In 2020, the outbreak of COVID-19 had forced many businesses to close. Those that survived the first wave of the pandemic were forced to make a sharp pivot to keep up with the changing economic landscape. While 2020 was considered the period of transition for every sector in the economy, 2021 now arrives as the period of evolution.
If you’re a young entrepreneur whose business plans got moved back in 2020, let 2021 be the year you go through with your plans. Initially, it may not sound like an ideal time to start your business venture. However, if you possess the necessary skills and understand consumer behavior, you might just create a thriving business.
Not sure where to start? Here are some ideas you can consider for your next business venture:
The lockdowns that followed the COVID-19 pandemic kept many Americans at home, causing more people to order their necessities online. This resulted in the accelerated growth of e-commerce sales. This wasn’t just a local occurrence, however, as e-commerce sales reached an estimated $4.9 trillion worldwide. Now, as more people become more comfortable making online purchases, creating an online business is a step in the right direction.
If you’re an artisan who enjoys making crafts, you can turn your hobby into a thriving business. Many websites serve as online marketplaces for independent sellers who want to share their art with the world. Whether you’re creating custom keycaps, resin key chains, or papercrafts, you’re bound to find interested buyers. The best part about online selling platforms is that you can work from home.
Students are staying home and attending online classes, but that doesn’t mean that they don’t still need help with homework. Virtual or online tutoring can become a lucrative business if you have the skills to match. Consider the skills you have right now and think of who might benefit from them. This, accompanied by strong communication skills and patience, will help you teach someone easily and efficiently.
Of course, this isn’t only limited to students learning from home. If you possess skills that are in demand such as web development, graphic design, video editing, etc., you can teach a beginner class on those subjects. You’ll benefit from making a living out of it while also helping other people learn a new skill.
Many people are still taking strict health and safety measures against the virus and not leaving their homes. This is especially true for those who are more prone to contracting the virus, such as the elderly and immunocompromised. As e-commerce continues to grow, it’s no surprise that delivery services are highly sought after by many companies. Take advantage of this demand by learning the ropes and joining Uber Eats as a driver or becoming an Instacart shopper. If you feel like you know enough about the industry, you can even start your own delivery business and get in touch with small businesses that might become your first clients.
As many people continue to work and learn from home, there’s no choice but to stay in for most, if not the whole, day. This, accompanied by the fear and anxiety that the pandemic brings can lead to ruined routines and a lack of self-care. And with most gyms and wellness studios remaining closed, people need more motivation to work out and stay healthy.
The world of health and wellness is a wide one, with different ways to stay on top of your health like yoga, high-intensity workouts, running, etc. Nowadays, tons of online fitness and wellness content can help people stay in shape without needing to leave the house. If you’re a health-conscious entrepreneur who wants to motivate others to keep themselves healthy, there are a few ways you can spread the word:
If you don’t mind speaking in front of a camera, you can create motivating and engaging content about staying healthy. Film your workout routines and provide a step-by-step guide on how to do them. Remember that you have to engage and empathize with your audience to make relatable content that people will want to watch. For instance, make sure that you’re filming at home and showing workout routines that people can easily follow. If you’re catering to people who may not have proper gym equipment in their homes, don’t show them a workout that requires dumbbells.
Health and Wellness Business
If you’d rather stay behind the scenes and don’t have much experience when it comes to professional health and wellness, you can consider different business opportunities that allow you to enter the field. There are many kinds of opportunities to choose from, such as online gym and yoga franchise business to opening your own spa.
Subscription Box Services
Subscription boxes have become somewhat of a trend in the past year. This is due to the fact they provide products that they provide an almost contactless service that caters to any specific need. To open up a subscription box business, you’ll need to do a lot of research. You’ll have to identify your niche market, figure out a specific need you can cater to, and curate a variety of products that your niche will enjoy. Subscription boxes come in a variety of forms and genres such as toys, beauty products, or even meal preps.
Before starting any business, it’s important to do your research and gauge whether your business idea will thrive considering the current situation taking place around the world. Once you’ve found your target market and plan every aspect of your business including a backup, you’ll well be on your way to creating the business of your dreams amid a pandemic.