What Businesses Are Thriving In Today's Pandemic?

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December 25, 2020 Business

Hitting left, right, and center, the Covid-19 pandemic has inarguably had a huge impact on people’s lives all around the globe. It has had numerous unpleasant effects on our physical, mental, emotional, and financial health – and the list doesn’t end there. Many people have lost their jobs, closed down their businesses, and even lost their loved ones to this viral monster disease. More than 1.7 million people had lost their lives to the disease as of the Christmas Eve of 2020. Even (with hope)as the newly-discovered vaccines continue being mass-produced, distributed, and administered, it seems as if people will have to wait longer than expected before normality can be restored.

Well, it is beyond doubt that the business sector is among the areas of the economy worst-hit by this pandemic. But it so appears that everything in our galaxy revolves around balance. After all, isn’t it one of the secrets Mother Nature has used to survive for billions of years? As you digest that thought, let’s come back to the main agenda of this piece. Some businesses appear to be surviving or even doing better despite COVID-19. Assuming you want to start a new flourishing business, here’s a question many people have asked themselves during this period. What businesses are thriving in today’s pandemic? Well, let’s count together!

Online Businesses

From eCommerce retailers to telehealth providers, professional consultants, and independent contractors in various fields, businesses that had or established an online presence seem to have performed best in this pandemic. After the pandemic struck in 2019/20, many people who lost their jobs, tenders, or contracts resorted to working remotely or establishing businesses online. But starting a business is one thing, and making it a legal entity is another altogether. Many people have the knowledge, skills, and capital to start a business, but they usually don’t know how to legally start it so it doesn’t get them into trouble with the law or suffer unforeseen difficulties.

As Jon D from fatstacksblog.com/zenbusiness-review/ explains, an LLC certificate helps you stay away from shields you from being at loggerheads with the authorities. The good thing is that even if you’re completely clueless about how to form an LLC, online business formation services can help you out.

Cleaning Services

It will not go unmentioned that year 2020 has been all about personal hygiene and general hygiene. The most we have done is wash our hands and sanitize since the year began, and as we are coming to an end, we are still at it until the COVID-19 virus finds its way out. Cleaning companies have been in existence, but we never gave them as much attention as we have since COVID-19. They have had a fair share of their services going round increasing substantially to ensure they undertake frequent deep cleaning in business premises, homes, offices, and hospitals.

We can be sure that the cleaning companies have never experienced such an overwhelming time in their career as they have received this year. They went a step further to fumigate, air, and dry all the spaces where people work and live.

Delivery Services

There was a nationwide lockdown, and we consumers were afraid of leaving home, but thank God for delivery companies. They came through and made life seem a bit “normal” as much as a lot of things came to a standstill. They were the largest beneficiary at that time, and they gained popularity above the little they had when everyone would drop and pick stuff for themselves. Even after the bans were lifted and free movement restored in some areas, people still embraced the services. In short, we can say that that was the dawn of this industry.

Since many people worked from home and could not get the time to cook meals, businesses in the meal prep and delivery industry secured the bag since increased demand. The food delivery services and corporate retail services made the strongest demand as its demand is still rising.

Food Retail Stores

One thing for sure is, no matter how thick things become, we must eat and drink! Coffee subscription companies saw an increase in demand for the beverage, forcing them to do home and office deliveries. Bread baking companies also noted an increased demand in their orders as people took their time to learn cooking skills while at home. The grocery store was not left out either. Families were and are still stocking up food for fear of the unknown. If you are considering a lucrative business for the year 2021, go the food business way. You will never lack clients for your products.

Liquor and Wine Stores

We cannot ignore that people have one or two from the road as they pass the time for traffic to reduce to have a swift drive home. However, many bars closed down due to COVID-19, and many people had no option but to take away liquor from the stores. There even got to a point where some stores had difficulties keeping up with the demands because people wanted to stock up enough drinks for themselves indoors.

Not only did the liquor store target the merrymakers, but some also bought them for better reasons like making hand sanitizers. Yes, there reached a point when even the hand sanitizers ran out of stock at the stores. So people turned to make their own sanitizers back at home to reduce cost and ensure its constant supply and availability.

Mask Makers

Would you at any point in life think that a mask would have equal importance as the oxygen you breathe? Well, it was never in the thoughts of any entrepreneur until it hit and struck us a good one. A few months later, mask making became everyone’s source of daily bread. If you have not put on a mask this year, you do not exist in the land of the living. The mask makers are still in a booming business until the end of the pandemic. Needless to say, it may be our new norm for the next year.

Fitness Equipment Companies

Someone, please explain the relationship between COVID-19 and fitness. You know why? Since COVID-19 struck, a lot of people embraced working out and staying fit. Even though many gyms closed down, people went ahead and bought the equipment pieces for the home gym. Fitness companies recorded higher sales in equipment types during this time more than any other time in the history of their business life. As weird as it may sound, COVID-19 was a blessing in disguise for some businesses.

Yoga was so hyped that almost everyone who has time to walk in social media streets rushed to get one. There were free live online sessions where gym instructors were taking their audience through their fitness journey. If you did not take advantage of this chance to fit and fulfill your body goals, you have a long way to go.

The pandemic has taught us a lot. As an entrepreneur, it should have taught you a few things, including the importance of online presence for your business. Nonetheless, you have to choose the right business, and the above are just a few that flourished with the pandemic.