BUSINESS IDEAS DURING CORONAVIRUS (COVID-19) PANDEMIC

Due to the COVID-19 Coronavirus pandemic, many businesses across the globe are facing a crisis and eventually leading to recession. “Some see this as an empty space. Others see this as a business opportunity.” So, post pandemic we are going to see many business opportunities and is likely going to see changes in business practices across the globe.

Some of the best sectors and great ideas to do business within the awake of COVID-19, with the hope that it will help you to spark some ideas to start your own business.

 Media and entertainment sector:

 So far, one thing is clear that people are spending their major time online these days. People are consuming videos more than anything else, this creates an opportunity for content creators and content creation companies to do businesses.

 Social Platforms like YouTube, TikTok, Instagram, and Facebook, etc. and also, digital streaming companies such as Amazon Prime Video, Disney Hotstar, and Netflix are experiencing high online traffic.

 In Fact, Netflix recently had its highest-ever online traffic recorded.

 So, the Media and entertainment sector can provide you with a great business opportunity if you’re interested in content creation.

 Healthcare sector:

 Due to strict lock-down implemented, people are not able to seek medical attention quickly. So, this creates an opportunity for online healthcare services. Healthcare services such as online doctor consultation, online personal dietitians, nutrition consultation, fitness yoga, meditation classes, and mental healthcare services, etc.

 As of now, there are only a few such apps and companies which provide healthcare services but, in the future, we are going to see a huge rise in such services.

 So, if you’re in the healthcare sector or looking to start healthcare services then this can be a good opportunity.

Agriculture sector:

 Nowadays, people are more concerned about their health because they realize life is way bigger than anything else and they’re maximizing their efforts to improve their immunity and personal diet, with this we can see a huge rise in the consumption of organic fruits, vegetables, and groceries.

Also, we are seeing the launch of many organic store brands. So, investing in organic products can give you huge returns in the future.

 Education sector

 Everyone is getting habituated to online learning due to pandemic. So, we can see education startup growing like distance education colleges, online course selling companies, online tuitions, and online coaching platforms. Though these are already in the boom, with the help of this pandemic it will grow better than before and with this, we can also see increasing e-summits, online business, and education events, in fact, they can also replace offline events.

 Hotel and food sector

Due to lockdown, people are not able to eat anything in public places and post this pandemic, people will be least interested to eat in public places like restaurants, hotels, and street vendors. By this, we can see growing cloud kitchens which can definitely grab public attention and parallelly, these days everyone is loving to cook their own food. So, we can also see a rise in recipe selling industries.

 So, if your someone looking to invest in the food sector then you can go with cloud kitchens, home-cooked, or recipe selling business.

 E-Gaming sector

 In recent times, after the launch of games such as Crossfire, Minecraft, Apex Legends, PUBG, Dota 2 and Counter-Strike: GO, etc. and also launch many gaming gadgets. Gaming has become more of a career option these days.

 Also due to lock down, people moving their interest towards online gaming due to which we can see a huge rise in the gaming sector.

 Online game streaming has become one of the trending activities. So, if you’re into gaming then online game streaming, organizing e-sports events, competition and tournaments will be a great deal.

 Wellness sector

 Nowadays, we are actively sanitizing and following strict hygiene rules to ourselves, homes, and our surroundings. So, in the future, we can definitely witness this tradition for a longer period. With this, the wellness sector like professional cleaning services for restaurants, offices, malls, and schools, etc. Are going to be in demand.

 Supply chain sector

 As people are nowadays not interested in public gathering you due to COVID-19. We are preferring to purchase most of the necessities like groceries, vegetables, food, etc. through online platforms. With this, we can see a surge in sales for these e-commerce companies. Again because of this we can witness non-contact deliveries. which means drone deliveries, so those people who are involved in product development and sales of this product related to drones are going to see a huge jump.

 Pharma sector

 There is going to be a direct impact on pharmaceutical sector and likely to see a massive surge in production and sales, so companies that are involved in the production of medical equipment, sanitizing equipment, home medical equipment can see huge profits.

 Internet sector

 Because of this pandemic, most of the businesses are not able to do any business the main reason is clients are not able to reach them. With this business are likely realizing the importance of online presence and slowly they are moving their path digitally. So, by this, we can see many opportunities in marketing automation, sales automation, website automation, etc.

 In this situation, no one knows how long this current situation will last long but one thing is clear world and way of living is going to be different after this COVID-19 Corona virus pandemic.