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Business-Ideas-after-Lockdown
24 Jul

Top 10 Business Ideas after Lockdown

COVID-19 has not only brought our lives to a standstill but also our economy and our collective aspirations. The Pandemic has brought in with its disruption of humongous proportions in ways of not just how we work but how we are living, our normal lifestyle has changed and will never be the same again.  On March 24th when our Prime Minister announced a nationwide lockdown to deprive the virus the chance to survive and thrive, we could neither imagine the impact of the virus nor the duration of its survival. And now as our country goes into Unlock Phase 2, we have seen many of our sectors destroyed and many more emerging. While the challenges we face during this phase must be acknowledged and be acted upon, a lot of opportunities are created, and from within them lies the great entrepreneurial potential that remains untapped.

Also Read: How To Manage The Shortage Of Credit During Lockdown?

Following are Top 1 0 Business Ideas after Lockdown that you must look out for.

Top 1 0 Business Ideas after Lockdown

E-Learning and Skilling Platforms

The smartest among us did not let the lockdown period go into waste. With the daily stress of communication and obligatory social gatherings out of sight, most of us had ample amount of time to build up our skills or study for competitive exams, and this could be efficiently done with e-learning and skilling platforms. As we now realize the benefits of continuing to maintain the norms of social distancing, investing our energies in building an e-learning platform can turn out to be quite a profitable venture. Educational institutes and parents are looking at online learning, the audience for it has grown tremendously.

Home Services Business

Home services on demand, whether it is car servicing, hairdressing or appliance maintenance and deep cleaning. As there is a risk of stepping out of homes, the need rises for in-house services exponentially, and it’s a ripe time to step in and choose from a buffet of niche service providing options.

Also Read: Benefits To Borrowers From A Six-Month Moratorium On Payment Of EMIs

Consulting firms

Individuals who have rich experience in digitization and automation can, along with some fellow experienced benefactors start a consulting firm of their own. As companies big and small, are transitioning to digitization and automation to combat the disruption that is happening around them and ensuring the optimal use of their limited resources. They need someone who can guide them all along the transitioning process, and that’s where such a consulting firm has a major role to play.

Dropshipping

The pandemic has ensured that the internet and digitization play a considerable role in supply chains and procurements processes. As our supply chains have become more vulnerable than ever, Dropshipping is increasingly becoming a major disruptor since it eradicates the concept of keeping an inventory. If you are a drop shipper, you transfer all your products to a third-party retailer without needing to hoard products in stock.

Medical equipment manufacturer/distributor

The demand for such essential items as masks, medical gloves, sanitizers, ventilators has gone up drastically and any individual or entity in this business in any role either as a manufacturer or as a distributor will not only serve the society but also can turn out be a big cash cow.

Also Read: COVID-19 Relief Package For MSMEs Under Atmanirbhar Bharat Abhiyan

Digital Marketing Agency

As the user engagement with social media has grown thanks to the nature of lockdowns immensely, a pandora’s box of freelancing opportunities in the Digital Marketing segment has opened new possibilities that can be leveraged through digital marketing services. With all the operations shifted online, digital marketing and advertising agencies have hugely profited for it and will continue to do so.

Content Applications

Digital marketing can only be as good as your content is. Whether it is in the form of posts, articles, videos, or even podcasts content is majorly driving the engagement trajectory of users. And Government of India’s recent ban on 59 Chinese Applications, which were having a monopoly on the content industry in India, has opened doors for Indian developers and marketers to develop and launch Indian content applications.

Inter/Intra communication channels

We all have heard of Microsoft Teams and Slack which facilitate Intra and Intercommunication while adhering to data privacy laws. The working world needs more such channels since communication is and will remain to be the biggest asset for organizations around the world. 

Renewable Energy firm

The Pandemic has also brought into focus our interventions into the path of nature that will prove detrimental for us. The world is using this opportunity to transition into a green, sustainable, and digital. And therefore, it can be rightfully said that there are major opportunities for players in the Renewable energy sector. If you venture in the Renewable energy segment now, there are a plethora of opportunities from a demand perspective that lies ahead for you.

The Pandemic has also brought into focus our interventions into the path of nature that will prove detrimental for us. The world is using this opportunity to transition into a green, sustainable, and digital. And therefore, it can be rightfully said that there are major opportunities for players in the Renewable energy sector. If you venture in the Renewable energy segment now, there are a plethora of opportunities from a demand perspective that lies ahead for you.

Sharable workplaces

And finally, if people jump in the businesses mentioned above they will surely need customized and flexible mini workspaces for their teams to share with a preference of locals, which has close proximity from their homes.

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