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When looking at different business ideas, we usually take various factors into account when judging if they’re good. Nowadays, it’s reasonable to say that we’ll add pandemic-proof to the list of factors! After seeing the damage a pandemic has done to the economy, it makes sense to seek out business ideas that can survive these testing times. To do this, we need only look at what businesses have continued to profit throughout 2020.
eCommerce
The majority of eCommerce businesses have profited and gone from strength to strength during this pandemic. It’s clear to see why - people are shut indoors, and most shops have closed down, so buying online is the only option. This is reflected in the stats, with this report showing an increase in 5 billion average website visitors per month since January. If you want a business that not only survives a pandemic but thrives, eCommerce could be the option for you.
Delivery services
While global trade may have slowed down, the logistics industry still survived this pandemic and saw some growth. Mainly, this is down to local couriers delivering things around the country. Delivery services were seen as essential work, probably because shops were shut and people needed to buy things! It’s no surprise that both eCommerce and delivery services saw some success during this time. Also, this takes into account food delivery services as well - the likes of Deliveroo and UberEats benefitted from restaurants closing down and only offering takeaway orders.
Farming
Where does all of our food come from? That’s right, you can almost always trace the source back to farms. Obviously, everyone still needs food during a pandemic, so farmers played a key role in keeping up the supply chain to grocery stores. In fact, it was almost hard for them to keep up with the demand after everyone was panic-buying. Starting an agricultural business will always be a good idea if you have access to enough land. If you go down this route, remember to get your hands on all the necessary equipment to make your life easier. You can discover more here, but the right machinery won’t just speed up your work, it can also help you save money on some operating costs.
App development
With so many people stuck indoors, it goes without saying that people were looking for entertainment. This is where app development thrives as more people download games and applications across various devices. Certainly, it seems many people I know have taken up a favorite mobile game in a pandemic. Plus, with companies shutting their physical locations, some have looked to develop apps as a way of staying in touch with customers. All of this means that app developers can continue to thrive. Also, take into account that developing an app can be done from home, negating the need for office space.
What should you do with this information? Well, if you’re thinking about starting a business or looking ahead to the future, keep these ideas in mind. This year has taught us to expect the unexpected, so you need to choose business ideas that can survive under the harshest of circumstances.