The world has changed since it went into lockdown. People are now working from home, watching movies at home, shopping online instead of going out to movies, sanitizing, wearing masks, and improving their homes. These trends will stay for a long time and have created avenues for new business opportunities. Some of the possible businesses you can start are:
Delivery services
The pandemic has rocketed e-commerce in South Africa. There has been between 50 to 70 % growth in e-commerce during 2020. Takealot has taken most of the market share, possibly half of South Africa’s online retail. The online grocery market sector alone has experienced a phenomenal increase during the COVID 19 outbreak. This shows that many consumers feel safer shopping online and prefer having their goods delivered to them. It is the ideal time to open a logistics or delivery service company, delivering food, groceries, pharmaceutical goods, and other products.
Digital marketing consultancy
During recessions, such as the current covid-induced global economic downturn we are experiencing, businesses need to understand the evolving consumption patterns and fine-tune their strategies accordingly. An important strategy to implement is digital marketing. Increased marketing during a recession can improve business growth. So, if you have skills in this arena, why not begin a digital marketing agency, offering web design, consulting, digital design and production, podcasts, app store optimisation, content creation, search engine optimisation services, advertising, social media management and analytics.
Commercial cleaning services
Large scale disinfecting and sanitation services are now in demand due to the coronavirus pandemic. Many offices, public buildings, and medical facilities require regular professional disinfecting. The demand for industrial cleaning services has drastically increased and is expected to continue to grow for the next few years.
Online consulting business
Start an online consulting business offering advisory services. If you have skills, knowledge or are an expert in some field, present this as your core service offering. You can add value to other businesses by providing advice on how they can grow or improve their current businesses.
Online tutoring or teaching
With many parents opting to homeschool their children post covid, while working from home at the same time, feeling overwhelmed is a common phenomenon. Therefore, a tutor will be a welcome relief to many parents. Using communication platforms such a Zoom or Google makes it convenient and an inexpensive mode of offering your tutoring services. Apart from academic tutoring and teaching, one could also teach other skills online such as music, karate, fitness etc. When you market your business make sure you state the specific subject (or expertise) and the grade you tutor.
Virtual assistant
If you have some experience at being an assistant then you can offer administrative services such as taking calls, scheduling appointments, managing social media accounts, creating podcasts, blog posts, bookkeeping, audio transcription etc. The setup costs are minimal,you can begin with having a laptop, relevant software and internet connection.
If you have a background in accounting, it makes sense to start an accounting business. Your company can offer small businesses creative solutions to keep afloat, help them get their taxes in order, or even assist with providing financials so that they could apply for funding from various institutions. The business could also provide personal finance solutions to individuals.
Graphic design company
Most businesses outsource creative services such as logo design, branding, graphics and design for events (banners etc.). With social media growing as a platform for marketing and advertising, there is an immense need for graphic design. A niche graphic design business has the potential for attracting a large client base.
Software development business
Due to coronavirus restricting social contact, the demand for online services has significantly increased. You can help other businesses reach their customers by creating app to connect to their clients. Every business needs an online presence to survive during these times.
Personal protective equipment (manufacturer or supplier)
During covid the demand for personal protective equipment has emerged. PPE products are consumable (masks, gloves, sanitisers), therefore it is a lucrative venture to embark on. You could manufacture your own products or source them from a reliable supplier that meets all standards and regulations.
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