15 Businesses and Industries that Make Money During Recession

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Beauty Products & Services

Beauty products and services are also among the businesses that make money during recession. People use cosmetics and other beauty products every day and sometimes even several times a day. A financial crisis doesn’t change things much, as people don’t think that having less money is an excuse to look bad. In this way, the beauty products & services industry flourishes during recessions. In fact, there is even a “Lipstick Index” that was coined by Leonard Lauder, former chairman of Estee Lauder Companies Inc (NYSE:EL). Lauder believes that sales of lipstick, which is a relatively cheap product, are correlated to the economic situation, as women choose to spend $20 on a new lipstick instead of paying much more for clothes or other products.

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