A Step to Succeed During COVID-19 with Low Investment Business Idea
By: Ashwathy Nair
The COVID-19 pandemic has been a reason for most of the industries to shut, but in the same way, it has helped many to restart their business with new beginnings too. With the arrival of the pandemic, there is an increase in people taking care of their hygiene and it has increased demand for healthcare products like hand sanitizers and masks. The idea of people turning towards hygiene has encouraged entrepreneurs to come up with some low investment business ideas.
“Life is like riding a bicycle, to keep your balance, you must keep moving”. – Albert Einstein
These words should make you strong enough to focus on getting up from the ground. Although the pandemic had hit you hard and made you fall. But if we think about the positive side, it has given you an opportunity to stand and fight. Some companies actually have managed to fight back.
During the pandemic, the underserved personal hygiene market has reached the top and there is a high demand for items like Masks, hand sanitizers, PPE suits, disposable gloves, etc. that could prevent a Coronavirus infection. Along with personal hygiene, the online learning space or Edtech has grown, as during the lockdown, students have been mandated to stay home and others have got time to upskill themselves.
Here is a list of low investment businesses that were started since the pandemic began and might continue to grow in the upcoming few years:
There was a time when we used to roam around freely without anything on our faces, but now the situation is like we are mandated to wear a mask all the time we step out of our home. The demand for masks skyrocketed after it became the most important preventive measure to reduce the spread of the virus. An increase in the demand for masks encouraged small-scale entrepreneurs to come up with an idea of Low Investment business of manufacturing masks, that too by investing very little money ranging from Rs 20,000- Rs 30,000.
Since the beginning of the pandemic, demand for sanitizers has climbed to a level that most companies started to manufacture this product, especially when the existing brands struggled to keep up with the pace of consumption. Low Investment business opportunity for many entrepreneurs has been created with a rise in the demand for hand sanitizers.
Earlier gloves were mostly used by doctors and healthcare practitioners, but after the Coronavirus came to light, people started using these gloves in order to avoid any possible contact. Wearing gloves would prevent the chances of getting infected through contact with surfaces. For the manufacture of disposable gloves, a capital under Rs 50,000 will be enough and the materials needed include – latex, chlorine, etc.
Soap or Hand Washes
Washing hands with soaps/ hand washes are the most effective way that is considered to kill the COVID-19 virus present on the skin. Washing hands for at least 20 seconds will help in eliminating traces of the virus from the skin. Small factories have been set up at home with an investment that is as low as Rs 20,000.
People nowadays are more getting into healthy eating and Ayurveda has always been an Indian medicinal legacy that has shown its clinical promise. With the use of ayurvedic products, it naturally heals and boosts immunity.
Indian entrepreneurs have been able to manufacture ayurvedic snacks adding some ancient techniques with a modern twist. Ayurvedic snacks include products such as Herbal tea, juice shots infused with herbs, etc .
With investment under Rs 50,000, the ayurvedic snacks business can be started which makes it suitable for the best Low Investment businesses.
The coronavirus pandemic has forced people to become more tech-savvy. The edtech platforms have seen a diverse rise in the number of users and have helped people to get a glimpse of what will the future of education look like.
The lockdown made people go for paid online tutorials, master classes, online workshops, and webinars which makes online tutorials Low Investment business. Many of the self-starters have used this option as an opportunity to build a platform for themselves.
With the arrival of COVID-19, people have learned to earn living even sitting at their perspective home. All you need is just an amount of motivation and confidence to go with the flow.