21 Profitable Business Ideas to Start During the 2024
Starting a business during an economic downturn may seem risky, but recessions can actually present unique opportunities for new ventures. With less competition, cheaper overhead costs, and shifting consumer habits, the current recession offers several profitable niches for aspiring entrepreneurs.
In this comprehensive guide, we’ll explore 23 recession-proof business ideas you can launch right now to generate over $1,000 per month in passive income.
Reviewing Credit Card Bills
With consumers looking to cut costs, a lucrative opportunity exists in reviewing people’s credit card statements and identifying potential savings. You can market your services to friends, family members or even cold contact strangers with particularly high monthly bills.
How it Works:
- Offer to analyze credit card statements and highlight recurring charges that could be reduced or canceled
- Suggest cheaper alternatives for subscriptions and other services
- Take 20–50% commission from any savings generated over 3–6 months
Income Potential:
With average household credit card debt at $6,300 in America, you could easily save people $100+ per month. Taking just a 20%…
