The 2020-21 Coronavirus pandemic wreaked havoc on small and large businesses. We all had fewer options for having fun and earning extra cash — other than the government’s stimulus handouts, of course. One of the activities that rose to great heights was online gambling at sites such as casino swiss. Today, as most businesses re-open, it is a bit too early to predict which of them will be a success — post pandemic. However, we’ve identified the most prosperous businesses of 2021 based on research on the present business environment, the prevalence of outbreaks, and the potential of the businesses. Here are the 10 most prosperous businesses of 2021 — from bottom to top.
10. Tutoring Business
Schools and colleges around the world are skeptical about allowing students back on campus as a result of the prevalence of the coronavirus. So, many schools are still teaching their students online instead. However, online classes aren’t the most conducive environments for students to learn. Students in need of extra classes can find tutors on platforms like TeacherPod. The tutoring business is very affordable. All you will need is a video and a good internet connection to offer your service to students in need.
9. Fitness Business
Gyms and other indoor fitness centers were shut down during the lockdown. According to Bloomberg, over 50% of gym-goers terminated or froze their memberships. However, the fitness industry found a way to thrive. Since in-studio workouts were no longer possible, gym-goers started working out virtually to stay fit. Mindbody is one of the leading fitness booking tools and it has gained more users exponentially in 2021. Also, about half of the people used it for yoga. So, it was about more than just physical fitness to them. Finally, almost half of the platform’s virtual users iterated their desire to continue working out virtually even when it becomes safe to go out again.
8. Delivery Business
Another business that seems to have profited from the Covid-19 pandemic is the delivery business. The business started booming immediately restaurants offered to start making home deliveries and it hasn’t slowed down since. Due to the high demand for the service, several companies have been able to join the business and make profits. Though the initial purpose of the delivery business was to goods customers safely, it won’t be going anywhere after the pandemic. This is thanks to its convenience factor.
7. Digital Marketing Business
The rate at which technological innovations are being introduced globally proves that the world has finally gone digital. Since services like e-commerce and e-banking are gaining popularity worldwide, the demand for digital marketing is on the rise too. The increasing number of new startups that are entering the industry means that more digital marketers are needed to serve them. Some of the services provided by digital marketers include content creation, web design, SEO, social media management, and many more.
6. App Development Business
Businesses were unable to operate physically during the pandemic. So, they had to boost their online presence to reach their customers who were spending most of their time on their smartphones. According to data provided by App Annie, a massive sum of $28 billion was invested in apps in 2020’s third quarter. Businesses can no longer do without apps and app developers can provide the apps. Asides from being very lucrative, app development can be done virtually and it requires no certifications.
5. Accounting Business
Both companies and entrepreneurs can’t keep their businesses running without accounting. However, several establishments no longer make use of in-house accountants. Instead, these establishments outsource their accounting tasks to accounting firms or freelancers. There’s a high demand for accounting services globally due to the knowledge and skill required. However, the business is very competitive.
4. Legal Services Business
Legal services are usually needed for both private and professional purposes. This is because a law firm can offer a wide range of services that include corporate law, family law, constitutional law, personal injury law, and many more. As a result, legal services are amongst the most sought-after services globally. The industry is a very profitable one, however, an individual will have to take several essential steps. These include getting a degree, going to law school, and passing the bar.
3. Health Care Business
There is no doubt that health care practitioners were the most in-demand professionals in the world during the 2020 coronavirus pandemic. The sheer number of people that contracted the virus crippled health sectors globally even if it fetched them more funds. Health care is a very prosperous business that requires lots of dedication. This is because medical practitioners have to first get an undergraduate degree, attend medical school, and then serve in a residency program.
2. Insurance Business
The insurance business is the second most prosperous business of 2021. It consists of several insurance services including health insurance, car insurance, property insurance, and more. The importance of getting licenses is that they cover damages in times of loss. So, insurance is one of the best financial protection a person can give him or herself. Since there are still lots of uncertainties surrounding the health of the people in 2021, it should offer more opportunities to people in the insurance business.
1. Software Business
For a business to be run online smoothly, it needs to have the right online tools in place. This software will enable the business to create, manage, and distribute its products and services. A software company is in charge of the creation, maintenance, and publishing of cloud-based or licensed software. The industry is highly lucrative because there is a great demand for software. Also, there are new establishments that only run on internet-based solutions and hence, need customized software.
You need to be very careful if you are thinking of investing your time, money, and other resources in a new business in this post-pandemic world. Fortunately, all the information you may need about the most profitable ones has been provided in this article.