The global economy is predicted to enter a period of recession in 2023, and businesses will need to adapt in order to survive and thrive in these challenging times. However, every cloud has a silver lining, and there are a number of business opportunities that can actually thrive during a recession. Here are 23 profitable business ideas for the 2023 recession.
1. Debt collection agency: With more people struggling to pay their bills, debt collection agencies will be in high demand.
2. Budgeting and financial counseling services: People will need help managing their finances during tough economic times.
3. Affordable luxury products: Consumers will still want to treat themselves, but at a more affordable price point.
4. Discount retailers: People will be looking for ways to save money on everyday items.
5. Repair and maintenance services: People will be more inclined to repair items rather than replace them.
6. Home-based businesses: With many people working from home, there will be a greater demand for home-based goods and services.
7. Subscription services: Businesses that offer a subscription model can provide a regular income stream.
8. Renewable energy products and services: With a growing emphasis on sustainability, businesses in this sector will continue to thrive.
9. Health and wellness products: People will be looking for ways to stay healthy and relieve stress during tough times.
10. Online education and tutoring: With more people opting for remote learning, there will be a greater demand for online education and tutoring services.
11. Essential home services: Services such as plumbing, electrical work, and HVAC repair will always be in demand.
12. Food delivery and meal prep services: With more people staying in, there will be a greater demand for convenient meal options.
13. E-commerce businesses: People will continue to shop online during a recession, making e-commerce businesses a profitable venture.
14. Home improvement and DIY products: People will be more likely to invest in home improvements rather than move to a new home.
15. Virtual event planning and management: People will still want to celebrate important events, but in a more cost-effective and socially distant way.
16. Personal grooming and self-care products: People will be looking for affordable ways to maintain their appearance and well-being.
17. Home cleaning and organizing services: With more people spending time at home, there will be a greater demand for cleaning and organizing services.
18. Telemedicine and virtual healthcare services: With an emphasis on social distancing, virtual healthcare services will continue to be in demand.
19. Pet care and grooming services: People will continue to prioritize the care of their pets, making pet care services a profitable business opportunity.
20. Online entertainment and streaming services: With more people staying in, there will be a greater demand for entertainment options.
21. Rental properties and real estate investment: With more people opting to rent rather than buy, there will be a greater demand for rental properties.
22. IT and cybersecurity services: With an increase in remote working, businesses will need to invest in IT and cybersecurity services to protect their data and systems.
23. Online fitness and wellness coaching: With more people seeking to stay healthy and active, there will be a greater demand for online fitness and wellness coaching services.
In conclusion, while a recession may present challenges for businesses, there are also numerous profitable opportunities to explore. By adapting to the changing economic landscape and focusing on providing essential goods and services, businesses can thrive even during tough times. As the saying goes, necessity is the mother of invention, and the 2023 recession may just be the catalyst for innovative and successful business ventures.
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I really love this channel . Actually gives awesome business ideas ❤
"A wise person should have money in their head, but not in their heart." – Jonathan Swift
Great content. Let me suggest that you slow your speaking down by about 25%.
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These are such shit ideas, I can’t believe these are real. If you want to stay poor, listen to this guy.
If you don’t know who the mark at the table is, I’ve got bad news for you.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for..
Worst ideas I ever heard honestly
Great video thanks
This is genius!! this video is creative and unique and very much different from the saturated videos on this content.
I love how the " Guru's" when not just posting picks of themselves holding 100$ bills feel the need to say how much money they are earning / spending (in this case). The majority of this guy's business model depends on convincing the inexperienced that he can help them. " Hey look at me! I spend 4k a month on just a guy who does my tweets!" fuck off with the lies. Your business is very obviously praying on the ill informed.
Wow
Great ideas thanks
Check the laws about renting a car…..in Minnesota, you can lend your car to someone ; if they get a DWI, you could be made to put WHISKEY PLATES on your car/ increasing your insurance
Who is your target market for shrimp breeding. I mean other than people with fish tanks. And once they get some, they’ve got them. What next?
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Noah is always authentic ✅
You make more money with this video than anyone could make with these ideas, real genious.
#1 0:23 Reviewing Credit Cards
#2 0:49 Content Remixer
Noah Is always offering the best ways to make money!
Good luck getting anybody to go through your bills
https://www.youtube.com/watch?v=VCPH34QClX4
#bcsbrandconsulting
Shrimp breeding was the only practical idea in this vid.
What you been smokin###ing
"help your friends cut their bills and then take a cut of what they save" – so are they really saving anything? probably not because theyve literally stopped spending money on stuff to then start using that money to pay you… thats absolutely stupid.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession– it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
get this
what friend is just going to give you their credit card bill? and what friend is going to charge their friend to help? ur a clown!