Starting A Business Amidst COVID-19? 8 Thriving Business Ideas To Try
The pandemic has not only claimed thousands of lives worldwide – but it has also left millions of people jobless. A great number of businesses have declared bankruptcy. A great number of employees have been laid off. A great number of people are struggling financially.
If you’re one of the people who have lost their jobs to COVID-19, you might be thinking: so, what now? What if no one’s hiring in my industry at the moment? Since the situation doesn’t seem to be improving soon, merely waiting for the economy to finally recover isn’t an option. You need to do something right now.
You just need to think about the products and services that are profitable during and even after the pandemic.
If you’re thinking about taking out business loans and investing in business amidst or after the pandemic, here are 8 business ideas that thrive.
1. Pivot to online transactions
One of the reasons why several businesses closed down is they’re not making enough to pay for the rent, utility bills, and their employees. While it’s a practical choice to close down physical stores to minimize the expenses, businesses who see continuous profits can still do something to save their firms. They may shift to online platforms and delivery.
2. Tap into delivery services
Do you have a car, motorcycle, or truck that you can use for revenue-making? You may consider starting a business related to deliveries or logistics.
Regardless of the business type and size, a robust delivery management solution is becoming a life-saver. With this, delivery services are experiencing a surge amid the pandemic. You can rent out your vehicle to businesses looking for ways to reach their customer’s doorstep or drive it yourself and work as delivery personnel.
3. Think about online learning
Schools and educational institutions globally are forced to close their doors and shift to online learning programs. You can look into opportunities in the online education industry, like becoming an online tutor or building your platform for learning.
While it’s helping both educators and students to cope with the current crisis, online education can also prepare the world for the next era.
4. Start a consulting business
If you’re thinking of a good business idea, begin with what you already know. Think of the skills you’ve already mastered and use them to advise clients as a consultant. Whether you focus on IT and web design or law and accounting, consulting is an easy business option with pretty much zero startup costs.
5. Open an online grocery store with delivery services
Do you sell groceries? Many customers opt to order groceries online to avoid getting exposed to the pandemic. You may capitalize on this by selling commodities and setting up an online store. Aside from basic needs like food, you can also sell medical supplies and supplements that are in dire need during this time. Ensure timely delivery of grocery orders at your client’s doorstep.
6. Find your luck in a food business
People say, “a food business will never go out of business.” Are you confident with your cooking skills? You can capitalize on your passion and start a food business. Sell restaurant-quality cooked meals, preserved goods, frozen goods, house-blend beverages, baked goods, and other food products that take time and a higher level of expertise to prepare.
Who knows? After the pandemic and your products have been recognized by hundreds of patrons,
What if you don’t have a cooking ability? You can look for legitimate food businesses and be a reseller. You can also opt for a franchise. Don’t forget to strengthen your online marketing and delivery services.
7. Consider fitness and wellness app
Fitness centers are among the businesses severely impacted by the pandemic. While physical gyms are closed, a lot of people are still willing to pay for professional workout plans and training even if they’re accessed digitally. According to business insider, online training apps and yoga and meditation apps are promising vast growth.
8. Start a service-based business
According to Entrepreneur, the businesses with the best chances of success tend to be serviced-based, not product-based. Think about your professional skills, as well as common skills that might be in demand.
For instance, if you’re a writer who’s been laid off, you can offer your content writing service to clients who might need to revamp their online profiles. If you’re a cook, you may earn more by marketing your business as a catering service than merely selling cooked meals.
No matter what industry you’re looking into, it’s best to do as much research as you can to get to know the market.
Reasons Why Renting Could Be Better Than Buying for all Mumbaikars
For many people, own a home is a life long goal. Although there is a lot of homeownership in Mumbai today, this is not always the case. Historically, the family had to either build their own house or rent an apartment from someone else. Although…
Real estate Tips for an Immobilienmakler Neu Ulm to Be Successful
You know the top 10 tips for Immobilienmakler Neu Ulm to be successful. It is a simple list that is not very difficult to follow. If you follow it religiously, you will be successful in your career as an agent, no matter what level you are…
Things Only Experts Know About Residential Roofing
Your home’s roof can represent up to 40% of your home’s exterior. It is essential to understand what keeps your home looking beautiful and safe from elemental factors like weather from curb appeal to home safety. That’s where residential roofing comes in! Residential roofing is…
Five Reasons To Consider Cool Roof Solution For Commercial Buildings
As we close to trouble days of summer, commercial building owners and managers are looking for the best way to reducing their cooling costs. This can be a critical issue for anyone whether you are planning to build a property or replacing an existing roof…
Remote Work Policy: Why You Need it for 2020 and Beyond
2020! A year no one will forget, at least not for the next decade. In the wake of COVID-19, the world faced one of the biggest work from home experiments. Turns out the experiment might stay with us for quite a while now. Large organizations…
HR Certifications: Why do they Matter?
Certifications are proof of professional competency and expertise. HR certifications do the same for hr professionals of all levels. Whether you’re an HR executive, looking to master certain areas of human resources, or a senior professional looking to join the league of global HR leaders,…
Revolutionary Disruptive Tech and BPO Industry: The Alliance
Bpo has conventionally been seen as a way to cost-cutting and an effective means of gaining increased profitability. However, in the last couple of years, there has come a revolutionary transformation in the said industry, owing to the emergence of disruptive techs, such as AI,…
How to prepare for an examination?
People always consider examinations as a monster. It brings stress, strain, tensions, and so on. Exams are nothing but the results of what we have learned and studied. Thus, it makes a self-assessment test. Practicing is also one of the important factors that help for…
What makes a Tote Handbag a Better Choice while going to the Gym?
When the gym becomes one of the most visited places after your home and workplace, mixing fashion and working out becomes a new trend. Becoming health conscious has now become priority for everyone, which means people are adding branded outfits, bags and accessories to sweat…
7 Different Ways To Deal With The Excessive Hair Shedding Pet
Pet dander can lead to serious health problems and also make your home dirty. Therefore, no matter how much you love your pet, you should remove the hair of your pet. How will you get rid of pet dander? Pet, who sheds an extreme volume…
Artificial Jewelry In Everyday Life
In India, every woman wants to keep up with the fashion of the modern era. One can easily do so by buying artificial antique jewellery online. You get a lucrative deal from every individual site on the web when you shop online for the best…
How Does Gynecomastia Affect Men and Boys?
Mr. Baliyan is a working professional in one of the MNCs in Gurgaon. During his puberty, he was diagnosed with thyroid issues along with enlarged breasts. Although he has been on medicine for an extended period, his swelling and puffiness of his breasts have not…