Best Profitable Business Ideas After Lockdown in India – Opportunities for Growth

Coronavirus is a highly contagious disease that has spread globally, affecting the lives, professions, economy, and lifestyle of everyone. This has generated an uncertainty of life and an immense loss of movement, earnings, and jobs impacting the economy of almost every country in the world.

In this situation of contingency and emergency where things are falling apart and with no vaccines or a steady treatment of COVID 19, we can’t be losing hope and positivity and sitting idle without work and waiting for things to be normal.

Let’s admit the fact; it may take months, probably years for the current situation to normalize and things to smoothen down.

In this scenario, we all should focus on grasping current work opportunities that COVID 19 lockdown has generated and maintain high levels of optimism and hope to maintain our mental, economic, and physical health.

Keeping up with the trend

Looking at the current scenario of despair and joblessness, one must look at the brighter side and figure out opportunities that the lockdown has given rise to.

Generation of funds is extremely crucial as it not only affects us an individual, but it has a significant impact on our city, economy, country, and even the whole world.

A few imperative options that we can consider and the scope of ideas that we can optimally use, for personal, social, and economic growth is as follows:

1. The first thing to take into consideration is the Demand in the market. Due to the lockdown, not everything is required, and we must keep the luxuries and comforts aside. Providing necessities and the high demand for them is a major contributor to the market and will generate new business ideas. 
2. Also, the businesses operating in a space where their primary product offering is something that is of necessity and use in daily life are bound to do well as opposed to the businesses that offer goods of luxury. Especially, in such difficult times, where the spending power of the wider population has decreased substantially, selling basic goods may be a good and safer option.
3. New ideas on education, banking, agriculture, furniture, fashion, gifts, weddings, food, taxation, finance, and manufacturing are things that cannot be ignored and are always on the run. The continuity in the above mentioned generates new opportunities for business. Irrespective of the market conditions, the aforementioned industries doing good is essential for the economic and social upliftment. Hence, these industries as a whole rarely ever see a decline. If your business has a unique product of value on offer, then chances of success will skyrocket.
4. Technology and online work options are trending, and one must keep himself updated with the following options to use them for their upcoming venture.  This will not only help you discover the latest business ideas, but it can also guide you in figuring out the efficient way of doing a business. Now is not the time to be physically involved in professions, jobs, or businesses. Instead, we must consider technology as one of the most critical aspects of generating job and business opportunities:
   • Google alerts and subscribing to google trends : Google trends can give great insights on what people are searching for, and subsequently these insights can help you create a proposition that can do well in the market. Not only this, the insights can also help with creating a plan of action based on the demography you’re targeting.
   • Explore more online using Google search console : Google search console is a great tool for the businesses operating online. It can help monitor, maintain, and troubleshoot your website’s presence and performance on the google search engine. One can leverage this well to run their website efficiently and bring more traffic.
   • Website studying and using website optimizers : Website studying can help give you insights on what can be improved to help with relevant and key factors such as website traffic, customer retention, conversion rate, etc. Using website optimizers can really boost your website ranking on google search and can help create an actionable plan backed by relevant datapoints.
   • Keeping up to date mobile applications : Application developers often release new updates with bug fixes, security patches, enhanced functionality, etc. Hence, to ensure the most efficient usage of the mobile application, it is essential to keep them up to date. Irrespective of frequency of usage, keeping apps up to date is always a great idea.
   • Online banking and subscribing to online giants like Justdial, Sulekha, etc.
   • YouTube channelizing : Running a Youtube channel has seen an exponential growth in recent years. If leveraged well, this can give you amazing results and boost your income.
   • Blogging : Online blogging has been around for some time now, some people pursue this as a hobby, however if you’re good at blogging, it can open high revenue streams for you.
   • Tie-ups with online shopping sites like Amazon, Flip kart, Snapdeal, etc. : Selling products online can be lucrative, you just have to ensure that the product you’re selling has a high demand, and the prices are competitive.
   • Tie-ups with online Food businesses like Swiggy, Zomato, etc. : If you’re great at cooking, you can tie up with an online platform to sell your food products, you can also tie up as a delivery partner, this can be lucrative but would require substantial time and effort.
   • A multitude of options catering to online banking like immediate transfer of money and using other soft modes of handling money 
   • Zoom meetings, webinars, e-conferencing are the talk of the town, and everyone is indulging in it.
   • Online marketing and publication to improve sales and marketing : Sales and marketing have been in an uptrend since a very long time, and there’s no foreseeable slowdown. Doing so by leveraging online channels can have a huge upside, and something that can definitely be explored.
   • Using social platforms like Facebook, Instagram, and linkedin to make and generate contacts : Contacts can prove to be useful not only to find employment, but also to reach out to in case you need a better understanding of something or guidance. Leveraging online social platforms in this day and age is imperative to build lasting relationships and contacts.

Top 10 Job Opportunities or Business Ideas that can initiate during and after the Lockdown

It is of paramount importance to maintain digital relations, develop strategies, and use effective techniques to study the market and get into a new opportunity that can be fruitful and money generating.

Here are the trending business or job ideas that an individual can initiate to survive the COVID 19 crises:

• Online Teaching

Education is one of the occupations that will never die out. Even coronavirus cannot stop educating young minds. One can indulge in online video classes, online tuitions, special classes, webinars, or Zoom teaching applications to reach out to the huge number of students who crave a comprehensive explanation and understanding of unexplained concepts and completion of academic syllabus. Online teaching is the most conventional and one of the best business ideas from home in India. As the spending power is increasing in the lower middle class of the economy in the country, spending on education is expected to increase, and to assist formal schooling, online teaching has been seeing a boom recently. Also, monetizing content in this industry is easy and has one of the highest conversion rates.

• Freelancing Projects

The world is moving digital, and so are the employment opportunities. Gone are the days when people had limited choices when it comes to employment. In this day and age, a person looking for employment opportunities can leverage digital platforms and utilize their talents to generate income through freelance jobs. Freelancing jobs like content writing, website updating, editing, publishing, journalism, graphic designing, gym instructions and workout techniques, translations, data entries, and many other such jobs are easily available and the demands for professionals in the specified fields are increasing with each passing day. It is no longer a part of hidden business ideas, anyone can be a freelancer as there are plenty of opportunities on offer, as well as mediums to find those opportunities.

• YouTubing

Youtubing turned out to be one of the innovative ideas for students during lockdown. It is not only students and the younger generation who started youtubing during lockdown, but also people from all walks of life who liked sharing their creativity with a wider audience online. Many people are opting for the YouTube marketing small business idea scheme and have started using the immensely large platform to earn a running revenue from it. YouTube videos are catching up and are now a household commodity for people sitting idle at home and having much time in their hands. This allows people to make fun and entertaining videos, gardening and agriculture, dancing and other arts, designing, cooking, and much more to make their videos and publish them on YouTube. The number of like sand subscriptions can help them earn quite a bit from this medium. It is not only the individual creators who are leveraging youtube to market themselves and show their content, but also businesses using the youtube platform among several other online platforms to market their products and services.

• Blogging

This is a good opportunity for people to put their ideas and thoughts across to the public, giving them a better perspective on various topics. This is generally helpful for people who love writing and who have the nag of it. A blogger reaches a good number of people and can earn quite well through sponsored and affiliated posts and ads.

• Website Development

Everyone is not a tech0savvy person, and it may take them ages to have hands-on expertise using technology. This is where the professionals or people good with their technological skills enter and can help the ones who have to start up with fresh work. Even the ongoing business that has shifted from physical marketing towards online marketing would need service regarding website planning organizing and updating, thus giving the designers and developers a fair share of earnings and profits. Since many businesses are moving online, there have been plenty of opportunities for the website developers. One can market themselves as a website developer and leverage freelancing platforms to find clients looking for website development services. Based on the experience level and the final website, the developers can charge a handsome fee for their services. This is a lucrative option, however one should possess necessary skill to take advantage of the available opportunities.

• Art and Craft/ Homemade manufacturing

Even housewives who were initially sitting idle at home, have now thought of contributing towards the earning of the family by transforming their talents and skills into business ideas. Men and women are into handicrafts, making handmade designs for clothes, toys, food, even pickles, or they have tried their luck in art and craft and are outselling the same strategically and technologically to the demanding public. These home businesses are on the rise, and there is no stopping to convert the inborn talent into a bright business opportunity. Also, considering the fact that now apart from offline markets and stores, the online marketplaces have gotten exposure and traction in the Indian market, you can sell your products to a wider audience throughout the country. The online platforms are easy to use and offer transparency in pricing and sales. If they have several offerings which people would like to buy and the pricing is right, they can see an exponential rise in their sales figures.

• Selling Health care necessities.

Mask, sanitizers, and medical products are much in demand and don’t seem to end soon. One can initiate a business idea considering the same getting in contact with retailers, wholesalers, and local vendors for proper sales and distribution. Many big companies have shut down their previous businesses and have entered into the same market-making loads of money from it.

• Door to Door delivery

Courier service or door to door delivery of valuables like grocery, medicines, or other relevant thigs is also a good initiative. With the fear of COVID 19, many people don’t take the risk of stepping out of their comfort zones and expect everything to be delivered to them at their doorstep? Taking necessary precautions, one can easily initiate this business.

• Cab service

Lockdown has imposed many restrictions on commuting and transportation service, looking at the same crunch and converting it into a good business opportunity one can make a good amount of money by starting a cab service for people who want to travel from one city to another for work or personal reasons. There will be less negotiation and bargaining, because they don’t have a better option.

• Food Service

India loves food! We’ve seen a flurry of startup ideas for Indians in the food ecosystem. Everyone seems to have evolved as a great cook during the lockdown. It has given them immense time and opportunity to try different recipes and spend quality time with their families, relishing new food items and options with never-ending new concepts. Many people have taken this hobby professionally, and there is a huge demand in the market for healthy, nutritious food, which can satiate their taste buds.

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Business Ideas After Lock Down FAQs: