The pandemic has affected a lot of businesses worldwide since the COVID-19 first broke out in March of last year. Companies of all sizes practically resort to cost-cutting due to volatile stocks, and unemployment.
Apparently, some companies were forced to shut down. But while some businesses have managed to stay afloat, a few others have found ways and means to thrive.
Every entrepreneur now hopes that this crisis will soon subside and come to an end. That way, everyone can get back to business—literally and figuratively.
But have you wondered what business to start after the pandemic?
It’s best to take a look at some relevant industries that appear to be flourishing during this crisis. You can start planning how to kick off your business as early as now. After the pandemic, your business will then be up and running.
That said, here are five industries to venture into for your post-pandemic business:
1. E-Commerce Business
E-commerce has long been thriving even before the pandemic. However, the COVID-19 crisis has all the more intensified this industry.
We’ve seen how brick-and-mortar stores have jumped into the digital bandwagon. They’ve begun using e-commerce platforms and social media channels to promote their products.
The digital realm has also allowed consumers to conduct some business transactions online. In fact, online shopping rose by 44 percent last year. This is a trend that will continue even after the pandemic.
For instance, you can start selling handmade products online if you’re particularly interested in them.
2. Health and Wellness
The COVID-19 crisis has shown the importance of taking care of our health. This makes businesses in the health and wellness industry to be more relevant than ever.
The current situation even calls hospitals, clinics, and other medical facilities to widen their services to be able to accommodate patients.
If you’re a healthcare practitioner, you can start providing telemedicine. You can also open online classes and even develop tracker apps for fitness and nutrition. Finally, you can sell products such as food supplements as well as vitamins and minerals.
In the next years, expect the emphasis put on a healthy lifestyle. This is what your business should focus on.
3. Cleaning Service
Cleaning service companies have flourished during the global pandemic. Many homeowners and business owners hire their services for cleaning, disinfection, and sanitation. They want to keep their residential and commercial spaces free from the virus.
That said, it’s a good idea to venture into this industry as a cleaning service provider. You can set your team of professional cleaners and provide cleaning services in your locality. You can also begin selling cleaning products, tools, and supplies.
As people have seen the impact of COVID-19, they will want to ensure the utmost cleanliness in their areas.
4. Real Estate
Surprisingly, the real estate industry will continue to boom in the next few years. Sure, the house pricing and mortgage interest may have surged as of the moment. However, some people are looking forward to investing in a property.
In fact, many homeowners have gone into major home improvements during the pandemic. Those without permanent homes may consider getting a mortgage loan and buying a house.
As a major investor, you may want to open a real estate business. You can buy and sell properties, become a realtor, or even offer home loans.
5. Digital Marketing
Digital Marketing has now become more relevant than ever. It has become the major means of promotion of most businesses during the pandemic. This is particularly useful, as people stay in the comfort of their homes while hooked up online.
If you are a digital expert, you may want to open your own digital marketing agency. You can offer online marketing services such as search engine optimization (SEO), pay-per-click (PPC) advertising, content marketing, and even social media management.
In the next few years, expect most businesses to heavily rely on digital marketing. You may want to take advantage of this industry by opening an agency or getting into freelancing as your sole business.
The global pandemic has become both a challenge and an opportunity. Ironically, the restrictions have led to some possibilities.
Sure, your business may have been crippled due to some restrictions. But you can always find ways to get by and survive. And if you have yet to start a business, know that some industries look very promising.
As an aspiring entrepreneur, you have to be resilient, resourceful, persistent, and yet hopeful. Who knows what business is in store for you after the pandemic?