The COVID-19 pandemic has negatively affected the global economy because many businesses were shut down in a bid to curb the spread of this deadly virus. With the restriction of movement, lockdown and closure of businesses, many entrepreneurs have suffered losses because they have been forced to stay at home.
However, there those businesses which are still thriving and are making good profits from this crisis. If you are looking for business ideas, the following are some of the new businesses that you can start and thrive during Coronavirus pandemic period.
Online Food And Groceries Delivery
We all know that food is very essential for our daily survival. People are now staying indoors most of the time in order to comply with the social distancing health regulations. Therefore, only a small percentage of people are able to go to the market to buy groceries and other items.
That’s a great business opportunity that you can take advantage of and start an online food and grocery delivery store. You only need a small amount of capital to setup and have a few stocks for your first clients.
Board Games Business
Online games have also gained a lot of popularity during Coronavirus pandemic because most people are at home and they are looking for something to keep their minds engaged. You can learn more about board games and start a business fast especially at these time when things are not yet back to normal.
Teaching Life Skills And DIY Projects
Do you have a skill or expertise in a certain field and you can teach people remotely? That’s a business idea. There are people who are cashing in by teaching foreign languages online. You can also teach kids now that they are at home about life skills and simple DIY projects that they do at home. You can even create a YouTube channel for such projects and make money.
Renting Out Gym Equipment
Were you operating a gym before COVID-19 pandemic and you have been forced to close your doors? Worry not because you can make special arrangements with your loyal clients and rent out some of your gym equipment for a handsome fee. If you had also planned to start a new gym business soon, you can also use this concept and try to offer virtual gym training sessions.
Liquor And Wine Delivery Business
Most bars and restaurants were shut down so as to limit large gatherings and to maintain social distance. With so many people staying home, the demand for liquor and wine is very high. This a new business idea that you can capitalize on by opening an online liquor and wine delivery business. People will just have to place their orders online and you do the delivers to their doorstep.
As you can clearly see from the above business ideas, there are some positives that we can pick from COVID-19 pandemic. If you can start any of the above businesses, you will still be able to make a good profit even as the world at large tries new interventions in an effort to boost the economic recovery after this Coronavirus crisis.