Virtual Entrepreneur

Home Biz Ideas That Thrive During Recession

June 8th, 2009 | Author: Miss Money

PowerHomeBiz.com:
1. Food business. Food is one business that remains strong during a recession. People still need to eat and drink no matter how bad the economy, though many are cutting on dining out and instead are staying at home and cook! People still line up in groceries to get their fresh bread supplies. Brides still need their wedding cakes, and so do children celebrating birthdays. The key is to customize your products to fit in your buyers’ shrinking budget. Sales of chocolates are also up as consumers treat themselves to smaller (and cheaper) indulgences that they can do from the comforts of their homes.

However, do check out your county’s laws regarding cooking and preparing food for commercial purposes from your home kitchen.

2. Financial advisor home business. In times of confusion and fear — shrinking retirement funds, increasing debt, downhill investments, etc — there’s a huge number of people who need guidance on the steps they need to take. Small business owners are looking for advice on how to deal with unexpected financial constraints. Families and individuals may be looking for advice on how to manage their finances given their new budget reality. Investors, particularly retirees, need help in protecting their nest eggs and finding any opportunities in a down market.

3. Home staging. With the real estate hardest hit by the recession, home sellers need all the help they can get to increase the appeal of their properties and find buyers. The real estate market has increasingly turned to home staging experts, who prepares the property for showing from furniture arrangement, landscaping, even removing funky smells in the house. Banks handling foreclosures and real estate agents are in need of home stagers to get their properties sold more quickly. This is one recession resistant home business that interior-decorating aficionados and those with a keen eye for design can seriously consider.

4. 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.

5. “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.

More ideas here.

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