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The year 2020 was nothing less than a nightmare for livelihoods all around the world.
The ongoing Covid-19 pandemic continues to impact almost every aspect of our lives, even in 2021. There won’t be something usual or restored to its former glory.
Instead, we’ll have to adjust to a new normal. Undoubtedly, it is a terrible situation for mankind.
Like every other aspect of life, businesses have been affected by this pandemic as well. Economics has been thrashed around the countries. Businesses are striving to survive in the market. The world has never seen such a horrible situation before.
However, it also came as a bundle of opportunities for many businesses, labels, and start-ups around the world.
Inaugurating a business during a pandemic might not seem like an ideal attempt, but it actually could be a great entrepreneurial decision. Some of these ideas are too easy to implement as well. It doesn’t require too much investment or manpower.
The best part is you can even start some of these sitting at your home. Where you can maintain the social distancing also and can give your career a new direction as well.
I am sure there are many Covid-inspired business ideas sprouting in the business world today inspired by some of the most famous entrepreneurs.
Best Start-up Ideas In The Pandemic
1. Health & Wellness
“Health is wealth”, you surely have heard of this proverb. But keeping good health is the biggest challenge today.
With a global health emergency at hand, the health and wellness industry has a tremendous opportunity to establish itself as a necessity for consumers.
During the pandemic, fitness and wellness content has grown in popularity as people seek extra motivation and inspiration to get back on their feet.
People who are at risk of developing immunity deficiency paranoia are eager for something that can help them remain safe and fit.
You can take advantage of this opportunity by offering on-demand virtual fitness courses and developing content to help people improve themselves and break free from panic.
You can start your online fitness class, Zumba, etc. Or you can become a diet consultant as well. The opportunities are enormous. However, you must select the appropriate niche based on your territory, location, and expertise.
2. E-Commerce
The pandemic has dealt a serious blow to physical retail outlets all over the world. With numerous countries imposing lockdowns, social distancing being the new standard for months, if not years, and people avoiding gathering in markets, grocery stores, and public places, the E-commerce and delivery-based sectors are booming.
By 2021, eCommerce will have accelerated to even higher levels, allowing more entrepreneurs to start businesses both online and offline. People who previously avoided ordering utilities, facilities, and commodities online are now adjusting to meet their everyday needs.
So, make use of these opportunities. Create your personalized niche-specific online store or start doing affiliate marketing. For some more insights into this sector, you can try learning about Google Ads’ benefits.
3. Ed-Tech
It was undeniably a death blow to many medium and small schools, but it also provided opportunities for them to provide online instruction. When schools and educational institutions are unable to operate, online schooling, tutoring, and web courses have become indispensable.
People are reluctant to take their children to locations where social distancing cannot be practiced, so the ed-tech industry is tapping into any possible opportunity.
The market for online teaching has exploded around the world, and it is expected to reach new heights this year.
It might be the most lucrative business opportunity if you are passionate about teaching. You can start as a part-time hobby and work your way up to full-time involvement as you gain experience. Create a virtual tutoring agency by identifying your subject knowledge and deciding on an age group to target.
4. Content Marketing
At the moment, content marketing is one of the most common and profitable segments in the industry. It’s a broad term that encompasses a variety of other practices.
You can transform your passion for writing into a profitable company if you are serious about it. There are plenty of businesses out there willing to pay you to write blogs, web content, social media content, press releases, or resumes.
If you have a passion for writing and good skills in the subject, then starting your personal blog would be an add-on. Start your niche-specific blog.
Create engaging content that would benefit the readers. There are numerous successful bloggers around the world who are making a huge amount of money every year from their blogs.
On the other hand, if you have a broad following on social media platforms such as Instagram, Twitter, and Facebook, you will earn money by supporting other people’s businesses.
By leaving a favorable review and highlighting products and services on your blog and other sites, you will earn money. As a social media marketing expert, you have a stable and lucrative career.
Companies can be approached for advice about how to handle their profiles through platforms, promote their business products and services through content, react to customers with questions, and more.
5. Financial Services
One thing that’s certain in the forthcoming days is an all-time economic low. Masses would be left out with few or no cash reserves. Apart from these, unemployment and health issues would make the situation worse.
On such occasions, the regulated financial service providers have a crucial role to play. A professional money lending agency could be a great startup opportunity for you.
With very limited knowledge of accounting, ledger record maintenance, and some other technical skills, you can make good buckles out of the bookkeeping business.
Final Thoughts
Covid-19, without a doubt, was a nightmare for people, destroying their lives and livelihoods. However, as we all have heard, adversity creates opportunity. For the most part, the future looks grim.
Economic growth is unpredictable, and widespread unemployment looms in the coming quarters, but not for the industries and sectors mentioned above. These will continue to shine and grow as business and knowledge leaders are to be reckoned with.
Mashum Mollah is a tech entrepreneur by profession and passionate blogger by heart. He is on a mission to help small businesses grow online. He shares his journey, insights, and experiences at BlogStellar. If you are an entrepreneur, digital marketing professional, or simply an info-holic, then this blog is for you
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