Thriving businesses in times of coronavirus.
Last week, we addressed how the coronavirus pandemic has affected the economy both in the US and globally. We also spoke about its impact on the small business industry and the entrepreneurs. Many of them found themselves in a logjam. Yet, individual businesses have managed not only to stay afloat but also to thrive and grow. In many cases, consumer interest skyrocketed, provoking spikes in sales and services. Some of these businesses will remain even after the pandemic is controlled.
This week, we would like to focus on thriving businesses in times of coronavirus.
Some of them were simply Johnny-on-the-spot. Their products and services became essential during the times of outbreak, confinement, social distancing, and recovery. Others managed to thrive because they were resourceful enough to change their strategies and reshape the focus of their business.
The pandemic put the world at risk. The measures taken by governments to control the infection took a toll on both big and small industries. It took a lot of courage, drive, and imagination for them to find ways to thrive through a health crisis.
Thriving businesses in times of coronavirus.
The US Chamber of Commerce offers a list of 15 small businesses that managed to thrive during the pandemic. In a scenario that has seen many companies take a nosedive, others have managed to bloom.
Cleaning services
The outbreak increased the demand for professional cleaning services to sanitize spaces like offices, business locations, and houses. Commercial buildings and medical facilities also started demanding such services, which led to a growth in business. Of course, safety measures were strict: the health of workers and clients and the reputation of the company were at stake.
Delivery services
Fear of contagion, lockdown, and shelter-in-place measures forced people to stay home. Delivery services were the best choice for those who could not or did not want to leave their houses. Although big delivery companies have benefited from this, small local delivery services also experienced growth because of the high demand.
Drive-in movie theaters
According to the US Chamber of Commerce: “One of the most peculiar small business categories that have recently seen success in the coronavirus era is drive-in movie theaters. People can watch a show from their car and provide a way for families to get out of the house.
Owners of drive-in theaters in California, Kansas, Oklahoma, and Missouri all told the Los Angeles Times recently that business had increased in light of coronavirus. While it’s not clear if these drive-in theaters will remain open as many “non-essential businesses” are closed, the coronavirus crisis may reinvigorate these types of businesses in a new period where keeping your distance is encouraged.”
Grocery stores
The social distancing measures included a lockdown for restaurants everywhere. People who were used to eat in restaurants started stacking up on goods to be able to have a good meal at home. Disregarding the size of the business, grocery stores saw an increase in the demand for their products. Also, people have learned their lesson: they will try to have enough groceries at home for this type of emergency.
Liquor and wine stores
The closing of many bars led people to “build” their own at home. That is, stacking up on wine, liquor, and rum to make cocktails, sip or simply have a shot or a nightcap. Although high alcohol consumption is never recommended, a drink every now and then has proven to be effective in dealing with stress. Interestingly, liquor was also useful for making hand sanitizer because of the alcohol contents.
Meal prep delivery services
Those people who did not want to spend too much time in the kitchen and had to stay at home during the pandemic were the main clients of this type of service. Others who had to work remotely and had to deal with children at home found it very difficult to get to cooking as well. As a result, meal prep businesses, whether big or small, saw a significant surge in their demand. This will probably be a trend even after COVID19 is gone because some people who had never used such services before might become clients.
Canned and jarred goods companies
There is no secret for anyone that canned and jarred goods transmit a sense of sterilization. This increases the level of trust consumers may have, and this causes a high demand. Also, canned food lasts much longer than fruit, vegetables, or meat. As long as you keep an eye on the expiring date, it is genius to stack up and store it for a rainy day. When the pandemic struck, some grocery stores had shortages in supplies and canned and jarred products came to the rescue.
Board Game makers and sellers
Confinement led to family time. Many of the people who are parents today grew up without the privileges of cell phones, internet, social media, or Netflix. For many, it was time to remember some of the adventures they had as children. Board games do foster family and friendship bonds and make people relax and enjoy while spending time together. For the more modern type of consumer, video games—mainly the online ones—became a way to escape the realities of quarantine and also interact with people.
More thriving businesses in times of coronavirus.
However, these small businesses are not the only ones making it through this challenging moment. There are other types of companies that are adapting, reassessing, and some even starting as solutions for the everyday problems people face amid the crisis.
Scrubs, gloves, face masks, etc.
The need for protective gear for medical staff and people doing risky jobs is permanent. As concerns over the disease increased, people not related to the healthcare system also started using protective gear. Also, some of the businesses that remained open started needing gloves and face masks. Some people will prefer a beautiful looking mask, and will thus pay more money to look cool while protecting themselves.
Wellness
Okay, maybe some people were not inclined to put perfume on. But what if these manufacturers are offering them something else, something they need, like say, hand sanitizer. Hand sanitizer sales skyrocketed during the first stages of the pandemic, and there is still need. As countries begin to reopen, people have incredibly altered their daily routines, and that includes what they carry when they leave the house. For those who did not have a habit of packing hand sanitizer already, now they do. Businesses that deal with the public directly also need this product. At the same time, some clients will pay more money for a locally-sourced hand sanitizer that is exclusive and on fashion.
Fitness gear and instructors
One of the main concerns was precisely the lack of exercise and physical activity. Others were worried about how obesity could impact their health if the virus struck them. So, fitness instructors and people selling fitness gear had a lot of attention these past few months. For the instructors, given the social distancing measures, it was possible to do their sessions online.
Online book stores
A book is, without question, a great friend. Reading a good book has always been useful for relaxation. It has a good effect on people in both their intellect and their mood. In times of pandemic, reading has become a favorite even for those who thought it was a lost habit. People are reading more. Books are being massively purchased either in digital format or in print.
Therapist
Days, weeks, and months in a lockdown can bring very worrisome side effects. Those might include depression, anxiety, mood swings. So, therapists and counselors became more sought-after. Either by phone or video chat, even group sessions can be carried out on video conference calls.
Final thoughts about thriving businesses in times of coronavirus.
Businesses that have less interaction with clients and whose goods or services became crucial during the pandemic are going to succeed. Online entertainment has seen a peak in consumer interest and consumption as people are home. Protection and safety have also skyrocketed, along with the substitutes for daily leisure activities such as restaurants, cafés, and bars.
However, they are not the only thriving businesses in times of coronavirus. Success will always depend on how well they market themselves, how well they understand people’s needs to meet them, and how well they follow safety measures. The latter is arguably the essential key to success for any small company right now. Some business owners and entrepreneurs have refused to let the pandemic defeat them, and have found alternatives to stay afloat. They are thriving in times of coronavirus.
As long as your business understands the importance of following protocols, you will succeed. Your reputation as someone who values the safety of the clients will be as high as the reputation of your service.
You will get more clients and make more money.