The COVID 19 year was a landmark year for many industries worldwide. Thousands of businesses in many majorities of the businesses closed down, even among those who survived suffered catastrophic losses. Business leaders have said that we will feel the pandemic’s economic effects for the next few years. It has caused such a massive economic disruption that just mass vaccination wouldn’t make a dent repair what is already lost. Supply chains are forever affected.
On the other hand, some businesses which were once thought of as non-essential exploded in popularity. Due to necessity, businesses that were essential to go about life during a pandemic became extremely popular. Food hailing applications, digital marketing firms, and healthcare-related businesses thrived during the pandemic.
It was found that those businesses that were flexible, adaptable, digital, and creative became all attractive sellers when others are closing down. For example, a food hailing app like DoorDash, an exclusive food ordering company based on the internet, made a killing during the pandemic when everyone was locked down. Even home maintenance shops became extremely profitable during the lockdown because everybody found something to repair in their homes.
Of course, no single person in the world can accurately predict the future. However, what startups are profitable and fit in this ever-changing world?
Health and Wellness Startups
Starting a health and wellness company right now is a great idea for those with a lot of passion for those ideas. Health and wellness-related businesses never wavered in the pandemic. The industry has been on a steady incline for the past few years as many people became concerned about their personal health. A lot of people thought that the pandemic and the COVID lockdown announcements would slow this growth down. However, quite the contrary happened.
Even more, people became interested in becoming healthier and more fit in the midst of a pandemic. Consider starting a fitness franchise while people are still interested in investing in themselves. Even startups regarding fitness supplements are all the rage. Although people predicted it to be merely a fad, health and wellness startups are still thriving to this day.
Digitization Startups
The pandemic has pushed everyone to work from their own homes. It has made almost every management member realize that most of the work can be done from home. Pioneering a startup involving servicing a company to go digital fully is another great idea for a slick business that will last. The information technology service industry will not go away. There are many other businesses still taking in many files and data that need to be digitized. Digitization of the businesses is the next logical step to ensure their survival.
Medical E-consultations
Organizing e-consultation firms regarding medical problems can also be a great startup in the future. While it will become slowly more acceptable to go outside after having vaccinated most of the population, the mere convenience or ease of having medical consultations held online is worth the risk. E-consultations are risk-free and cost extremely low. Anyone can do it from the safety of their own home — including the doctors. Medical consultations held online are the next step in the future of medical aid. The consultancy will never die out as a profession and as a business.
Online Reselling
Online reselling is an enormous market not a lot of people have tapped into. Online reselling is the business of buying out real-world materials and products and repackaging them for profit to sell online. Although it can take a while to gain traction, online reselling is a proven business for thousands of people who have the diligence required to research the prevailing market needs.
It becomes easy to find the niche you are looking for in figuring what to resell online once you finally find your niche. It has been on the uphill trend since before the pandemic started. It has seen exponential growth during the pandemic. The same will be the case even after the pandemic is solved.
Cleaning Service
In a time of the pandemic, constant cleaning is key to prevent the entry of the virus inside your beloved home. A constant cleaning service made available to residential buildings is one of the best ideas to do in a startup fashion. Even with a small staff, thorough cleaning is obtainable through training. The overhead itself is not atrocious, to begin with. You only require discipline and dedication from your staff to pull the business off.
