Unique Small Startup Business Ideas

Unique Small Startup Business Ideas, Covid-19 has had an unprecedented impact not only on health and humanity but also has hit the worldwide economy at an all-time low; hitting voluminous jobs and discontinuities in several industries word wide. 

The Centre for Monitoring Indian Economy (CMIE) estimated that around 18.9 million individuals have lost their jobs during April-July, 2020 and another estimated 20 lakhs salaried lost their jobs in April 2021 in India due to the ongoing economic crisis.

63 million micro industries are operating in India along with 0.33 million small enterprises contributing to the Indian Economy while facing the economic slowdown.

Every country is functioning hard to revamp its economy while fighting with Covid-19. People are now more concerned about their life and lifestyle.

With old school business operations being curbed, and when the overall trade sector is under the hit; innovative businesses ideas and startups are venturing the market.

How should business adapt to this crisis:

Panic isn't an option; we ought to response the crisis with the new business options amidst the pandemic. Small startup business opportunities have emerged worldwide to give boost to the slowing economy.

There's always a chance to live through the recession and embrace oneself better for the change. Trades that evolve and innovate to satisfy the customer demand, while adding value to handle this crisis will stand to win. 

The sectors which may be at a bonus for the business model they possess:

1. Online Tutorials: Changing lifestyle and work from home becoming a component of our lives, online culture is getting promoted. Legion parents are tackling homeschooling while attempting to work from home.

Parents are afraid of sending their kids to places where social distancing cannot be practiced and hence the Digital Education (Smart Class) is tapping on every possible option. 

The identical goes with music teachers, gym instructors, dance instructors, coaching institutes, and much more within the list.

Online coaching system has boomed in India. Students need someone who to guide them in their assignments and tutorials. The shift in learning models has created a requirement for digital learning applications.

Get yourself attached to any institute otherwise; you will be ready to start your startup single handily with mobile & internet connections. This unique small startup doesn't require big investments or interpersonal skills. Digital media facilitate you to succeed in masses worldwide. Provide value addition so on extend the customer base. E.g. Vedantu

2. Online Shopping: E-Commerce has stupendously grown in India during this crisis.

Web shoppers have risen by 52% since the start of the pandemic & the conversion rate is up by 8.8% (as per Quantum Metric Report).

You just require a website to begin as an online startup. Ranging from your locality and gradually increasing the client base to local area and city. E.g. eBay, Amazon, Mantra, etc. 

3. Grocery, Fruits & Vegetables Delivery: The lockdowns have further boosted the online delivery culture amongst society. People prefer doorstep delivery of products, rather than buying from the stores directly.

Setting online delivery mechanism of groceries, fruits and vegetables are the new trade choice to be tried upon. Small investment with secure payments is that the plus-2 for this new startup. E.g. Instacart 

4. Food Delivery: The food delivery business in India has experienced a mammoth growth over the number of few years, giving choice of ordering food of their choice from any nick & corner of the town. During a lockdown when restaurants & food joints had to wash up their shutters, the boom in-home delivery of food was experienced.

You can start the business with only one or two food items and eventually expanding your menu list, also you must join hands together with your local nearby restaurant for food items. You merely require a phone app and a bunch of people to start with (your society or office). E.g. Swiggy, Zomato, UberEats, etc 

5. Fitness & Wellness Training: The foremost neglected thought to today’s lifestyle has become the utmost priories thought. With modernization, we all had compromised on our health and fitness to the extent that our health information doesn’t even carry respectable grades.

Society requires fitness & wellness instructors, who can guide them online because the gyms & fitness centers face a shutdown. Start taking online sessions on fitness & wellness, start with a little group of housewives or senior citizens so eventually expanding your client base.

Shoot your small fitness training videos and upload them on your social media groups. Diet plans for teenagers, senior citizens, or pregnant ladies could even be another good option.  

6. Consulting: When the world economy is on the underside and employment status is on the loom, self-entrepreneurship is that the foremost suitable choice available. Supported your training & expertise, you'll choose to become a consultant.

Consultation is in the field of finance, legal, medicine, insurance, wealth, health, lifestyle, education, cookery, sports, fitness, career, and plenty of other options to explore upon. 

7. Affiliate Marketing: Promoting third-party products or services through your medium to potential customers, thus generating sales and earning commission reciprocally is affiliate marketing. With the internet giving strength to sell products worldwide, companies choose to rummage around for affiliates who can sell their product or service at new potential markets at low cost. One just requires a website and a possible market to figure upon.

8. Insurance Industry: The insurance industry has experienced a 30-50% increase in sales worldwide. The pandemic has made people concerned about their medical expenses and financial security for members of the family just in case of casualty. The insurance industry has expanded to the extent that each person is insured.

Industry gives various options to figure upon viz. life assurance, insurance, Med-Claim, General Insurance (house to household products), Vehicle Insurance and Re-Insurance. One just has to work as a freelancer or an agent.

9. Financial Services & NBFCs: When the world economy is facing a crisis, masses are going to be stranded with less or no cash reserves. To irony, the unemployment & health issues will make matters worse. To beat these situations people would force fund flows, and manage these fund flow the demand of monetary institutes and nbfcs’ arises.

Unsecured lending would be one that folks will run after. Small or medium enterprises and unemployed individuals will regard as these institutes for his or her breathing oxygen. Get yourself enrolled with such institutes for generating business options within the market. 

10. Data Analysis: With businesses shifting to online platforms, organizations believe analysts can convert customer, financial, marketing, sales, and demographic data into professional opportunities. 

11. Leasing & Renting: Budget office spaces for corporates, startups, and commercial land are rising trade prepositions in a prevailing global scenario. Cost saving is the mantra being adopted by many organizations thus the necessity for affordable commercial spaces is at an all-time high.

12. Telemedicine: Health & health care facilities are the topmost priority of anyone. Demand for telemedicine is at its best as lockdown has forced patients to hunt healthcare whilst staying impound. The industry is demanding support for – ongoing medical assistance, customer services, and report maintenance.

The high demand for telemedicine translates to business opportunities for tiny enterprises. Small firms can provide digital support for this sector. Doorstep facilities & online consultation are experiencing a considerable rise in demand. E.g. AI-Chatbot services

13. Delivery Industry: There's a good demand for delivery services of foods and other goods that aren't available in mainstream e-commerce channels. When people value more highly, to order food and products online the surge in demand for e-commerce has overwhelmed the logistical capacities of most firms.

The supply chain management system; the new mantra for industrial growth in India. You can group with local delivery channels or create your supply chain for product deliveries. E.g. Deliveroo etc.

14. Sanitizer Dispensers: The world hand sanitizer market size valued at USD 2.7 billion in 2019 and is anticipated to grow at a compound annual rate (CAGR) of 22.6% from 2020 to 2027. 

You can either get into trading or manufacturing of “Contactless Dispensers” or “Manual Dispensers”, the identical is required at every business outlet thus its huge market potential.

15. Cleaning Service: Post pandemic, on order cleaning service, has seen a replacement high. Offices & business organizations are on an everyday check on sanitization. Health & hygiene is now a very important a part of life. One can start the profession of sanitization or cleaning with only one single app.

16. Web Development: With near 600 million active internet users within the country, there rely upon exponential growth options within the web development field. India has over 5.3 million registered domain names of which 55% are attached to a website, indicating how deep the internet has rooted into our business & lifestyle.

It’s an enormous opportunity for budding entrepreneurs and startups to cherish the business of web designing.

A low-cost small startup with exponential growth prospects.

17. Video - Making & Editing: If you've got a flair for creativity and like to experiment with your skills then this can be the glooming option as an entrepreneur. When businesses have gotten digital, there relies on a requirement of work promotion and expansion.

Not everyone seems to be tech-savvy thus the requirement of experts who can market the business over digital platforms arises and try to do one requires a medium; thus video promotion is that the best choice to be opted for. Create small documentaries, training videos, commercials, etc., as video is that the preferred format for advertising.

18. Virtual Tours:  As people are confined to their homes and fear going to public or crowded places, the demand for a virtual tour is making a replacement high. A virtual guide makes his clients visit such places over the web while they're confined at their homes. E.g. a tour to a religious place or some religious gatherings can be a lucrative option.

19. Internet & Wi-Fi: Surely the idea of each business nowadays is the internet. Sell internet packages or wi-fi setups. Every home, every organization needs internet.

20. Ayurveda & Herbal Products: With people becoming concerned about their health, this industry is gaining pace in terms of sales. Ayurveda being a part of Indian culture, the trust and belief in ayurveda products and therapies make it easy to achieve masses.

A highly competitive market; is yet productive.

Herbal juices and pastes can be sold into your network with good profit.

21. Game Maker: With people spending longer in house, the demand for indoor recreation options is increasing. Kids staying home require options to spend time & leisure with family. Thus the choice for tiny game developers’ is growing. Interactive & learning games are always in demand.

With low cost and high-value offerings, the gaming industry is anticipated to extend in partnership with other entertainment sectors. Small firms can invest in online games as most adolescents intercommunicate gaming sites for entertainment & socializing.

22. Digital Payment Tool: The constant fear of getting contaminated has pushed people to go for the digital mode of payments. The rise in digital payment transfer has increased substantially over the quantity of some time.

Online payment platforms are innovating new tools and techniques for digital transactions thus making the life of consumers easy and protected. E.g. Paytm, G-Pay, etc.

23. Electronic Communication Tool: The restriction in the movement has forced employers to shift their interaction with staff to digital platforms. Every must interact; the interaction is additionally within the organization or with the clients. The mode is changing not the strategy.

Companies are using digital platforms to sell their products and services to the world, also business meetings have shifted from board rooms to mobile screens. E.g. Zoom & Microsoft Teams

 

24. Plumbing & Electrician: Every house now or then quest for these two superheroes. With the Covid-19 outbreak, even these two highly demanding jobs are in vain. With demining options plumbers & electricians seek for clients & clients’ searching these services at their doorstep without hassle gives an innovative working ground to you.

Make a list of the people working as plumber or electrician in your area or nearby areas. Tie up with them for clients and use your network or digital media to look for different clients who require their services.

25. Content Writing: Turn your passion into a profession. Organizations require content and copy writers to plug their products and services into the purchasers. With digital media becoming the new playground for business “strong content” is required to indicate ideas and facts into selling messages.

As an entrepreneur; one can choose between blogging, news writing, technical writing, political or sports writing, and many others to opt upon.

6 Principles for entrepreneurs to explore business opportunities in crisis:

 1. Give importance to customer care to make a strong loyal customer base.

 2. Manage supply chain system to provide & deliver without obstacles.

 3. Work on cuts during the crisis.

 4. Innovate new mechanisms and find ways to retort to pain points.

 5. Use digital technology as a new business medium.

 6. Prepare a team that can work on crisis management and innovates.

 

Conclusion: There are a plethora of unique small startup businesses which can be worked at a hard time of Covid-19. The misfortune has yielded business opportunities for innovators and entrepreneurs.

With the digital sector generating the utmost opportunities for startups & entrepreneurs, the prevailing small business firms may use the technology to innovate their line of products and supply chain systems.

A small startup business can flourish if it has the potential to foresee the emerging trade opportunities in the market and gets itself prepared for any unwanted market changes or situations quickly.

As corporates are cutting jobs during Covid-19, the scope for small scale entrepreneurship is the new high.

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