Many experts believe we are closing in on a recession in 2023, as the impact of several Federal Reserve rate hikes continue to filter through the economy (among other reasons). A typical result of a recession is a down stock market, which many investors in 2022 know well. But not all investors realize some industries are more immune to a recession than others. Here are some recession-proof industries to consider to help you weather the storm. Like online agencies, online software companies have less fluctuating overhead than many businesses.

• Food is necessary, and grocery stores provide the sustenance people need to live.
• Traditionally, merchant account providers would lock you into a long-term contract (usually with an early termination fee) in exchange for payment processing.
• Since virtual assistant services can be provided remotely, it offers businesses a way to outsource specific tasks without the need for additional physical office space or staff.
• Consequently, these effects from the pandemic skyrocketed the number of purchases for children’s books, games, and crafts, among others.
• The listed recession-proof business ideas cover various industries, from automotive services and child care to real estate and healthcare.

Among them, advertising, promoting affiliate products, and selling your own products or services. While online content can thrive in good times, I believe it can certainly be recession-proof as well. By online content I mean creating your own website, podcast, or YouTube channel.

Recession-Proof Business Ideas for Every Startup Budget

Startup expenses for a senior nutrition business can be relatively low, but they normally include the cost of marketing collateral and advertising. You can expect you’ll need some type of professional space to meet with seniors or their family members, or you could go the route of meeting them directly in their homes. Growth prospects for the business are high due to the large population of baby boomers who will eventually need these specialty services. Get our 5-minute email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies. Pet grooming service includes bathing, nail clipping, and brushing of pet animals. Grooming pets ensure they remain healthy and enjoy an improved physical appearance.

As the economy contracts, so also do the birth rates in developed nations. But, keep in mind that just before a recession usually you see a trend of higher birth rates and thus the reason for more daycares. If you look back at 2007, just before the 2008 and 2009 recession, there were more births recorded than ever before in US history. The National Association of Resale & Thrift Shops, being the second-largest resale trade association, surveyed its membership regarding sales from 2008 to 2009, which was a period of recession. A total of 263 stores responded to the survey, with more than 64.1 percent stating that sales increased. Store owners have noted that the increase was approximately 31 percent.

What Happens in a Recession?

Post an ad for your services on Craigslist and you’re likely to start getting some business. You can continue to re-post the ad to keep it fresh recession proof business ideas so new customers will keep finding you. Other apps and websites like Thumbtack and Angi are also great for advertising your business.

• But this business idea requires a lot of marketing skills to garner a “student body,” so to speak, so we wouldn’t necessarily recommend it if you’re shy on the self-promotion front.
• When people can’t find work, many end up going back to school to level up their skills.
• New businesses and startups will particularly want to check out some free project management solutions.
• A good place to start is speaking with a qualified professional who can help you get your business started now.
• There were a total of 86,212 centers in 1992, with that number jumping to 111,506 in 2001.
• Content writing is a highly-on-demand service, as companies compete for the online audience who often begin their shopping journey by searching for relevant and educative content online.