Top 8 Businesses Worth Investing Amidst Covid-19 Outbreak
As the world is facing challenges with collapsed economies, due to the outbreak of the Coronavirus Pandemic, there are still certain businesses that will yield high returns immediately & also in the long run, such as online platforms, sanitization companies, delivery companies, pharmaceuticals, entertainment facilities & so on. These services are not only good opportunities for businesses, but also the need of the hour. A wide spread lock down & restrictions on movement means we have to be proactive & look for new solutions for all our needs as well as making it an opportunity to give back to the society.
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- Food Delivery Services
While many would prefer to cook at home, there are a lot of people who would prefer to order food online, whether this is due to lack of time or simply due to non-availability of required resources. In current times, this is due to lock down of various regions & restriction of movement. This not only keeps the people safe but also allows free movement of essential services. This is a good opportunity to keep the general population fed while developing new techniques to improve our business.
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- Grocery delivery services
While movement permits for grocery shopping are being issued sparingly, the ability to order online or call is a great opportunity to deliver the groceries at home. In recent time, this demand has grown exponentially to the point that existing systems may not be able to meet requirements in the long run as more & more people opt to order online.
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- Medicine delivery services
Restrictions on movement has led to the need to have even medicines delivered at home. With a good amount of the population dealing with one or the other aliment, this is more of an essential service than a luxury. The need for medicines to reach patients is of utmost importance & must be done in a timely manner without delay to maintain a healthy population. Businesses are required to have strategic plans in place to reach their customers on time.
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- Healthcare consultation
This is comparatively a new solution to cater to the needs of patients. Patients can easily reach out for doctors from the comfort & safety of their homes. Appointments, consultations, payments, follow ups can all be streamlined to achieve the intended purpose. This business can go side by side with medicine delivery services.
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- Online educational app
The Covid-19 has led to an unprecedented surge in online education. All schools in the UAE are currently teaching online. With proactive efforts from both teachers & students, online teaching is no longer seen as impeding the learning process. This has left both the teachers & students with a sense of satisfaction achieved by performing their duties & responsibilities in these gloomy times.
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- Courier services
The current situation has led to an increase in demand of pick up & drop services, especially for important document’s. We don’t need to worry about how could we get our passport visa stamped or how could we receive original licenses from authorities. All this is currently being done in the most efficient manner by courier companies on a timely basis with coordination from both the sender & the receiver.
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- Vocational teaching
With more time on hand, every adult yearns to learn something that could be useful to them. Be it cooking, sewing, art & crafts, painting etc. All these skills can be easily availed online. Businesses can make a cut above the rest by introducing innovative & useful ideas to potential customers by reaching out to them through online platforms.
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- Personal hygiene
While online business will prove fruitful, there are a few businesses that will yield good result on field as well. With the mass education of the importance of keeping the hands clean, there is no doubt that people will remain cautious even once everything gets back on track. Sanitizers, hand washes, wet wipes, soaps, detergents etc will tend to always be on demand.
This blog is written by Ms. Ayesha, Business Advisor at Flyingcolour Business Setup, VAT and Accounting Services, Dubai. If you have any question regarding setting up any business in Dubai or anywhere across the UAE then please contact us at +971 4 4542366 or email us at info[at]flyingcolour[dot]com.
