woman in white long sleeve shirt and blue denim jeans riding on black city bike during
Business Ideas

What Are The Most Profitable Business Ideas To Start After Covid-19?

Pandemic has left people wondering what are the safest and most profitable business ideas to start after Covid-19. Check out our list of the best ideas in this article

  • DoorDash, Grubhub, Uber Eats, and Postmates – brought in roughly $5.5 billion combined revenue from April to September 2020
  • Demand for janitorial services was increased by 75% in 2020
  • Homeschooling increased the awareness of online teaching in 2020 and 2021, which is why it’s now a great business idea post-COVID

COVID-19 pandemic was hard for those who got laid off from work and had no income coming in to support their families. On the bright side, some of those people launched their businesses and forged a different path for themselves using profitable business ideas. Below are the top best business ideas that can work after the pandemic. Read on to find out which one is right for you!

Food Delivery Service

During COVID, people were on lockdown and afterwards were skeptical about leaving their homes too often. So, they prefer staying inside and ordering things they want or need. From groceries to meals, they can have anything delivered to their doorstep without worrying about the pandemic-related repercussions. 

That’s why food delivery services spiked during the pandemic across Europe, the Americas, and Asia. In the US, the top four delivery companies – DoorDash, Grubhub, Uber Eats, and Postmates – brought in roughly $5.5 billion combined revenue from April to September 2020 which is more than double their combined $2.5 billion revenue in 2019.

BusinessWire estimates that food delivery services will be worth $104 billion by 2023, compared to other delivery services. You can take a part of this profit margin by starting a food delivery service.

Cleaning Service

With the current need for sanitation and cleanliness after COVID-19, the demand for janitorial services was increased by 75% in 2020, as projected by ZipRecruiter. Many companies in urban areas have experienced an increase in service demand during and after COVID. 

If you are interested in starting a business with a lower cost of operation, you can consider launching a cleaning business. 

E-commerce Business

E-commerce has remained on the list of top profitable business ideas for many years. So, it’s not a shock to see that it will be a good startup idea after the pandemic. With the lockdown and pandemic regulations, the physical retail industry has suffered a lot since 2019. On the other hand, e-commerce stores are booming since 2020 with an increase in online shopping by 44%!  

Online retailers have experienced an increase in their sales and demand after the pandemic. With effective marketing and sales strategies, you can start your own ecommerce store and make money. 

Online Teaching

During the pandemic lockdown, people started appreciating teachers greatly. Homeschooling increased the awareness of online teaching in 2020 and 2021, which is why it’s now a great business idea post-COVID.

You can teach any skill online from health and fitness to music, crafts, and business skills. And the best part is, there are teaching websites, such as Chegg Tutors and TutorMe, already set up to help out newcomers adjust to the online environment. 

Real Estate 

There’s never been a better time to start a real estate business that helps buyers and sellers, look for homes to buy, sell, or rent. The housing market has been hot during the pandemic with house and rental prices surging globally. 

Demand for housing during the pandemic skyrocketed due to a lot of different factors. Mortgage interest rates were low, lockdowns meant people spent less and were able to save more, and the need to work from home made people want to live in less densely populated urban areas.

Now, it looks like some real estate markets are falling as global house prices are set to fall because interest rates and the cost of living have increased costs for people, making it better to save instead of buy houses. This still offers a great opportunity as more people will look for cheaper rents or houses. They’ll need real estate businesses to do this. 

Ultimately

While the pandemic came like a nightmare, it opened doors of opportunity for many people who wanted to succeed by starting their businesses. With the suggested profitable business ideas, you can explore the options available and start your business as soon as you are ready.  

Our Editorial Team is a team of experts who create and review content, advise on content policy and scope, attract new authors, encourage submissions, and promote content to colleagues, peers, and other spaces.

%d bloggers like this: