We are currently living in one of the most uncertain times of the millennium, the coronavirus pandemic has changed the way we meet, invest, buy and do business. There is no doubt that this is not just a period where the economy slows down but a period of change preceded by chaos.
“Success can be defined as one’s ability to adapt, embrace, create and change according to changing circumstances”
During a pandemic, unemployment and business bankruptcy will always get severe and they come along with far-reaching socio-economic impacts, the current pandemic reports claim that nearly 114 million people lost their jobs. These distressed times need wise decision-making and reliable prompt strategies.
Imagine what society would look like fifteen years ago, at the time of the middle ages when there were two people, the first is a nobleman and the second is a craftsman who produces and sells swords for a living. The noble figures have more power and influence because they were born into a privileged family and that is the key factor even in the present time, having plenty of assets makes the difference between living a good or a miserable life. In the middle ages, civilization consisted of three categories of people, the noble, the clergy, and the peasants. They also believed that it was important to preserve and endure the division in the social class to maintain the general equilibrium. Therefore, it was practically impossible for an individual to go from a low ranking in society to a higher ranking. If one is born a noble, he or she would live and enjoy the privileges of a noble, and likewise, if one is born a peasant they would live their entire life as a peasant. In those times the status for the rest of the life was dictated by the class one is born into; however, that is not the case in these times. Now it’s easier than ever to become wealthy and influential even if one starts with nothing and that is the case with almost all millionaires in the society, unlike the middle ages where land, deed, and titles played a massive role in determining the wealth of an individual. In our century, information is the real money maker. The person with the best knowledge, information, and action will succeed. Even during worldwide adversities, some people will profit immensely just because they have and are exposed to better information than other people.
Image Courtsey: Forbes
Logistic and Parcel Delivery
According to Valuates Report, the logistics market is projected to reach $12.2 million by 2022. Logistics and parcel delivery is a big industry and it’s going to get bigger, the business model is delivering goods and receiving a fee for items delivered. Courier businesses primarily depend on the frugality of order so if 100 commodities are delivered to the same location the earnings to expenditure ratio is considerably better than if there was only one. From a business that needs goods to operate to people that buy products online, this is a niche that will boom despite the pandemic and will grow even faster. This is happening because most people are purchasing things online due to new health regulations brought about by the pandemic. Due to these restrictions, businesses were forced to turn to the internet to service and find clients.
Digital Media Marketing Agency
One of the most important changes in this period is the use of the internet, people are relying on it for almost everything, the pandemic has proven that there are two types of businesses; businesses that are on the internet and businesses that will be out of business, which was expected to happen sooner or later but with the pandemic, this process has been accelerated a lot. Businesses from all over the world are going online, even small business owners are starting to create social media pages and many even began doing e-commerce. But not everyone is familiar with the internet or has time for going online. So, they are hiring someone to do this for them, there is a lot of demand in the market for people that could somehow help these businesses go online. With this need in the market, it’s no wonder that digital media marketing agencies have been popping out. It is nothing more than an advertising and marketing company that focuses on generating sales for businesses with various techniques and campaigns on the leading platforms. Since many businesses are transitioning to the internet due to the pandemic, these agencies hold the potential to create something big with very little investment.
Virtual Assistance Service
A virtual assistant is a freelancer who delivers executive, creative, technological, or any specialized assistance to clients remotely. It is a bustling niche already, but with the pandemic there has never been a bigger need for virtual assistance services. Companies have practically laid off their staff in a move to combat the effects of the crucial time as well as grappling to remain afloat. Most businesses are also jumping on the bandwagon of the online workspace, this is a strong signal that the company owners will be looking for personal assistants employed on a freelance basis to help them with online errands. At this point, there is going to be a massive need for virtual assistance.
Before the pandemic, it was perfectly normal to shake hands with strangers, hold hands or hug friends but now people are concerned about having physical contact with anyone. We observe social distancing rules, ensure one stays sanitized and stays in a sanitized place at all times. So everyone wants to make sure their apartments, offices, vehicles are sanitized where they have people coming and going. This could be both a business-to-consumer business model or a business-to-business business model.