Is There Such a Thing As a Recession Proof Business and Recession Proof Business Opportunities?

With the collapse of Lehman Brothers, Bear Sterns and the fed's seizure of Mortgage Giants Fannie Mae and Freddie Mac many people believe we are in for a recession and many people are looking for recession proof business opportunities to protect themselves and their families from the hard times to come.

In this article I will try and explain what kind of recession proof business opportunities to look for and what industry I think will be the strongest through this.First of all history has shown that the direct selling industry has been doing very well in a recession and having a direct selling business like an online cellphone store will be a good recession proof business opportunity.

The second factor when looking for recession proof business opportunities is finding the right product to promote.The product that you will be selling must be in high demand and people must buy what you have even when times get tough, in other words you must be selling a necessity and not just a luxury.Let's take a cellphone for example. Could you live without your cell phone? Probably not. Do you think people will still be using their cell phones during a recession? You bet they will.

Taking your business online can also make it recession proof as online businesses doesn't have nearly as much over head and expense as traditional businesses does.Online businesses are inexpensive to setup and very inexpensive to maintain.The opportunity to earn residual income is also very appealing for example. Let's say you have an online wireless store and you sell phone plans and get a commission every time somebody pays their cell phone bill.That means you will get paid every month like clock work for the work that you have done today.That's the power of residual income and it can definitely make a business recession proof.