COVID-19 pandemic continues to disrupt and wreak havoc on the global population. This is not the situation that any of us would have liked to be in. However, we are stuck with this and the best way to come out of this would be to grow – personally and professionally.
Since a lot of us are working from home – we are in a unique situation. Yes, we are stuck in the middle of daily chores, family, and office. But we now have more time to think about the things that truly matter to us and redirect our energies in the correct direction. This is a blessing in disguise for dreamers, coders, and introverts who now have more time in their hands, away from constant social validation. If you are one of them, now is the best opportunity to utilize every bit of your time to break the mold and put on your entrepreneur hats.
Based on our understanding of the software and services industry, these are the ripe market demands that could get more competition now
Secure and integrated video chat services
This area is ruled by tech giants and the only way to make your way is to design country-specific products and offer them to local schools and authorities with their branding. Monetization is tricky initially and would be a long haul before you are profitable. However, confidence in data security and personal branding could be a winner for many organizations.
Online tutorial platforms
Even the kids are stuck and home and without their school classes or hobby classes, parents are struggling hard. Some schools have started the online classes and if you want to enter this domain, you can create Secure and integrated video chat services. However, smaller players for the same services could be hobby teachers who neither have the dough or complexity to purchase full-fledged services.
With local markets disrupted, all the local shop owners are facing severe challenges. While a few home delivery services have come to their rescue in major cities, the coverage can best be described as a rounding error. This presents opportunities for those who could help these mom & pop shops go online – mutually benefitting from this along the way.
Local delivery services
The availability of local online stores is barely fruitful without an excellent last-mile delivery. For a lot of folks impacted by this market situation, who are good with following processes, this could be an opportunity. A similar opportunity exists for entrepreneurs who provide these services to communities through a well-knit network.
What do you think? If you have other interesting ideas that you wish to share, please add them to the comments section.