This Is Top 10 Recession-Proof Industries

10.  Restoration

Antique Restoration is the practice of making junk items, and bringing them back to working order, sometimes better.  Sure, they purchase items to restore and sell, or they do the restoration work for other sellers, but that is only half of the business model.  The other half is restoring childhood memories.

Tattoo Artists

Even in bad economic times, people will splurge a little on luxuries.  The reason is that people want to give themselves a little extra something when times are tough, and a tattoo will last until you decide to get rid of it yourself.  Also, the unemployed get more tattoos because they do not have to adhere to any company dress code.

Repair

An unfortunate side effect of using an item is that it will break down.  During good economic times, we feel more indulgent with our money and are more likely to replace our items.  When the economy turns south however, the trend shifts and everyone wants to repair items and keep them going as long as possible.

Repossession

When money gets tight, we tend to slip on paying our bills from time to time.  For any of the utilities, if you do not pay, you will get turned off and you will have to pay a higher fee to get it turned back on.  When it is an item that you are buying through a payment plan and you neglect to pay, the rightful owner will try to get it back after a set amount of time has passed: usually three months, sometimes longer.  After they obtain the right to get their item back, they turn to a repossession agency to do so.

Discount Chain Stores

When the economy tanks, a lot of people want to make sure their money last as long as possible.  Every dollar should count outside of recessions too, but a lot of people are not as foresighted when times are good.  In bad times, everyone starts heading over to the Wal-Mart to fulfill their daily needs; even people that are against it philosophically will shop there.  When you feel that you are struggling, no matter how true it is, you tend to look for bargains.

Freelance/Temp Work

Work needs to get done, even during a recession.  Companies are feeling the crunch too, and have to let go of employees sometimes.  They need someone to take over the burden of the let-go employees and the increasing paperwork.  There’s only so much extra work the company can place on the remaining staff and still be productive.  Sometimes they have to rely on temporary staffing to meet the demands of the recently let-go staff.

Fast Food

During a recession, people cannot afford to pay upwards of $20 a person for a quality meal at a fancy restaurant.  They might be able to do that once in a while, but for daily meal options, they need some place that deals in quantity over quality.  While not the ideal for proper nutrition, any of the fast food providers can do this.

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