What business is profitable in a crisis and what business is most profitable to do in difficult times? There is no need to go far for an example: let’s see who won the most during the 2009 crisis.
Fast food restaurant chains
Cafes and restaurants are empty: you no longer need to book a table on Friday in advance. Where have all these people gone? They sit at home and cook. Or go to fast foods. McDonald’s average income grew by 10% during the 2009 crisis, and KFC decided to open 300 new locations around the world during the same period. whatever you may say, but in times of a crisis, it is most profitable for business to feed people with hamburgers, and not with Chilean sea bass.
Pizza Delivery Business
Due to tight schedules and busy routines, a lot of people are turning to fast foods and ready-made meals that do not require a lot of time and effort to prepare. One hot favourite is Pizza.
A lot of people love Pizza because it’s delicious and comes in different sizes, and consumers can order any type of topping they like: pepperoni, sausage, cheese etc. Starting a pizza delivery business is fairly easy. Pizza delivery simply means that you would take pizza orders from clients usually by telephone or sometimes through the internet.
Soap and shampoo manufacturers
Even a crisis will not make people get washed less often. This is what allowed such companies as Procter & Gamble, as well as Johson & Jonson to feel even more confident and boldly take the 22nd and 42nd places in the ranking of the largest companies in the world.
Tobacco industry companies
Being stressed, many people smoke, and accordingly, any economic crisis contributes to the increased sales of cheap cigarettes. One of the cheap brands of cigarettes during the last crisis increased its sales by as much as 27%. However, what is surprising: tobacco growers were the only ones who made a profit during the American Great Depression.
Grocery stores chains
If people do not save on soap and shampoos, then what can we say about food! In any crisis, grocery stores and hypermarkets manage to add a few zeros to their income items.
When the economy is grim, people get frustrated. And out of desperation to get some quick bucks, they indulge in various forms of crime, especially burglary.
The high demand for security guards is always on the high. With the increasing security challenges in the country, there is need for private security guards, bodyguards and executive protection agencies because the government security forces and agencies are overwhelmed.
Death care services
Demand for death-care services remained steady throughout the recent recession, even though providers reported an increase in more affordable services such as cremation. It might not be the sexiest business, but you’d be hard-pressed to find a more reliable line of work.
Although hedge funds are considered among the most risky forms of investment, this does not prevent this type of business from being one of the most profitable one during the crisis. Simple facts: After the Black Wednesday of 1992 and the devaluation of the pound sterling, one of the hedge funds made $ 1 billion from it. And the crisis of 2009 allowed 25 hedge funds to double their income, earning $ 25.3 billion. It is a pity that there are only 12 thousand hedge funds in the world and it is almost impossible to enter this market.