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Businesses that are likely to boom after Corona virus pandemic

Updated on July 11, 2020
Melusi Jeisal Ngwenya profile image

Melusi Jeisal Ngwenya has a Degree in Social Psychology. Currently a post graduate at Richfield College

So how do you take advantage of this time? The global economy will this year experience the worst financial crises since the great depression due to the Corona virus. The World Trade Organisation also said that the global contract will contract by between 13% to 32% this year. Also the EOCD has warned that the economic heat from the Covid 19 will be felt for a long time to come. No one knows when the corona virus pandemic will end for economic activities to be back to normal. While its more important to focus on getting out of the health risks posed by the pandemic, you also need to keep an eye on what lies ahead of this pandemic because this pandemic will shape businesses for decades to come. Here are businesses that are likely to boom after the corona virus pandemi.

Digital Marketing

This is the area you need to position yourself in times like this. Digital marketing has experienced the boom over the past decade. The business is likely to experience even more boom after the corona virus pandemic. Take your time to learn or improve your digital marketing skills. It is probably also true that the switch by consumers to ordering digitally for delivery may be a permanent switch as they have now learned out of necessity a new mechanism for dining that they either did not know was possible or simply did not get around to trying. Much like we have all learned by using Zoom that meetings don’t always have to involve travel or be face-to-face, this may be a permanent change.

Stock market investment

A famous stock investment created the world's richest investor. Warren Buffet is fearful when others are greedy and greedy when others are fearful. Typically, market crashes when people being fearful of losing their money they start selling their assets and cutting back on spending so the stock market goes ridiculously down. This is usually the best time for smart investing. You can buy stock for a cheap price and ride as the economy recovers but however there are no guarantees that all stocks will recover. Some companies will declare bankruptcy so there is need for a thorough research and seek expert advice before buying stocks

E Learning

Learning from home is likely to be the new normal after this pandemic and this goes for primary, secondary and even university level. There are numerous courses and resources available for free access which can get rid of any financial issues for fee payment during lock-down. The teachers and the students can interact with each other at any time without the limitations of day or night, for providing study materials, clearing doubts or taking tests. While some consider online learning to require a greater degree of self-motivation, institutions recognise that educational support is just as important as tutor feedback, and take great care to ensure that their students receive the same levels of support that they would receive on campus.

Cyber Security

Computer security, cybersecurity or information technology security is the protection of computer systems and networks from the theft of or damage to their hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide. Cybersecurity is always big business, but an increasing dependency on digital tools such as virtual meeting platforms means that our data is more susceptible to hacking than ever before. Coronavirus has proven to be one of the biggest threats to CyberSecurity, as scammers are taking advantage of the global population’s uncertainty around the disease. Compromising business emails and sending spam email campaigns have been particularly popular, and many attackers are using the names and logos of trusted companies, such as the World Health Organisation (WHO), to get users to click on dangerous links, according to cyber security company Proofpoint.

Online Meetings

Now that most companies have had to adapt to allow employees to work from home, it's likely that there'll be more flexibility for remote working in the future. Having honed their home working space and enjoyed the lack of a commute, many workers may opt to work from home more frequently and platforms provided by Microsoft, Google, and Zoom are likely to still be in high demand to keep colleagues connected even when everybody is allowed back in the office.

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    • bhattuc profile image

      Umesh Chandra Bhatt 

      7 months ago from Kharghar, Navi Mumbai, India

      Useful tips. Thanks.

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