Online Businesses to start after the COVID 19
Winston Churchill once said do not let a good crisis go to waste, throughout history, more billionaires are made after an economic crisis, pandemics and wars than any other time in history.
According to the International Monetary Fund, the global economy is more likely to suffer the biggest blow after the COVID 19 than any other time in history since the great depression.
According to the World Bank World, the trade will contract by 23%, throughout history events such as Economic Depressions, Pandemics and Wars have changed the trajectory of governments, economics, and Business.
The Black Death in the 1300s broke the long-ingrained feudal system and replaced it with a modern long contract, SARZ pandemic of 2002 to 2004 catalyzed the meteoric growth of small companies such as Alibaba and helped it to establish itself at the forefront of retail in Asia.
This growth was Feud by underlying anxiety around travelling and human contact, similar to what we see today with COVID 19, the financial crisis of 2008 also produced its disruptive side effects.
Air BNB and Uber shot up in the popularity across the west as the crisis forced people to share assets in the form of spare rooms and car rides to cover for the deficit.
With the COVID 19 crisis, we are already witnessing an early shift in the way people conduct business and the way consumers buy goods, Remote working is now been promoted and consumers now resort to online shopping to avoid crowded shopping malls.
Some of these changes are direct, short term responses to this crisis and will revert to regular ways once the pandemic is over and contained.
However, some of these shifts will continue in creating a long disruption that will reshape business for decades to come.
While it is more important to focus in getting out of the health risk posed by the outbreak, it is of prior importance to keep your eyes on what lies ahead after this pandemic, because this global pandemic will reshape the way we conduct business for decades to come.
Here are 5 online businesses and opportunities that are likely to succeed after the COVID19 pandemic
Millions of Companies across the globe have been hit hard by this epidemic, especially in the tourism, travel and hospitality industry, most of this companies have lost millions of dollars due to a lack of business and because of such, they have dug too deep into their reserves and are now in a serious final crisis. When the Epidemic ends and business resumes, it is quite obvious that this company would be forced to operate under strict budgets and just like any other company in a final crisis the first department to suffer huge budget cuts, is the marketing department, many organizations will now resort to more affordable marketing strategies such as digital marketing.
Digital marketing is the use of the Internet, mobile devices, social media, search engines, and other channels to reach consumers. Digital marketing is on the rise and includes search result ads, email ads, and promoted tweets – anything that incorporates marketing with customer feedback or a two-way interaction between the company and customer.
Internet marketing differs from digital marketing. Internet marketing is advertising that is solely on the Internet, whereas digital marketing can take place through mobile devices, on a subway platform, in a video game, or via a smartphone app. You don’t need to have a degree in marketing for you to become a Digital Marketer, it is a skill you can teach yourself online, and there are millions of YouTube tutorials that can assist you.
Just like any other Pandemic in the history of man, the COVID 19 epidemic will soon come to an end, scientist are working tirelessly to come up with a cure and they are on the brink of a breakthrough, but the issue of social distancing and avoiding public gathering amongst millions of people across the globe is something that will not go away anytime soon or even in many decades to come, hence such a scenario will create opportunities for online education business since many will do their best to avoid public lectures, online training and businesses will boom post-COVID-19 and businesses that position in this space will benefit immensely
Online Collaboration Tools
For many years Multinational companies across the globe have been spending millions of dollars organizing conferences and meetings for their employees all over the world to be in one place for important general meetings and sometimes during product design, they have often incurred huge travel expenses hotel bills, but due to the COVID 19 crisis that imposed travel bans all over the world they were forced to resort to Remote working, this was an unlikely situation and something unforeseen, but the adoption of remote working methods with the use of online collaboration tools such as skype, google hangouts have resulted in huge final savings for many companies, therefore it is quite obvious that many companies even after the pandemic they will resort to such platforms hence creating business opportunities for software developers that design and improve online collaboration tools
SARZ pandemic of 2002 to 2004 catalyzed the meteoric growth of small companies such as Alibaba and helped it to establish itself at the forefront of retail in Asia.
This growth was Feud by underlying anxiety around travelling and human contact, similar to what we see today with COVID 19, After the Pandemic the way people shop and the way we do business will change and there will be no turning back, the world witnessed millions of people dying because of this epidemic.
The world’s population is in constant fear, and these might be the case for many years to come, around the globe many people now resort to online shopping, hence creating business opportunities for Dropshiping, online Retail stores, so if you looking for a business opportunity that is more likely to succeed after Covid19 is over, you should start researching on selling online, you do not need huge amounts of capital to start, and they’re now many platforms that will enable you to start an online store, such as Shopify. Follow the link below to see a step by step guideline on how to start a Shopify store.
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