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  • - 10 industries that are booming due to coronavirus.

  • Now, there's no doubt coronavirus

  • is affecting many, many, many businesses around the world,

  • and most businesses are suffering,

  • but there are a number of industries that are booming

  • due to the coronavirus.

  • Now, why do you want to be aware of these industries?

  • Perhaps this video will give you some perspectives

  • and some insights on how you need

  • to modify your business model, how you want to pivot,

  • or maybe you want to start a business after this is over

  • or you wanna start a business during the crisis

  • because you see an opportunity.

  • You could do that as well.

  • So here are the 10 industries that are still booming

  • due to the coronavirus.

  • Industry number one, e-learning.

  • So many people are stuck at home

  • and a lot of people now, they're starting to think about,

  • okay, the jobs that that I used to have,

  • they're no longer there.

  • What do I need to do?

  • What new skills, what new knowledge do I need to acquire

  • in order to equip myself in order to find a job

  • because most of those jobs may not be available anymore.

  • Business owners, entrepreneurs, we are also thinking about,

  • okay, what new insights do I need?

  • What help do I need to modify or pivot my business model?

  • I need to do something so people are seeking

  • learning opportunities, especially learning opportunities

  • from home that they don't have to go somewhere,

  • they don't have to go to an event necessarily.

  • That they could learn just from their computers.

  • So e-learning is huge, and a lot of students

  • are learning from home.

  • A lot of them are learning just virtually.

  • This will create a new behavior.

  • After this a lot of students, a lot of people will question,

  • do I actually need to go to school?

  • Will going to school, getting that degree,

  • will that even prepare me for the future?

  • And now the world has changed so dramatically

  • in a short period of time.

  • Industry number two, medical products.

  • Anything that is related to curing

  • or preventing the coronavirus.

  • We're talking about hand sanitizer, mask, right,

  • anything at all that could help people to do that.

  • Now of course there's still a huge shortage

  • of this in the world, but thinking about this

  • in the future, when this is over, when there's a vaccine,

  • when there's a cure and everything's back to normal

  • this will not be the last time we see a virus like this.

  • I hope it is, but we also have to be a realist.

  • So understanding that this might come back

  • and there might be other virus in the future.

  • So being in the medical supplies business

  • not only it is a great business to be in

  • not just to make a profit, but it's a business

  • that could save a lot of people's lives.

  • Industry number three, delivery services

  • as now we are stuck at home and the government

  • advise us to stay at home that we are ordering takeouts,

  • we're ordering delivery, we're buying more things online.

  • Delivery services are huge.

  • Even logistic companies in the right sector

  • could be booming as well.

  • Industry number four, in-home entertainment industry.

  • Of course we're talking about Netflix.

  • Of course we're talking about Disney streaming.

  • Of course we're talking about YouTube.

  • Now although on YouTube you can see a lot of creators,

  • content creators, their AdSense revenue is down

  • simply because there are fewer advertisers

  • advertising on the platform.

  • However, more people are tuning in,

  • more people are watching their content.

  • They are now building a base.

  • So it depends on the audience that you are serving,

  • but in-home entertainment is booming as well.

  • Now it is a good time especially if you are an entertainer,

  • you are a creator, now entertain.

  • People need entertainment, they need that escape.

  • Keep creating content, build that customer base.

  • Don't slow down, grab a phone, grab a camera.

  • Now is the time to connect and serve your audience.

  • Now is the time to really expand the reach.

  • Industry number five, online gaming.

  • People are bored out of their minds.

  • They want some kind of entertainment.

  • Again, they want some kind of escape.

  • It could be online gaming like casinos,

  • people now cannot go to the physical casinos

  • but they still like to gamble

  • or online gaming in terms of just playing games online.

  • That is huge as well, and it will get bigger and bigger

  • especially later on when VR is more popular.

  • This industry will be booming for many, many years.

  • Industry number six, online dating industry

  • as now people are more isolated

  • people are more lonely than ever.

  • We crave that human connection, right.

  • More people will be single.

  • Now if more people are working from home

  • there are fewer opportunities to even go

  • to a coffee shop and meet somebody.

  • Online dating will be huge, it's already huge

  • so it doesn't even have to be a dating website

  • but anything that serves that particular industry

  • will be booming as well.

  • Industry number seven, software, especially software

  • that helps people to connect or work remotely.

  • Skype, you have Slack, you have Zoom.

  • Anything that helps other people to connect

  • and communicate better, that kind of software

  • will always be booming.

  • Any software that helps people to start online business.

  • Those business would also be booming as well

  • so don't overlook, think about how you can serve

  • that particular market because people's buying behaviors

  • are changing, they are developing new habits.

  • Things won't be the same after the coronavirus is over.

  • Industry number eight, supplement industry.

  • The supplement industry's always big,

  • but now with the coronavirus

  • people are more health-conscious.

  • People are living more fearful.

  • They want to make sure

  • that they have a strong immune system.

  • They want to take care of their body,

  • wanna take care of their own health.

  • So people are taking more vitamins.

  • People are taking more supplements, right,

  • to make sure that they are strong

  • that they could protect themselves.

  • And now not just they are buying supplements for themselves

  • but also buying supplements for their family.

  • So the supplement industry is also booming as well.

  • Industry number nine, supermarkets.

  • Now, this is very, very obvious

  • as people are stocking, right, overbuying a lot of food.

  • Groceries, supermarket is absolutely booming.

  • They're getting more sales.

  • In fact, they are running out of stocks.

  • People are buying more than what is needed

  • because out of fear, so supermarket also booming industry.

  • Industry number 10, now this may not be

  • a very glamorous industry but that is the cleaning industry.

  • Offices, hospitals, homes.

  • Now people are, again, living more fear-driven.

  • They want to have a cleaner place.

  • They want a sanitized place so they make sure

  • that they want to hire a higher quality group

  • of professionals to help them clean their places.

  • So cleaning industry is also booming.

  • So these are the industries that are booming

  • due to the coronavirus.

  • What we have to understand is this.

  • Either you want to be in these industries or you want

  • to think about how you can serve these industries.

  • Or you wanna think about how you could change

  • your business model because one thing that we do know

  • is that things are never going to be the same.

  • People will buy differently, people will shop differently,

  • people will spend their money differently.

  • Their priorities will change.

  • As an entrepreneur it is your job to see

  • what are some of the problems in the marketplace

  • that you can solve and only you could solve.

  • Don't get too hung up on your existing business model.

  • We all have to pivot and protect and preserve what we have.

- 10 industries that are booming due to coronavirus.

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