With most of the people now staying at home due to the lockdown currently in force to counter the spread of Covid-19, the over-the-top (OTT) and O Demand platforms may see rise in their revenues estimated $438.5 billion by 2026. Even small niches service provider like teachers, fitness trainers, Yoga trainers, Production houses also turn to digital for revenues generations. Platform like VPlayed helped brand to change business modules. Try any one of the online streaming business in this pandameic situation to grow bigger. Cheers
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OTT Platform & VOD Platform Specialist
The Coronavirus outbreak is shaking up the global economy on a massive scale. The world is scrambling hard to combat the current and upcoming economic consequences of this black swan event.
As this global economic crisis continues, it is expected that businesses will not return to normal for a long time. Even consumer behaviour will take a new turn. Hesitation among consumers to go out and shop will be visibly seen, impacting the overall seller-buyer conventional journey.
If you have any other skills, like let’s say you’re a photographer, 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 consultancy businesses, one can go ahead with.
Start with your online music classes
Start with your fitness consultancy sessions
Start with your online cooking/ bakery classes
Start with your online dietician consultancy business
Start your online photography classes
If you think you are impressive in your talks and can rule a conversation, you can make a big way in this field. With almost every business being transitioned to the online platform, sales and marketing jobs are blooming.
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Well considering that during the covid-19 pandemic, consumers are looking for something to stay safe, so my recommendation would be a business that helps them stay safe like a online store, and since many people are struggling with money make it so you can make profit but the items are still cheap because if you want people to focus on your business and not amazons then you have to do something amazon doesn't, but something the consumers can't deny like special deals, make yourself known for something the consumers love, and if you need to ask those around you what will be convenient for them. I hope this advice was helpful.
My recommendation will be to take an informed decision & conduct a thorough research/competitive analysis. Connect with experts in your social/professional circle once you zero in on the idea and product & try to understand overall demand.
We all know COVID-19 pandemic has affected large numbers of sectors & industries, during which many startups and even established businesses have either failed or are staring at bankruptcy. Some businesses (Hospitality, Tourism, Traditional Retail etc.) are more affected than others.
Having said that, there are a few industries which have witnessed sharp increase in demand from customers. People are spending more time at their homes & this has led a change in behaviour. Based on demand data (Mobile app downloads, Website traffic, Research reports, Media news ) & general trends, following sectors have done well -
Online Ordering companies (Food, Grocery etc)
E-commerce (Amazon etc)
Edutech and E Learning
Streaming (Netflix etc)
Project Management & online communication (Zoom)
Rental Platforms (Like, equipment rental marketplaces: gym equipment, music gear, instruments etc)
Here are a few eCommerce solutions https://www.fatbit.com/covid-19-response.html that help you to start above mentioned business.
It seems to me that any strong business can survive in the conditions of Covid-19