Connect with us
iubh
Advertisement
Alpha
Advertisement
Hotflex
Advertisement
Advertisement
UBA
Advertisement
Patricia
Advertisement
app

Personal Finance

Top 5 businesses to start to embrace the “new normal”

Adapting to the “new normal” entrepreneurs would begin to consider new rewarding businesses to thrive.

Published

on

Top 5 businesses to start to embrace the "new normal"

The COVID-19 pandemic left millions in a state of affliction, as the world was frenzied due to lack of work and job losses. The effects of the COVID-19 pandemic have taken yet another negative turn and reality has set in.

Speculations have been made about the threatening economic recession that could very well be one of the aftermaths of the pandemic. The world economy is likely to crash, as SMEs and large enterprises are experiencing significant losses.

READ: How much are you worth in naira per hour?

However, in desperate times, people need perspective, as perspective brings calm; which is what we intend to do. We understand that in preparation for the “new normal” that the world is experiencing now, entrepreneurs would begin to consider safe and rewarding businesses to thrive in the post-COVID-19 world. On that basis, enjoy an informative article that shares the top 5 businesses to start, to embrace the new normal:

1. Online tutoring

Online tutoring could undoubtedly be regarded as a beacon of hope for many. With school closures worldwide, the right to education has been threatened; however, online tutoring seems to be a substitute for schools. As there is a rise in the number of online classes and learning platforms, online tutoring is experiencing a significant upturn at the moment. Being an online tutor is also accompanied by certain financial merits, given that online tutors earn money from the tuition or registration paid by students or the online tutoring platform. More importantly, as an online tutor, your income relies more on what you know, as you can tutor more than a class depending on how knowledgeable you are.

READ ALSO: Jumia sees competition from startups in growing African e-commerce market

2. Starting an e-commerce store

This is one of the most profitable means to make money in a world we would consider; “The New Normal”. In a post-COVID-19 world, a significant percentage of the world’s population would certainly prefer to stay “socially distanced”, till the aftermath of the devastating pandemic blows over. Hence, e-commerce stores will be preferable options for them to get their basic needs. As an entrepreneur, all you have to do is capitalize on this, is to build your brand exposure, and ensure your online store can provide those basic needs. Deliver necessities to customers at affordable prices in their time of need, and watch your fortunes grow. After all, arguably the biggest earner in the COVID-19 lockdown period is none other than Jeff Bezos, Founder and CEO of Amazon.

READ: Jumia reports N17.1 billion loss in Q2 as COVID-19 fail to boost revenue

Hotflex
Sigma Pensions

3. Online fitness coaching

Online coaching has never been anyone’s first choice to make a living. Nonetheless, it is a growing trend among youths today and quite a great way to earn income in a post-COVID-19 world. Becoming an online fitness coach is not challenging; however, getting revenue from it is what most people may find difficult and tasking. If you are looking to make money in fitness, there are quite a number of ways to do so. All the fitness trainer has to do is think outside the box; that is, the box of doing training sessions online. As an online fitness trainer, you could create a blog about your niche, sell your workout plans, sell fitness products via e-commerce etc. These are honest means of earning money as a fitness trainer, and you do not have to leave the comfort of your home.

READ: Crypto-Scammers stole $24 million worth of BTCs in 2020  

4. Freelance writing

Freelance writers are generally considered lucky in the lockdown period and are most likely to be as fortunate, post-COVID-19. This will be the case for freelance writers, and the industry at large, as all work done is completed remotely. This business, however, requires adept skill. Although, if learned and perfected, it could be a great source of income.

5. Sales of important medical preventive materials

It is only reasonable to sell essential health equipment in a pandemic. This was considered a temporary way to earn money, but many did not expect the pandemic to last this long. This translates to the higher products are in demand, the higher their value; hence, high revenue is gained from the sale of such product. Face masks, sanitizers, and medical gloves are in high demand at the moment, due to the fear of the pandemic and people’s sense of self-preservation. As such, entrepreneurs can leverage this and earn
money in a post-COVID-19 world.

Download the Nairametrics News App

Stanbic 728 x 90

Many of these do not apply to everyone, due to certain individuals’ preferences, convenience, or skillset to start any of the above businesses or run them successfully. However, it is important to find whatever suits you best and ensure that you work as hard a possible to get the best out of it and ensure that it thrives in the world we live in; a
a world that we have had to call; “The New Normal”.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Financial Literacy

Steps to take to bag international scholarships

Here are the steps you should take if interested in pursuing international scholarships.

Published

on

United Kingdom opens window of job opportunities for international students

Studying abroad gives you exposure among many other things, and that is precisely why many Nigerians have been looking for ways to study abroad. However, not everybody is privileged with the resources to study overseas and this is where the international scholarship option comes in.

If you are interested in studying abroad and don’t have enough funds, you should consider applying for international scholarships. This article lists the steps you can take to bag international scholarships but before delving into that, here are some types of scholarships available to you as an international student:

  • Location-based scholarships
  • Course or program-based scholarships
  • Sports-related scholarships
  • Research-based scholarships
  • University-funded scholarships
  • Organization-funded scholarships
  • Government-funded scholarships

Having discovered the types of international scholarships available to you, here are the steps you should take to bag any of these international scholarships.

Research: Research is vital if you don’t want to miss out on good opportunities or make mistakes during your application. Research scholarship opportunities available in your prospective college or location and be on the lookout for hidden scholarships.

Check your eligibility: Having done thorough research and discovered the available scholarship opportunities, check to see if you are eligible for them. Many international scholarships have their criteria and requirement, so you should confirm that you are the right fit first.

Get the required documents: After confirming your eligibility, you should get the necessary documents. If the scholarship requires you to write an exam, prepare for the exam, write a good statement of purpose and prepare all other documents.

Start your admission process: Some international scholarships require that you start your admission process and probably get the admission before starting your scholarship application.

Contact past scholarship winners: You might want to contact the previous scholarship winners to know what they did right and how you can learn from them.

Sigma Pensions

Apply for the available scholarships: The last step is to apply to every available scholarship.

The best way to get funds for your undergraduate, postgraduate, or PhD pursuits abroad is by applying for international scholarships. If you do thorough research, you can find fully funded scholarships that won’t require you to pay any amount. One of the essential steps to getting an international scholarship as a Nigerian is staying abreast of current information and this will require you to network with others.

Continue Reading

Financial Literacy

How to stay employable amidst massive unemployment

Here are some ways to stay employable amidst massive unemployment.

Published

on

With the advancement in technology and change in traditional job roles, the workspace is constantly changing. The recent Covid-19 crisis and its consequent economic downturn have rendered many people who were employed jobless, thereby increasing the rate of unemployment. Surviving in an ever-evolving and uncertain labour market, therefore, becomes a great deal of work which requires improved thinking pattern, continued professional development, life-long learning, and the ability to adapt.

Here are some ways to stay employable amidst massive unemployment:

1. Build your expertise

Companies and organizations are looking for individuals with ideas and knowledge that will shape the company’s growth. Learning more about your field will give you an edge over others. It will also enable you to discover new tools and strategies to adopt, that will keep you marketable and make you an attractive hire.

2. Be receptive to change and emerging innovations

Life-long learning is a habit that has to be encouraged if anyone hopes to stay employable. To remain relevant in the workforce, you need to build your competence beyond past qualifications and ideas. Receptiveness to change and emerging innovations will keep you abreast with what is in your career field.

3. Enhance your job-related skills

Landing a job is challenging. It is even more difficult during an economic downturn when companies are laying off workers. One of the strategies to stay marketable is to find ways to improve your job skills. Individuals can learn skills that align with current employability needs by taking up training and courses relevant to their career scope.

Sigma Pensions

4. Be Savvy on Social Media Platforms

The recruitment sector is gradually gaining a presence on social media. Many recruitment agencies take to social media to look for and assess prospective candidates for some job opportunities. Building a strong social media profile and network will help to build relationships with peers and potential employers. This network will increase your chances of landing a job. Building a network in career fields of interest will keep you abreast of information and opportunities in your career path.

5. Refine your soft skills

As traditional work environments are replaced gradually by remote or virtual workspaces, companies are looking for individuals with soft skills like leadership, managerial competence, creativity, time management, good communication skills, etc. Individuals looking to stay employable have to develop soft skills that will help them remain economically viable. Many organizations do not just want to hire skilled people but also self-regulated and innovative individuals able to carry out tasks independently.

6. Be Confident 

Stanbic 728 x 90

Self-confidence will make you more assertive about your skills, knowledge, and abilities. Confident individuals can communicate their ideas more eloquently and convincingly. This personality will make them stand out and portray them as relevant hands needed in any organization.

Staying employable in today’s ever-changing and competitive work environment is a process of evaluation, learning, and adaptation.

Continue Reading

  





Nairametrics | Company Earnings

Access our Live Feed portal for the latest company earnings as they drop.