A lot of businesses may have closed after the pandemic started. Everyone was also advised to stay home to avoid catching the virus. This gave people a lot of time in their hands. While some people used the time to reconnect with long-lost friends and family, others were more productive and started making plans for the future.
These entrepreneurs were optimistic about the future and started mulling over businesses they can open once the pandemic ends. Here are some business ideas that one can open in the coming year.
Product Distribution Platform
The pandemic forced many businesses to close permanently. While others opened online stores, they had to find a source for the products they were selling. They also had to compete with big companies, like Amazon, that dominated to e-commerce industry for several years.
With this, opening a product distribution platform catering to the needs of smaller businesses is a good business idea for the next year. The platform can take care of sourcing the products these businesses sell. It can also provide storage and shipping services if these small businesses don’t have space for a good-sized inventory.
Digital Marketing Agency
As more people started purchasing online, the number of online shops also increased. This resulted in increased competition in the online shopping landscape. Entrepreneurs can take advantage of this by offering digital marketing services to interested business owners.
The digital marketing agency can provide search engine optimization (SEO), social media marketing (SMM), and search engine marketing (SEM) services to its clients. While it is a lucrative business, the entrepreneur should have the right people working in the agency. It is also important to remain updated about changes in the digital marketing landscape.
For tech-savvy entrepreneurs who know how to build websites, they can consider opening a website flipping business. This business entails building a website with all the bells and whistles and selling it to interested buyers.
With the increasing importance of an online presence, website flipping has also become a profitable business. It may take some time to build a good website that is appealing to potential buyers. But once the website attracts attention, it will easily sell with a good profit for the entrepreneur.
Vacation Home Rental
Entrepreneurs with a lot of properties around the world can also offer it for rent. But instead of accepting long-staying tenants, the entrepreneur can offer it as an alternative to hotels and inns. Even though travel has gone down due to the pandemic, domestic tourism continues. This gives an entrepreneur an untapped market if the property is in a prime location.
But before offering the property in the market, entrepreneurs can check occupancy rates of Airbnb properties in the area to know if it’s a profitable location or not. It will also give them a good idea about how much to charge potential guests.
The pandemic saw an increase in the demand for cleaning services in the United States. Demand for deep-cleaning services increased as businesses started to open after months of lockdown. This demand may not go down soon as companies are focused on ensuring their employees’ health and safety.
Entrepreneurs can ride on this demand and open their own cleaning services in the coming year. They can offer residential and commercial cleaning services. The business can even carry cleaning products that they can sell to other businesses or homeowners. Additionally, the business may also consider offering home improvement services together with the cleaning service.
The pandemic may have forced many businesses to close, but it doesn’t mean everything is lost. A good entrepreneur can consider the situation as an opportunity to start a new business in the coming year.