5 Profitable Small Business Ideas to Explore After Lockdown

The advent of the COVID-19 pandemic has had irrevocable repercussions across the world. Economies have tanked, leading to a sharp rise in unemployment. In India, within just two to three months, large corporations, mid-sized companies and (especially) small start-ups have had to let go of a lot of employees. Just like that, thousands of employees either lost their jobs or were put on unpaid leave indefinitely. Owing to the recession-like climate in the country and the total loss of job security, everyone is now focusing primarily on increasing their savings. Those who have lost their jobs have turned to small business to keep their family afloat. Right now, starting a small business is the only way to earn some money for most people. Even if you don’t have enough money, you can always take out a low-cost personal loan. Here are five profitable business ideas you can explore after the lockdown is over:


1.    Internet Infrastructure Provider

Right now, the importance of seamless and robust internet connectivity cannot be understated. Due to the COVID-19 pandemic and the ensuing lockdown, most companies have instituted WFH for its employees. Without fast and seamless internet, you won’t be able to work from home effectively. Slow internet will inevitably affect your productivity. However, it’s not only urban India that needs reliable internet. Many rural parts of India lack secure internet connectivity, even though there are several providers to choose from. Thus, starting an internet infrastructure company is a great idea. For the initial capital, a low interest rate loan will help you get the required funds.


2.    Last-Mile Delivery Solutions

It is no secret that providing delivery services in rural parts of India is still a challenge for several shipping companies. Many towns and villages that don’t even have proper road infrastructure, mobile connectivity, or even electricity. They happen to be ‘in the middle of nowhere’. Delivering cargo in such parts is difficult, and this is where last-mile delivery companies can help. All you need to do is set up a warehouse on the outskirts of such far-flung areas. This way, you will help shipping companies delivery even in such areas while also saving them the struggle that comes with it. Such a company requires setting up a warehouse and a fleet of motorbikes and trucks. A low-interest loan can help you finance these requirements.


3.    Biometric Sensor Company

Today, almost everyone who works in medium-sized and large corporations knows what biometric sensors are. These nifty machines have replaced the password with your fingerprint, retina scan, or heartbeat pattern. It provides for user authentication and IT security in a safer, quicker and more convenient way. Here, the business idea would be to build a facility to make these sensors, which you can then sell directly to large corporations. The need for proper security measures in office spaces is constant, so there’s a lot of profit to be made here. If you’re short of capital, a low-cost personal loan will help you.


4.    Disaster Relief Management App

Developing such a mobile application is a great business idea, given that it is a beautiful way to help people in times of need. When disaster strikes, time is of the essence. With the help of a mobile app, you could make sure that disaster relief reaches the victims as quickly as possible. You could also send out location signals to help authorities locate the victims who are stranded or stuck. The app would require some time to create, after which you can pitch it to your local/state disaster management team or authority.


5.    Web Designing Services

While the idea of starting a web designing company isn’t exactly new, you can’t deny that the need for good website design is always going to be there. In these unprecedented times, many individuals are either looking to start or have already started small businesses as a way to earn more money or supplement their income. And what’s one of the essential things for any new venture? A great website! This is a business idea you can explore if you already have in-depth knowledge about web design and know what makes a good website.


Wrap Up

The points mentioned above are some lucrative business ideas that you can try out once the lockdown is over. Do remember to play to your strengths, since that will improve your chance of success. If you’re worried about not having enough money to start your venture, don’t fret. A low-cost personal loan from an online lender will help you get the required cash you need.

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