Recession-Proof Self Employment Ideas #2

Continued from yesterday's "Recession-Proof Self Employment Ideas #1"

2. Anything to do with child care and learning- Even stay-at-home parents will to pay for a good babysitter and private teacher (not only for their child, but to give themselves a short break). People are having children, maybe not thinking of having as many, during the recession. I often do evening babysitting and after the children go to bed, I do research on self employment ideas, and get paid for my time. A piano teacher for children under 8 can earn £20 (USD32) for a half-an-hour's lesson. Opening up your own nursery or daycare once you have your child-minding qualifications in place is a great self employment idea as the demand for quality childcare is great, plus you get lots of holidays (Easter, term breaks and Christmas). I know a couple who own a nearby nursery that has a 2-year waiting list.

3. Property development- I know, you must think I'm crazy. The thing is, a recession is the only time when it's a buyer's market and bargains are to be found, unlike in the boom times when competition was keen for good properties. If you have some savings, go to auctions and try to find a plot of land or derelict property, in a desirable neighborhood with good transport links. 'Employ' yourself to do up the property and sell it on. Think also of making the property stand out by making it green and energy-efficient. It doesn't have to cost much. If the area is good and you've upgraded the property to a good standard, there will be buyers for it, and even if you have to wait until things pick up, the profit should be around what you would make in full time employment for 1-2 years. You could rent it out while you are waiting for the market to improve. I want badly to take up this self-employment idea, if only I had enough money to buy anything in London at an auction!

3 more recession-proof self-employment ideas ideas tomorrow ...