7 Small Business Ideas To Explore During the Pandemic
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Businesses around the world have abruptly shut their doors due to the massive spread of the Coronavirus. Many different industries, especially the travel, hospitality, and restaurant industries, are experiencing massive struggles. Other fields, like personal services, beauty, and entertainment, have also suffered. Entrepreneurs do have some opportunities to make money, however, and refocus their efforts in this new world. Here are some ideas for launching or sustaining a successful small business during the pandemic.
1. Grocery Store Delivery
One idea for a small business could be to start a delivery or errand service for groceries and essentials. When an area experiences a peak in virus infections, it is difficult for the vulnerable population to go out to stores for food and medicine. Additionally, things that usually require a visit to another location, such as car repairs, furniture pickup, and dump runs, are much more challenging. With delivery or errand services, customers could wait safely at home while staff members help. The demand for grocery delivery has exploded, so entrepreneurs can rise to the occasion and meet this need.
2. Virtual Personal Training
Fitness enthusiasts can turn their passion into profits by delivering personal training and other health content online. Since millions of gyms are closed in affected cities, some fitness instructors and gym owners now stream their classes. Starting a personal training business could be a viable way to sustain your business. You'll need a webcam, an internet connection and engaging fitness content every day to encourage viewers to stay focused on their exercise goals. The combination of social media and blogging platforms may help aspiring fitness enthusiasts find success.
3. Digital Security
The field of online security is expanding due to the sudden influx of millions of teleworkers. People working from home for the first time ever may not understand how to keep their information safe from hackers. Business leaders who have expertise in digital security may be able to guide individuals and companies that rely on telecommuting workers. It's also possible to deliver their advisory services online, thereby enabling entrepreneurs to avoid breaking social distancing rules.
4. Online Tutoring
The post-pandemic world may need more personalized educational services for children. Business leaders may be able to turn this need into profitable online businesses involving one-on-one tutoring. There is a huge percentage of students at home now who may struggle with virtual classes. Students with disabilities and other special needs may also not be able to access the standard online curriculum their schools are teaching. An online tutoring business can help bridge the gap between instruction and the students’ needs while giving them supporting tools for success.
5. Personalized Finance
Many people experienced a drastic change in their finances as businesses closed and people were ordered to stay home at the onset of the pandemic. This has helped to carve out the demand for personal finance experts to help the population navigate their new financial situation. To start a business like this, you'll need to develop some expertise in finance or accounting, by taking classes such as continuing education accounting classes and learning how to assess potential clients' needs.
6. Beauty Consultants
The beauty industry has also taken a hit because of the switch to staying at home. While personal services, such as haircuts, massages, manicures, and waxing have been restricted, spreading the knowledge of how to acquire these skills is one way to stay in business. Starting your own beauty consultant business to help those at home trying to maintain their looks may be a great way to bring in additional income. Specialists can guide their clients by providing easy-to-follow haircutting advice, hair colouring tips, and simple skincare regimes.
7. Home Entertainment
The last potential business opportunity on our list for the pandemic is developing home entertainment. Hollywood reacted to the Coronavirus by shutting down all productions and halting movie releases. Soon, there will be a need for new and creative entertainment content. One way to help meet this demand is to think of ways to create entertainment. Smart entrepreneurs may be able to develop unique content through video conferencing tools or other platforms.
Traditional models of business are out now that the world is experiencing a global health pandemic. It is, however, still feasible to make money by implementing small business ideas that focus on delivering content and services to the millions of people at home.
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