Recession proof niches

Asked by: chris11
Date:
Viewed: 244
Answers: 1
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Hi,

What niches worth going into that are doing good during a recession?

Answers

Answer by: ChristianKovats

Answered on: 21 Jul 2023

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A recession-proof niche is a business or industry that is resilient against economic downturns.

Examples of recession-proof niches include essential services such as health care, education, utilities, and transportation. Other recession-proof niches include consumer staples such as food, beverages, and pharmaceuticals.

Additionally, technology-based businesses can be relatively recession-proof due to their potential for growth and cost efficiency, as well as digital services like streaming and subscription services.

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