Recession Proof Business

by Chuck
(MD)

Is there really such thing as a recession proof business? That depends. I’d say the three safest businesses to own, even in a bad economy is a casino, strip club or liquor store. While those ventures aren’t for me personally, I’ve found that they thrive, especially in a bad economy.

That being said, I prefer more conservative business ventures. Here are five examples of a potential recession proof business:

1. Candy Machines: Vending machines are typically a pretty steady business. I’ve talked with several vending machine owner/operators and they all told me that sales were pretty consistent, year to year.

2. Oil Change Center: With a bad economy, people keep their automobiles longer. That means they spend more money on maintenance. And even in a good economy, people tend to maintain their car.

3. Thrift Store: People love to shop, even when they don’t have lots of money. If you visit any local thrift store or second hand store, you will find plenty of shoppers. Everyone is in search of a deal and will gladly buy something used, for a fraction of what it would cost new.

4. Network Marketing: More and more people are looking to start their own home based business. When people lose their jobs (or income) many of them will search the internet in search of finding their own home based business. Now is a great time to be involved in network marketing.

5. Hot Dog Stand: Some people might laugh at this one, but I’ve found that people have to eat. And hot dog stands are a great recession proof business. That’s one of the reasons the McDonald’s and Burger King’s do so well. When people can't afford to go to a good restaurant, they get fast food instead. They offer cheap food. And a hot dog stand is a good alternative to a traditional burger joint. I know a couple people who make a substantial income selling hot dogs from a local stand, even in a bad economy.

In summary, these are five examples of a good recession proof business. Obviously, these are just my opinion. Like anything in life, you should do your due diligence before you choose a business. All businesses involve some type of risk.