Certain businesses do better during recessions, and no doubt, the coronavirusoutbreak is similar to a deep down turn in the economy.
With a lot of stores, restaurants, gyms and entertainment attractions closing to stunt the growth in the number of new cases of COVID-19, many people in industries that require customer interaction are suffering.
On the flip side, there are some businesses that will actually flourish in these times.
1. Online content creators
As a Blogger and content creator, I’ve found that traffic to the various independent websites and blogs I run is flowing. My Pinterest account, similarly, has seen 66 to 72% Spike in Engagement and Impressions!!!
This jump is due to the fact that a lot of people are home, in front of their computers. Some are supposed to be teleworking but without the potential eye and scrutiny of peers in nearby cubicles, are not necessarily motivated to stay focused.
They are navigating over to their social media pages and clicking links that scroll through their respective feeds. They are running over to Pinterest to look for dinner ideas, or to pin dream vacation or DIY projects.
In other words, if you are in the business of creating content, now is a good time to do so.
The world is finally paying attention. I’m seeing spikes like this boost over the past 7 days.
2. Delivery Services
With a lot of people quarantine at home and afraid to venture outdoors out of fear of possibly contracting COVID-19, many are using home delivery services.
Ubereats is actively recruiting for more drivers as are the others looking for shoppers to fill out the orders. Now, whether the shelves will be stocked with what customers want is another thing altogether.
Anyone who runs an app or service that involve delivering products to the home will do extremely well during this global crisis.
3. Online Courses and Classes
By now, you might have seen the awe-inspiring videos of a fitness instructor giving classes to locked down residents in Italy from a rooftop or Debbie Allen leading a remote dance class from her Instagram feed or Beyonce hosting a watch party of her “Homecoming” HBO movie, and most recently DJ D-Nice host a remote dance party.
All of these instances are why online courses and on-demand classes are doing very well.
My husband and I purchased a six-month subscription to Beach Body On Demand because our gym closed and we have no other way of getting instructional exercise classes.
Likewise, course creators, and anyone who has a skill that can be taught, artists, DIYers, content marketers, to Keto meal preppers, now is the perfect time to market and promote that course.
Courses are notorious for having students abandon them and not complete them but now that people are stuck home for the next few weeks or months, they are more likely than not to actually complete them!
It’s finally time to create and/or market and promote your course.
If you are not in any of the aforemetioned fields, now is the time to consider if any is something you might want to get into as a side hustle.
Give me a holler and let’s talk! I can walk you through the beginning steps.