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Home» Questions»Q 106674
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Mike Smith
Mike SmithKnowledge Seeker
Asked: September 14, 20232023-09-14T17:40:51+00:00 2023-09-14T17:40:51+00:00In: Money & Business

Which business still does well even during a pandemic?

Pandemic is basically another economic problem that can affect the existence of most businesses. Also establishing a business in a economy facing pandemic can be hard and need an individual to carry out serious consideration and planning. How would you guys answer this question?

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8 Answers

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  1. Lens
    Lens Knowledge Seeker
    2024-06-30T13:42:21+00:00Added an answer on June 30, 2024 at 1:42 pm

    I know someone who owns a cybersecurity firm and it's doing really great, With people working from home, companies need to make sure that all their remote workers are secure. There is a huge increase in sales and clients. The Telehealth services are another business that's on the rise during the panRead more

    I know someone who owns a cybersecurity firm and it’s doing really great, With people working from home, companies need to make sure that all their remote workers are secure. There is a huge increase in sales and clients. The Telehealth services are another business that’s on the rise during the pandemic too. A lot of people want themselves attended to outside the hospital premises. It’s really a great business at that time.

     

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  2. uptrendfinancialsignal
    uptrendfinancialsignal Knowledge Seeker
    2024-06-30T13:41:47+00:00Added an answer on June 30, 2024 at 1:41 pm

    If you own an e-commerce store and it really thrive at that time as a lot of People are shopping online instead of in stores, so they are seeing a huge boost in sales. You will even need to hire more staff to keep up with demand. It's like the business is pandemic-proof. The Grocery delivery serviceRead more

    If you own an e-commerce store and it really thrive at that time as a lot of People are shopping online instead of in stores, so they are seeing a huge boost in sales. You will even need to hire more staff to keep up with demand. It’s like the business is pandemic-proof. The Grocery delivery services really does well. No one wants to go to the store and risk getting sick. Not me, that’s for sure.

     

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  3. Lens
    Lens Knowledge Seeker
    2024-06-30T13:41:19+00:00Added an answer on June 30, 2024 at 1:41 pm

    I've got someone who owns a gaming company and it's on fire becuase a lot of the people are stuck at home, they're all turning to video games for entertainment. He's seen a huge increase in sales and engagement. It's like this business suddenly turned to pandemic's silver lining. Also, the sttreaminRead more

    I’ve got someone who owns a gaming company and it’s on fire becuase a lot of the people are stuck at home, they’re all turning to video games for entertainment. He’s seen a huge increase in sales and engagement. It’s like this business suddenly turned to pandemic’s silver lining. Also, the sttreaming services like Netflix and Hulu are killed it during the pandemic becuase People are stuck at home.

     

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  4. uptrendfinancialsignal
    uptrendfinancialsignal Knowledge Seeker
    2024-06-30T13:40:43+00:00Added an answer on June 30, 2024 at 1:40 pm

    If I'm in the healthcare industry and it could be a chaos But, you will be sseeing patients and also making a lot of sales. There are lots of People who need healthcare, pandemic or not. It's like that business is very essential service. If you are a teacher will agree that a lot of school have shifRead more

    If I’m in the healthcare industry and it could be a chaos But, you will be sseeing patients and also making a lot of sales. There are lots of People who need healthcare, pandemic or not. It’s like that business is very essential service. If you are a teacher will agree that a lot of school have shifted to online classes. It’s been a great challenge at that time but they make it work. The students can learn from anywhere, and that’s a game-changer.

     

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  5. Lens
    Lens Knowledge Seeker
    2024-06-30T13:39:55+00:00Added an answer on June 30, 2024 at 1:39 pm

    I couple of guy who runs an online education platform and the are really killing it. With the schools and universities shut down during the pandemic , a lot of the people are turning to online learning. There has been a huge spike in enrollment and sales. It's like his business is the cure for the pRead more

    I couple of guy who runs an online education platform and the are really killing it. With the schools and universities shut down during the pandemic , a lot of the people are turning to online learning. There has been a huge spike in enrollment and sales. It’s like his business is the cure for the pandemic. A lot of people are resorting to online learning. That’s the only way to go during the pandemic.

     

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  6. uptrendfinancialsignal
    uptrendfinancialsignal Knowledge Seeker
    2024-06-30T13:39:30+00:00Added an answer on June 30, 2024 at 1:39 pm

    I've got a friend who actually owns a delivery service and it's really booming now. A lot of People are stuck at home and need stuff delivered, so it's a great opportunity. He's even hired a lot more drivers to keep up with the demands. It's like this business is pandemic-proof and could grow well tRead more

    I’ve got a friend who actually owns a delivery service and it’s really booming now. A lot of People are stuck at home and need stuff delivered, so it’s a great opportunity. He’s even hired a lot more drivers to keep up with the demands. It’s like this business is pandemic-proof and could grow well this time. Giving it a consideration is probably one of the best ways to go.

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  7. Abigael
    Abigael Trusted Adviser Abigael
    2024-06-27T06:05:13+00:00Added an answer on June 27, 2024 at 6:05 am

    During a pandemic, most businesses shut down as people either cut expenses, cannot afford your products or the laws of the land prohibits the opening of businesses. But there are some businesses that will keep running even amidst pandemics. One of such business is the food industry. People will stilRead more

    During a pandemic, most businesses shut down as people either cut expenses, cannot afford your products or the laws of the land prohibits the opening of businesses. But there are some businesses that will keep running even amidst pandemics.

    One of such business is the food industry. People will still need to eat no matter what challenges they are going through. Therefore, they will always patronize someone selling the food they need.

    Another business that can still strive during a pandemic is the pharmaceutical companies. They sell drugs and most people will be need of them during a pandemic. Some will buy over the counter drugs for self treatment or a prescription they couldn’t get in a public hospital.

    Lastly, online businesses can strive during a pandemic too. Especially those that don’t require you to physically deliver products, those can be restricted by pandemic curfews. But some like web design and programming that run online entirely can keep running dieing a pandemic.

     

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  8. spencer
    spencer Enlightened Mentor
    2024-06-27T05:10:43+00:00Added an answer on June 27, 2024 at 5:10 am

    If you're into provision sales, that's everyday consumables that people buy you'll definitely make money in every situation, it's important to people and they'll go at any length to get it, food business will incredibly go well too, because people need it to survive. We've seen it during Covid whereRead more

    If you’re into provision sales, that’s everyday consumables that people buy you’ll definitely make money in every situation, it’s important to people and they’ll go at any length to get it, food business will incredibly go well too, because people need it to survive.

    We’ve seen it during Covid where super markets will be dry and everthing in the food aisle has been sold, and they’re still taking home delivery, this shows how important these stuffs are.

     

     

     

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