What Services or Goods can be SOLD during a corona recession?

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What Services or Solutions will sell well during a corona recession?

NOT health or illness related products (too controversial).

I'm meaning more in the context of the economic recession itself. People and businesses will have less money to spend, but is there a hidden gem that will sell extra-well during a recession?

What do you anticipate will sell well via phone, door-to-door, etc?

What do businesses want?

What do individuals want?
#corona #goods #recession #services #sold
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  • Profile picture of the author animal44
    Garden Centre doing well with online orders. Guess people self isolating are self isolating in the garden and getting all those put off jobs done...

    Hotel opening as a luxury self isolating centre. All meals delivered to your room. No need for joining the panic buying hoards. No shortage of toilet paper!

    Wholesalers who normally sell to hotels and restaurants setting up home delivery.

    IT staff installing systems to assist people working from home.

    Commercial cleaning companies getting extra work cleaning more frequently to protect staff.

    Taxi Drivers doing home deliveries.

    Some businesses changing their production to produce essential supplies.
    F1 teams and JCB looking at making ventilators.
    Brewery making hand sanitizer

    Just have to use your imagination. I'm sure there's loadsa business for someone using their creativity to re-purpose businesses that have lost all their customers.
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  • Profile picture of the author myob
    In addition to the above:

    Home businesses are booming (esp MLM, affiliate marketing)

    Health, fitness, home gyms will always have strong interest.

    Camping equipment sales is also doing exceptionally well.

    Entertainment, games, funny videos, podcasts, DIY how-to information, etc can drive massive traffic.

    For example, if you can produce videos, YouTube views may be an unprecedented opportunity for targeted exposure.

    But stay away from any reference regarding the crisis or the economy. The perception by your customers of taking advantage of the current situation will damage your brand perhaps beyond recovery.
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  • Profile picture of the author GordonJ
    Originally Posted by Steven of Polonius View Post

    What Services or Solutions will sell well during a corona recession?

    NOT health or illness related products (too controversial).

    I'm meaning more in the context of the economic recession itself. People and businesses will have less money to spend, but is there a hidden gem that will sell extra-well during a recession?

    What do you anticipate will sell well via phone, door-to-door, etc?

    What do businesses want?

    What do individuals want?
    Step back, away from wants, to NEEDS. Because in a crisis, and if it is an extended one, then needs surge in the marketplace, hence, we saw the knee jerk reaction to stocking up on toilet paper.

    We must eat. So, that is at the top. Consider the many layers of income, at the low level, the food banks serve up the standard pastas, sodium and sugar foods which lead to ever more health problems.

    At the top, the people who have cooks and personal chefs, probably won't change much of anything.

    Take a look at a couple of FOOD companies. Look at Schwann's, which ironically was sold to a S. Korean company in the recent past. They deliver food.

    Reports out of MN are they are hiring production workers throughout their companies, looking to keep their trucks on the road and fully stocked.

    Uber Eats, Door dash, Postmates are all potential boom companies, albeit, not much money for the drivers there...which could open the door for a private courier (local) delivery driver, make sure to check out licensing for this.

    Snacks and alcohol, as well as tobacco and recreational (illegal) drugs also boom during these times, think of small affordable guilty PLEASURES, and maybe find a niche there.

    Look at GFS Marketplace (Gordon Food Services, a privately held company) and how they are offering DELIVERY. If you have a Marketplace near you, it could be a great place to CO OP shop.

    You might be able to organize a neighborhood co-op, where you can buy food in larger quantities like at GFS or SAM'S/COSTCO and then redistribute it.

    All things, MEALS on wheels/delivery have a bright future. The WANTS part of it, will be a little higher up the economic ladder where folks will pay for more premium foods.

    Food, clothing, shelter (clean and safe). ARE the big 3 NEEDS, and each has niches upon niches of wants in them.

    Some will wash their clothes with the cheapest soap, othes must use TIDE or SA8, dry cleaners who deliver will probably do well too.

    There have been some good ideas presented, what is important is to get started, and sort it out quickly for what you want/can/must do and if your area supports that goal.

    A lot of HOW TO information is going to be sold in the next few months, that is one area I plan to be heavily involved in.

    But DOING something, without too much planning, which is opposite of my normal advice, is probably going to bode you well and keep trying to find something that works for you.

    GordonJ

    A big PS.

    This feels like a fishing expedition, considering your business and all those endorsements, are you asking for your clients? Nothing wrong with fishing, we all do it, maybe it is due to the crisis.
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  • Profile picture of the author Jeffery
    A few of my IM related customers asked me what Online Courses would I recommend. Their logic is since that are 'home locked' then they will spend some time sharpening up their knowledge and skills.
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    • Profile picture of the author Claude Whitacre
      Originally Posted by Jeffery View Post

      A few of my IM related customers asked me what Online Courses would I recommend. Their logic is since that are 'home locked' then they will spend some time sharpening up their knowledge and skills.
      My first thought when I realized that we were going to have a few weeks without business as usual...I thought of training.

      Salespeople that are going to be not seeing customers for a few weeks...could sharpen their skills. I have a few dozen books I haven't read yet...sitting on my bookshelves. So there I am.

      Of course, the same with marketers, MLM guys, internet people.

      if you can't cut down trees, take the time to sharpen your ax.
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      • Profile picture of the author myob
        Originally Posted by Claude Whitacre View Post

        if you can't cut down trees, take the time to sharpen your ax.
        As marketers, we should ditch the ax and bull doze through the jungle. In my not so humble opinion, this is not the time to slow down our marketing and promotion.

        With businesses shuttering worldwide and unemployment skyrocketing, people are looking for solutions to provide for their families. This is especially another boom time for MLM and affiliate marketing.

        Personally, I have stepped up my own marketing, advertising, and sales on a massive scale through online webinars, video/podcast production, online/offline articles, social media advertising, etc.
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        • Profile picture of the author Claude Whitacre
          Originally Posted by myob View Post

          As marketers, we should ditch the ax and bull doze through the jungle. In my not so humble opinion, this is not the time to slow down our marketing and promotion..
          I don't disagree. If you are in a business that sells online, sells to businesses that are still open, or sells over the phone to people that are still there..then this becomes an opportunity to ramp up sales.


          But if you are in personal selling...where you are actually meeting the people you sell to..it's probably a time to study...maybe call customers and prospects to build the relationship.

          Originally Posted by myob View Post

          With businesses shuttering worldwide and unemployment skyrocketing, people are looking for solutions to provide for their families. This is especially another boom time for MLM and affiliate marketing..
          MLM if you can do it online, direct mail, or by phone. MLM surges during tough economic times, as does most selling...but this is different. Personal contact is becoming a health hazard. It will pass, but I would focus on non-contact work.


          Originally Posted by myob View Post

          Personally, I have stepped up my own marketing, advertising, and sales on a massive scale through online webinars, video/podcast production, online/offline articles, social media advertising, etc.
          Of course, of course...all these things are effective and don't require touching people..or touching doorknobs.

          I hate to say this, but this virus is going to decimate lots of businesses. And that's when you can pick up inventories and other assets for a song.

          And during the 2008 recession? we had our greatest growth, because I started serious online marketing...while my local competitors went out of business.


          But me? Now? I'm reading books and writing presentations. Still highly productive...I'm just not touching people. And this year. public speaking may be completely out..but webinars and online advertising are in.

          I shouldn't have mentioned internet people in my last post. I was delirious.
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  • Profile picture of the author savidge4
    Using this as a guide: https://www.nbcphiladelphia.com/news...-down/2333625/

    We now understand specifically which business' will be CLOSED and which have the ability to remain open.

    I am right now focusing on the trades / construction industry... Building is being shut down - BUT Home repair is remaining open. AND the food industry and the service of "Delivery" which looking at the list above there is indications this is being dropped ( Look at Restaurants and it is directly noted that "Pick-up ONLY" is indicated ) Speaking with my local authorities they are suggesting that will remain open.

    I am also looking at non essential business' that have the opportunity of online sales and working out a system to make that happen at scale.

    Someone like Claude's business as an example... For the next 3 weeks+ if some ones vacuum belt breaks or they don't have bags they will have to go online to buy one. THESE are pockets I am systematically trying to identify and locally source.

    There is PLENTY of opportunity here for those willing to hussle.

    Graphic designers / Marketers in general should be creating Facebook / Social media ad creatives for local business' to post - this ALONE could keep someone busy.
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  • Profile picture of the author Jeffery
    A few of you know that I buy wholesale and resell to auctions and flea markets.


    One of the things I bought last year for resell this year is Cane Fishing Poles.


    Last week, thinking that a lot of low-income as well as homeless people here in Tennessee will need to supplement their food stores/pantries I donated half of my stock to local churches. The response from people that 'need' to source additional food stuffs was overwhelming according to a few churches.


    Now, don't get wrong, I am not a serious Christian at all, some of you know me, lol, but I strongly hold that helping others is a good thing and if there is a judgement day I hope the main man might consider that before he casts me away.


    This morning I received a call from a local county official and she knows that I am also involved in the hunting and fishing business. She asked me if I would be interested in sharing some of my skills and resources with 'youth organizations.'


    My first response was something like "If the kids are anything like my nieces then absolutely not interested."


    She responded something like "Some of the youth do not know where their next meal is coming from."


    I immediately told her "I am all in."


    Now all I have to do (no small task) is figure out how I am going to transport at least two truck loads of kids and a few adults to and from a fishing hole without the virus coming into play.


    Any ideas?
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    • Profile picture of the author savidge4
      Originally Posted by Jeffery View Post

      This morning I received a call from a local county official and she knows that I am also involved in the hunting and fishing business. She asked me if I would be interested in sharing some of my skills and resources with 'youth organizations.'

      She responded something like "Some of the youth do not know where their next meal is coming from."

      I immediately told her "I am all in."

      Now all I have to do (no small task) is figure out how I am going to transport at least two truck loads of kids and a few adults to and from a fishing hole without the virus coming into play.
      Forget the HOW, and focus on the WHAT. Come back to said county official with a written game plan of WHAT you can do, WHAT you can supply - THEY will then figure out the HOW.
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  • Darn.

    Even a surefire global crisis don't kickstart the PRINCESS BALESTRA SHOWAH KARAOKE MIRACLE.

    1001 songs for $1001.

    Tellya, I dun all the hits -- even opera -- an' I been savin' 'em up for stuff like the zaaahmbie apocalypse bcs I figured plenty people gonna need a lift when they havin' their brains sucked out.

    Who knew asswipe stuffs mattered more than Moi?

    All I know is, non-tactile interconnecto of internet stuffs has added kinda value rn -- even if'n you jus' streamin' all kindsa TV while you chained to your own wall.
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    Lightin' fuses is for blowin' stuff togethah.

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    • Profile picture of the author DABK
      Caskets and mortuary stuff?

      Socially-distant dating arrangements?

      Personal loans?
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  • Profile picture of the author ryanbiddulph
    I feel exactly what we are doing online IM-wise will keep expanding. Less folks working the phones. Certainly less folks going door to door; a family of 4 covered their mouths and looked on in horror when I walked by them yesterday LOL. Considering I'm a fairly handsome man in the tiniest of circles , I suspect, fear of virus thingee.

    Anyway, keep doing what we have been doing because more folks will flock to us and join up, seeing the potential of working at home, now that so many folks are on forced vacations.

    Ryan
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  • Hi, anything related to food would be great and totally essential.

    With limited sources and supply of food, important to get people to know how to make one-dish meals with limited ingredients.

    Coming up with an E-Recipe Book to beat the short supply of food at supermarkets. Easy quick-fix simple and few-ingredients e-recipes for meals would be handy. One cam also consider creating an app for people to key in the ingredients that they have and get suggestions from the app on the type of possible meals with the ingredients that are keyed into the app.

    Providing a service of running errands from food takeaway, grocery shopping, etc for people who prefer to stay indoor.

    Just some small but unusual ideas to tide over this crisis...
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  • Profile picture of the author ebony bullock
    Hello,

    Being that this is a time of uncertainty, and people are worried about their income, you could create an online course for individuals that would allow them to create income for themselves.
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