By Uncategorized

If there was ever a time to re-strategize and make career decisions that will ensure financial stability in todays ever changing world, the time is now. Since the first human case of the coronavirus was discovered in December 2019, the world has been ravaged by COVID – 19. Businesses has been shut down, jobs lost, income of numerous families threatened and in a lot of cases lost.

The reality of the novel coronavirus has necessitated a shift to digital solutions and has led to redundancy of most human roles so we see a lot of entrepreneurs springing up every day. People are going into business for reasons ranging from job loss to creating financial security by owning their business from which no employer can lay them off and one thing this new wave of entrepreneurs have in common is little or not enough capital.

With speculations that there may well be a second wave of the virus, it is of note that when setting up a business, you must ensure that it won’t be in danger of being hampered by the coronavirus or its effects on today’s world. These are some of the businesses you can start post covid-19 with little capital.

ONLINE TEACHING: teachers in developing and underdeveloped countries are one of the categories mostly affected by the effects of the pandemic. In developing countries, access to digital learning platforms is limited and as such most teachers were made redundant while learners missed classes for half of the school year. You can advertise your tutoring skills and get prospective learners to subscribe. E- Learning platforms like Zoom and Microsoft classroom can be used to run make up classes or to provide alternative learning.  If you do not have a teaching degree, you can also tap into this business by teaching crafts, giving DIY classes online, giving voice training lessons and so much more. I know this sounds complicated but guess what, it won’t cost you a fortune to start. A good second hand laptop, internet subscription and zoom subscription are all you need to start.

DROPSHIPPING: is a business model that turns you into an online retailer without having physical stock or a physical place of business. As a dropshipper, you act as the intermediary between manufacturers/wholesalers/suppliers and consumers. To be a dropshipper, you need to set up a website advertising products from multiple suppliers with whom you have prior agreement. You will receive orders for advertised products which you will forward to the suppliers who will ship directly to the customers. In dropshipping, you are responsible for the marketing of the products on your website and as such you can add a little extra to cover costs of marketing and to turn over a nice tidy profit.  To be a dropshipper, all you need in terms of capital are a laptop, internet connection, a registered domain name and an online store.

LOGISTICS/DELIVERY: most businesses now have more online presence due to the pandemic and the traditional store system is slowly being phased out. Consumers on the other end would rather order online than take the risk of going to traditional stores when they need to procure goods. This is a win situation for delivery companies as one thing they both need is a dispatch service. Due to the pandemic, people are wary of going to the market place to buy food items so they will rather order when they could. This makes it a good time to add food delivery to your delivery business. If you cannot afford to buy a car to use for your delivery business, a motorcycle will serve the same purpose for smaller items. You will also need to be registered with the relevant authorities.

TELECOMMUNICATION: with more people moving their businesses online and with the general digitalization of traditional businesses. More data will be used and this would be a perfect time to tap into the VTU and cable subscription business. You can register with VTU companies and create a platform where people can buy data and pay their cable subscriptions.

The business ideas above are a great way to start afresh and create sustainable income post Covid-19.

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