We are in the middle of the recession and many people are searching for recession proof businesses to start. So Here are few Recession proof Businesses that you can start during the time of recession.
01) Video Game Sales -
Americans purchased $21.33 billion worth of video game systems, software, and accessories in 2008 with hardware sales climbing in December to $1.88 billion. Despite a recession, Americans still enjoy their entertainment options - or perhaps we should say, because of the recession, Americans look toward more entertainment options. As a recession worsens, Americans like to "escape" from reality and find time to play. One recession proof business you can start is a video games sales store - either virtual (on the Internet) or physical (brick and mortar storefront).
02) Dating Site or Service -
People are always looking for love - especially in a recession! In 2008, users spent $1.18 billion on online dating services. According to eMarketer, this is expected to grow to $1.65 billion by 2012. Starting a dating site isn't too complicated these days - you can purchase off-the-shelf software to create your own. A lot of the expected growth will happen in niche topics (affinity topics such as Christian, Jewish, doctors) and we recommend focusing on a niche for your dating site.
03) Wedding Services -
The wedding market is flush with opportunity! You could look at opening a bridal shop, provide catering, and provide wedding services. People spend money on weddings - the average wedding cost over $30,000 in 2008! There are a variety of services you can provide - custom invitations, wedding planning, photography, honeymoon planning, or providing music. There are few things people are willing to spend "whatever it takes" and a wedding is one of them.
04) Cosmetics -
One of the industries considered recession proof is cosmetics. Women continue to want to look beautiful despite any financial considerations and will continue to spend money on cosmetics. In the fourth quarter of 2008, Avon's net income rose 80%! This strength through a recession makes cosmetics an ideal business to pursue.
05) Home Products -
Home products continue to be a strong market through good and bad economies. We recommend starting a distribution company for this market - help move home products from manufacturer to retail. This provides an opportunity to enter a market full of large companies without taking on the expense of launching a home product brand. Another niche in this market is to start a "green" home products business - selling cleaners, paper products, and homegoods which are environmentally friendly.
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