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What types of businesses work well in a difficult economy?
What businesses thrive during difficult times? Since we are in tough times, if not a recession altogether, what businesses would or are doing well in this type of economy?
No spam please – just business ideas. I don’t need your affiliate or spam links
Companies will become increasingly focused on their ROI and ROA, so consulting firms that focus on effective marketing metrics, supply chain management, and so on should see an increase in business. Of course, staple foods and goods should be safe if they are efficient enough.
In general, I’m a fan of anything that offers real value to any group. These companies don’t have to worry about economic swings. If your company provides frivolous goods or unnecessary services, this probably isn’t your time. (Sorry, not a good time to open a mani and pedi cigar bar.)
4 Responses to “What types of businesses work well in a difficult economy?”
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July 3rd, 2009 at 10:05 am
creative advertising —
people will want business…. they’ll have to advertise their discounted rates in some way.
I think advertising designers and marketing people will have a boom in the next few months.
References :
July 3rd, 2009 at 10:25 am
Companies will become increasingly focused on their ROI and ROA, so consulting firms that focus on effective marketing metrics, supply chain management, and so on should see an increase in business. Of course, staple foods and goods should be safe if they are efficient enough.
In general, I’m a fan of anything that offers real value to any group. These companies don’t have to worry about economic swings. If your company provides frivolous goods or unnecessary services, this probably isn’t your time. (Sorry, not a good time to open a mani and pedi cigar bar.)
References :
July 3rd, 2009 at 10:39 am
Home based businesses are more likely to thrive in difficult times as their overheads are extremely low, also if the business offers customers a way of saving money on things they buy or use everyday then growth is more than likely.
I work from home and we are about to launch a new service which is likely to experience massive growth, particularly because of the difficult economic times.
If you would like to find out more get back to me.
Douglas
References :
July 3rd, 2009 at 11:00 am
Hi im John,
I’ll fill you in on a business that needs no money to invest and pays well once a lttle work has been done. I started a business myself. Flyer delivery for small businesses. I mean places like Bob’s pizza or Ashley’s hair salon. These small guys need to advertise with flyers. They dont have the money for tv. Heres where i get your attention. You offer to deliver Bob’s pizza flyers for 5 cents a flyer door to door. Find three more little guys and you have 20 cents a house. Now you can put up your own flyers offering a job that pays $14 per hour. Paying your deliver 10 cents and keeping the other ten cents. FOr every 500 flyers they deliver the pay is $50 dollars for them and $50 for you. Dont stop here!! Get four flyers from small guys in different towns and hire people in these areas. With only one person delivering four flyers/20 cents, five days a week, makes you $250 a week. Four flyers in another town is another $250, and so on for as many flyers you secure.
No bank loan or start up cost, no risk. I have three people in different towns. Each making me $250 A WEEK. $750 A WEEK. There you go, not a scam. Free. This bussiness would work well in any economy. THese guys need to keep advertising in hard times more than good. A poor economy means more need.
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