The COVID-19 pandemic left millions in a state of affliction, as the world was frenzied due to lack of work and job losses. The effects of the COVID-19 pandemic have taken yet another negative turn and reality has set in.
Speculations have been made about the threatening economic recession that could very well be one of the aftermaths of the pandemic. The world economy is likely to crash, as SMEs and large enterprises are experiencing significant losses.
However, in desperate times, people need perspective, as perspective brings calm; which is what we intend to do. We understand that in preparation for the “new normal” that the world is experiencing now, entrepreneurs would begin to consider safe and rewarding businesses to thrive in the post-COVID-19 world. On that basis, enjoy an informative article that shares the top 5 businesses to start, to embrace the new normal:
1. Online tutoring
Online tutoring could undoubtedly be regarded as a beacon of hope for many. With school closures worldwide, the right to education has been threatened; however, online tutoring seems to be a substitute for schools. As there is a rise in the number of online classes and learning platforms, online tutoring is experiencing a significant upturn at the moment. Being an online tutor is also accompanied by certain financial merits, given that online tutors earn money from the tuition or registration paid by students or the online tutoring platform. More importantly, as an online tutor, your income relies more on what you know, as you can tutor more than a class depending on how knowledgeable you are.
2. Starting an e-commerce store
This is one of the most profitable means to make money in a world we would consider; “The New Normal”. In a post-COVID-19 world, a significant percentage of the world’s population would certainly prefer to stay “socially distanced”, till the aftermath of the devastating pandemic blows over. Hence, e-commerce stores will be preferable options for them to get their basic needs. As an entrepreneur, all you have to do is capitalize on this, is to build your brand exposure, and ensure your online store can provide those basic needs. Deliver necessities to customers at affordable prices in their time of need, and watch your fortunes grow. After all, arguably the biggest earner in the COVID-19 lockdown period is none other than Jeff Bezos, Founder and CEO of Amazon.
3. Online fitness coaching
Online coaching has never been anyone’s first choice to make a living. Nonetheless, it is a growing trend among youths today and quite a great way to earn income in a post-COVID-19 world. Becoming an online fitness coach is not challenging; however, getting revenue from it is what most people may find difficult and tasking. If you are looking to make money in fitness, there are quite a number of ways to do so. All the fitness trainer has to do is think outside the box; that is, the box of doing training sessions online. As an online fitness trainer, you could create a blog about your niche, sell your workout plans, sell fitness products via e-commerce etc. These are honest means of earning money as a fitness trainer, and you do not have to leave the comfort of your home.
4. Freelance writing
Freelance writers are generally considered lucky in the lockdown period and are most likely to be as fortunate, post-COVID-19. This will be the case for freelance writers, and the industry at large, as all work done is completed remotely. This business, however, requires adept skill. Although, if learned and perfected, it could be a great source of income.
5. Sales of important medical preventive materials
It is only reasonable to sell essential health equipment in a pandemic. This was considered a temporary way to earn money, but many did not expect the pandemic to last this long. This translates to the higher products are in demand, the higher their value; hence, high revenue is gained from the sale of such product. Face masks, sanitizers, and medical gloves are in high demand at the moment, due to the fear of the pandemic and people’s sense of self-preservation. As such, entrepreneurs can leverage this and earn
money in a post-COVID-19 world.
Many of these do not apply to everyone, due to certain individuals’ preferences, convenience, or skillset to start any of the above businesses or run them successfully. However, it is important to find whatever suits you best and ensure that you work as hard a possible to get the best out of it and ensure that it thrives in the world we live in; a
a world that we have had to call; “The New Normal”.