You should build a no-code software product in a recession. Build software that collects data and helps people make smarter business choices. Build software that helps people save time and money. Build software in the law, wedding, or business operations industry. If you run with these suggestions, you will take advantage of the current recession.
Software businesses' stock price returns are better than the rest of the market after a recession. Software businesses can serve more customers at a lower cost. Here is a chart that shows the returns for software stock over the last 15 years compared to Dow Jones, Nasdaq, and and S&P 500:
I circled the 2008 recession in red. Software businesses rocket above the rest of the market after 2008.
I looked at 10 companies who started in 2008 and are still existing in March of 2020. These businesses help customers:
The industries for the businesses I looked at were more insightful. The industries were:
Here is the list of companies I looked at:
Other "recession-proof" industries to look at are:
The industries I mentioned above have the most potential during this economic crisis. Create no-code products in these industries. Make sure your products help customers save money and/or time.
Until next time,
Bryce