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Businesses That Can Survive Any Economic Depression

Businesses

Opening a new business or trying to create continuous growth within an existing business is not easy. There are tons of industries out there that have niche segments that will always have some kind of demand. The only problem is that when other people or businesses find out about these unique segments, they usually try to set their sights on entering the marketplace in an attempt to take some of the marketshare for themselves.

They do this because they know that there is a certain amount of security to be had as these niche segments create a stable income and help other businesses diversify their overall service offering. The good thing about these niche segments is that only the best will survive because bad services and slow growth also means those that try to enter these markets often find themselves exiting as their business plan fails to impress.

Here are some industries in which only the best survives:

High Street Printing Business (Marketing and Graphic Design)

It does not matter how small or large a place is, there always seems to be a call for printing and graphic design businesses. The graphic design part of the business is important because many people that require birthday posters, party invitations, and event advertising will also require a graphic designer on occasion.

On top of this, adding marketing and web design services using website builders or WordPress CMS style websites to help people build affordable business websites or blogs will add diversity to a printing business.

Other services such as foreign exchange, office stationery, office equipment to order, and overseas mailing services can be added depending on the competition in the area. The best location for this style of business is in small towns or large villages that are on the verge of becoming a town. The idea of these businesses is to get cheap rent, offer online service, over the phone services, as well as to service the local walk-in traffic and surrounding businesses.

Adding as many services as possible under one roof has proven to be successful to many such businesses. Some even offer cups of tea, coffee, sandwiches, Pose Office and internet services.

Breakfast and Lunch Restaurant Businesses

Breakfast and lunch style restaurants that offer traditional American or English style breakfast as well as dishes such as bangers and mash, jacket potatoes, sandwiches, and even something as simple as baked beans on toast are cheap to run, have decent opening hours, and can attract a good following of customers.

These types of restaurants can function in a cheap to rent commercial property in the middle of a housing estate, at the bottom of an apartment block, and on local highs streets. Renting a prime location is not always what makes a restaurant successful. These restaurants seem to work off the back of reputation and gain huge followings even when the restaurant is placed in an area where there is not that much foot traffic.

Equipment Rental Businesses

Any business that rents out an item will stand a good chance of success. Companies that hire out events equipment, music equipment, or band stages usually do well. On larger scale some companies hire out machinery, which these days in places like the UK where this plenty of construction work and nearly always a shortage in machinery or machine vehicles, can usually make huge sums of cash.

Other popular rentalsinclude catering vans, small to large funfair rides, carousels, games stalls, and pretty much anything you need to create a fun event.

Now as these companies often own their equipment, you can imagine that the profit on each piece of equipment is close to 100%.

Other types of successful hire/rental businesses can be found within the tourism sector, such as jet ski hire, canoe, boat, car, motorcycle hire and so on. You could even go as far as hiring out your own home as a vacation rental.

Online Businesses

Setting up an internet-based business is not easy. It takes time and effort. Most of all it takes time to build up a customer base and a good reputation. There are plenty of jobs out there such as article writing, search engine optimization, web design, graphic design, data entry, virtual assistant, and so on. There are also plenty of ways to rent out webspace.

We all know website hosting companies rent out storage space and a network connection or you wouldn’t be reading this now. Effectively the storage is on a cloud which has to be on a server. Although it may seem like you rent air, you are in fact renting the right to use the website company’s hardware that allows you to run your website.

These kinds of businesses are incredibly successful. All you need to do is find a way you can rent something online. For example, you could rent out advertising space if you have a popular website like this one with lots of traffic. Some people rent out maintenance services for online IT services.

Software rental is becoming very popular these days. You can rent a quote system, or rent software to analyze your website, and you can even rent access to training and video websites.

Arguably one of the best businesses at the moment is offering a way to stream movies or access countries abroad using encrypted virtual tunnels to send the data. This is exactly what Netflix アメリカアメリカ.  does. The company rents out software that allows people to connect to a server on the internet through a virtual tunnel. The server is then used to make all data requests on your device’s behalf.

This means there is no trace of your internet activity because another device made all requests for you. Therefore, let’s imagine you cannot access Netflix USA because you are on holiday or working away in Japan. In order to get into that country’s network, you can use the VPN software to connect to server located there. Now the server within Japan will make all requests on your behalf and send the data back to you so it is as if you are physically in the country.

Whether its offering online service, renting software, running a breakfast and sandwich shop, or offering local printing services, there are businesses out there that will always survive a recession, always make a profit and essentially keep you afloat. It is easier said than done, but there is always a way to get through economic depression as long as you put your mind to it.

About author

Olivia Wilson is a digital nomad and founder of Todays Past. She travels the world while freelancing & blogging. She has over 5 years of experience in the field with multiple awards. She enjoys pie, as should all right-thinking people.
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