What businesses do well in recessions?

[Joshua Farrell]

What business tends to do the best when there is a recession? Do you know? And if you had the choice of starting a business like that, where would you run the business?

 

[Sincerem]

Well,I would certainly go into online Businesses like affiliate marketing as these are not really affected by recession and also investing in crypto currency as it is universal and is not affected by the economic conditions of just one region.

 

[Shigobad20201]

Recession always affects the business negatively most especially offline business and that's why we need to also focus in online business, business like crypto currency trading.

 

[Holluwaphemmy]

A business that will do well in the time of the section is a business that recession does not really affect the sales because in the time of recession most business struggle. A business that will drive in a time of recession is it that deals with transportation former athlete marketing former and selling food these businesses won't run dry irrespective of the recession.

 

[Ektalakra]

Not all businesses and industries went through the same pain during the recession, some companies benefited from the recession such as health care, senior services, grocery stores, etc.

 

[Sotherefore]

Recession will generally affect all business. Even if the business you are doing is moving perfectly, you still have to spend so much money to be buying your goods and selling it for profit during recession. I can consider importation business to be the most profitable at that time.

 

[Shigobad20201]

Not all businesses and industries went through the same pain during the recession, some companies benefited from the recession such as health care, senior services, grocery stores, etc.

During recession , almost all the business in the work are negatively affected but some organisation benefited from it , most importantly the food business and the health sector.

 

[Bookwormlux1]

A business doing well in a recession is solely dependent on so many factors and not just talking about the nature of the business as there's a lot of things I get to determine how profitable business is going to be.

 

[Gandiba1]

Transportation business is one of such businesses that do well in the recession period, And this is due to the fact that people see travel a lot no matter how bad the economy is

 

[Sincerem]

Any business that deals with edible stuff will still be profitable even on recession. Although it may be a profitable business but we have to understand that recession will definitely affect all business except online business.

 

[Syldan]

Recession is a serious economic situation where there is instability in the value of the economy. in such cases almost all the business ventures suffer the consequences.

 

[Robust]

The only business that did well to me during the recession period are businesses that deals with things online, business that just deals with soft copy things like online games, online videos and others and the earn well.

 

[Popular]

All sectors virtually suffer recession but loss might be less for some sectors as it will be one of the basic necessities of life such as good stuff production and transport.

 

[Syldan]

Well no offline business can really do well in recession this is because it affects almost all sectors of the global economy though online is quite Independent and can not be much affected compared to offline.

 

[glitch]

The only business that did well to me during the recession period are businesses that deals with things online, business that just deals with soft copy things like online games, online videos and others and the earn well.

In 2020, the value of Amazon doubled. That is insane. I think that was a bad thing though because people started to rely more on them than small businesses which ended up crippling a lot of small ones both on and offline.

 

[Syldan]

Actually in a period of recession, there is absolutely no any form of offline business that can be effective to some extent including the online business too because the country will desperately in needs of way to revive the economy.

 

[Potuse]

The business that performed very well during the pandemic is the mobile Money agent business, because people are in need of money. The banks aren't opening . Also, if you are into food business then you will make money too during the pandemic.

 

[Danny4cash]

During recession a lot of people may not much money to buy what they want. So, during this period essential materials seem to be the best thing to sell. Essential goods like food, drug, cream and others that are important to our daily life will sell during recession.

 

[Smiles20]

Recensions are usually characterized by massive drop down in price. If you are into any business that has to do with financials and lending then this might be a very good opportunity.

 

[Sotherefore]

During recession a lot of people may not much money to buy what they want. So, during this period essential materials seem to be the best thing to sell. Essential goods like food, drug, cream and others that are important to our daily life will sell during recession.

I believe every business will be mostly affected. People can avoid building of houses. Food business will definitely be the most affected business since it is needed by everyone