Top 5 Ideas That Are Worth Investing During COVID-19
The COVID-19 pandemic has trembled governments as well as citizens all around the globe while adversely impacting on economy. Though global communities all over has admitted present situation due to pandemic is worst in hundreds of years. However, it does not mean that people should lose hope to move ahead with entrepreneurial journey. There are huge number of successful companies which came into limelight as they were established and were on demand during recession. Companies such as Airbnb, WhatsApp, Uber are some of them which boom during recession.
Understanding market demand and with proper planning and execution, there is huge possibility to make profit by investing on appropriate area. As the situation demands lots of new idea to adjust in “new normal” if ideas are implemented properly then it would yield huge revenue. Here are top 5 ideas that are worth investing during COVID-19.
Apps and Website Creation
Use of online platform has increased over the years, in fact, coronavirus pandemic has made it compulsion to use online platform to get things done by working from home. Therefore, creation of apps and websites is one such area which is worth investing time and money.
To avoid community transmission of coronavirus schools, colleges and various educational institutions were the one which were shut in the beginning of pandemic but still this is one such sector which practically standing strong. Hence, teaming up with educational facilitators and tutors and preparing pre-recorded videos for different level could help students in learning process. One of the best example of appropriate utilization of resources and enhancing learning process is India’s learning app BYJU’s where 6 million people have signed-up during national lockdown.
Production of Medicine and Medical Equipment
The demand of medicine and medical equipment was always there in the market but due to pandemic this year it has increased even more. As movement are restricted in so many places, by obtaining required licenses one can produce medicine and medical supplies such as PPE kits, masks, gloves. Investing in this area is not only revenue generating but also become an act of serving a community during difficult time.
Medical Supplies Delivery
Though demand of medical supplies has increased due to pandemic but to reduce transmission of disease movement is controlled and access to such medical supplies is not easy for many people. In such situation, setting a regional and inter-state delivery network of medical supply is one such way to make money while serving to community.
Social Media Marketing
Many companies have put marketing of their business on a hold during lockdown but investment on social media marketing will help companies as the new normal has made people to rely on social site to get information about various services and products. Even though companies that were doing well in market without much of social media promotion should now invest in social media marketing as offline marketing will take longer to recover and it would be best strategy to position company in the market appropriately.