What business to adapt to the current situation of the pandemic spreading widely? What solutions can bring profits? This is definitely a common concern for all business investors. In this article, we bring you some great business ideas. Besides, we will also reveal effective solutions to ensure high profitability in business. Let’s explore together.
The situation of the pandemic in Vietnam and around the world
The Corona virus first appeared in Wuhan at the end of 2019. Until now, nearly two years have passed, and the virus has spread worldwide with challenging variants. Some developed countries have successfully produced vaccines, and vaccine coverage has quickly expanded.
|What business in the complex pandemic situation?|
In Vietnam, fortunately, in 2020, the country and its people united to fight the pandemic. Therefore, the situation in our country is much better compared to the world. However, in 2021, when the Delta variant became dominant, Vietnam also faced the devastating impact of Covid.
Ho Chi Minh City is the most affected area. Moreover, almost all provinces and cities in Vietnam have reported infection cases. In the second and third quarters of 2021, Vietnam faced closures, social distancing, and economic stagnation. People faced life-threatening dangers, unemployment, and hunger.
All business activities could not continue. The number of small and medium-sized enterprises declaring bankruptcy is exceptionally high. It can be said that the situation is extremely dire and urgent. However, the government and people remain calm and united, believing in a brighter future.
By October 2021, the pandemic situation in Vietnam had passed its peak. The majority of the population has received the first dose of the Covid vaccine. The economy is recovering and gradually regaining strength.
|Covid 19 is a major and dangerous global pandemic|
What business in the context of the pandemic?
A new issue has emerged in the field of business and trade: how to make businesses sustainable, resilient, and adaptable. The proposed solutions are:
- Optimize business processes to adapt quickly to inevitable changes.
- Change the business focus to meet customer needs. Identify businesses that customers are always willing to buy from.
- Use advanced technology and techniques to enhance business productivity.
- Change marketing strategies, sales approaches, etc.
- Choose business models that can optimize investment capital most effectively and efficiently.
Considering these factors, we can deduce some business sectors suitable for the pandemic period:
- Business of essential goods such as food, groceries, medicines, household items, etc.
- Online electronics and services for remote learning and work.
- Insurance business and health protection products.
- Fitness equipment and at-home massage businesses.
- Beauty-related businesses. The demand for beauty services from women is always high.
In summary, during a time when people have limited physical interactions and mainly live and work at home, it is essential to choose the most suitable products and business models. Moreover, business owners need to have flexible strategies and adapt quickly to specific situations.
Great business ideas
To provide readers with a clearer view, we have compiled and listed some excellent business ideas for the new era:
|What businesses should be chosen during the pandemic?|
- Business solutions: Implementing digital marketing, selling products and services online.
- Education: Online tutoring, virtual classes, and workshops.
- Health and wellness: Health supplements, immunity boosters, fitness equipment for home workouts.
- Online retail: Selling products through social media platforms or e-commerce websites.
- Remote work tools: Providing tools and software for remote work and virtual communication.
- Telemedicine and healthcare services: Teleconsultation, home healthcare, medical supplies delivery.
- Home entertainment: Digital content for online events, concerts, or shows.
- Cleaning and sanitization: Specialized cleaning services for homes, offices, and public spaces.
- Personal care and grooming: At-home beauty and grooming services.
- Virtual events and entertainment: Online events and shows for people to enjoy at home.
Remember, these ideas can potentially bring profits during the pandemic. However, carefully consider the local market demand, target audience, and available resources before starting any business venture. Additionally, implementing effective digital marketing strategies, as mentioned in the article, can significantly contribute to the success of your business in these challenging times.