Need of the hour : Use the Crisis

[rollingdice]

It isn't the best idea to start business during the crisis. Many small businesses are bankrupted now, people don't have extra money to spend it.

[Raja Singa]

What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !

During crisis conditions, we can increase noise by maintaining mining equipment, although the results are not very satisfying. Small business that can be done by selling online, and making food to be traded at each stall in the morning.
Crypto trading is also a good choice, because we can work in a room without having to interact with other people. However, we realize that crypto trading doesn't necessarily make a profit. So that we decided to make other activities.

[redsun114]

Think about all the things that can be done to start a new business, earn from home. As for me I believe we have to rely less on the government but more importantly start small businesses, this is the only way that we will be able to go though the pandemic.

I believe this forum is having people from all over the world and what you are suggesting is not applicable for each and everyone which means even I am suffering due to pandemic and all its consequences, I'm not in position to think about starting a new business but I am thinking of making use of bitcoin investments more intensively than my past so that I could make decent profits with upcoming bull run of bitcoin markets.

I guess if you are in position to invest more into bitcoins then this must be the right time to make use of possible lower prices of bitcoin markets. If you keep buying with respect to your available funds then you can definitely get good buying average which will be leading you toward definite profits in the near future.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ?

With respect to my country, it is not that easier to think about anything new just for the reason of pandemic. I always prefer to stick within what I'm doing for years and I believe it must be a good practice not rushing for a new business as it will helps me to get rid of all the associated risks.

[wxa7115]

This sounds like a good idea, I would recommend also to do a business idea online. Food service is seeing a lot of competition at the moment because due to the second lockdown all the restaurants need to close. The only way the restaurants can operate at the moment is with delivering food. And with many stores closed again, I think the best we could do for a small business would be to work online from home.

Not only that any business idea we have must be carefully analyzed, one of the big problems with any business related to food is that no matter what you do food spoils, in my country a great deal of business that used fresh food like restaurants lost a significant amount of money because of this so anyone thinking about starting their own business needs to take this into consideration as a new lockdown could always be called on your country.

As such the best option is clear, for anyone interested to thrive in the current difficult economic circumstances in which we are in we need to do it in a way that requires no stock or inventory, especially if it can spoil, and the best way to do this is to offer a service that you can do online.

[usekevin]

When this pandemic occurred, I made various businesses selling furniture and selling food on the side of the road to get more income when this pandemic happened, whether or not I had to struggle to survive by trying to trade, I had to be sure to get money by working hard this pandemic made a lot of money for people think creatively with hard work.

Some had used the pandemic to earn money by making some business related to covid-19 .Using the opportunity is important one in all situation.Some vegetable and food vendors had earned a lot in this corona from the people fear and insecure feelings.Some people had suffered a lot by losing their job and hard to earn for their basic needs.So this corona had make them to learn the importance of money.

[Sterbens]

Online business is the trend in my country right now like almost everything you'll see on their social account is the product they are selling and some of my friend already made a huge profit because of this. I do personally sell some staff online and yes, and this one helps me to recover from this crisis. We have to look for other options, as long as we live we have the chance to recover and stand up on our feet again so if you are suffering right now, please don't lose hope and start working again.

Nearly 85% of online businesses dominate every market in the world today, apart from being able to be handled anywhere, you can also buy whenever you need to be afraid of shipping costs because there is always a free shipping bonus. This is because the business can be done by anyone as long as they have a cellphone connected to the internet network. Not only that, online businesses currently offer several bonuses for traders who can reach the delivery target within the policy period according to the area manager's policy. indeed the world has shifted traditional trade.

[tbterryboy]

It isn't the best idea to start business during the crisis. Many small businesses are bankrupted now, people don't have extra money to spend it.

How much money do you need to start a delivery service and deliver food to people? I guess it requires zero investment apart from a little money you have to spend in promotion so that people know you are doing something like this.

One problem with most of us is that we are negatively oriented and start finding out problems and weaknesses rather than enjoying the process and finding solutions.

You can easily make enough money to survive if you just do small tasks like you can give tuition to kids or students if you have that level of education and for others who are not educated enough they can do baby sitting and that kind of tasks.

[hahay]

Right, continuing to rely on the government and companies will only make us worry or anxious and because of that, I personally have also realized this and currently at least I just take advantage of the hobby of raising animals such as ornamental fish for breeding. Indeed, it requires money or capital to start a business and also knowledge, but with this pandemic and we are also more at home, it would be better to start moving from now on to take advantage of whatever your skills are to be used as a business.

[SirLancelot]

When this pandemic occurred, I made various businesses selling furniture and selling food on the side of the road to get more income when this pandemic happened, whether or not I had to struggle to survive by trying to trade, I had to be sure to get money by working hard this pandemic made a lot of money for people think creatively with hard work.

Not just you we all tried a lot of new things and ideas during this pandemic time and the more creative and flexible you are the better your chances are to earn. There are people who will have ego problems with doing a small job like selling food on the streets but we need to understand that earning money by doing anything is better and more egoistic than sitting home and struggling or taking loans.

The problem with street food though is that no one wants to eat anything from street and they are too feared so while the idea is good it hardly works. I think the idea OP gave about food service is actually very good because the students are unable to move out of hostel so they get better service.

[Oilacris]

Hello everyone I am quite aware that we all are going through a tough time. With the third wave of the virus , the lockdown have caused chaos worldwide. I do think that the only possible solution we have is to: Use the Crisis in our favour. Think about all the things that can be done to start a new business, earn from home. As for me I believe we have to rely less on the government but more importantly start small businesses, this is the only way that we will be able to go though the pandemic.

-start small businesses
 Example: Food service , tutoring kids through zoom etc..
-go with small investments and look for what people are looking, if you are living in an area with students living in hostel , 24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested )
-only apply for those jobs which do have favourable conditions for the workers ex- free insurance etc.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !

You can really possibly make out those business but the question is that not all people would have the funds or money to start up those businesses which simply
they do rely with their work salary and cant make any savings due to expenses for your daily living.For some people who do have advantage on making one then
it doesnt simply guarantee about success but its better or worth the risk rather than doing nothing at all.If you cant make business then stick out with those
jobs like food delivery service or some sort.We do need find ways or else we would really be ending up on starving stomach.

[crazy-pilot]

Excuse me, when was the second wave of coronavirus? I thought the second wave is going on now ...
Are you talking about catering? But now everything around is starting to be quarantined. The only option is to work with delivery and takeaway. Doubtful proposal.
Teaching children ... It might work, but again on a remote basis.
It will be very difficult for small business now, there are too many restrictive measures. People are trying to save and not invest in their development.

[raidarksword]

It is really a good advice and making it as an extra income will always be welcome to everyone of us, any small food business will surely do and i have my neighbors here are actually selling some snacks stuff in our small town. We can stop this crisis in our little ways and providing foods to our family will always be the priority and source of our strength during this tough times as we continue to live in a safe and productive lives even with this pandemic we are experiencing.

[proTECH77]

Many countries are yet to recover from their lost during lockdown that caused so many damages to the world economy. Starting a scale business cannot make people to overcome the hardship in the country without the assistant of the government to demand more money from central bank to enable many citizens grow their crops in the farm and also release loan to organization sectors to make sure all companies are functioning in the country to end the crisis totally.
Many are still afraid of second lockdown rumors that is spreading that the government is still planning to announce second lockdown,to enable them to find solution to the virus vaccine, so that the citizens can move freely in the country. With the strategies the government has put in place by washing your hands all the time and wear of facemask will reduce the spread of covid-19 in the country.

[Cling18]

Searching for the opportunity and looking for ways to earn is the best way that we can do to survive this crisis. We can't rely on the government alone. Our country is now in the midst of chaos not just because of the pandemic crisis but because of the natural disasters. Lots of families have lost their home but I believe that we could still recover and find ways to sustain our lives again. I hope that things will still get better in the future and people who have lost everything could still find jobs and opportunities again.

[BuNga_cute]

This is a very interesting topic in my opinion, because I believe the members of this forum are mostly affected by COVID-19.
We should all be able to make a lot of money in a situation like this, and in this topic we can share ideas for businesses that
are suitable in a pandemic situation. Of course, the most suitable in a pandemic situation is an online business. Especially now
that there are a lot of social media that we can use to promote the products we are selling. Or we can use the market place
platforms in our respective countries. I try to sell supplements or vitamins to increase body immunity, and according to my
predictions the demand is quite high in a pandemic situation. I can get quite a lot of income from my business, in my opinion
as long as we work hard, the results will not disappoint.

[justdimin]

Some had used the pandemic to earn money by making some business related to covid-19 .Using the opportunity is important one in all situation.Some vegetable and food vendors had earned a lot in this corona from the people fear and insecure feelings.Some people had suffered a lot by losing their job and hard to earn for their basic needs.So this corona had make them to learn the importance of money.

Turning the pandemic into possibility is the right way to move forward. Like you said there are people who even took advantage of the fear people had and made money off that, which is not a moral thing though.

I take the example of pizza restaurant chains like dominos who ensured people about safety with their ads and promotional videos but at the same time they increased the cost of pizza delivery/taxes by a fair bit to accommodate the safety measures cost. People are happy to spend an extra dollar to get safe food and there are various measures taken like the delivery partner's body temperature is measured and shown when they deliver you the pizza. Being creative and converting problem into possibility is the right mindset.

[carter34]

Searching for the opportunity and looking for ways to earn is the best way that we can do to survive this crisis. We can't rely on the government alone. Our country is now in the midst of chaos not just because of the pandemic crisis but because of the natural disasters. Lots of families have lost their home but I believe that we could still recover and find ways to sustain our lives again. I hope that things will still get better in the future and people who have lost everything could still find jobs and opportunities again.

Recovery this time is from government. The government should be serious in supporting small scale of businesses. Most countries are giving palliatives to individuals which can go only for feeding for the time but proper support should go into raising substantial amount for died businesses to come back and start employing people again which will help families on a longtime.

[Inkdatar]

During this difficult times we have to think of other ways to earn income since a lot of people don't have a job because of this pandemic. The trend lately in our country is doing food business online, selling food online which is easier to attract customers. Also what I did to earned is selling baked goods which are also in demand because some people don't want to go to any store to buy foods to avoid this virus. So we have to think other ways to to earn to survive during this crisis since we can't rely on all of our needs from the government.

[Paycoinzzz]

-start small businesses
 Example: Food service , tutoring kids through zoom etc..
-go with small investments and look for what people are looking, if you are living in an area with students living in hostel , 24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested )
-only apply for those jobs which do have favourable conditions for the workers ex- free insurance etc.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !

With limited direct communication, online services will be essential at the moment, especially in countries with high and uncontrollable cases.
If I have a large capital of about 100k $ - 200k $ then I will export medical equipment to America, India. especially items such as masks, hand sanitizers and protective uniforms against viral infections.
The reason I trade with this item is because the demand is very high and overseas production is also quite simple with low cost. Besides, I also have good relationships with some people in America and India. They all work in the state agencies, so my export process will reduce a lot of costs as well as time.

[CODE200]

Well, atleast OP did not mention about investing all of his money to cryptos at times of such which I saw in many discussions.
Small business is okay as long as it won't be a waste of time such that it will generate profit whether big or not. There is really an opportunity to earn profit from doing so but the thing here is risk. The market price is in upward movement but anytime, a downfall could take place and that is being feared right now since people are needing money. If you have the privilege to invest, then that's better but we need to cut the idea of persuading someone who is desperate to earn profit, on risking the money he cannot afford losing.