The most profitable markets or industries in franchising are the ones least affected by the lousy economy that has marked the past few years. No matter how bad the economy, what are consumers still spending money on? One area of the economy that is somewhat recession proof is child care and related areas. People will always continue to spend money on their kids. This money is usually spent in 2 ways, education and entertainment.
In terms of industries, you want to steer toward those that deliver products or services that are considered necessary rather than optional. As times remain tough, many people avoid optional spending to preserve their resources and maintain more financial “safety.”
Services that are usually considered necessities include things like haircuts, senior adult care, child care, child education, child entertainment, and plumbing & restoration services. Choosing a child related service is among the most rewarding. You can actually make a big difference in children’s lives, and make a good living too!
Products that usually remain in strong demand include fast food and pet products. People will always continue to eat fast food. People will always take care of their pets as well.
If you are ready to embrace franchising, be sure to pick an industry that makes sense in our economy. Pick an industry that is recession proof, where people continue to spend, even though the economy is sour. The child related services industry is keen to continue to grow forever. Besides this industry being good for your wallet, the services you provide to children will warm your heart.
To learn more about science franchising opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.
High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.