With the COVID-19 pandemic spreading worldwide rapidly, organizations, companies, and businesses have suffered tremendously since the entire world economy has been challenging. It has raised a fundamental question about the businesses’ existence post-COVID 19 pandemics with billions of unemployment. Being an expert, you must know that the vast majority of business operations come to a standstill!
This piece of writing aims to cover the top 10 businesses post-COVID 19 pandemics that will flourish rapidly.
How are Businesses Changing Rapidly?
With more than 4 billion people being affected all around the world, the world, businesses post-COVID 19 will have to change tremendously once the lockdown is lifted. The biggest challenge that is faced by businesses post-COVID 19 is to resume their operations successfully. But, a few sectors can expect enormous growth in their businesses due to this COVID-19 Pandemic. This bane can be termed as a boon in disguise for them.
Let us try to understand which top 10 businesses can expect to reap the benefits of this global health emergency and make themselves part and parcel of the people’s day-to-day activities.
Top 10 Business to Grow Post COVID-19 Pandemic
#1 Online Tuition Classes
Online coaching is one of the top 10 businesses that have grown exponentially after the COVID-19 pandemic. According to various reports, educational apps have seen a massive upsurge in downloads during March 2020, with a notable increase of 300%! Educational organizations worldwide have been compelled to shut down temporarily and shift to the virtual teaching method. Online coaching classes have emerged after the crisis, with a more excellent online growth initiative from the educational industry. According to the statistics, online coaching classes are among the top 10 businesses that will prosper after the COVID-19 pandemic. Online coaching is all set to grow even further as a business post-COVID 19 as it assists with the current emergency and prepares the world for the inevitable future. Thus, online tuition class has secured the first place in our top 10 businesses list.
#2 Data Science-Machine Learning, Artificial Intelligence, and IoT
Data Science, Machine Learning, Artificial Intelligence, and the Internet of Things are the hottest and most trending skillset in 2020. Hence, it belongs in the top 10 businesses list as the most likely to succeed after the pandemic. It is all set to become one of the most indispensable business post-COVID 19, as these technologies’ landscape has shifted dramatically. With the onset of 5G adoption, which has received an overwhelming response in this sector, everyone has garnered more attention.
By converging powerful technologies such as big data, the Internet of Things, and Artificial Intelligence, there will be a more significant influx of the application of AI chips and 5G technologies. The innovative products and services that we will get in the future are going to be truly remarkable. Data science and machine learning are all set to grow exponentially and has established itself as one of the top 10 businesses to survive the COVID-19 pandemic. It is one of the best businesses post-COVID 19 as various data science websites provide complimentary online data, science classes.
#3 Online Products
Digital or Online products are one of the top 10 businesses that will improve business post-COVID 19 pandemics. However, it is essential to remember that selling a product in-store is quite tedious and time-consuming. The product industry faces various elements and challenges, such as inventory, shipping, warehouses, and much more. These difficulties have led to establishing the digital ecommerce business that gained a massive surge in popularity in the shortest period. Ecommerce is also set to grow as one of the ever-increasing mediums for creating better connections and establishing relationships with customers. The demand for digital products has skyrocketed, and digital products are being sold rapidly to generate more revenue and keep in touch with real audiences.
#4 Freelancing/Gig Economy (Fiverr, Upwork, Uber)
During its early inception, the freelancing or gig economy was hailed as the future of work, where jobs can be done as per the convenience. The choice available to freelancers or people working in gigs was given the luxury and choice to devote as much time as possible to their projects. The gig economy’s growth has propelled the development of two-sided marketplaces such as Upwork, Fiverr, Axiom, and Uber. There are numerous innovations in the digital world, which have led to a greater demand for rapidly reskilling the remaining workforce. Thus, the freelancing or gig economy is one of the top 10 businesses that will survive and boom even after the pandemic. Due to the vast demand for freelancers, the industry will remain a profitable business post-COVID 19.
#5 Stock Market Investment
Investing in the stock market is undoubtedly one of the top 10 businesses, yet there is very little compassion for the general public’s stock market. The Stock market industry is one-of-a-kind, and it is one of the most profitable businesses, post-COVID 19. The stock market price reactions have advised that various broad actions, including fiscal policy interventions, are essential to avoid negative results or propagations of the COVID-19 pandemic. Analysts have predicted a much different landscape for the stock market’s future than what we are used to.
#6 Insurance Policies
Insurance policies are a fundamental part of a complete and well-rounded financial portfolio. It is a business post-COVID 19 that is going to thrive in a developing world. During the coronavirus pandemic, insurance providers have been receiving multiple queries regarding coverage against coronavirus. The insurance industry remains one of the top 10 businesses that will undoubtedly see massive growth, based on its credibility in digital platforms. The faith that consumers have in digital platforms has grown tremendously and has become amplified, especially during a pandemic.
#7 E-commerce Platforms
The entrepreneur’s primary role is to be innovative in how they secure the future of the company. By merely assisting the customers and keeping the supply chains intact, buyers have changed their buying, stocking, and purchasing priorities. Various panelists believe that shifting into grocery, PPE is all just a quick pivot. The long-term focus has been on delivering the essential offerings for your business. You must find the correct method of adapting and working it out as a business post-COVID 19. Thus, Ecommerce platforms belong in the top 10 businesses list due to their unique ability to adapt and make it work in a post-COVID 19 world.
#8 Affiliate Marketing Programs
The entire affiliate marketing industry belongs in the top 10 businesses list and is one of the businesses post-COVID 19 that will undoubtedly survive. Forbes recently published an article highlighting the increase in various affiliate marketing industries. Thus, affiliate marketing is one type of business post-COVID 19 that will see a tremendous spike in interest after the COVID-19 pandemic. Industries such as medical supplies, oxygen, supplements, and health have seen a tremendous spike in their sales as a business post-COVID 19. The affiliate marketing programs have solidified their position as part of the top 10 businesses set to skyrocket as a business post-COVID 19. Due to the COVID-19 pandemic, there has been a more significant spike in global Internet usage. It is a welcome trend for all affiliates since 99% of all affiliate sales usually occur online.
#9 Healthcare professionals (On-demand doctors, Nurse, Caregivers)
The business that will grow post-COVID 19 is the healthcare industry, which might become one of the top 10 businesses post-pandemic. Developing a platform where most users can ask for on-demand doctors, nurses, and caretakers is the ultimate idea. It is vital to create an app that simplifies the entire process of booking medical professionals by visiting their homes. It is now the primary responsibility of pharmaceutical companies to play their part in the fight against the coronavirus. The future of tech partners is all set to grow, as it is possible to transition to an online medicine delivery within a few weeks.
#10 Focus on Mental Health
Providing better health care with a greater focus on mental health is the name of the game for the future. The health care industry is one of the top 10 businesses set to grow at an unprecedented rate, especially after the COVID-19 pandemic. With social distancing being enforced throughout the world, it is crucial for doctors, nurses, and other healthcare professionals to check up on their patients through a digital platform. It is possible to provide the best solutions for businesses through more specialized healthcare solutions. Thus, the healthcare industry remains a business post-COVID 19, which will increase its outreach with digitization.
The time that we are living in right now is unpredictable for businesses all across the world. Thus, the top mentioned above, 10 businesses are the only industries set to grow enormously after the pandemic. Only the most successful business post-COVID 19 providing actual value will emerge as a leader after this pandemic. If you want your business to be viable and essential after the pandemic, then it is essential to adopt the best online marketing solutions with a futuristic approach.