We first learned about a mysterious virus that was causing symptoms resembling pneumonia around four months ago, and today most of the world as we know it has come to a standstill. Due to the Coronavirus pandemic, more than 4 billion people worldwide are under some kind of lock-down. One day the lock-down will end, and then it will be time to return to work, but right now everything is about to change because of the epidemic. It appears that we are gradually working toward lifting the lockup on some economic sectors. Restarting operations will be the largest issue enterprises face. Here is a list of the top 10 industries that will experience growth after COVID 19.
E Commerce
To ensure the success of their business, help their clients, and maintain supply chains, entrepreneurs must be innovative. What buyers buy, what they stock, and what purchases they de-prioritize now reflect completely different priorities. According to the panellists, diversifying into industries like supermarket, PPE, etc., is only a short-term move; in the long run, your company should continue to focus on providing its core services while figuring out how to adapt and continue operating beyond COVID19.
Affiliate Marketing
Due to COVID-19, the affiliate marketing sector has completely changed. Sales have surged in sectors like health, supplements, medical supplies, and oxygen-related equipment, according to a recent Forbes article. On the other side, sales of once-popular items like gym memberships and specific academic packs are currently declining. Increases in global Internet usage have also been attributed to the coronavirus. Given that the vast majority of affiliate purchases take place online, this is a trend that affiliates will like.
Online Coaching
Data Science – IOT – AI – ML
After the crisis is over, the machine learning ecosystem may undergo some changes, thus we need to be prepared. More thrilling initiatives will emerge in the area of 5G, IoT, and AI consolidation as 5G adoptions gradually increase. Big data, IoT, and AI fields will continue to converge, where astounding innovations will be made feasible by improved AI chips and 5G. Numerous websites dedicated to data science offer free online data science courses.
Digital products
Today, digital products are widely regarded for helping businesses promote themselves. However, selling actual goods is laborious and time-consuming due to challenges with inventory, shipping, warehousing, and other related issues. As a result, the use of digital eCommerce has grown as a way to communicate with customers more effectively and build stronger relationships. Sell digital products to increase revenue and stay in touch with your target audiences as the need for digital products grows daily.
GIG Economy (Uber – fiver – upwork)
The gig economy was heralded as the future of employment when it first emerged because it would allow us to choose our jobs freely and invest as much time as we wanted in anything we choose. The creation of two-sided markets like Upwork, Fiverr, Axiom, etc. has accelerated the rise of the gig economy. The need to reskill the remaining staff at a faster rate than ever before has arisen in the digital age, which can result in significant costs and time commitments for the enterprises.
Stock market investing
Many people have little sympathy for the stock market because they believe that it is based on greed and speculation. The stock market can, nevertheless, be a very useful tool for society. The stock price reactions suggest that comprehensive efforts, including changes to financial regulation, are necessary to stop the COVID-19 shock from generating further negative effects and spreading. The market’s crystal ball foresees a different economic environment than the one we have grown accustomed to.
Insurance
The most immediate need of a post-Covid developing world will be insurance as a primary component of a balanced and well-rounded financial portfolio. Service providers are now being approached often during the pandemic with questions about coronavirus insurance coverage and if their regular health plans cover coronavirus. Insurance businesses will undoubtedly experience an increase in digital penetration after Covid-19, as consumer confidence in digital platforms has grown significantly during this lockdown time.
On-Demand Doctors/Nurses/Caretakers
It sounds like a smart concept to create a platform where customers may request on-demand access to physicians, nurses, and other healthcare service providers. Make an app that streamlines the process of scheduling home visits from medical personnel. As a result, pharmacy corporations now have a duty to aid in the battle against Coronavirus. In just a few weeks, you may transition to an online pharmacy delivery business with the proper tech partner by your side.
Health care and mental health
The legacy of the fight against the new coronavirus will be online health care, which benefits patients and medical professionals. Healthcare workers must take care of their patients during this time of isolation without urging them to leave the building. You must connect with them digitally for this. With the aid of your own unique online healthcare app, you may offer the best remedies for their health problems.
Conclusion:
For the entirety of the corporate world, this is a historic moment. Even though there aren’t many tried-and-true best practices for handling this global epidemic, the Top 10 businesses listed above will come out on top after this disaster. Additionally, it’s crucial to realize that the concept of online marketing solutions is futuristic in nature.
