Covid showed how volatile life really is. Many of us were hit hard by job loss and financial instability. As we try to recover, it’s natural to start thinking about side hustles as a way to bring in extra income and cushion ourselves against future downturns. But is there any side hustles that are “recession proof”?
The answer to this question is yes. There are side hustles that are considered recession proof, but it’s important to understand what makes a side hustle recession proof. Generally, these are businesses or jobs that provide essential goods and services that people will always need, regardless of economic conditions.
With that being said, we will go over the very best recession proof side hustles in the rest of this blog post.
Food Delivery Services
People alway need groceries, that will never change. Change in technology over the years allow people to order groceries and food delivery right from the comfort of their homes. This is a recession proof side hustle because it offers convenience and meets essential needs for people.
This type of work will only expand in different ways over time and is here to stay, making it a great long term/recession proof side hustle option.
Freelance Writing
There will always be something to write about. When recessions hit, people are reading and browsing the internet more than ever, making freelance writing one of the best methods to earn extra income during tough times.
Freelance writers can always find work and can even branch out into different industries or niches, further increasing their earning potential.
Virtual Assistants
During recessions, virtual assistants become even more valuable as companies and individuals look to cut costs. Virtual assistants offer a cost-effective solution for completing tasks, making this a recession proof side hustle option.
Virtual assistance could include anything from social media management to administrative tasks and even website design. This is a versatile and in-demand side hustle that will never go out of style.
If you have office experience, virtual assistant work is a great option for a steady and recession proof income stream.
Bookkeeper
A bookkeeper is always in-demand, especially during a recession when managing finances becomes even more important. This is a great option for those with accounting or financial experience, as it offers steady and reliable work that will never go out of style.
Transportation
People will always need to get around, whether it’s for work, shopping, or personal reasons. This makes transportation services like driving for a rideshare company or even starting your own local shuttle service a great option as a recession proof side hustle.
The flexibility of these type of gigs allow for you to also take on additional side hustles, and take advantage of your time.
Flipping Furniture
During a recession, people tend to be more at home, leading to a possible increase in home renovation and improvement projects. This results in an increase in free furniture listings on Craigslist and also people selling furniture for cheap on Facebook Marketplace, creating an opportunity for those who want to start a side hustle flipping furniture.
This is a great option because it combines creativity, business savvy, and physical labor – plus the possibility of making big profits during a recession.
All you have to do is rejuvenate the furniture if needed, list it for sale, and voila – you have a potential recession proof side hustle.
Rent a Spare Room On Airbnb
When hard times come, people are often looking for cheaper ways to live. If you have an extra room in your home, list it for a reasonable price that will allow people to get on their feet.
In return you will make a good side income that will allow you to cover your grocery expenses or other bills. Plus, this is a great way to meet new people and potentially make some long term connections during tough times.
This isn’t necessarily ideal if you have a family, but it’s definitely worth considering if you have a spare room and want to create a steady income during a recession.
Buy Wholesale Products That Are In Demand And Sell Them
During the recession, there are many things that people need but may not be able to afford. One option is to buy wholesale products that are in demand, like household essentials, and sell them for a profit.
This kind of side hustle requires research and business savvy, but can result in a steady income during tough times. Plus, it allows you to serve your community by providing them with necessary products at affordable prices.
Is There a Such Thing As Recession Proof Jobs?
While there are some side hustles that may be more recession proof than others, it’s important to remember that no job or industry is truly recession proof. In tough times, even the most reliable industries and jobs can suffer from layoffs and cutbacks.
That being said, diversifying your income stream with a side hustle can provide some stability during a recession and give you an extra cushion in case of any loss of income. It’s always important to save money and plan for the future, especially during uncertain times. And having a reliable side hustle can help with that safety net.
How to Recession Proof Your Self
By building multiple skills and income streams, having an emergency fund saved, and being prepared for changes in the job market, you can recession proof yourself to a certain extent.
Learning to become a freelance writer, virtual assistant, or knowledgeable in a certain industry can provide options for different income streams.
In Summary
Some recession proof side hustle options include virtual assisting, bookkeeping, transportation services, flipping furniture, and renting out a spare room on Airbnb. It’s important to remember that no job or industry is truly recession proof, but having a side hustle can provide some stability during tough economic times.
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