Making money in a Recession

[Russ H]

Mods, I know there is another thread on this very topic, but I couldn't find it.

Could someone please post a link to it, and we'll join them?

Thanks!

******

Some businesses make more money in down times.

During the bank run, I joked that owning a safe building company was a good business (sales of safes were 300-700% above average, as people took cash out of banks).

Here's another great recession/depression business:

Recession-hit Americans flocking to movies - Yahoo! News

Others?

-Russ H.

 

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[AroundTheWorld]

I know there were a few different threads.

Here is one: http://www.thefastlanetomillions.com/general-business-discussion/16656-prepare-worst.html

 

[TaxGuy]

Mods

I know you're not a mod anymore, but I just couldn't resist

Russ H
Level: Moderator <----
Joined: Jul 2007
Locale: Napa Valley, CA
Age: 47
Posts: 2,400

<----


In all seriousness though, is this the thread you're thinking about- http://www.thefastlanetomillions.co...cussion/17187-recession-proof-businesses.html

Here's one of the ideas from MJ-

Consignment stores, Goodwill stores, thrift stores ... all do better in hard times.

 

[Allthingznew]

It doesn't appear too many here are using an Iphone to know much about their apps, but there are people making $800 a day selling .99 cent Iphone apps.

In tough times, people will still indulge a little, they need to.

 

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[Banthaman]

It's not so much an indulgence as it is a cost analysis. Most people see .99$ and think, It's not even a buck But I guarantee you the Mid-line apps (30$-50$) have a different base and fall a bit more in the "do I really need that game/program?" area. As movies go they really have to be worth it as economics go down. Hollywood's biggest problem is out of the hundreds considered only about 50 make it to the box office per year. Of that 50, 5 might be cash cows and (for lack of a better description) the rest suck. Statistically G/PG movies far out perform R virtually every time but what seems to be made more?

 

[ramy98]

I wouldnt be surprised to hear liquor stores doing better in recessions.

 

[Charmed Angel]

I wouldnt be surprised to hear liquor stores doing better in recessions.

I agree. :smx6:

Recession? Eat, drink, smoke and be merry - International Herald Tribune


I have no Idea how to make this link fancy with a title instead of www.blahblahblah Guess I still have a lot to learn. :smx4:

oh, guess it does it automatically

 

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[andviv]

I found this article, that helps when thinking about "hot markets" for 09:

Predictions: 9 For '09 In Executive Careers - Executive Careers - CNBC.com

 

[Allthingznew]

I found this article, that helps when thinking about "hot markets" for 09:

Predictions: 9 For '09 In Executive Careers - Executive Careers - CNBC.com

Kind of a sad commentary when the number one goes to the government and the last on the list is new business.

 

[job.startup]

You can always make money participating in experiments/taking surveys.

 

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[Luke12321]

Yeah, the best way for sure to make some money is take survey's for pennies!

Take 100 of them, get paid $5...invest that in a savings account for 10 years and you will have....$10!

That is so fastlane indeed!!! :coco:

 

[andviv]

Well, it may not be too far fetched...

see what the second guy featured in this article does for a living:

Unusual -- and legal -- ways to make money - CNN.com