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Recession Deals Abound

While many of our 401K’s are starting to rebound this month, the recession is still alive and kicking. And many people are taking advantage of this downturn to offer niche products or services you might not otherwise consider.

Fortune Small Business reports on entrepreneur Seph Skerritt, who is offering custom-tailored mens dress shirts online for just $90 apiece. He started off by selling only 300 shirts in the first 5 months.  But now he’s aiming for 15,000 shirts this year, bringing in more than $1.3 million in revenue.

In Maryland food auctions are taking off as a way to buy food in bulk and avoid grocery store prices.  Richard Betz is a middleman who buys food from farmers that is sold at food auctions. He’s noticed a huge jump:

“The places where it used to be a full house are now standing-room-only. People, when they get their gas electric bills, their health insurance bills — they get laid off — they look for a way to try and save a buck. And they have to eat.”

Many restaurants and bars are taking advantage of the fact that even during a downturn, people still want to unwind with a beer.  Across the country there are “recession specials” like the one at “Below Bar” in Denver which turned Wednesday into Recession Sessions offering $2 Late-on-Your-Rent Lager and a $5 Fill-up (Beer + a shot).

So take some time to scope out what kind of recession deals are available in your neighborhood to make sure you’re getting the best bang for your buck during the downturn.

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