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The Coronavirus outbreak is shaking up the global economy on a massive scale, low-cost business ideas and On Demand Delivery apps are the new talk of the town. The world is scrambling hard to combat the current and upcoming economic consequences of this black swan event, but this could be an exciting opportunity to contemplate a business idea for the future.
As this global economic crisis continues, it is expected that businesses will not return to normal for a long time. If you are a stay-at-home parent, these business ideas will surely cheer you up since consumer behavior will take a new turn. Hesitation among consumers to go out and shop will be visibly seen, impacting the overall seller-buyer conventional journey.
So, what’s next?
The coming time will witness the incline of heavy traffic towards the online platform. This gives a golden opportunity for individuals to set up their service-based online businesses. Even in the current scenario, going ahead with online best businesses to start, will be a win-win situation for you. Here is all you need to know about all online businesses and ideas you can easily start and things you might require to set up.
Here is a list of few business ideas to kick start in no time.
- Set up your online consultancy business
- Start your online tutoring classes
- Start your freelancer platform
- Launch an Online Home Service Business
- Own a hyperlocal delivery business
- Launch a Rental marketplace
1. Set up your online consultancy business
If you are a Doctor, Lawyer, Musician, Dietician, or fitness expert, right now is the perfect time to take your service online, and expand your reach. It will be easy for you to get started with a home-based online consultancy business. You can virtually connect with your clients via an online portal. Here is a list of few suggested online business ideas for consultancy, one can go ahead with.
- Start with your online music classes
- Fitness consultancy sessions
- Your online cooking/ bakery classes
- Online dietician consultancy business
- Online photography classes
Why is it a great business idea, to begin with?
During and after the quarantine period, people will find it difficult to go out and join these classes on account of this pandemic nightmare. Moreover, during this lockdown phase, people are willing to learn new skills and are looking for innovative business ideas during the lockdown.
It’s easy to begin!
To set up your online consultancy business, you need to make a little initial investment. All you need is:
- An online platform to start
- A home-based office set-up
- Special instruments such as a good camera for a photography class, musical instruments for music classes, or cooking ingredients for your cooking classes
And you are good to go!
Additional Resources:
- Ideas for Online Consultation Marketplace.
- Ideas to Platform your passion into a high earning business idea.
- 8 consultancy idea to work and become the next unicorn.
2. Set up your online tutoring classes
Around 1.716 billion learners have been affected due to this 2019-20 coronavirus pandemic. Experts believe 99.4% of the world’s student population is suffering because of the widespread closures of educational institutes. The figures are enough to indicate how badly online tutoring classes are required at this hour of crisis.
If you are from the educational sector or a professional who can go ahead with the online tutoring classes; you are in a very happy place. Get started with setting up your online tutoring classes and kickstart your earnings at a higher pace. This is a great home business idea to go for.
Why is it a great business idea, to begin with?
Parents and students are tense because of this mid-sem lockdown. Everyone is anxious to find good online tutors to cover the loss. People are accepting the unconventional home-schooling method.
Online tutors are in great demand. Even after this lockdown phase, parents, guardians will look for online tutoring for their folks. You need to make online study material and subject notes that could attain the attention of the students. This new online business idea is blooming at a quicker pace.
Additional Resources:
- 5 Reasons to switch to an online tutor mode from a conventional classroom model.
- How to start an online coaching service
3. Start your freelancing platform
There are multiple platforms such as Freelancer, 99designs, Fiverr, etc that help you to get connected with employers based on your skills. Now you can simply launch your own freelancer platform in a matter of a day. It is considered as one of the best business ideas during covid, to start with minimum investment.
You can list projects for any categories such as:
- Web designing project
- Freelance content marketing
- Social media marketing
- Online PR activities
- Digital Marketing Projects
- Sales projects
The virtual office concept is gaining much attention from employers as well as employees.
Why is it a great business idea, to begin with?
Due to the pandemic, many talented professionals have been laid off, unforeseeable. This has created an upsurge in the freelancing platform and right now is the best time to capture those talent and guide them to a meaningful job.
Additional Resources:
- How to build a freelancer marketplace for Women.
- Create a freelancer platform just like Upwork or Fiverr
- Build a low-cost Freelancer platform and earn millions
4. Launch Online Home Service Business
With almost every business being transitioned to the online platform, and most professionals working directly from home, on-demand home service businesses are seeing a big rise in demand.
The enthusiastic souls, who are willing to be a part of the business world, can enter through this channel with minimum investments.
However, the above-suggested start-up business ideas are meant for individuals who have a network of skilled home service professionals to go ahead. The next question arises; what about the rest of the individuals? In case, you do not see yourself fit in any of the boxes, what shall you do? Don’t worry! There are still many lucrative business ideas for you. Read on!
Why is it a great business idea, to begin with?
The present generation constitutes the largest consumers of online on-demand home services since they are also the largest consumers of the Internet. The busy lifestyle of the consumers is inducing them to prefer services right on demand will result in a surge in the market’s growth in the coming years.
Estimates peg the total addressable home services marketplace size at $250 – $400 BN. In addition to this, the end customers are still heavily dependent on talking to their neighbours and physically surveying the local market for seeking vendors.
Additional Resources:
- Next Big Trend: On-demand Home service
- On-demand Home Service: Word of Advice
- How to Build an On-demand Home service
5. Set up your own hyperlocal delivery business
The online delivery business is at a high boom. Currently, the world is preferring online shopping mode. And the mode will be carried on even after COVID-19. Many of the existing online food delivery companies are in the market. They are doing good for themselves. But few of the online delivery businesses focus on miscellaneous commodities deliveries. This could be a turning point for starting your own hyperlocal delivery business. If you are wondering, what business to start, get through this list of business ideas. Considered as one of the easiest businesses to start, you can begin with it.
You can start your doorstep delivery business for:
Why is it a great business idea, to begin with?
The on-demand hyperlocal delivery business is a low-overhead business that could bring impressive and easy returns to your initial investments. Now is the best time to think about making an investment to earn higher ROI.
If you find this option interesting, you can anytime connect with us and we will help you to set up your business in less than 24 hours.
Additional Resources:
- Low-cost hyperlocal business ideas
- How to build an on-demand delivery app
- Cost to build an app like Ubereats
6. Set up a Online Rental marketplace
It is ok if you are still not convinced with any of the above-mentioned ideas. There is a high probability that you might be worried about keeping all the pieces together and are not able to invest operational contribution in the discussed business ideas. Moving forward, you can also get started by owning a Rental marketplace where you can connect seekers to suppliers.
There are a lot of rental marketplace idea’s that you can choose from
- Apparel Rental
- Books Rental
- Property Rental
- Furniture Rental
- Parking Space rental
Why is it a great business idea, to begin with?
The rental business remains one of the most promising yet very less competitive zone. There are a variety of options that you can choose from and explore multiple possibilities. Traditionally, the Rental marketplace where only offline, and this COVID pandemic is showing us a way to take any and every business online.
Additional Resources:
- How to start your bike rental marketplace
- Start your rental marketplace like Airbnb
- How to start your watercraft rental business
Sounds interesting! If this opportunity excites you, get connected with us.
Keep Optimistic Vision For Future
This is true that we all are facing downturns in one or another way because of this global pandemic. But staying optimistic and progressive with the decisions can help in combating this crisis. Pick any of the above-discussed home business ideas, and you are good to go.
If you are anxious about how to go ahead and from where to make a start, feel free to connect with us.
If you enjoyed reading this, we’re sure you will also love checking out what we have in store on our Youtube channel. You can also head to our home page for more info!
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