It is very hard to try to make a living when business isn’t hiring or spending. For most people in the consumer sector, it is tough to figure out what people will be spending money on. To help you deal with the so-called jobless recovery here are a few suggestions:
1. People will find money for their addictions. If you sell sin things like cigarettes, alcohol, or even candy, people will find money for it. In some cases they may not buy in as much quantity and they may drop down to other than name brand generics but they will find money for it. The same holds true for some hobbies like collecting some small toys, shooting (have you seen the price for bullets or primer lately?), bicycle riding, certain type of comic/coin or stamp collecting and the like. The impact is for the people that are working, they may cut back but they still will find something to spend. Any gig that makes money from this should continue to do well.
2. People will or have been eating out more. This has been an observation by me and the only thing I can think of is that people feel that the extra money they spend out is a treat and it gets them out of the house so they don’t get as depressed. If you have a low cost restaurant you will make money. You may want to hold a charity night or two to get on the local news as some places do and feed the homeless. You will be doing a blessing and getting free publicity for your eatery.
3. People have been going to the movies more – just going to more early bird showings so that they don’t have to spend $10 for tickets. That goes hand in hand with the next item:
4. People forego the movies entirely and only go rarely for special treats and rent movies from the kiosks at Wal Mart or go straight to Netflix type downloads. Any kind of candy stores (or cookies) that could tie in with this could make some money.
5. People working or unemployed need transportation. If you can service cars, bicycles or mopeds you should be able to make some money even with people turning to the Internet to watch videos for do-it-yourself.
Hope some of these help.
Oct 24 2009
Kim Isaac Greenblatt
Jobless Recovery Suggestions