XtendedView

  • Facebook
  • Pinterest
  • RSS
  • Twitter
  • Home
  • Technology
    • How to
    • News
    • Computer
    • Windows
  • Internet
    • WordPress
    • Web
    • Google
    • Marketing
    • Social Media
  • Gadgets
    • iOS
    • Games
    • Android
  • Advertise
  • About
    • Write For Us | Tech Guest Posts
    • Our Team
  • Contact us

New Business Startup Trends amidst Lockdown Fears

Author: Tushar Thakur   Last updated on: May 18, 2020    Leave a Comment  

FacebookTweetLinkedInPin

There is a saying that one man’s bust is another man’s boon, but in the wake of a global economic slowdown, it is probable that more people will lose than gain. Still, there are opportunities to be used by those who are willing to adapt. New startup trends show a Copernican shift in perspective and a new way to see business.

While consumption is going global, services that are possible to be provided locally will shift to new areas that will require less overhead. Additionally, whole lines might move to work exclusively online creating a sort of ‘retinue freelancer’, with greater freedom and less oversight, but fewer overhead costs for the company as well.

Finally, with people spending more time online, there will be a higher demand for services that improve that experience. Anything from gaming and gambling reviews, to social media digests.

Possibilities of a Recession

The numbers indicate that a global recession is inevitable. But, if these first few months of 2020 are any indicator, this recession will affect the super-wealthy much more than the average person, or even an upcoming businessman or woman.

Unless governments spend trillions on bailouts for overly aggressive investors, many of the planet’s richest inhabitants will fall dramatically on the Forbes list – which may not be as bad of a thing as they are making it sound.

This fluctuation can open multiple niches for new investors that are willing to try their luck in novel industries. These new industries will need to be focused on the product and the employee making it more, as both can come from any part of the world.

Going Wide

For a long time, it was essential to hit the big city market if you want to garner any significant type of success. Now, this is no longer the truth.

While physical production lines will still be forced to focus on the location where they can bring a lot of diverse workforces to apply for the job, services and online businesses don’t have such restrictions.

Going wide and investing in remote services can significantly lower the overhead of the startup and require a smaller initial investment with the same final results. Theoretically, you don’t need a single employee working from the office, but simply space to house your representation and legal documents in.

This also means that rural startup incubators have become viable even for big-city investors, where money can be tested quickly and cheaply to see which ideas will stick and which are not fit for the current market.

Forget Celebrities

Movie stars, singers, or even social media influencers have shown that without support from mass media they have little power over sales. During the lockdown, the tone-deafness of celebrities has surfaced and many people worldwide are revolting.

This doesn’t mean that you can’t use popular figures in your advertisement, but that they will only be able to inform your target demographic about your product, and not sell it simply on face value.

Focus on Entertainment

While nobody knows which types of products will surface as winners in the new economy, one thing is certain; they will be fun. Those that turned their passion into a viable product as LionCasinos did with rating Malaysian online gambling operators are bound to get traffic and with that a viable business model.

The rise in demand for personalized and customized content and service will keep rising and startups able to capitalize on that demand will see a massive increase fairly quickly. This means lowering the McDonaldization of the production line and returning to a system where only some things will be there as a template, with the rest being finished uniquely for that client.

Finally, with drop-shipping options, you can even form products using this same paradigm. You can pre-set options for the product, as well as variable prices, and consult with the manufacturer about the shipping and production. This way you will be supplying the ideas and a dedicated factory will be supplying the technology and the labor.

Work on Added Value

With the global market comes global competition. This means that you won’t be able to sell your product just because it is the only show in town. Even with faster shipping times, the difference will not be as significant to affect your sales margin or your growth.

You will always need something that adds value to your specific product and that isn’t available elsewhere.

Would this be a personalized touch, better communication with your demographic, or truly better specifications of the product itself is mostly irrelevant; there are buyers for all three out there. But, something needs to be there that will separate you from the rest of the pack.

FacebookTweetLinkedInPin

Filed Under: Business   

More on XtendedView Right Now!

  • 5 Consequences That are Directly Attributable to Incorrect Part Numbers

  • 4 Tips To Running An Efficient Business For Less In London

  • Data MiningA New Data Mining System: Marketing Gold

  • Six Tips to Begin A Career in DevOps

About Tushar Thakur

Tushar is founder of Xtendedview. He love to experiments on different gadgets, software/apps. He is professional blogger and Internet marketer. He is Interested in electronics and computers, Internet technology, Search Engine Optimization, Internet Marketing. Running online business and Blogs

Tushar has written 500 awesome articles for us at XtendedView.

  • Find Tushar On
❮
Business Start-ups in College
❯
What The Right SEO Specialist Can Do For Your Business

 Comment Policy

Your words are your own, so be nice and helpful if you can. Please, only use your REAL NAME, not your business name or keywords. Using business name or keywords instead of your real name will lead to the comment being deleted. Anonymous commenting is not allowed either. Limit the amount of links submitted in your comment. We accept clean XHTML in comments, but don't overdo it please. You can wrap code in [lang-name][/lang-name] tags.


Tell us what you're thinking... Cancel reply

If you want a picture to show with your comment, then get Gravatar!

Connect on Facebook

Latest Articles

  • 4 Important Tips For Social Media Marketing In 2021
  • How to Download Songs or any other Audio from Tumblr
  • Web Crawling vs. Web Scraping: Pros and Cons Revealed
  • Social Media and Your Child’s Cyber Safety

Featured Articles

  • How to Turn off Laptop Screen Manually
  • Benefits of Using Online Payment Platforms
  • Digital Ocean Review: Cheapest cloud hosting
  • How to close Metro Style Apps in Windows 8
  • How to run Android applications on MAC
  • How to remove login password from windows 8
  • How to Play Android games on Windows PC

Trending Topics

  • Android 22
  • Apps 4
  • Automobile 2
  • Blogging 35
  • Business 69
  • Computer 72
  • Education 1
  • Games 11
  • Games 25
  • Google 11
  • How to 40
  • Internet 143
  • Marketing 11
  • Mobile 38
  • Technology 128
  • Windows 13
  • Wordpress 12
  • Some Rights Reserved. Xtendedview | Copyrights 2011-2020 | Site Map | Privacy Policy
  • XtendedView is built on WordPress
  • WordPress Hosting by Bluehost