COVID-19 has changed the world, particularly when it comes to businesses. Domains like travel, hospitality, entertainment and events which were once considered booming have bleak prospects ahead. The parameters for exploring business opportunities have completely changed. An entrepreneur who wants to start up a new business in the post-pandemic era has to think differently, when it comes to choosing an opportunity that is going to be viable and lucrative in the future. Here are a few that are considered ideal for the coming times.
Retail selling has witnessed a shift towards e-commerce, with social distancing becoming a norm and people trying to limit their shopping outings. If you want to make it big, trying your luck with e-commerce selling makes sense. There are different ideas you can explore, from selling medicines to groceries, cosmetics, clothing and home decor stuff online. To start with, you will need to have an online store and market it to reach the audience. Further, you will require an entire backend system in place, with suppliers, warehousing and delivery partners.
Online healthcare consultations
Since health is the major concern for everyone today, healthcare is an industry that will witness a boom. The best way to capitalize on this impending boom is by starting an online healthcare consultation platform. Here again, you will have to create a web and mobile platform that connects patients with doctors digitally. This is a good idea because patients would prefer to consult online instead of having to visit a clinic or hospital physically and be at risk of infection. You can make money through an on-demand service commissioning model.
Education is one industry that is never going to wane, no matter how bad things get. Opening a school or college at this time is not a good idea because it requires heavy investment and there are chances that you won’t be able to start operating for a few months. Rather, you can look for the Best Education Franchise Opportunities to get a good start in the industry. Right now, you can impart education online and later get on with the conventional model once things get back to normal. The best part of collaborating with a reputed franchise is that you have the advantage of partnering with an established brand rather than having to start from scratch.
Pickup and delivery
As businesses of all types are looking for ways to reach the doorstep of customers, pickup and delivery solutions emerge as another good business opportunity. The best part is that you don’t even need to start with a major investment; you can even get started with your own vehicle and gradually grow the delivery fleet with time. A changing economy means that these enterprises will only become bigger in the near future.
Now that you know enough about the lucrative business opportunities for the future, you can take your pick and get started!