New Poll - What Is The Best Business To Start Up In A Recession?

[xRJxP3T3x]

No one will spend money on such things as dating, love, etc. due to this recession. Many people are saving their money or taking it out of the bank. The only safe and best business to start in this recession is a temp. agency. Finding people jobs. If you believe there are no jobs out there, you are all ready wrong. There are thousands of jobs out there, people are just to lazy to get up and find them.

[FrancisR]

IMO, the best business to start up in a recession is something that focus on the health and wellness market.

Renewable energy solution is a good market too.

And Internet Marketing is also a recession proof business.

[Barkri12]

Here are 10 tips on dealing with a recession for your business:

1) Cut costs cautiously. As soon as the economy starts slowing down, many business owners think they must cut costs. But this is a short-term solution. Only cut costs or decrease your prices if it won't harm your business later. You can always lower your price - but you can't always raise your price.

2) Think Sub- contractors - especially if health care costs are putting a strain on your budget. If you have employees, consider turning them into sub-contractors. There are very affordable, month-to-month video web conferencing services that allow you to still be in close daily contact.

3) Advertise, Advertise, & Advertise! During the last recession, McDonald's almost tripled their advertising campaign at a time when their competitors, namely Burger King, were cutting back. So even though this may seem counter-intuitive, a recession may be the time to increase your marketing. Hard economic times weeds out your competition, leaving the field wide open for you.

4) Plan Long term: The Japanese are famous for planning out their strategy 15 to 20 years in advance. They follow the way of the turtle to win the race. And it works! Remember, marketing is a marathon, not a sprint. Keep marketing every month, month in and month out, not stopping and starting on a whim.

5)Choose your marketing techniques wisely. You should be keeping track of which marketing venues brings you the most business. Reduce or eliminate those marketing techniques that aren't paying off for you, or fix them so that they do increase leads and sales. And consider a form of direct marketing where you can specifically test target markets without blowing your hard earned budget.

6) Revamp your marketing tools. For those marketing techniques that are working for you, this might be the time to revamp your marketing tools. Could your sales people use more training to close the deal? Online training cuts costs and time.

7) Automate wherever you can. Find ways to automate any tasks to reduce the workload on yourself and your staff. What have you been doing manually that a computer system can do for you? Take a look at all your daily tasks and see if there is a computer solution to these time-wasters.

8) Spend your time on what really matters. Have you ever heard of the 80/20 rule? It's a proven fact that 80% of your business comes from 20% of your customers. So treat your best customers like royalty. Spend 80% of your time focusing on marketing and delivering your product or service.

9) Make do and mend. Because raw materials were in short supply during World War II, people were encouraged to "make do and mend" an item instead of simply replacing it. Consider your own expenditures: do you really need a new computer, or could you somehow upgrade your existing one for less money? Do you need a new telephone or can you get by with the old one for a while longer?

10) Reduce inventories. If you sell a product, and you believe your sales are going to decrease, this might be a good idea to reduce inventories and not restock to the same level. This is a risky strategy (what if the recession only lasts 6 months?), so be sure you know exactly how long it will take to replenish inventories once the economy picks back up.

[jonathanfigaro]

I think the recession is the best thing that happened to people in a long time! Why do i say this? I say this because Now people will start to do something that they thought they couldn't do, in order to live a better life! People are NOW realizing that THERE IS NO SUCH THING AS JOB SECURITY!!!! I think a lot of people will Not Die with there Mu Sic Still in them!! I think people will start to take responsibilities for there lives and become highly successful!!
Also, the best businesses to start online is Affiliates!! Its easy to start and you can make an amazing income, if you have the desire to Like me!

[butler68]

Business Service or Professional Service.

[WealthNet]

Lot's of good ideas and input here. For me, our internet marketing and business development consulting services continue to thrive. It's a great time to be helping other entrepreneurs find their passion and build their business.

[dalex]

1) junk removal... people have to leave their homes and leave stuff, realtors have to hire companies to remove the clutter as it becomes too much to handle, I saw a xbox thrown out with other good stuff by a junk removal company.

2) repo men

3) services to help people get jobs, resume writing etc

[belablasko]

I think you can start any business as long as there is passion in it and you can offer a unique service/product.

Too many people have become frightened of the word, recession. They let this fear drive their drive now and that is why they end up losing their job, home.

We need to be positive, I think this is a perfect time for our economy to be switching to something new, like green

[Ksaberni]

Real Estate, especially near college towns.

[DBeavers]

I noticed a number of people mentioned health care as an industry that is more resistant to recession. But for those who have no health care skills, their options for this industry are limited - Unless you provide a product or service to the health care providers.

I sell promotional advertising, and hospitals, other health service providers, and pharmacies are one of my better markets. All of them need products they can give away that carry their name and logo.

Cost-effective advertising almost always does well during economic downturns - That is a fact that is based on businesses needing to do more advertising when times are bad than they do in good times.

So position your self in the best segment of the advertising/marketing field, and reap the benefits of providing the tools that business and industry need to not just survive, but thrive in the bad times.

And once they make it through the bad times, those same customers will generally remember how effective your products were in the bad times.

And some of those same clients will brag about you and pass your name on to other prospect, providing a new base of targeted clients to call on.

I actually started my business at the depth of the oil drilling decline in the mid-1980s, and have grown tremendously since then, allowing me to be a work-from-home Dad for more than two decades.

Dennis Bevers

[vistaa]

Wow nice.Thank you.

[mark6789]

- Bottle Shop (alcohol)
- Insolvency Accounting firm
- KFC (people eat more takeaway instead of going out to restraunts)
- Do it your self kits (people dont wont to pay someone to do something they can do themselves)

[CollegeBiz]

Buzzirk Mobile is a great option.... if anyone interested contact me
Great plans for this times
Truly unlimited calls/text/internet
No contracts No credit checks...

The opportunity is here...

[CollegeBiz]

I think Buzzirk mobile is a great opportunity

[lilg1989@gmail.com]

I heard someone say credit repair and that was a very good 1