Top 5 Business Ideas After Lockdown

The global covid-19 pandemic has led to long lasting effects on individuals and businesses alike. The repercussions of the pandemic are manifold and we are still gauging it. Several businesses that were forced to stop operations during the nationwide lockdown faced the economic brunt even when the lockdown eased. However, business-wise, there are some sectors which have benefited from the situation and are likely to witness growth post the covid-19 led lockdown too, which is now being lifted in phases in several parts of the country. 

Business Ideas After Lockdown

When considering business ideas that will be in demand post the lockdown too there are certain criteria that entrepreneurs need to keep in mind. These factors will help decide what to keep in mind while zeroing in on business ideas after lockdown.

• Essential Over Luxuries

One of the foremost criteria to consider is the demand for the business product or service while discussing business ideas post lockdown. The lockdown has severely affected people’s financial condition. Also it has made many individuals re-think their priorities, whereby instead of indulging in luxuries or unnecessary expenses, people are inclined to spend on necessities and essentials. Therefore the business ideas after lockdown must also focus on essential commodities for the business to take off on a flying start. 

• Technology Driven

The pandemic has made it a necessity for people to maintain a social distance for their safety. In such situations technology has been a savior allowing people to connect with each other and carry out a number of tasks too. Therefore a business idea that involves technology which in turn helps people stay safe and stay distant even while connected and still get their work done is the need of the hour. 

• Well Planned

For any business idea to be successful, even including business ideas after lockdown, the idea needs to be well planned and thought out. Just having a business idea is not enough to start a successful business. The business needs to validate the feasibility and viability of the idea and then chalk out a plan for the next steps in order to bring the idea to fruition. Entrepreneurs can benefit from the process of planning better once they understand the entrepreneurial journey of each business. Therefore business ideas after lockdown need to be well planned for their successful execution.

Now that we know the basics to consider while thinking of business ideas after lockdown, let’s discuss some ideas which have the potential to be successful given their demand and considering the needs of citizens post the lockdown. 

Top 5 Business Ideas To Pursue After Lockdown

• Healthcare Products And Services

The covid-19 pandemic has made everyone re-evaluate their health and make it a priority. Plus it has made certain healthcare products and equipment a must. Therefore entering into the healthcare sector is one of the profitable and in demand business Ideas After lockdown.  Within the healthcare industry itself, there are various specialisations that entrepreneurs can consider, such as-

• Healthcare equipment

The need for mandatory gloves, masks, face shields and PPE kits for medical professionals makes the medical equipment business a necessity post the lockdown. Along with these safety gears other equipment such as an oximeter to read one’s oxygen level to steam vaporizers to thermometers for reading temperature, being some of the equipment needed for all households and businesses during and after the lockdown too. 

• Healthcare Products

Along with the equipment, health care products and medications are a must and venturing into it is one of the profitable business ideas after lockdown. Many are seeking ways to boost their immunity and this has given way to a new range of products, not just allopathic but also ayurvedic and homeopathic medicines. There is a growing demand and therefore s growing market for immunity boosters and medicines, therefore making it a good business option. 

• Food Delivery Business

During the lockdown citizens were cooped in their homes where they had to do all the household chores on their own, including cooking and cleaning. Additionally, with restaurants shut people missed eating out or ordering food from restaurants dearly.  When the lockdown easies, even if restaurants are closed for seating, the option of home delivery is a blessing for several households. People will be looking forward to take a break from cooking themselves and enjoying the delicacies from restaurants. Apart from restaurants a number of home cooks have also started dishing out a variety of cuisines which people consider a safer and more hygienic option. To order all these different varieties of food from restaurants or from home chefs, people would resort to food delivery businesses thus making the business a rewarding business idea after lockdown. The food delivery business is set to grow post the lockdown since it will allow people to eat delicacies within the safety and comfort of their homes. In fact, research says that the online food delivery market is set to be the next ‘big thing’ as the demand for it continues to grow. 

• E-Learning And Online Skill Development

The covid-19 pandemic has put a full stop to gatherings and to activities where there are s number of people. Schools, colleges, sports activities, various extracurricular classes have all had to shut down since it involved the meeting of a number of people and maintaining a social distance was difficult. Additionally most of these were for children and it still is a risk to send them out, especially for activities involving a group of people. Keeping the need to maintain a healthy social distance switching to e-learning is the next big business idea after lockdown which is set to grow. E-learning is here to stay and allows entrepreneurs to conduct a variety of classes via the e-learning platform. Some examples include coaching for higher studies or entrance exams, various languages, art, craft, music, yoga, dance, cooking, etc.

An e-learning business aimed at helping with skill development and enhancement of portfolios for people already working is also a great business idea since after the lockdown employers will be aiming to hire people with multiple skills. Skill upgradation taught via e-learning along with several e-learning courses is the future and definitely worth considering as one of the rewarding business ideas after lockdown. E-learning platforms are expected to show promising growth by 2025 and now is the right time to get into this business. 

• Website Development And Digital Marketing Services

With social distancing norms in effect and safety being a priority, the methods of marketing and advertising too need to adapt to the new normal post the lockdown. The new strategies need to reach out to audiences from the safety of their homes. And the best way to do this is via digital mediums- via the smartphones, laptops, computers, and notepads that people possess. This can be done via digital marketing methods and through websites which is one of the best business ideas after lockdown for entrepreneurs to consider.

A website is the new age visiting card that helps create an identity for all businesses and provides a platform for customers to visit, know about the business and avail the services or products from the business. Similarly digital marketing helps reach out to a global audience and pique the interest of the niche customer set too. This is achieved via Google Ads, social media presence, blogs, vlogs, advertising via various online mediums. This is the way several businesses can operate effectively while keeping safety in mind and business ventures helping all types of enterprises get online is the need of the market post lockdown.

• Handmade And Homemade Goods 

Another business idea that is bound to see a rise after the lockdown is for handmade as well as homemade products. With the emphasis on being ‘aatmanirbhar’ by opting for and promoting local businesses, the market for homemade and handmade is bound to grow and rise. This can include homemade food items such as snacks, savories, spice mixes, confectioneries, and even meals. Other ideas could include crafts and arts such as paintings, wall arts, calligraphic frames, ceramic pots, plates, and crockeries, paper mache products and similar handmade crafts. Additionally it can even include local handlooms and textiles as well as garments made from locally sourced textiles, including handmade masks which are mandatory in times of the pandemic. This can also include embroidery and other intricate crafts done on textiles by hand as well as outfits made by local designers and karigars. Additionally the handmade, home made business can include cosmetics made at home from locally and organically found ingredients.

 Entrepreneurs and artisans can always avail MSME loans to help them purchase material, equipment, resources and cover other expenses and investments needed to start and run the business. Therefore homemade and handmade is one of the business ideas after lockdown that has scope for immense development.

These are some of the popular business ideas and business domains that will be in demand post lockdown and expected to grow successfully in the near future. Entrepreneurs can seek the help of deAsra Foundation for any and every step of their entrepreneurial journey as they strive to turn their business dreams and ideas into reality.