6 Simple Businesses You Can Start During the Coronavirus Lockdown

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The coronavirus pandemic has caused irreparable damage to many people. In the United States, for instance, data shows that more than 16 million people have filed for unemployment benefits in the past three weeks again. The same is happening in other countries. While this is bad, the reality is that this is also the best time to start a business. Let us now look at the best businesses you can start with little or no money.

Book Publishing

Spending a lot of time at home can be a boring thing for most of us. However, it is also an opportunity for you to start a book publishing company. This can take several forms. For example, you can start an educational book series targeted at students. Similarly, you can start a company that publishes non-fictional materials like forex and cryptocurrency investing.

The benefit of doing this is that many people are currently staying at home and have a lot of time to read. Also, you don’t have to handle the logistics of book marketing and shipping. You can use Amazon to sell the book in hard or soft copy format. If you don’t have a bank account located in the Amazon marketplaces such as US, UK, China, and Germany, you can use any of these virtual bank accounts to receive money from your Amazon sales faster and cheaply.

Online Training Company

What are you good at? You can start an online company to teach people whatever you are good at. For example, if you are good at mathematics, you can teach students about mathematical concepts. The same is true if you are good at forex trading, cryptocurrency investing, entrepreneurship, and cooking.

Fortunately, you don’t need a lot of investments to achieve this. You just need a good and quiet room that is conducive. You also need a good internet connection, a fast computer, and a microphone. You also need to spend some time creating the courses. After this, you can use companies like Teachable to host your courses. The company will handle everything else including payments and marketing. Surprisingly, you can also use free platforms like Vimeo and YouTube to host your courses.

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Takeout Restaurant

This is an opportunity for people who love cooking. It is an ideal opportunity because some people staying at home may not want to cook. As such, you can start a restaurant that delivers food at their homes or offices. Fortunately, you don’t need to handle the logistics of all this because you can use the existing food delivery companies like Ulendo Eats , and Mphaso in Zambia, Jumia Food in Kenya, Homechow in Ghana and Hashmar Food Express in Malawi.

Art Designer

Another simple business you can start is art design. This is more appropriate if you have a passion for artwork. As you spend more time at home, you can create impressive arts and sell them to people through the Internet.

Fortunately, there are many platforms that can help you reach more people at no cost. Etsy is one of those companies. The company was started in 2005 and has become one of the biggest e-commerce companies in the world. You can also sell your art projects on Amazon, eBay and Saatchi Art. You can also create your art website using a platform like Shopify or Big Commerce.

The secret to your success will depend on the quality of your art works and how you market them to your customers.

Virtual Assistant

You can also become a virtual assistant to executives from around the world. As an assistant, your work will be about helping these people be more productive. Some of the work that they require is content writing, managing their diary, and booking flights. Others will also require you to read and reply to all their emails.

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As with all the above, you don’t need to spend a lot of money on these. You can create your account with Upwork or Fiverr and then apply for these jobs. You can also create your own virtual assistant brand with its own website.

Trading Floor

If you are interested in finance, you can start a trading floor. This is a place where you and a small team meet and trade financial assets like Bitcoin, currencies, and stocks. Fortunately, there are several companies that can help you achieve this. One of them is Select Vantage, which runs a brand called Day Trade The World. You create an account with them and then the company will give you its cash to trade with your team. You will be the floor manager of your operation. The company has thousands of floors around the world.

There are several factors that will determine your success in this. First, you and your team need to have some experience in the financial industry. Alternatively, you need to spend a considerable amount of time learning. Second, you need to take time in a demo account before you use your funds. Finally, you need to hire quality and dependable people in your floor.

Final Thoughts

The coronavirus pandemic has caused many job losses. Businesses have also collapsed. Fortunately, it also creates an opportunity for most people to start businesses. You can create some of the ones we have mentioned above and take part in the rebound of the economy.

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