10 Businesses That Thrived During A Recession
1. Grocery stores
grocery stores are one of the few businesses that actually do well during a recession. People may not be able to afford to eat out as often, but they still need to eat. In fact, grocery store sales actually increased during the last recession.
2. Discount retailers
Discount retailers like Walmart and Target also tend to do well during a recession. People are looking for ways to save money, so they are more likely to shop at these types of stores.
3. Drug stores
Drug stores are another type of business that does well during a recession. People still need their prescriptions, and they may even cut back on other types of spending in order to afford them.
4. Home improvement stores
Home improvement stores like Home Depot and Lowe's also see an uptick in business during a recession. People may not be able to afford to buy a new home, but they can still make improvements to their existing home.
5. Auto repair shops
Auto repair shops also do well during a recession. People are less likely to buy a new car during tough economic times, but they still need to maintain their existing vehicles.
6. Janitorial services
Janitorial services are another type of business that does well during a recession. Even though businesses may be cutting back on other types of spending, they still need to keep their premises clean.
7. Child care
Child care is another essential service that does well during a recession. Even though parents may be cutting back on other types of spending, they still need to care for their children.
8. Maid services
Maid services are another type of business that does well during a recession. People may not be able to afford to hire a full-time maid, but they may be willing to pay for a one-time cleaning service.
9. Laundry services
Laundry services are another type of business that does well during a recession. People may not be able to afford to buy new clothes, but they still need to wash the clothes they have.
10. Funeral services
Funeral services are another type of business that does well during a recession. Even though people may be cutting back on other types of spending, they still need to bury their loved ones.
Share Post
Recommended Post
Futonland Coupon: The Best Way To Save Money On Futons
The Best Copy Coupons For Your Money
How To File A Seller's Permit Surety Bond In California
Corelife: How Their Meal Plans Can Help You Save Money And Eat Healthy
Tips For Using Your Zala Hair Coupon
How To Choose The Right Fuji Instax Refill For Your Camera
The Best Home Depot Credit Card Deals
How Do You Know When It's Time To Walk Away From Your Job?
Why Pursue A Data Warehouse Architect Certification?
Why Personal Finance Is Important For Your Future
How To Get Free KFC Bucket Meals
3 Benefits Of Personal Finance Review