5 Thriving Businesses In A Recession

By: Isabel Isidro
Trading Assistant – In a recession, more and more people are looking to sell some of their unused and unwanted items at home to get some extra cash to pay bills. While many have heard of online auctions such as eBay and classified ad sites as Craigslist, there are those who do not have the time or the knowledge to sell their things online. eBay has a program called eBay Trading Assistant that allows other users to sell items of other people on eBay. Trading assistants photograph the items, write the descriptions, and create the listing on eBay or Craigslist as well as handle all aspects of the sale. They earn a commission based on the sale price of the items they sell.
Auto Repair and Maintenance. People tend to forego buying new cars when money becomes hard to come by and cheap credit is not as easy to get. Instead, they’re more likely to keep their cars, which entail spending money on car maintenance. As such, there is a big opportunity for this business when the market goes down. An auto repair business has a lot of opportunities in a recession. You can opt to go with an automobile franchise, or find a troubled shop with potential to buy at a bargain price.
“Green” Home Businesses – Every industry is turning green, from manufacturing to fashion designing. Helping the environment is starting to seep into the mindset of the consumers, as more and more are turning to products and services that protect the environment. There are huge opportunities in a “green” home business, such as business opportunities offering environment-friendly gardening practices through organic products. Business waste consulting is also a growing field where home based entrepreneurs can advice businesses on how to efficiently deal with waste disposal, trim down their waste disposal costs and realize extraordinary savings.
Virtual Assistant – The virtual assistant industry is growing as businesses reduce their costs and outsource some basic functions. A virtual assistant, or VA, is a highly skilled professional who in more ways than one, serve as administrative assistant except the communication and work are all done online or via email. VAs provides administrative support and other specialized services to businesses, entrepreneurs, executives, and others who are unable to hire a full-time employee but need support. This can be a low-cost and recession resistant home business.
Eldercare – One reality we all face is that whether the economy is going up or down, we are all going to go old. Services such as adult daycare facilities are still going to be needed. However, if you are targeting the baby boomers market, most of which relies only their retirement funds (that may be shrinking) as their main source of income, this may be the group that will be tightening their belts even more. So niche travel for the active boomers may be hard hit during tough economic times.
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