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5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics - Business (5) - Nairaland

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Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by charlsecy(m): 7:52pm On Apr 06, 2020
Samchelsea:
I thought you would mention "food stuff business" after health care considering the amount of food people consume now.
Not exactly. People didn't increase their consumption, especially in the face of a dwindling income. People, who could afford it, stocked up before the lockdown, so they're not now buying much.

I heard the price of a basket of tomatoes fell to N3,000 from N9,000. I have bought white star apples and bananas during this period, and they were cheaper. The 2 fruit sellers were close to Onitsha Main Market, and being that the market was shut, there was a very low human activity and traffic, which definitely would mean poor sales for the fruit sellers.

2 Likes

Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by ZaOzaRoom(m): 8:02pm On Apr 06, 2020
No online dating
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by don4real: 8:07pm On Apr 06, 2020
wizkidblogger:
Number 1 is p*orn. websites

Those guys are cashing out madly now oo grin

I am very surprise why it is not among the top 5
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by sucess01: 8:33pm On Apr 06, 2020

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Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by sucess01: 9:10pm On Apr 06, 2020
Technology is key

1 Like

Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by KCode: 9:32pm On Apr 06, 2020
This is to show that whatever has disadvantages also has advantages.
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by grandlexuz(m): 9:32pm On Apr 06, 2020
Lamanii22:



Maybe I skipped that part.... Pardon me...

Hahahaha...You are pardoned....

1 Like

Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by vickydevoka(m): 10:02pm On Apr 06, 2020
iretemide:

I am an whole saler too, the people I am talking about are the ones processing cassava to Gari.
U are rite o
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by yinkbell: 10:28pm On Apr 06, 2020
"This is highly insightful. Stay home is a blessing in disguise. I am learning a free Spanish course for a Month. You can learn any European language.
Sign up with babbel.com. They are offering a month free course to compensate students amidst this COVID-19 pandemic.
The free course ends by May first this year. CIAOS.
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by sucess01: 10:31pm On Apr 06, 2020
A good time to learn web design from home


check my signature
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by Arobagger: 11:51pm On Apr 06, 2020
since this lockdown my betking shop sales has greatly increased; people now play virtual like no tomorow. Thou i open secretly(make hunger for no kill pesin) we now have rules, like the distance to each other, availability of enough saniterzer and free nose mask, because we have enough computers we log in to acct for costomers to serve them self, thou police and task force has been patrolling the area we close and reopen later. Abeg men got bill to pay. I know what we are doing is wrong but the government is nt helping matters.

1 Like

Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by twnklshop: 12:28am On Apr 07, 2020
INSTANTCASH345:
Not true...

The only business thriving now is Bitcoin trading...

Argue with your keyboard... see how


Time to trade Bitcoin & get some good profits.
Exchange rate now #397 to $1 for Bitcoin selling.
Sell $100 and get #39700.
Trade with me as well and get weekly profits from returns.

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I made 50 euro profits last week & I have been making it weekly with just 500 euro capital.Quote post to start investing now.

Bitcoin is the crypto of criminals, by criminals and for criminals. https://inpholine..com/2020/02/the-rainbow-currency-yem-more-valuable.html?m=1
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by Awoleesu(m): 8:19am On Apr 07, 2020
HyzExcellencee:
5 TYPES OF BUSINESSES THAT ARE THRIVING DURING COVID-19 PANDEMIC by Chinedu Nnawetanma

The Coronavirus Pandemic has hit the world economy like a ton of bricks. Countless businesses across various industries have practically shutdown or are operating at fraction of their full capacity as a result of the restrictions on movement imposed by governments around the world to curtail the spread of the virulent COVID-19.

The International Monetary Fund (IMF), through its Managing Director, Kristalina Georgieva, on March 27 confirmed that the global economy has already slipped into a recession. Also, the Organization for Economic Co-operation and Development (OECD) cut its GDP growth forecast for global economy for the year 2020 to 2.4%, the lowest rate since the 2008-2009 financial crisis. At the national levels, the United States, United Kingdom, Italy, France and Malaysia are just a few of the countries that are almost certainly headed for a recession.

However, not every business has been negatively impacted by the global pandemic. Businesses in certain industries are actually thriving amidst the COVID-19-induced economic downturn. Changing lifestyle and business patterns occasioned by the restrictions on movement in various parts of the world means that people are now forced to spend much of their time indoors and engage in indoor and online activities, albeit temporarily. This has opened up a window of opportunity for online-oriented businesses.

Below are 5 peculiar industries that are currently witnessing uncommon growth in a recession-hit global economy.

1. Healthcare: It goes without saying that this is a boom period for businesses in the healthcare industry and its value chain. A lot of medical products and services are in high demand, such as surgical masks, hand sanitizers, disinfectants, vitamins and supplements, home healthcare and medical supplies, with many healthcare companies struggling to meet demands. Though saving lives is paramount in times like this, that has not stopped healthcare companies from smiling to the bank.

2. Social Media: Social media consumption has risen sharply across the world since the onset of the coronavirus crisis. According to a survey by the London-based market research firm, Kantar, in 30 economies between March 14 and 24, instant messaging giant, WhatsApp, has seen a 40% increase in usage due to the COVID-19 pandemic. Similarly, social networking platform Facebook has witnessed a 37% bump in usage since the crisis began.

Thanks to the ubiquity of the digital media, people are now discovering and leveraging novel ways of staying in touch with friends, family and colleagues; keeping abreast of happenings within their locality and around the world; and combating boredom amidst the lockdown.

3. Telecommuting: Organizations, including businesses, government agencies and religious bodies, have been forced to modify the way they operate in order to simultaneously keep their employees safe and ensure that their operations do not grind to a halt during the pandemic. More people than ever before are now working remotely. This phenomenon has elevated telecommuting platforms once considered luxuries to bare essentials of the work setting.

While stock markets have crashed and sent shares of travel and logistics companies like Uber and Lyft plummeting, the valuations of telecommuting companies like the video calling app Zoom have skyrocketed. The estimated net worth of Zoom's founder, Eric Yuan, has increased by more than $4 billion since the start of the coronavirus crisis.

4. Gaming: The entertainment industry generally is among the worst-hit industries in the coronavirus crisis. Movie studios have suspended production, sporting events have been cancelled, cinemas are shut, advert revenues for TV companies have dried up and streaming services like Netflix are struggling to churn out new content that will keep their subscribers engaged.

But the surge in demand for home entertainment has particularly benefited one niche business in the entertainment industry: online video gaming. US telco, Verizon, revealed in a recent report that video gaming traffic on its internet network during peak hours has spiked by as much as 75% since the shutdown in the United States began, and similar figures have been reported by other sources across other gaming hubs around the world.

5. E-learning: For many, this lockdown is an opportunity for self-improvement. And they have seized it to develop their knowledge and expand their skill set by taking online courses in software development, cooking, makeup, fashion design, foreign languages and entrepreneurship, among others. Parents have also enrolled their children in online academic programs while waiting for schools to resume.

All in all, apart from businesses in the healthcare industry (for obvious reasons), the biggest winners – for the lack of a more somber term – here are online-based and online-oriented businesses. A key takeaway for entrepreneurs during this economic gloom and doom should be the need to embrace the digital economy.

by Chinedu Nnawetanma
IG & Twitter: @Chinedugn

https://nairametrics.com/2020/04/04/five-industries-that-thrive-in-covid-19-downturn/

6. Foods and Agribiz: Actually, this should rank next to Healthcare.
With the roll out of stimulus packages, relief materials and lockdown supplies (whatever you choose to call it), anyone in the Food/agriculture business as well as wholesale in foods and groceries are in good times too now!
In fact, besides the bulk purchases made by governments and donor groups/agencies, if there is anything every household considers a priority now, it is Food!
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by UNRULY(m): 8:26am On Apr 07, 2020
INSTANTCASH345:
Not really true... The only business thriving now is Bitcoin trading...

Time to trade Bitcoin & get some good profits.
Exchange rate now #397 to $1 for Bitcoin selling.
Sell $100 and get #39700.
Trade with me as well and get weekly profits from returns.

I need just 10 people to join me with 200 euro each to get massive monthly profits from trading. Each investor will get as low as 100 euro profit at the end of each month guaranteed.

I made 50 euro profits last week & I have been making it weekly with just 500 euro capital.

Quote post to start investing now.

If you keep waiting for the govt to send you palliative during this period,then you are on a very long thing.
pls I will like you to enlighten me on this topic. WhatsApp 08134850903
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by galaxy2020(m): 12:22pm On Apr 07, 2020
vickydevoka:

Buh recharge card is not profitable at all especially her in jos
You mean people in Jos do not use recharge cards?
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by Nwaonyishi69: 4:46pm On Apr 07, 2020
Pornography also follow o
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by harrylite: 5:02pm On Apr 07, 2020
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Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by hustla(m): 5:31pm On Apr 07, 2020
CokeBar:


Lol, AADDS, do you have experience working with Azure?

I used to support it.



.
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by CokeBar(f): 5:56pm On Apr 07, 2020
hustla:



wink

Oh Yeah, I support Azure

Can We DM?

Would love to share ideas and learn a few things

A part of me thinks you used to work at TekEx

Btwn, werent you the one who got a remote job and .....

Azure
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by hustla(m): 6:13pm On Apr 07, 2020
CokeBar:


I stopped supporting Azure over a year ago... trust me I can't remember anything... lol

Hahah, there's really no idea I can offer... lol!

Yea, same person... it's pretty much on my profile.


A year ago, a lot has changed since then.
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by CokeBar(f): 6:14pm On Apr 07, 2020
hustla:


Hmmmm



wink


Lol, Google can definitely do that for you
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by hustla(m): 6:41pm On Apr 07, 2020
CokeBar:


Identity...

Lol, Google can definitely do that for you




Google doesn't answer all things straight to the point though.

grin
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by CokeBar(f): 7:46pm On Apr 07, 2020
hustla:



Hmmm. Identity and Acct Mgt

Google doesn't answer all things straight to the point though.

grin

Lol, what are your questions?
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by hustla(m): 7:57pm On Apr 07, 2020
CokeBar:


Lol, what are your questions?
.
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by CokeBar(f): 8:29pm On Apr 07, 2020
hustla:


I need to


In Upwork
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by hustla(m): 9:01pm On Apr 07, 2020
CokeBar:


I

oh wow, thought you left there.?
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by CokeBar(f): 9:07pm On Apr 07, 2020
hustla:


Jobs arent that diversified


Ok
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by hustla(m): 9:08pm On Apr 07, 2020
Okay, I have removed most of the quotes and maybe I'll PM you instead. Edit quotes for me too

wink

CokeBar
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by CokeBar(f): 9:14pm On Apr 07, 2020
hustla:
Okay

wink

Cokebar

Sounds good!

Okay, I will.
Re: 5 Businesses That Are Thriving During Covid-19 Pandemic - Nairametrics by perp(f): 9:49pm On Apr 07, 2020
Op, you left casket

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