Mika
VIP Contributor
When you are trying to launch a business, you will have to choose a niche that is not only evergreen but also recession-proof. Here are three businesses niches that are recession-proof.
Healthcare: Recession or no recession, people need health care services, therefore, if you want to build a sustainable business consider starting a health care business, you can open a clinic, hospital, nursing home, pharmacy, online counseling, medicine apps, etc.
Utility Provider: People need internet, telephone, electricity, gas, water, etc. Therefore these businesses will never go into recession. You can start providing these services, or become a reseller.
Bargain Stores: During the recession, people like to save as much money as they can, therefore, they will always shop in bargain stores, where they can find products for cheap. Bargain shops are evergreen business that never goes out of fashion. You can launch an online or offline bargain shop depending on your market and capital.
Healthcare: Recession or no recession, people need health care services, therefore, if you want to build a sustainable business consider starting a health care business, you can open a clinic, hospital, nursing home, pharmacy, online counseling, medicine apps, etc.
Utility Provider: People need internet, telephone, electricity, gas, water, etc. Therefore these businesses will never go into recession. You can start providing these services, or become a reseller.
Bargain Stores: During the recession, people like to save as much money as they can, therefore, they will always shop in bargain stores, where they can find products for cheap. Bargain shops are evergreen business that never goes out of fashion. You can launch an online or offline bargain shop depending on your market and capital.
