Starting A Business During A Recession: Everything You Wanted To Know!

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Updated: October 19

By: Scam Risk - Expert Reviewer

Starting A Business During A Recession

The COVID-19 outbreak triggered a surge in the number of Americans launching their own businesses, which shows no signs of subsiding.

However, due to increasing inflation and global events, many small businesses are concerned that a recession might occur as soon as this year. There is no such thing as a recession-proof business since each financial crisis is unique.

However, certain businesses have characteristics that help them survive difficult economic times. I questioned company owners who had survived the 2008 recession and the economic downturn at the outset of the pandemic about what made their business models resistant to the pandemic.

Dig deeper to know more about recession-proof businesses and have a recession-proof business ideas.

DISCLAIMER:
This Starting A Business During A Recession Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.

Table of Contents

Pros: What I Liked

  • Lots of choices
  • Very profitable
  • Some can be done at home
The Good

Cons: What I Didn't Like

  • Requires a lot of money
  • High risk
  • Need extensive research
The Bad

There are countless information courses floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.

And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re super passionate about – into sustainable, reliable income. Just like Starting A Business During A Recession. Here’s the hard truth, though…

Most of these programs:

  • Take way more time than you’re led to believe
  • May have hidden fees
  • Require you to buy multiple upsells in order to get the “real” information

But most importantly, a lot of these programs just don’t scale.

“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.

The problem is, most programs out there make it hard to make money at first, and even harder to keep making money.

In other words, you might be able to make some money in the beginning, but it won’t be sustainable and you’ll end up getting discouraged.

This is the exact opposite of passive income.

When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.

So, what if there was a way you could build a passive income stream that’s actually passive?

An income stream that doesn’t require:

  • Inventory
  • Selling to friends and family
  • Selling to strangers
  • Recruiting people
  • Dealing with questionable products that weigh on your conscience

An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?

An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?

If that sounds like something you’d be interested in, check out Digital Real Estate. 

This is nothing like Business, and that’s probably a good thing.

However, if you’d still like to know more about Starting A Business During A Recession, keep reading.

What Are Recession-Proof Businesses?

What Are Recession Proof Businesses

Recession-proof businesses are often in industries that are unaffected by an economic downturn. These are often industries that everyone requires, even when money is tight. Businesses that supply basics are the sort of businesses that is the best when the economy starts to falter.

Home and vehicle repair businesses, for example, perform well, as do public services such as plumbing and electricity, food stores, and so on. So, if you’re looking for recession-proof businesses to invest in, keep reading to find out which ones have the highest chance of surviving in an economic storm.

10 Best Businesses To Start In A Recession

1. Home Repair Business

Home Repair Business

Your toilet, stove, garage door, leaking roof, and other household items prone to breaking don’t care if the economy is busting or booming. While some individuals are handy enough to repair those items independently, most of us are not.

Starting your own home repair business is a no-brainer if you’re handy around the house or a registered plumber, electrician, or HVAC professional.

2. Accounting Services

Accounting services are another high-demand sector, even if times are tough. They may be in even greater demand during a recession as businesses look for ways to cut costs. Even in a downturn, businesses must pay their bills and maintain track of payments and earnings.

They’re not going to fire the person who understands the figures. If you’re skilled with numbers or accounting, starting a similar business might be one of the best recession-proof businesses!

3. Cleaning Services

I don’t imply that house cleaning services will increase during a recession. Other places where cleaning services are legally needed are likely to be recession-proof. A cleaner is required in any workplace, including banks, office spaces, classrooms, hotels, and lobbies.

These duties are typically outsourced to a cleaning company. Even if a company has to reduce its staff, it will still require a cleaner. Corporate cleaning companies are regarded as recession-proof businesses since they provide a consistent source of income even when the economy suffers a downturn.

4. Technology And IT

On the other hand, quarantines and social isolation have demonstrated that technology will be even more in need in the next years. Telecommuting and working from home are only going to become more popular, especially as more businesses realize it’s viable and saves money on overhead costs like rent.

Working from home is also anticipated to raise demand for IT-related businesses, as businesses everywhere need to upgrade their telecoms.

5. Vending Machine Business

This business model concentrates on providing daily essentials such as food and beverages. Another advantage of a vending machine is that it may be relocated to a high-traffic area if sales decline in its original location.

6. Bookkeeping, Accounting, Or Financial Planning

Except for taxes and death, nothing is guaranteed. Also certain: most individuals do not want to do their own taxes. However, in times of negative economic growth and economic uncertainty, individuals and small businesses may require more financial planning, asset management, and general financial guidance.

Because of COVID-19, small business owners may need assistance in understanding new financing options, such as the SBA’s Paycheck Protection Program and Disaster Relief loans.

7. Freelancing

Freelancing is one of the best recession-proof industries to consider. Regardless of the state of the economy, freelancing in your field of expertise is always a viable, low-investment choice. However, it is an extremely beneficial revenue stream during economic downturns.

8. Childcare/Daycare

While it might be tough for parents to pay for childcare when budgets are tight, it is usually one of the last costs cut. This is especially true if both parents work or live in a single-family household. Even if a parent loses their work or needs to reduce their hours, they will choose to keep their children in daycare.

There are several advantages for younger children to be in a safe and secure setting, particularly when there is a lot of change that they may not understand. As a result, childcare services are one of the recession-resistant industries.

9. Courier And Delivery Services

People will always need mail. As a result, courier and delivery services are among the top recession-proof businesses. Even if sales are down, there is still a need to ship items. And, as more people purchase and sell used items online, the need for delivery will only grow. Some businesses may even outsource their courier services needs.

So, whether it’s rainy, sunny, or recession, there’s always a need for delivery services.

10. Pet Care Business

Pet Care Business

In 2020, the national pet industry will surpass $100 billion in revenue for the first time in history! As a result, pet care and supplies are increasingly proving to be recession-proof businesses. Start planning now and look for ways to use the current economic downturn to help your business idea grow into a lean, recession-proof company.

Is Starting A Business During A Recession A Scam?

Is Starting A Business During A Recession A Scam

So, is Starting A Business During A Recession a scam? Not technically. You can make money with this business model, but it’s definitely not as easy as they make it sound.

There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – it doesn’t scale. Now, there’s nothing wrong with front-loading the work and making the money later.

But if you’re grinding it out for 3 months and then your reward is being forced to grind it out for another 9 months before seeing any “real money,” well…that’s not a great deal, is it?

What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?

And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?

And what if you could double it next week?

Well, that’s the power of Digital Real Estate

And you can legitimately do this from anywhere. It’s a true lifestyle business.

Your laptop and an internet connection is all you need.

Some of the most successful students in this program run their entire 6-figure businesses from:

  • A camper in the middle of the woods
  • A beach chair on the water in Mexico
  • A small villa in Greece

They’re able to travel around, living their lives first, and focusing on their income second.

Because even if they stop working for an extended period of time, the money keeps coming in.

So adventure, memories, and experience are the top priority.

And they never have to worry about how to pay for the next trip, or consider asking for time off.

If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.

Are There Alternatives To Starting A Business During A Recession?

Yes, there are plenty of other business models to choose from if you want to pursue making money online.  Here are just a few:

What Is My Top Recommendation In Making Money Online In 2022?

Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.

While there may be no “perfect business”, the research IS conclusive:

Digital Real Estate is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.

Why?

1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.

And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.

Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.

This is only possible if you have an income stream that’s not tied to your time.

2) You Own & Control EVERYTHING: With business, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”. Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely. With Digital Real Estate, you own the assets, which means you have all the power and all the control.

3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.

Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

4) No Inventory: Alright, so most business doesn’t make you buy the products and fill your garage with them anymore (unlike the good ol’ days), but you’re still in a physical products business.

And physical products always have physical limitations. Even if you don’t have to manage the inventory, you still have to deal with supply chain shortages that cause major delays.

Imagine finally landing your first customer, and then losing them after one sale because they had to wait 6 weeks to get their order. With Digital Real Estate, a 100% online business, you never even have to think about that risk.

5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).

Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier. Because you have more knowledge, more experience, more results, and more momentum.

If you wanted to double your income with Starting A Business During A Recession, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.

6) Make Money Helping Real People: With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:

Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses. You make money by helping them make money.

Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.

Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.

Now, the choice is yours. You could continue browsing, looking at opportunities like Starting A Business During A Recession which could one day make you money. You could continue researching, never making a decision.

OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.

A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits. All while genuinely helping real people who are grateful and happy to pay for it.

If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate

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