![](https://royalounge.com/wp-content/uploads/2020/10/Business-1-1000x599.jpg)
Thinking of Starting a Business? 3 Industries Rife with Opportunities Even During the Pandemic
![](https://royalounge.com/wp-content/uploads/2020/10/Business-1-1000x599.jpg)
With most businesses already struggling, you might think the pandemic isn’t the best time to start one of your own. While there’s some truth to your assumption, you’d find that there are industries that are thriving now more than ever.
Building a business that offers solutions to the problems brought on by COVID-19 would give you a fighting chance of succeeding in your venture. Here are three industries that are rife with opportunities for entrepreneurs looking to open a new business.
Contactless Technology
![](http://trueedition.com/wp-content/uploads/2020/10/Business-4.jpg)
frantic00/Shutterstock — Self-service kiosks have become more popular in society’s new normal
Limited person-to-person contact is one of the most talked-about effects of the coronavirus pandemic on society. With the virus spreading easily, social distancing has been a go-to for curbing its transmission.
Many grocery stores and other businesses have adapted to this by upgrading their operations to include contactless technology. This includes the introduction of ‘cashierless’ systems, voice-enabled kiosks, and smart vending machines.
While these technologies have existed and have been in use before, the pandemic accelerated their use. Retailers are predicted to embrace these even more as they find more ways for customers to buy their goods.
Telehealth Services
![](http://trueedition.com/wp-content/uploads/2020/10/Business-3.jpg)
fizkes/Shutterstock — Telehealth companies offer a variety of services from virtual primary care to therapy
The telehealth industry is another one which growth was expedited by the new needs created by the pandemic. As hospitals become overburdened by the number of COVID-19 cases, telehealth companies have made it possible for people to continue getting non-essential healthcare services during the pandemic lockdown.
Startups offering telehealth products and services raised $190 million between February and April of this year alone. The industry has reported revenues of $3.2 billion and is predicted to grow 8.3% per year in the coming years.
Forecasts also see telehealth becoming standard practice for healthcare providers in the future making now a good time to enter it before it gets oversaturated with competition.
Online Education
![](http://trueedition.com/wp-content/uploads/2020/10/Business-2.jpg)
Hananeko_Studio/Shutterstock — Millions of American primary school, high school. and college students
While schools have opened up again in some places, it seems like the new norm for education these days is virtual learning. Companies in the education technology space are certainly benefiting from a spike in the demand for their services as physical schools have been forced to close down.
According to a Rootstrap report, businesses in this industry saw a 300% spike in their revenue from March to July. Some of the services offered by these companies are platforms for teachers to track their students’ progress, supplemental learning materials, and online tutoring services.
Outschool, a company that offers online classes for kids ages three to 18, said that it signed up 37,000 new students in the last weeks of March alone.
More in Business
-
`
The Mesmerizing Transformation of Halsey: A Musical Icon Turned Makeup Maven
In the dynamic world of beauty and self-expression, Grammy nominee and former 30 Under 30 awardee, Halsey, has taken a remarkable...
April 18, 2024 -
`
The 10 Most Promising Investments in 2024
In the unpredictable world of investments, lat year surprised us with the stock market thriving against all odds. Despite looming recession...
April 18, 2024 -
`
Study Shows Employees Value Work-Life Balance Over Pay
Gone are the days of chasing the almighty dollar without a second thought. Randstad, the world’s leading employment agency, conducted a...
April 17, 2024 -
`
How to Get a Startup Business Loan with No Money: Your Step-by-Step Guide
Securing funding for your entrepreneurial dreams can feel like climbing Mount Everest without oxygen. It’s challenging, but there are paths to...
April 16, 2024 -
`
How Much is Ryan Reynolds Net Worth?
Ryan Reynolds, the quick-witted Canadian actor with a million-dollar smile, has carved a unique path to Hollywood stardom. But his journey...
April 11, 2024 -
`
Why Italy Is the Perfect Solo Adventure Spot
Embark on a soul-stirring solo adventure through the captivating landscapes and rich tapestry of Italy, where every cobblestone street whispers tales...
April 10, 2024 -
`
What is Provisional Credit and How Does It Work?
Have you ever checked your bank statement and noticed the term “provisional credit.” This term frequently appears during disputes or chargebacks....
April 9, 2024 -
`
Elon Musk’s OpenAI Lawsuit | Are OpenAI’s Financial Motives Overshadowing Its Mission Statement?
A recent legal battle has rocked the world of artificial intelligence (AI). It pitted Elon Musk against OpenAI, the research company...
April 8, 2024 -
`
Cultivating Prosperity: Lunar New Year Traditions for Financial Abundance
As we usher in the Lunar New Year, the traditions that accompany this vibrant celebration are not just a cultural spectacle...
February 10, 2024
You must be logged in to post a comment Login