
[1067]
the way thanks for watching
[1073]
[Music]
[1085]
you
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