23 Profitable Business Ideas For The 2023 Recession

Outlines of Article

Introduction

Reviewing Credit Card Bills to Save Money

Becoming a Content Remixer

Shrimp Breeding as a Business

Employment Coaching

Sponsored Broker for Creators

Renting Out Other People's Cars

Advertising on Your Car

AppSumo Affiliate Program

Garden Specialist Services

Menu Optimization for Local Restaurants

Tick Tock Article Editing Service

Rideshare and Delivery Apps

Doggy Daycare Services

Conclusion

Starting a Business During a Recession: 15 Profitable Ideas

Introduction

Starting a business during a recession might seem like the worst possible idea, but that's exactly how everyone else feels too. So, not only is there less competition for new businesses right now, but some sectors can thrive at a time when others are trying to save cash. In this article, we will explore 15 unique and profitable business ideas that you can start today to make at least an extra thousand bucks a month, and potentially much more.

1. Reviewing Credit Card Bills to Save Money

In this challenging economic climate, people are looking for ways to cut costs. By offering a service to review credit card bills and help individuals save money, you can tap into this demand. By analyzing their bills, canceling unnecessary subscriptions, and suggesting alternatives, you can help them reduce their expenses. Consider targeting individuals with high credit card bills, and charge a percentage (20-50%) of the amount you save them.

2. Becoming a Content Remixer

As a content remixer, you can convert articles and podcasts into blog posts, tweet threads, and LinkedIn posts. By offering this service, you can help creators repurpose their content for different platforms and reach a wider audience. You can provide two types of services: level one, which focuses on purposing content, and level two, which involves providing overall content strategy consultation.

3. Shrimp Breeding as a Business

Shrimp breeding may not be the first idea that comes to mind when thinking about starting a business, but it can be surprisingly profitable. Cherry shrimp, in particular, are easy to breed, and each shrimp can generate around $90 per month when sold. By investing in a tank and learning the breeding process, you can create a lucrative business opportunity.

4. Employment Coaching

During a recession, layoffs are prevalent, and many people are seeking new job opportunities. By becoming an employment coach, you can assist individuals in finding employment. Offer services such as resume review, providing job search strategies, and interview preparation. You can charge a percentage (1-5%) of the salary the individual secures through your coaching.

5. Sponsored Broker for Creators

With the rise of online content creation, many small and medium-sized creators are looking for sponsorship opportunities. As a sponsored broker, you can help these creators find consistent sponsors and negotiate sponsorship deals on their behalf. By organizing these deals, you can earn a percentage (10-30%) of the sponsorship revenue.

6. Renting Out Other People's Cars

You don't even need to own a car to start a business in the transportation industry. By acting as a car rental broker, you can rent out other people's cars and earn a commission from the rentals. Approach friends, neighbors, or even offer your services at airport parking lots. This recession-proof business idea can provide you with a steady income stream.

7. Advertising on Your Car

If you're looking for a unique way to earn some extra income, consider advertising on your car. Many companies offer programs that allow you to wrap your car with their advertisements, turning it into a mobile billboard. You can earn money simply by driving around as you normally would. This can be a great option for individuals who spend a lot of time on the road and want to make some passive income.

8. AppSumo Affiliate Program

AppSumo offers an affiliate program that allows you to earn commission by promoting their products and driving sales. As an affiliate, you'll receive a unique referral link that you can share with your audience. Whenever someone makes a purchase through your link, you'll earn a percentage of the sale. AppSumo is known for offering great deals on software and digital products, making it an attractive program for affiliate marketers.

9. Garden Specialist Services

If you have a green thumb and enjoy working outdoors, starting a garden specialist service can be a rewarding business venture. You can offer services such as garden design, maintenance, landscaping, and plant care. Many homeowners and businesses are willing to pay for professional help to create and maintain beautiful gardens and outdoor spaces. With the right expertise and marketing, you can build a successful garden specialist service.

10. Menu Optimization for Local Restaurants

Helping local restaurants optimize their menus can be a valuable service. Many restaurant owners struggle with creating menus that are both appealing to customers and profitable for their business. You can offer your expertise in menu design, pricing strategies, and food selection to help restaurants maximize their profits. By optimizing their menus, you can assist in attracting more customers and increasing their overall revenue.

11. Tick Tock Article Editing Service

Article editing is in high demand, especially with the popularity of platforms like TikTok. If you have skills in article editing, consider offering a Tick Tock (TikTok) article editing service. Many content creators and businesses need assistance in editing their articles for social media platforms. You can offer services like adding effects, transitions, subtitles, and music to help make their articles more engaging and professional.

12. Rideshare and Delivery Apps

Rideshare and delivery apps have revolutionized the way people commute and get their goods delivered. If you have a reliable vehicle and enjoy driving, becoming a driver for apps like Uber, Lyft, or DoorDash can be a flexible and lucrative opportunity. These platforms allow you to work on your own schedule and earn money by providing transportation or delivering food and other items to customers.

13. Doggy Daycare Services

Pet owners are always looking for reliable and trustworthy care for their furry friends. Starting a doggy daycare service can be a profitable business if you're an animal lover. You can provide a safe and engaging environment for dogs to socialize, exercise, and receive proper care while their owners are at work or away. Offering additional services like grooming and training can further enhance your business and attract more clients.

Conclusion

These are just a few ideas for potential business ventures or income streams. Whether you're looking for a side hustle or want to start your own business, it's important to consider your skills, interests, and the market demand. With careful planning, marketing, and dedication, you can turn your passion into a profitable venture. Remember to research and adapt your ideas to fit your local market and customers' needs. Good luck!