Who is Gaining from Covid-19?
No matter what happens in the world, there’s always someone benefiting, someone winning. An easy and obvious answer to the question “who is making money from Covid19?” is the toilet roll manufacturers! Beyond that though, with many businesses forced to pause work, there are scattering of industries that will be making money from the new, temporary world around
Online Education
With schools closed and everyone indoors, online education is seeing a rapid increase in interest. Online courses and remote learning have always been available but they will surely benefit from the fact everyone is indoors now. New e-learning courses are being made quickly to benefit from this trending term. Companies are already looking to monetize the remote working environment by developing software and customer friendly software.
Streaming Services
As if streaming services like Netflix and Youtube weren’t popular enough, everyone and their cat will be joining the bandwagon. What else will everyone be doing indoors for months? Watching their favourite shows of course. Netflix recently launched an interesting billboard campaign which involved spoiling your favourite show, the punishment for venturing outside. This shows us how bold they can be, they know, even spoiling their own shows won’t result in a cancelled subscription.
Online Gambling
With the sports on hold and betting shops closing, there are an increasing number of people moving to the online gambling. At the click of a button, people can go online and play bingo, blackjack or poker. With so many companies furloughing staff, a great number will actually have more money than they otherwise would, particularly if they have activated mortgage payment holidays. When you’re not going out on Saturday night or having a mid-week meal with your partner, you will find out you have extra cash available. A great number are expected to turn to gaming to fill their free time. There are sites like Texas Holdem Questions offering poker training for as cheap as £4.99 and many will look at this as get rich quick scheme. If you do try your hand at online gambling, please remember to gamble responsibly.
Final Thoughts and Tips
As you can see, there are industries making the best of it, taking advantage of the fact that people are indoors. The best thing you can do as a business is learn to adapt to the new environment, think innovatively how you can cater and meet the demands of potential customers. Are you geared to work remotely? Can your site switch to E-Commerce? Ask questions and find answers and you will increase your chances of not only surviving this storm, but coming out the other side with a more sustainable business