The introduction of new measures to combat Covid-19 means the end to the pandemic may soon be over. The pandemic may have turned everything upside down, but it can also open opportunities to people who are thinking of starting a business. Some of the world’s biggest companies were established during a crisis, including General Electric, The Hewlett-Packard Company, and Trader Joe’s.
Due to this, it may be a good time to start a new business once the pandemic ends. Here are some possible businesses people can start once everything goes back to normal.
Home Improvement Supplier
Since people are staying home due to the pandemic, it’s challenging to access services like gardeners, carpenters, and plumbers at this time. In this situation, people end up working on their own home improvement projects. While this may be a good market for general contractors and other professionals, another way to enter this market is to supply home improvement materials and tools.
The demand in the home improvement supply market increased during the pandemic. The biggest increase in demand was for gardening supplies. Overall, the increase was striking, as reflected in Google searches for a home improvement project in the United States.
With this, people can start sourcing out supplies and resell them locally once the pandemic ends. Buying in bulk allows people to get a good discount on the products they’ll sell in the market. They can also contact the manufacturers, distributors, and even foreign companies to supply the items they can sell.
The demand is expected to continue as people will continue working from home even after the pandemic. So, the market for home improvement supplies will still exist even after everything goes back to normal.
Another business idea that saw a sharp increase is the food delivery business. Revenue of food delivery apps doubled in the second and third quarters of the year. Even as the biggest food delivery service companies may be taking the lion’s share of the market, there’s still a place for new players due to the market’s immense size.
But the best way to enter the market is to serve areas that aren’t covered by these companies. This means newcomers can extend their services to the suburbs since delivery services don’t typically cover these places.
Serving the suburbs means the delivery should be timely and fast. While speed is of the essence, it’s still advisable to stay within the speed limit if an officer with a police radar gun is waiting to catch speedsters on the road.
Aside from food deliveries, people can also offer grocery delivery services. Since people who work from home will likely want to stay home all the time, they’ll be looking for a service that delivers their groceries to them. This makes it a good market to tap once the pandemic is over.
Even though fitness centers and gyms have reopened, people remain cautious and haven’t flocked to these enclosed spaces for their daily exercise routines. They prefer to work out in the comfort of their homes. The situation will likely continue even after the majority of the population is already inoculated.
This opens a new market for people who plan to open a business once the pandemic ends. Besides selling fitness equipment online, fitness enthusiasts can also offer remote fitness training to people interested in keeping themselves fit without leaving their homes.
People can also offer special fitness classes for individuals who want to focus on exercising specific muscle groups. These classes may require premium payments from interested individuals. Additionally, workout videos will likely come back in fashion as more people get interested in staying fit and healthy at their own pace.
Skincare and Beauty Products
Skincare products saw a considerable increase in sales during the pandemic. The closure of physical stores forced people to buy online. This proved to be a blessing for companies as they saw sales increase. Companies started rewriting their product descriptions and promote more products online. Online marketing activities also increase as smaller companies started opening social media pages to reach their customers.
The increasing demand for skincare and beauty products is expected to continue even after the end of the pandemic. People who choose to continue working from home will drive the demand for these products. This makes this industry a good place to start a business after the pandemic ends. People can resell skincare and beauty products online. They can also post how-to videos and monetize their websites through ads and affiliate marketing.
While some people are not optimistic about the economy after the pandemic ends, some businesses will still thrive and even grow when everything goes back to normal.