10 industries that are booming due to coronavirus, now there is no doubt the coronavirus is affecting many, many, many businesses around the world, and most businesses are suffering, but there are a number of industries that are booming due to the coronavirus.
Why do you want to be aware of these industries?
Perhaps this blog will give you some perspective, and, insights on how you need to modify your business model, how you want to pivot, or maybe you want to start a business after this is over, or, you want to start a business during the pandemic because you see an opportunity.
So, without further delay, here are the 10 industries that are still booming due to the coronavirus.
1. E. Learning
Many people are stuck at home, and a lot of people are starting to think “Hmm well the job that I used to have is no longer there, so what new skills or new knowledge do I need to acquire in order to equip myself?”
Because most of those jobs may not be available anymore, business owners and entrepreneurs are also thinking about “What new insights and help do I need to modify my business model?”
People are seeking learning opportunities, especially learning opportunities from home, so they don’t have to go to a physical location, instead, they can take in the same knowledge from the comfort and safety of their own home.
E. learning is huge, and, a lot of students are learning virtually from home, this will create a new behavior after COVID.
A lot of people will question, do I actually need to go to school? And, will going to school and getting that degree even prepare me for the new future?
2. Medical Products
Anything related to curing or preventing the coronavirus, I’m talking about hand sanitizers, masks, and soap, or anything at all, that could help people to protect themselves.
Of course, there’s still a huge shortage of this in the world, but thinking about this in the future when this is over, when there is a cure, and everything’s back to normal, this will not be the last time we see a virus like this.
I hope it is but, we also have to be a realist, so understanding that this might come back and there might be other viruses in the future.
Being in the medical supplies business not only is a great business to be in, not just to make a profit, but it’s a business that could save a lot of people’s lives.
3. Delivery Services
Since we are stuck at home and the government advises us to stay at home, this leads to us ordering more takeout, ordering delivery, and buying more things online.
Delivery services are huge, even logistic companies in the right sector could be booming as well.
4. In Home Entertainment
Of course, we’re talking about Netflix, Disney, YouTube, and other platforms like these are doing very well.
However, you can see on YouTube a lot of content creators AdSense revenue is down, because fewer advertisers are advertising on the platform.
However, more people are tuning in and watching content, this means these platforms are now building their base.
It depends on the audience that you’re serving, but in general, the in-home entertainment industry is booming.
Now is a great time especially if you’re an entertainer or creator of some sort, to entertain people, a lot of people need entertainment and a way to escape the loud and depressing world.
Make sure to keep creating content and build a customer base, don’t slow down, grab a phone or a camera, connect with others, serve your audience and have fun, now is the time to seriously expand your reach.
5. Online Gaming
People are bored out of their minds! People want some kind of entertainment again; they want some kind of escape.
It could be online gaming, for example, casinos, since people can no longer go to the physical casinos, but they still want to gamble.
Or online gaming in terms of just playing games online is a huge industry, and, it will get bigger and bigger, especially later on when VR is more popular, this industry will be booming for many years to come.
6. Online Dating
As of now, people are more isolated, people are getting lonelier than ever, we crave that human connection.
Also, more people will be single, now if more people are working from home there are fewer opportunities to even go to the coffee shop and meet somebody.
Online dating will be huge, in fact, it’s already pretty big, it doesn’t even have to be a dating website or app but, anything that serves that particular industry will be booming as well.
7. Software
Especially software that helps people to connect or work remotely, for example, Skype, Slack, Zoom, or anything that helps other people to connect and communicate better, that kind of software will always be booming.
Another thing you could think of is any software that helps people to start an online business.
Those businesses will also be booming as well, so don’t overlook this, think about how you can serve that particular market, because people’s buying habits are changing.
8. Supplement Industry
The supplement industry is always big, but now with the coronavirus, people are a lot more health-conscious, and fearful.
They want to take care of their body and take care of their own health, so people are starting to take more vitamins and supplements, to make sure they’re strong, and can protect themselves.
Plus, people aren’t only buying supplements for themselves, but also buying supplements for their families, so the supplement industry is also booming as well.
9. Supermarkets
Now this one is very obvious, since people are stocking and over buying a lot of food and other groceries.
This is leading the supermarket industry to absolutely boom, they’re getting more sales than ever before.
In fact, they’re running out of products, people are buying more than what they need, because of fear, so the supermarket industry is also booming.
10. Cleaning Industry
Now, this may not be a very glamorous industry but, that is the cleaning industry, for example, cleaning, offices hospitals, and homes.
Due to COVID-19 people are getting more fear-driven, they want to have a cleaner and more sanitized place.
Many people are making sure to hire a higher-quality group of professionals to help them clean their places, so the cleaning industry is also booming.
IN CONCLUSION
These are the industries that are booming due to COVID-19, what we must understand is either you want to be in these industries or, you want to think about how to serve these industries.
Or, you want to think about how you could change your business model, because one thing that we do know is that things are never going to be the same, people will buy and shop differently.
People will spend their money differently, and their priorities will change.
As an entrepreneur, it is your job to see what problems are in the marketplace and how you can solve them.
Don’t get too hung up on your existing business model, we all have to pivot, protect, and preserve, what we have.
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Thank you for reading this blog post, if you found any value in this, please share it with someone that needs to see this message, or share it on your social media.
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