The pandemic has hit many industries hard. It’s only relatively recently that some of these industries are recovering. However, it seems that some business models are impervious to such a calamity. Some of these business models also seem to thrive from such a disastrous event.
In this article, we will be looking into some pandemic-proof business models pandemic-proof, meaning it has not affected these businesses at all. They are a smart choice if you want to start your business this year without any risk.
Residential Leasing
If there is one thing we’ve learned from the pandemic is that home prices will continue to soar until the economy has settled.
There is a huge need for homes right now, but this colossal need has translated into increased home prices. People are combating this by waiting for the storm to settle. They are doing this by renting residential homes for their families, increasing the need for residential leasing. This makes residential leasing one of the best business models to start this year.
Don’t think you can’t start this business because you don’t have any starting funds. Feel free to contact local mortgage companies to get started. These companies should help you get the money you need to start your residential leasing business. They can even give you tips on how much you should ask your tenants and how you can finance the money to pay for your business mortgage.
However, it’s always good to start this kind of business with a decent amount of money. This is because you don’t have to pay for any debts, and any income you can get can improve your business. But a loan is always good because it’s much safer than putting your money at stake.
Digital Marketing
Marketing is an essential service during this pandemic. It’s how companies continued to thrive despite the drought many other businesses are experiencing. Being able to stand out on the internet is a huge plus and can quickly drive sales if done right. This makes the business model of digital marketing impervious to any calamity. As long as the internet exists, there will be companies that will market themselves.
The digital marketing industry is worth over $300 billion, and about half of that amount is earned in the U.S. market alone. Many huge companies dominate the market, but that doesn’t mean that small companies don’t get a fair share of the billion-dollar pie. One of the greatest things about this kind of business is that anyone can start it, given that you have enough creativity and knowledge about the industry.
Do your research about digital marketing, get a loan, and start this pandemic-proof business today.
Graphic Design
Because digital marketing is such a huge deal worldwide, graphic design is growing alongside it. This market alone is earning billions of dollars despite the pandemic, and so many freelancers are flocking into this market in hopes of earning their fair share.
The best part about graphic design is that you don’t necessarily need to build a company to succeed. Some graphic design companies have only one employee taking in multiple projects at a time. They can always hire a freelancer if they need help with a particular project. This makes the wages the least of their problem. Furthermore, this makes them highly flexible to any changes that might happen in the market.
To start a graphic design business, you only need to invest in a decent computer. The remaining of your funds can go into marketing your business to the world.
App Development
Lastly, we come across app development. The app development industry has been booming ever since smartphones were introduced to the world. It seems that this business model is a staple model that new entrepreneurs follow because regardless of the circumstances, people will still need apps to make their life easier.
Much like graphic design, app development can be done by one person. However, this depends primarily on the app you’re trying to develop. If it’s a complicated app, you might need a team of freelancers to help you out. But they don’t have to become full-time employees. They can be hired on a per-project basis. Once again, this is one of the main reasons why such a market can survive the pandemic.
The rate you can earn your income is also much stable in app development than in graphic design. However, it does take a much longer time for you to develop an app. But it’s worthwhile once you finish a project.
These are four of the best business models you can start this year. They are particularly safe choices that can earn you a decent income this year.
