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Market Slumps and so do my sales... :(

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  • Market Slumps and so do my sales... :(

    We sell items that on average run $300 to $500 a piece. When the market slumps like today it means no sales... Double Dip seems likely which is bad for my business. Any recession proof businesses out there?

  • #2
    Ugh. We are definitely impacted by economic conditions, but we are lucky to be a bit of a niche market which helps. For us the bigger problem is with capital. We produce and import our products, which generally requires full containers of merchandise per PO. That means a huge cash expenditure up front, but none of the banks will lend anything, ever anymore. That makes producing the inventory we need really difficult. Let's hope things get better sooner rather than later!
    Laura Z
    Brass & Silver Traditions