10 Businesses That Are Booming in Covid-19 Pandemic (2022)

The coronavirus is reshaping our world; it is forcing people to spend more time with their families, forcing people to clean themselves constantly and be more considerate about their intimate relationships. It has closed all the restaurants, pubs, hotels, casinos, theatres, and everything where a large no of people used to gather and eventually quarantining people in their houses with no physical contact with the outside world. The pandemic has unbelievably disrupted the whole world.

From business to lifestyle and livelihood this tiny creature has turned our lives upside down overnight. Many businesses and industries such as travel, aviation, hospitality services, theatres and concerts, restaurants, etc. have faced a major sit-back and bizarre downfall in revenue and operations due to lockdown and various government restrictions.

However, amid the economic crisis worldwide some businesses have not only managed to stabilize but also witnessed unprecedented growth. Let us look at the top 10 businesses that boomed despite the economic downfall during the Covid-19 pandemic.

1. Medicine and Pharmacy Stores

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During the pandemic, when the world was under complete lockdown, the pharmaceutical business played an essential role. In many countries like India medical stores were allowed to open during the lockdown as a part of essential services, so that patients who have minor or major health issues can get medicines on time. Medicine delivery services were also available so that people quarantining themselves can order medicines by either calling on toll-free numbers or through apps. Hence, the pharmacy business had a major contribution to fighting against novel coronavirus.

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2. Grocery Stores

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(Video) 10 Businesses That Will Boom after This Pandemic and Lockdown.

Another business that bloomed during the pandemic was the grocery business. Due to restrictions and social distancing all the restaurants and eateries were shut down throughout the world, the only option left was to purchase groceries and cook for yourself and your family. This led to increasing demand for large and small grocery shops as well as vegetables and fruit vendors.

People could buy those products not only from the local shops and wall-mart stores but they could also order kinds of stuff of daily use from various mobile apps who promise to deliver top-quality products the next day of placing the order. Businesses of local vendors as well as online grocers have witnessed a trend defining growth.

3. Educational Technology

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Due to the widespread of the novel coronavirus, schools and colleges were shutdowns worldwide, and in such times the educational technology industry came as a savior for teachers, students, and their parents. Schools and colleges worldwide took classes through apps like Zoom, Microsoft Teams, Google Meet, etc. Teachers had to change their traditional teaching methods and adapt interactive and innovative teaching methods.

Many other applications like Byju’s, Vedantu, White Hatt Jr, Unacademy, etc. gained popularity in countries like India, these revolutionizing education apps earned a tremendous amount of profit during the pandemic.

4. Online Retailing

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The crisis around the world due to Covid-19 has changed the shopping behavior of the consumers. People no more want to go brick and mortar outlets for purchasing goods; they prefer to purchase items online through e-commerce apps. These apps fascinate and attract people through various offers like easy returns, free delivery, online payments, extra discounts, and so on, hence booming the business of the e-commerce sector throughout the entire world.

(Video) The businesses booming during the coronavirus pandemic

“During the lockdown when people were forced to stay indoors these shopping sites became a boon for shopaholics. Many business firms decided to go online due to the current situation in the business world, to survive in the race.” – in one of his recent interviews as nicely elaborated by Łukasz Kolczyński, the founder of Ordering Stack.

This situation gave a huge spike to the B2C e-commerce business as they got many new customers and had a tremendous amount of profit.

5. Online Gaming

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Online gaming has helped people to stay engaged and feel positive. Due to the outbreak of pandemic when the whole world was forced to survive for months inside the four walls of their house, online gaming came had come to rescue to decrease the boredom of people. The gaming industry has faced a major boost in its operations due to millions of downloads and gamers had innumerable options to choose from.

The time people spend on online gaming has increased during the lockdown period as compared to pre-lockdown. People who were isolated felt less depressed by playing games online. New trends such as AR and VR gaming also gave a thrilling and captivating experience to gamers. There is a huge scope of growth in this business post-pandemic due to mobile gaming and deeper internet penetration.

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6. Entertainment Business

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As we all know movie theatres, live concerts, stage shows, night clubs were all prohibited due to the pandemic, hence viewers found a new way of entertaining themselves during the lockdown period. The business of online streaming platforms has soared to new heights during the lockdown, many people have bought the subscription for Netflix and Amazon Prime and have binged watched all the exciting shows just by sitting and relaxing on their bed. This industry may even keep up their growth as people are finding it more affordable and convenient to watch new movies and shows at home at lower prices as compared to watching them in theatres.

(Video) 10 Companies Thriving During The Coronavirus Pandemic

Many new entrants are also trying their luck in this industry and are planning to grab a share due to an increase in demand and popularity of OTT platforms. Without a doubt, these industries have made the most out of pandemic with almost the maximum world’s population turning towards them.

7. Fitness and Wellness Apps

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Gyms and fitness centers worldwide had to shut down their doors during the outbreak of the novel coronavirus. Health and fitness industry found digital platforms as a blessing in disguise. Due to the closure of gyms, and people being captured inside the four walls of their houses, the industry has created many fitness and wellness apps that allow individuals to stay fit and healthy from the comfort of their houses.

From yoga and meditation apps to personalized video workout and run and walk coaching, some apps help you maintain your healthy diet and prepare a personalized food chart for you. Hence fitness and wellness apps had a huge number of downloads during the pandemic and have earned a fair amount of profits.

8. Healthcare Consultation

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In the era of Covid-19 when people are in isolation and not allowed to go outside or elderly people who are at higher risk during such times, for the convenience of such people, many telehealth companies have made apps that allow patients to consult doctors through their computers or mobile phones. It is no surprise that medical technology has observed a huge gush in their business.

Telemedicine is another branch of medical technology that has emerged as a savior of the lives of many patients, enabling them to consult virtually with doctors or therapists. It has made a huge contribution to healthcare services during the pandemic; many hospitals worldwide have adopted telehealth services during the pandemic.

(Video) Business of beauty is booming during COVID-19 pandemic

9. Electronic Money Transfer Apps

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As told by doctors and WHO, currency notes and coins carry an ample number of germs and during times of crisis, hard cash can act as a vehicle for coronavirus. Some countries have taken measures to prevent the physical transfer of cash and have promoted cashless, contactless, and online payments for the safety of their citizens.

Countries like China have even burned their currency notes from the most infected provinces. In such times businesses of many electronic money transfer apps have bloomed, as people are working from homes and prefer online shopping so their way of making payments is also changed to digital, as a result, digital wallet users have increased.

10. Business Producing Masks and Hand Sanitizers

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Wearing masks, sanitizing, and washing hands with soap or hand wash are some key measures to suppress the transmission of the virus and save lives. Due to the recommendation of doctors and WHO demand for such products has readily increased in the market. So many new companies and business firms have found an opportunity in the middle of difficulties and have set up factories for the manufacture of masks, sanitizers, hand washes, PPE kits, face shields, and other types of equipment that may help in preventing the spread of the virus and have earned a huge amount of profits during the pandemic.

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Stand Together for a Better Tomorrow

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During these unprecedented times of the coronavirus pandemic, these top ten businesses have come out in the most revolutionary way possible. The people in these businesses have always put their best foot forward and tried to serve people in every way possible, while others trying to make a life within the four walls of their house. In this global pandemic, the world needed huge positive energy to fight against the negative forces; communities have come closer, nations aided each other to mourn at their losses.

(Video) 9 Businesses That Are Booming Because of This Pandemic

Hence the pandemic has taught people to appreciate their health and the people around them, be thankful for what they have, and generate positive energy for the welfare of humanity. We truly believe that there will be a solution to this global crisis very soon and the world will be a healthier and happier place once again.

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(Video) 10 Businesses That Will Boom after This Pandemic and Lockdown.. This led to increasing demand for large and small grocery shops as well as vegetables and fruit vendors.. (Video) The businesses booming during the coronavirus pandemic. This situation gave a huge spike to the B2C e-commerce business as they got many new customers and had a tremendous amount of profit.. Due to the outbreak of pandemic when the whole world was forced to survive for months inside the four walls of their house, online gaming came had come to rescue to decrease the boredom of people.. The time people spend on online gaming has increased during the lockdown period as compared to pre-lockdown.. Telemedicine is another branch of medical technology that has emerged as a savior of the lives of many patients, enabling them to consult virtually with doctors or therapists.. It has made a huge contribution to healthcare services during the pandemic; many hospitals worldwide have adopted telehealth services during the pandemic.. In such times businesses of many electronic money transfer apps have bloomed, as people are working from homes and prefer online shopping so their way of making payments is also changed to digital, as a result, digital wallet users have increased.. Due to the recommendation of doctors and WHO demand for such products has readily increased in the market.. So many new companies and business firms have found an opportunity in the middle of difficulties and have set up factories for the manufacture of masks, sanitizers, hand washes, PPE kits, face shields, and other types of equipment that may help in preventing the spread of the virus and have earned a huge amount of profits during the pandemic.

For example, average weekly app downloads in China leapt 40% against 2019’s average during the first half of February as the entire country underwent isolation measures, and traditional TV viewership also surged, the World Economic Forum reported.. In February, social video app TikTok was the most popular nongaming app; Business Insider reported that it outperformed WhatsApp, Instagram, and Facebook and is now nearing 2 billion installs partially due to the consequences of the coronavirus pandemic.. Looking ahead: Short-run growth is likely due to the demand surge; the trend already began prior to the pandemic and will continue to grow in the long run.. TechCrunch reported group video chat app Houseparty , which wasn’t even in the top 1,500 apps a month ago for Italy, is now the number one social app for the locked-down country (and second only to Zoom).. Use of VR also will rise from those who move to offer virtual experiences such as museums , art galleries, and historic sites — the Guggenheim, the Sistine Chapel, and the Great Wall of China have joined those offering virtual experiences — and real estate companies are also expanding VR’s role due to the coronavirus.. Work that currently has to be carried out on-site, such as supervision of construction, mining, and repairing power plants, could also possibly be shifted to virtual, while VR toys like Oculus Quest, PlayStation VR, or HTC Vive, and iQIYI’s newly launched Qiyu 2Pro VR gaming console could receive a boost.. Short-term demand may be up, but the sector’s growth could also be held back by supply chain disruptions, as with Apple iPads and Facebook VR headsets, which are now in short supply due to COVID-19.. While supply chains have been upended due to the virus’s spread, logistics is a sector that has experienced a crisis and a boost at the same time as food deliveries and online shopping come to the rescue of people who cannot leave their homes.. Potential lies in virtual healthcare services, especially portable, artificial intelligence-reliant medical devices and apps that will make individual healthcare and diagnosis more immediate and accessible to the general public.. Looking ahead: A short-term demand surge is expected; possible long-term growth is possible if governments shift their focus to investing more into preparing for the next pandemic event.. In related news, China and Spain employed drones to monitor people during their lockdowns; South Korea deployed robots to disinfect Daegu; Antwork, part of Japanese industrial drone maker group Terra Drone, flew medical samples and quarantine materials to China.. Looking ahead: Short-term demand for readily available products is expected, but it will take some time for producers to develop new technologies and products.. Looking ahead: There could be a short-term demand surge and long-term demand growth as this is already an ongoing trend in many countries that has little to do with the pandemic itself and is more related to structural change in economies.

Many of these businesses, which mostly center around technology and recreation, will not simply be a flash in the pan and will continue to attract many customers after the pandemic in part to changing consumer behavior.. “With more people aware of the virtual options for maintaining their fitness and wellness, I think people will continue to include online classes and workouts as a part of their overall wellness routine,” Paul Javid, CEO of Alo Moves , told Forbes .. With so many more people working from home during the pandemic , IT has been a struggle for companies.. “Companies are already dealing with remote workforces that were increasing in size — remote roles were increasing at most places, but then the whole company was remote,” Chris Wysopal, founder and chief technology officer of cybersecurity firm Veracode , told CNBC .. Now, even if people head back to these stores after the pandemic, the convenience of online shopping will remain and more people will take advantage of that.. With more people cooped up inside in 2020, consumers turned to gaming to help them pass the time during the pandemic.. With fewer people dining out and more eating at home during the pandemic, there’s also been a jump in consumers having meals delivered.. With more people cooped up inside in 2020, consumers turned to gaming to help them pass the time during the pandemic.. Quartz reporter Adam Epstein believes many of those people who gamed during the pandemic will continue to play even after it is over.. With so many people living in newly bought houses and more people stuck at home, home improvement stores and services have seen a new boom as well.. Companies like Lowe’s, Home Depot, Tractor Supply and Sherwin-Williams have all seen demand increase this year , and surveys suggest home improvements will continue for quite some time as people invest in new properties.. “Although we expect some near-term deceleration as parts of the population go back to their places of business and spend less time at home, COVID-19 could provide a longer-term benefit for home improvement stocks if it ultimately does cause an increase in housing turnover as our survey may suggest,” Bank of America analyst Elizabeth Suzuki wrote .. While some people who did virtual doctor visits will return to in-person appointments, the ease of virtual visits and investments by doctors in telemedicine software means it’s here to stay.. While said in-person events will return after the pandemic ends, virtual events will also remain because so many people have now been exposed to them and companies have invested in the infrastructure to make virtual events work.

The spread of the Coronavirus pandemic has created a great impact amongst people around the world.. Even in the middle of all the chaos, there is still a ray of hope for all the businesses in the world.. Some analysts projected that the market for online food delivery would reach $200 billion by 2025.. Online essay paper authors helped pupils create missions while they have adjusted to this new way of life.. Together with the anxieties of coronavirus dispersing around the planet, the requirement for skilled cleaning solutions is increasing shockingly.. The marketplace for medical centers and industrial buildings is raising the amount of cleaning companies.. Everywhere we go today, sanitizers turn into our’new normal’ protocol.. The industrial sanitizer marketplace is increasing as they get more requirements for sensor-based sanitizer dispensers.. Public health and hygiene have been the top priority for most individuals.. Sanitizer tops are an effective small business idea during the time of COVID-19.. Despite the fact that things return to normal today, pupils will still decide to take online buying advantage.. Home sales have spiked high throughout the pandemic.. With more people cooped up inside four walls, consumers are turning to virtual conferences and events.. You will be able to get necessary medical facilities at the convenience of staying at your home.. The pandemic may have impacted the market and many businesses, but due to the work-from-home facility, many organization and businesses have used the opportunity to rebuild something good.

Companies That Benefited The Most From The Pandemic. The tech industry is full of companies that benefitted the most from the pandemic.. Microsoft, one of the the most valuable cloud computing company in the world, ranks 15th on our list of the 15 companies that benefited the most from the pandemic.. At the end of the fiscal year 2020, SHOP had a market cap of $138.7 billion, an increase of 199.63% compared to the same period in 2019.. Based on Shopify's full-year financial report, the company announced total revenue of $2.9 billion, an increase of 86% over 2019.. California-based Netflix is one of the biggest companies that benefited from the pandemic.. At the end of the fiscal year 2020, NFLX had a market cap of $$239.49 billion, an increase of 68% compared to the same period in 2019.. At the end of the fiscal year 2020, Meituan had a market cap of $219 billion, an increase of 186% compared to the same period in 2019.. The company reported a $5 billion overall operating revenue in the third quarter of 2020, a 28% increase over the year.. As of the third quarter of 2020, the Meituan provides a platform to 6.5 million merchants and 476.5 million annual transacting users.. The California-based digital payment company had a market cap of $274.5 billion in 2020, a 116.33% increase compared to its market cap in 2019.. At the end of 2020, NVDA had a market cap of $323.24 billion, an increase of 124% compared to the same period in 2019.. The company had a market cap of $778.34 billion in 2020, a 32% increase from its value in the previous year.. Facebook announced its full-year revenue of over $85 billion capping a strong year that ended on December 31, 2020.. But for Facebook, if it's not a yet happy ending, it's not yet the end as data shows that ad revenue was responsible for $84.2 billion of the total revenue in 2020.

But while a large part of the limitations is to protect the populace and ensure their lives are preserved, there are still essential services that need to be in operation to ensure that the society can to some great extent keep moving forward.. These essential services are businesses that continue to thrive, but not in a way that enriches them, but in a manner that ensures they can provide the essential needs of the society, while still able to make a little profit and grow at the same time.. If you’re looking for what business idea to start in a pandemic, here are 17+ business ideas that thrive in a pandemic:. You could start a home delivery service for your online store and deliver essential goods that millions of people need to their homes since they don’t want to come out to get them.. You could start up a grocery store during this period, stock the sotck with as much essential goods as possible and supply to people in need who visit the store or want the items delivered to their homes.. And in times of pandemic, if you have expertise in a topic that could help people in whatever they’re doing during this period, it be be a great time to start a blog as most people would be at home with much more time to read and learn new things.. Most companies have too much to handle, and for those who have no experience from working remotely, virtual office services greatly come in handy.. People delivering goods and services to various individual holed up in their homes during a pandemic require the services of logistics companies with a fleet of motorcycles, vans, and trucks to help them deliver the goods.. You could start up a logistic company during this period and offer your services to businesses operating close to your collection points so you can always easily pick up items from them and deliver on their behalf to clients.. We always require essential survival items to keep our lives safe and going.. As a result, these types of stores keep running.. If you’re looking for business ideas that can thrive during a pandemic, the 17+ above are a great place to start.

Image caption, People sharing a drink with friends on video calls have given wine sellers a new opportunity. Stitch & Story is an online crafts firm with just 11 full-time employees, selling materials and providing tutorials for people who want to learn how to knit and crochet.. Co-founder Jennifer Lam told the BBC that she and her business partner, Jen Hoang, started the business seven years ago with the aim of inspiring a new generation of millennials to learn knitting and crocheting skills.. Image caption, Krissy Cela says you can stay fit without going to the gym. Ms Cela says her home-based exercise routines are "helping people to stay on track" at a time when "a lot of people are finding it difficult even to stay mentally positive".. Despite the lockdown, people are still finding ways to remain convivial, and family-run wine delivery business Laithwaite's Wine has been helping them to do just that.. The company says it has seen a big rise in sales of prosecco - up 117% year-on-year during April - and it has noticed that smaller half-bottle and quarter-bottle sizes are the most popular.. "People are on Zoom having a glass with friends and the smaller formats are a little bit more sociable," company spokesman Andrew Stead told the BBC.. "We believe that wine's role is to keep people together, and if people are coming together at a distance, they're still coming together.". Almost 16 million people created accounts in the first three months of the year, the firm said.. However, the firm's popularity and profitability depends on offering exclusive access to hit TV series and movies that people want to watch.. "People aren't really buying going-out items, but they are buying homewear - hoodies, joggers, tracksuit bottoms," a Boohoo spokesperson told the BBC.. As a result, the firm has seen a year-on-year rise in sales during April, at a time when rivals have reported a collapse in demand.

Not only have we seen 64.2 million total cases and 1.49 million deaths worldwide as of early December, but people are also suffering from comorbid mental health and economic conditions.. Given fears about the spread of the coronavirus, professional cleaners have been in high demand to sanitize restaurants, offices, commercial buildings, medical centers, homes and public spaces.. People are afraid — or, in some cases, not even allowed — to leave their homes.. With some restaurants closing and stay-at-home guidelines in place, people are stocking up on supplies and eating more at home.. Not only are people turning to alcohol for drinking but also for making hand sanitizer.. Because people can’t go out for entertainment, they are bringing the entertainment to them, investing in board games and puzzles to stay busy at home.. With gyms across the country closing and not everyone having easy access to parks, backyards, sidewalks or trails, people need to keep up with their fitness regimens at home.. Many people are reluctant to leave their homes at all, let alone go to doctors’ offices where they risk being exposed to the coronavirus.. Given the economic uncertainty that the pandemic has created, people are less likely to invest in new cars , which have higher interest rates and a low inventory.. Anxiety and depression have spiked in the months since the pandemic began, and behavioral and mental health providers are in demand to address these comorbid epidemics.. Home Health Providers. Demand for home health providers — workers who go to the homes of people with disabilities, chronic illnesses, cognitive impairments or age-related issues and help care for them there — was increasing before the pandemic, and now the demand is even higher.. Video streaming services have also kept people entertained at home.. It is the one that is most adaptable to change.” Tech companies can learn from the success of the industries listed above by understanding people's pain points and coming up with innovative ways to address them.

The company sold more than 13 million units of the game in its first six weeks.. That's benefiting Clorox and Reckitt Benckiser, the makers of the world's top cleaning products.. Clorox said last week its overall sales jumped 15 per cent for the first quarter.. Sales of Clorox's cleaning segment, which includes its wipes and beaches, jumped 32 per cent.. First-quarter sales rose 13.5 per cent because of "strong consumer demand" for disinfectants.. Publix recently said that sales for the first three months of the year jumped 10 per cent to $1 billion.. In the first three months of the year, sales reached $97.1 million, up 141 per cent from $40.2 million in the same period last year.. In the United States, retail sales grew 157 per cent compared with the same period last year.. Wayfair's sales for its most recent quarter increased 20 per cent compared with the same period last year.. For people who can work remotely, Slack and Zoom have become ubiquitous communication tools.. Zoom previously said it crossed 200 million daily meeting participants in March.

NEW YORK, NY / ACCESSWIRE / May 13, 2020 / Due to the recent Global Pandemic of Covid-19, businesses across the world have been faced with no choice but to adapt.. Furthermore, Next Wave Marketing has put together an impressive list of the Top 10 Businesses that have faced these challenges and successfully adapted.. To date since the global pandemic began, The Brokerage House Realtors is one of the few employers still growing and hiring.. Since the start of the Coronavirus outbreak, Kennected has focused greatly on their ability to build quality relationships, leads, and new business.. The goal was successful and ultimately brought the power of lead generation and marketing back to 8,000+ businesses and entrepreneurs around the world in less than 2 years.. Despite employees working from home due to the Coronavirus, Kennected has still seen a 20% growth in revenue.. By adapting to the changes caused by this unprecedented time, Project Wifi has continued to successfully manage and scale their clients' Amazon stores.. By implementing virtual coaching and consulting, Sam has been able to adapt to the changing times.. By completing all interviews, training, and customer interactions remotely through video conferencing platforms, the Virginia Titan Division is adapting to the new way of sales.. Swiftly pivoting to remote interviews, training and customer/rep interactions has given the Virginia Titan Division a framework to experience massive revenue growth (while facilitating personal/professional growth in the young people they recruit and train).. There is an increased demand for quality kitchen products like Cutco, and there is a need for students to be able to develop skills/experience and earn money remotely.. Since Covid-19, Young Money University has successfully adapted to changes caused by the virus.. Araba Bolton's Bolton Financial , located in Windsor, Connecticut, has adapted to the challenging environment caused by Covid-19 by offering face to face remote consultations.. His business, The Ripple Effect Group , (REG) has experienced a significant increase in small to medium sized business client requests for marketing changes, website enhancements, and strategy consultations since the start of the Coronavirus.

The company ParkMyFleet came together at his kitchen table and launched in a matter of months .. And that unexpected business boom holds lessons for how to make the economy more conducive to new ideas, new companies, and new entrepreneurs in the future.. People are less apt to start companies when family finances are stressed, the business outlook is cratering, and credit conditions are tightening.. It was no surprise, then, that the pandemic recession led to a huge drop in new business starts last spring.. The government’s Small Business Administration loan programs had strictures to prevent firms without payroll records or ongoing operating expenses from cashing in.. “At this point, this is reflecting very real activity,” Lettieri told me.. Unlike after the Great Recession, Washington flooded families with stimulus when the coronavirus hit, roughly $5 trillion of it.. Many entrepreneurs saw no reason not to launch and to cater to them.. “People had nothing else to do.. That made it impossible for the company to manufacture its trash can for a reasonable cost.. Finally, a number of entrepreneurs mentioned that the pandemic had changed their risk-reward calculus in some ineffable, unquantifiable way, inculcating in them a kind of just-do-it, if-not-then-when attitude.. ” Taffet told me.. “It’s a pandemic.. But they very much might be able to re-create the material conditions that let the COVID-19 business boom happen.. Entrepreneurship need not be a victim of future downturns.

Consider Spotify, the global leader in music streaming.. One pivot Spotify made in response was to offer original content, in the form of podcasts.. Pivoting definitely works for digital platforms, but does it help traditional businesses?. Deliveries could be in amounts large enough for several meals in a given week.. Three conditions are necessary for such lateral moves to work.. It does weed out business models that fail to pivot toward the new reality characterized by shorter value chains, remote work, social distancing, consumer introspection, and enhanced technology use.. From local restaurants to larger companies like Spotify and Unilever, companies that are successfully navigating the Covid-19 pandemic and ensuing recession have often pivoted to a business model that’s conducive to short-term survival, and long-term resilience and growth.

Key stat: Volume of payments processed increased 38 per cent year on year in the first quarter.. Key stat: Demand for its online games during coronavirus-led lockdown boosted first-quarter revenue by 18 per cent year on year.. Key stat: The company’s share price has soared 62 per cent this year.. Key stat: 830 net new subscription customers in the three months to the end of April to 6,261 in total, marking 105 per cent growth year on year.. Key stat: The company expects parcel volume to grow 31 to 35 per cent this year.. Key stat: Annual recurring revenues from enterprise customers rose 59 per cent year on year in the first quarter.. Key stat: Online sales jumped 53 per cent in the first quarter.

From digital marketing to online delivery services, there are several needs that the pandemic has sparked among consumers.. Many small business owners know that a social media presence is important, but don't have the time or bandwidth to learn about it themselves.. For instance, many businesses have adopted new technologies and remote work policies to succeed during the pandemic.. If you have a background in marketing, you can launch a digital marketing agency that offers content strategy, social media, SEO services, paid and targeted advertising, analytics, web design, consulting and more.. The pandemic caught some companies off guard with no way to conduct their business online.. The market for these on-demand shopping, delivery and service apps is still growing: Nearly 90% of Americans spend their mobile device “screen time” within apps, and mobile app revenue is expected to exceed $800 billion by 2022 .. Entrepreneurs with a background in app development can capitalize on this demand and help businesses create customized branded mobile experiences.. During the pandemic, consumers got used to the convenience of having products delivered right to their door, so the demand for online delivery services remains at an all-time high.. Now is an excellent time to market your handiwork and services to the remote workforce who need to carve a private place in their home to work without interruptions or upgrade their home to fetch an even higher market price when they sell.. Students who thrive in a remote learning environment want to continue their online study sessions, and busy parents appreciate not having to drive their children to and from a tutoring center.

Courtesy photo The Grocery List , a UK-based new community platform, was launched in April 2020 to help support quality local producers, such as farmers, fisherman, butchers, and flower shops.. The founders are further helping support these suppliers by offering additional services, including delivery, logistics, marketing, and branding advice, during this challenging time.. Courtesy photo Forlocal recently launched to help struggling businesses amid the crisis — CEO Chris Giddins, whose tourism business was hit hard by the pandemic, has created a website which allows the general public to support local businesses by buying vouchers to use when they reopen.. Courtesy photo PEP Kitchen , a vegan frozen food business based in the UK, was recently launched in response to the pandemic.. The founders realised they were able to offer a vital service and support people with food deliveries across the UK.. Founder & CEO.. Courtesy Louise Downing, BizGive. Technology startup BizGive recently launched their Giving Manager platform in the UK, which helps bring companies, charities, and community groups together in one place for the first time to support each other.. Courtesy of Boom BOOM Image Studio, an AI-driven startup based in Italy, has launched a new service called BOOM@Home, which helps restaurants go online by taking professional photos during lockdown.. Fettle offers apps and web platforms for users. Courtesy Fettle Fettle is a tech business that builds affordable platforms for fitness instructors, yogis, personal trainers, gyms, and more.. Launched during lockdown, Fettle helps people move their fitness, health, and well-being businesses online with ease.. The supermarket also offers gift boxes of various prices, which cherry-pick a selection of the best independent brands around, delivered straight to your door.. Courtesy photo. Sweden-based Flow Neuroscience is a recently launched startup, based in Sweden, which helps treat mental health conditions with a brain stimulation headset, which can be used at home.

The publicly traded video conferencing platform Zoom, now part of the country’s collective lexicon, has seen its stock rise, as have delivery services as most Americans try to “shelter in place.” Large companies like pet supplier Chewy, meal kit company Blue Apron, as well as smaller businesses and startups have been blindsided by surging sales over the past several weeks as COVID-19 and increased containment restrictions turned worlds upside down.. “We didn’t see it coming,” said Ryan Lupberger, the co-founder of Cleancult, a venture-backed startup that manufactures natural cleaning products in zero waste packaging.. Cleancult’s Amazon sales have increased eight times over in the past several weeks, according to Lupberger, tripled in retail stores and doubled on Cleancult’s website.. In early March Tushy’s CEO Jason Ojalvo said he had projected a possible bump in bidet sales due to concerns about health and sanitation.. Fardad Zabetian, founder of the multilingual web conferencing platform Kudo said they’ve recently had more than 200 inquiries a day about Kudo’s services.

The biggest change since the pandemic reached our shores has been restricted movement – first, consumers were forced to stay home and now many choose to stay home where possible.. Businesses that didn’t make a plan to go and find customers suffered the most, while many of those that were creative found more customers – in their homes – than ever before.. The house and home sector has boomed – all SMEs in the household goods space that made digital provision for reaching their customers are growing.. Sports equipment and electronics sales have soared – this industry is a great example of how SMEs are creatively using a combination of online classes and tutorials to drive product sales of their merchandise.. These businesses used technology to stay close to their patrons during the lockdowns and are now benefitting from patrons who still want great food but choose to enjoy it at home.. Niche online food ordering businesses like LiveCook have taken immersive experiences to a new level, where pre-packed ingredients are used at home as “patrons” are virtually taken through meal preparations by top chefs.. However, by making full use of eCommerce and digital marketing, many clothes retailers are booming, with online clothes sales among SMEs on our books soaring 40% during the worst of the pandemic.. It opened our eyes to social behaviour, the importance of business continuity plans, the reach of digital and new ways of doing business.. Customer service and customer experience are going to play an even larger role in the future, as an angry customer will have far more options thanks to the rapid scaling of online retail.. Many SMEs learnt that by building strong, trust-based relationships with their customers during the pandemic, they had a solid base from which to leverage technology to benefit their bottom line.. The SMEs that thrived during the lockdowns have given everyone else the template to build confidence and improve general sentiment: adopt an opportunity mindset, rethink how you operate creatively, embrace technology as a tool to do business, and try and find in-home, value-add experiences to support your sales.

To understand what this means for businesses across different sectors, Mention Me, the referral marketing and customer retention platform, has analysed order volumes and referrals to 400+ clients.. By comparing these numbers with the same time last year, we've gained powerful insights into the impact of Covid-19 on business.. Here are five industries driving new customer acquisition, sales and referrals in the current climate.. 5 industries booming in sales & referrals during the Covid-19 pandemic. We predict food and drink brands facing the biggest demand over the coming months.. Food remains one of the few pleasures we can still enjoy, albeit in the comfort of our homes.. Many client brands in this sector are acquiring markedly more new customers via referral now than this time last year.. On average, sales for beauty skincare brands have increased by 37% year-on-year.. Referrals have increased by 64%.. But with more people shopping online, talking to loved ones, and looking for alternative brands to meet their needs, brand recommendations are soaring.

Irreplaceable, the online education sector is observing a sudden surge and people from all walks of life, from every of the COVID-19 affected nations, are looking up to alternatives of conventional teaching and learning.. People are afraid to send their kids and children to places where social distancing cannot be practiced and hence the Ed-tech sector is tapping on every possible entity they can.. Saas & Remote Working Tools fall right in the path of success in such times.. With the temperamental changes that we are likely to witness, SaaS applications & Remote Working Tools would facilitate the ongoing projects and pave the road map for future endeavors to greater extents.. With national lockdown imposed in various countries, social distancing being practiced as the new normal for upcoming months if not years, and people refraining from gathering up at markets, grocery stores and public places, the E-commerce & Delivery based sectors are booming at large.. Another major sector that came out to be a winner is the Pharma, life sciences and pathology sector.. Every single human being would require a dose and to provide for the demand at hand will be on the shoulders of our Pharma industry.. Another sector that would rise above the rest is the managed office spaces for corporates, startups and commercial real estates.. With the prevailing wave of remote working culture combined with businesses cutting costs aggressively, the need for cost-efficient, comfortable managed office spaces is observed.. With people unlikely to travel for work, these managed office spaces would provide a suitable alternative to the need at hand.. Economies are uncertain for growth, widespread unemployment looms over us for the upcoming quarters, but not for the sectors and industries stated above.. They are creating a network of beautiful & inspiring coworking spaces and work cafes for people to work, network and co-create from.

In the last few weeks, the business has experienced a 200 per cent spike in bond cleaning inquiries across the country.. That’s because there’s an increased demand for home delivery apps, food delivery apps, fitness at home apps and sell online apps, with the company now recruiting 40 staff.. “It seems people are turning to the ukulele for something fun to learn during this time,” founder Joel Carr said.. “In particular we have lots of parents buying for themselves and their kids so they can learn something together.. However, the business has recorded an explosion in online sales as Aussies try to recreate cocktail hour at home, with online sales for the last six weeks up more than 300 per cent compared with the prior corresponding period in 2019.

China’s 2020 Lunar New Year holiday was extended by central and local governments to contain the spread of the COVID-19 .. To contain the spread of the COVID-19 virus, most business owners have thus chosen to have their employees self-isolate and work from home .. The short-term impact of the coronavirus outbreak on China’s economy is inevitable, especially in labor-intensive industries.. Enterprises still have to pay employee salaries and rents during the suspension of work.. During the epidemic, online medical platforms, like AliHealth and Tencent HealthCare, have provided free online diagnostic services for citizens.. The outbreak also stimulates the growth of telemedicine.. In the next two to three years, telemedicine is expected to become more widespread.. This will promote the development of medical equipment, medical supplies, and pharmaceutical industries and stimulate domestic demand for health care products and life and medical insurances.. Now, to avoid being infected by the COVID-19 virus, consumers who have formed the habit of online shopping are becoming more likely to order food and choose daily necessities and fresh food online instead of going to an offline supermarket.. Tencent took Tencent Live Broadcast as the access entry and quickly developed an online education live port – Tencent Classroom, which timely supported the online demand of schools in Wuhan province.. In other words, 730,000 of the 900,000 primary and middle school students in Wuhan chose to learn online through Tencent’s live streaming port.. It should be realized that for all industries, the outbreak is both a “crisis” and an “opportunity,” bringing short-term pressure on some industries as well as opportunities to adjust the structure of the entire industry to meet newer needs.. In the past two years, many multinational companies have set up production lines in Southeast Asia, which has greatly reduced the negative impact of the Covid-19 in China on group operations.

"We're as busy as at Christmas time," says the owner of an online coffee business, "we're selling double.". Retailer Halfords is also reporting a rise in sales of exercise bikes, saying: “People who are not able to get out still want to exercise indoors.”. Toby Clark, from Mintel market research, says his teams are seeing reports of “really high sales of home exercise equipment, as people try to compensate for the fact that they now can't get to the gym".. Games supplier Andy Beresford says his entire stock of outdoor table tennis tables is sold and a delivery due this week is pre-sold.. Andy, whose business Home Leisure Direct is based just outside Bristol, has sold an "awful lot" of pool tables as well.. Dixons Carphone said it had seen very good sales of equipment for home working (laptops, printers), for home entertainment (TVs, gaming consoles) and for home living (fridges, freezers, kitchen appliances), with same-store sales up 23%.. Image caption, Rave Coffee's Vikki Hodge says her business, Rave Coffee, is looking for more staff. Andy from Home Leisure Direct says he has stopped taking orders for table tennis tables after factories closed in France, Spain and Italy.

"We're as busy as at Christmas time," says the owner of an online coffee business, "we're selling double.". Retailer Halfords is also reporting a rise in sales of exercise bikes, saying: “People who are not able to get out still want to exercise indoors.”. Toby Clark, from Mintel market research, says his teams are seeing reports of “really high sales of home exercise equipment, as people try to compensate for the fact that they now can't get to the gym".. Games supplier Andy Beresford says his entire stock of outdoor table tennis tables is sold and a delivery due this week is pre-sold.. "I've sold 124 tables in the last week, he says, "In the same week last year, I sold just 15.". Andy, whose business Home Leisure Direct is based just outside Bristol, has sold an "awful lot" of pool tables as well.. Dixons Carphone said it had seen very good sales of equipment for home working (laptops, printers), for home entertainment (TVs, gaming consoles) and for home living (fridges, freezers, kitchen appliances), with same-store sales up 23%.. Image caption, Rave Coffee's Vikki Hodge says her business, Rave Coffee, is looking for more staff. Rave Coffee, selling exotic coffees from an industrial unit in Cirencester, is having to take on more staff to cope because demand has doubled.. "People were buying our coffee for their office supply, now they are getting it at home," Vikki explains.. Andy from Home Leisure Direct says he has stopped taking orders for table tennis tables after factories closed in France, Spain and Italy.

Americans filed paperwork to start 4.3 million businesses last year, according to data from the Census Bureau , a 24 percent increase from the year before and by far the most in the decade and a half that the government has kept track.. In 1980, 12 percent of employers were new businesses; by 2018, the most recent year for which data is available, that share had fallen to 8 percent.. The prolonged decline worried economists , because start-ups are a key source of job growth, innovation and economic resiliency.. Until last year, Omayya Atout and Ellen Hodges were living a life typical of many aspiring musicians in New York, with day jobs and dreams.. A recent study from a team of economists found that start-up activity in the pandemic was particularly pronounced in Black neighborhoods , especially those with higher incomes.. Mr. Smith, 41, had considered opening a business for years.

The tech industry is full of companies that benefitted the most from the pandemic.. Microsoft, one of the the most valuable cloud computing company in the world, ranks 15th on our list of the 15 companies that benefited the most from the pandemic.. At the end of the fiscal year 2020, SHOP had a market cap of $138.7 billion, an increase of 199.63% compared to the same period in 2019.. Based on Shopify’s full-year financial report, the company announced total revenue of $2.9 billion, an increase of 86% over 2019.. California-based Netflix is one of the biggest companies that benefited from the pandemic.. At the end of the fiscal year 2020, NFLX had a market cap of $$239.49 billion, an increase of 68% compared to the same period in 2019.. The stock price of T-Mobile increased to over $130 per share in December 2020 from $78 over the same period in 2019.. At the end of the fiscal year 2020, Meituan had a market cap of $219 billion, an increase of 186% compared to the same period in 2019.. The company reported a $5 billion overall operating revenue in the third quarter of 2020, a 28% increase over the year.. As of the third quarter of 2020, the Meituan provides a platform to 6.5 million merchants and 476.5 million annual transacting users.. The California-based digital payment company had a market cap of $274.5 billion in 2020, a 116.33% increase compared to its market cap in 2019.. At the end of 2020, NVDA had a market cap of $323.24 billion, an increase of 124% compared to the same period in 2019.. The company had a market cap of $778.34 billion in 2020, a 32% increase from its value in the previous year.. Facebook announced its full-year revenue of over $85 billion capping a strong year that ended on December 31, 2020.. But for Facebook, if it’s not a yet happy ending, it’s not yet the end as data shows that ad revenue was responsible for $84.2 billion of the total revenue in 2020.

On Mother’s Day, we delivered 229% more new customers to gifting clients via referral than last year.. Working from home has increased the desire to bring the outdoors in, driving more referrals for plant delivery brands as people spruce up their homes with a leafy Kentia Palm or soothing Peace Lily.. Straddling this and the next section are health food brands, which are seeing referrals rise as consumers order in readily available and nutritious food.. Many client brands in this sector are acquiring markedly more new customers via referral now than this time last year.. The social nature of eating and drinking, even from the confines of your home, presents a valuable opportunity for referrals.

Lloyds Pharmacy The chain is hiring 1,500 staff so that it can continue delivering prescriptions and healthcare services.. Frasers Group Mike Ashley’s business, which owns the Sports Direct chain, gave in to government pressure and closed all their shops after previously informing staff that branches should remain open, as selling sporting and fitness equipment was “extremely important”.. An “advice update” to workers informed them that the company “presumed all our colleagues are key workers” and that they would be paid for any time spent self-isolating, provided they qualified for statutory sick pay.. JD Wetherspoon The pub chain’s boss, Tim Martin, came in for widespread criticism after he said he wanted to keep all 867 locations open until the government-ordered shutdown of all hostelries.. The chain has also told its suppliers that they cannot expect payment until after the pubs reopen, even for items that have already been delivered.. It had terminated the employment of workers at the Coylumbridge hotel in Aviemore and asked them to leave their accommodation immediately.. Only the Guardian can see your contributions and one of our. journalists may contact you to discuss further.

Agatha Kulaga, co-founder and CEO of Ovenly. Agatha Kulaga, co-founder and CEO, called it "survival mode.". Since then, Bow & Arrow Brewing Co. has commissioned the new line, designed labels and released its first two brands of canned beer.. Ultimately, it recovered 80% of the initial amount it was expecting.. Sheppard has also used her PPP loan to help supplement payroll, utilities and rent.

Stories At this time when the entire world is slumped by a COVID-19 pandemic , nationwide lockdowns and social distancing are hampering businesses.. This is prompting them to re-look at how they manage and operate their business including re-visitation of their working business plan.. These Startups are on a rapid growth spree and setting a good example for other companies on how to fight with and survive in this lockdown period.. According to a report by KPMG on the startup ecosystem in India, the number of startups has grown from 7,000 in 2008 to 50,000 in 2020.. So many of them have turned to startups for their solutions, as we saw in the case of Kerala and other states in the early weeks of the COVID-19 pandemic.. Online pharmacies in India like Medlife, 1mg and PharmEasy are providing contact-less home delivery of medicines in bulk, different types of medicines on one platform, and also provide online prescription services with their registered set of doctors .. Moreover, consumers can check their enrollment materials available or the various health plan’s website for information on how one can manage the pharmacy benefits online.. Experts are anticipating elevated consumer demands but that will mean some consumers shopping online for groceries might have to wait for delivery slots.. In the coming weeks both BigBasket and Grofers are expected to hire a new workforce to meet the increasing consumer demands.

Videos

1. Which businesses are benefitting from COVID-19 pandemic?
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2. 7 Businesses That Will Boom After This Pandemic
(After School TV)
3. 10 Industries Booming Due To The Coronavirus
(Dan Lok)
4. Florists boom with business during COVID-19 pandemic
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5. Economic impact of COVID-19 on small businesses
(ABC News)
6. Doing Business in the New Normal & Thriving After COVID-19
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