The Coronavirus pandemic has turned our world upside down, but while the medical implications of the virus have been known for some time, the economic destruction caused by COVID-19 is only now starting to become clear.
Millions of jobs have already been lost globally through the virus but the World Health Organization (WHO) warns, in reality, we have only seen the tip of the iceberg. Indeed, in a recent statement, the WHO stated that as much as half of the 3.3 billion global workforce could be at risk of losing their jobs.
While starting a new business in the middle of a pandemic might not seem like the smartest idea, for many it represents the best chance of resuming employment. Here are five new business ideas that are predicted to present the best career prospects for life after Coronavirus.
The online learning market has been booming for many years. However, through lockdown, the popularity of web-based courses skyrocketed. As well as the closure of schools and colleges through COVID, there has been a substantial take-up of people looking to make the best of their time locked indoors by learning new skills – everything from health and fitness to crafts and instruments. The trend towards learning online is likely to stick around long after the worst of the virus is over –becoming a home-teacher could provide significant career stability.
Work as a courier driver
Lockdowns and isolation led to a massive increase in online shopping – with a resulting explosion in demand for delivery drivers. E-commerce had been growing exponentially in recent years anyway, but Coronavirus may well have put the final nail in the coffin for the traditional high street model of shopping.
Working as a delivery company can be as simple as using your existing vehicle – though you will also need to remember to take out Flexible Trade Insurance Policies for most types of delivery jobs. Nonetheless, with more and more of us now au fait with online ordering, working as a delivery driver should offer good career options long after COVID.
Set up your own e-commerce company
While setting up a website was once a complex affair requiring the skills of a web developer, these days it’s easier than ever to get started online and set up an e-commerce site. You may already have a skill or talent which you can use to manufacture your own products or, alternatively, you could also look at drop-shipping or affiliate marketing to minimize your outlay and risk.
Start up as a freelancer, working from home
Just because your employer went out of business through the virus, that doesn’t mean there won’t still be a demand for the skills you used in your job. With the massive increase in home-working we’ve seen through Coronavirus, there is no reason why you couldn’t set up a business doing what you were doing before – but just from home in a freelance capacity. Freelancing opportunities are particularly applicable to the service industry, where the use of specialist tools or equipment is less prevalent.
Work in digital marketing
As our shopping trends continue to shift more and more towards e-commerce, manufacturers and retailers are being forced to find ever more innovative ways of pushing their websites to the top of the search engines to win new custom. Even if you don’t currently have much knowledge of digital marketing, there are extensive online guides that will help you get started. Also, having existing knowledge of an industry (i.e. from your last job) can be a massive advantage in terms of knowing how to promote other companies in similar market sectors.