5 Opportunities for Small Businesses During COVID-19

By Christiana Ioannou

March 6, 2021

COVID-19 is proving to be one of the most challenging periods for businesses of all types, yet it is also revealing a treasure trove of opportunities for the talented entrepreneur. We have scoured the Internet looking for five solid business opportunities that have emerged because of the pandemic and we think we’ve found a list that will not only help the bottom line now but also after the pandemic has long passed.

From opening up an eShop to monetizing your talents to help other people and businesses, here are five awesome small business opportunities you can embrace during the COVID-19 pandemic:

eShop

If you are a brick-and-mortar retailer, you might want to take this time to go on ahead and open up an eShop. Even if you are not a retailer, but you have access to in-demand products or even make them yourself, you should consider an eShop. Once you get it set up it largely takes care of itself and, further, is easier to scale than many businesses with this kind of minimal capital outlay.

Affiliate Marketing

If you don’t have your own products to sell but you have an eShop or website, you can try your hand at affiliate marketing. This involves selling other peoples’ products in exchange for a commission on the total sales.

As with the eShop concept, the sky is pretty much the limit with this concept though you will have to do some extra leg work to go out there and find the best affiliate deals for your needs.

Social Media Influencer

We don’t mean posting pictures of food and your daily activities. We’re talking about curated and professional promotions of products, goods, and services that you believe in and have experienced. Influencer marketing is one of the fastest-growing segments in the professional promotions space, and it is one of the most lucrative as a result. From generating blog posts to videos and relevant social media posts, social media influencers do the jobs of a pitchman, a spokesmodel, and a corporate rep – all at the same time.

Webinars and Other Courses

Do you have a special skill or talent that you could teach others? Webinars and online courses are exploding in popularity due to social distancing and the new rules of the pandemic, but it is a trend that is expected to continue well after this has passed. Aside from being extremely lucrative, webinars and course offerings can also be awesome lead-generation opportunities for your business or other endeavors. In fact, it is this networking aspect of it all that is rarely touted but is so often transformational for both course participants and the lead.

Consulting

Just like with webinars and online courses, consulting allows you the opportunity to share your expertise and talents with the wider world. The secret to this space is positioning yourself as an expert, demonstrating how you can add value to a firm, then executing on the advice you offer.

eShop

Affiliate Marketing

Social Media Influencer

Webinars and Other Courses

Consulting

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