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The health crisis caused by the coronavirus pandemic has put the business world to the test. Among the most affected sectors are the HoReCa industry and international tourism, so entrepreneurs who had planned to start a business in these fields even before the pandemic had to take a step back.
Even though the coronavirus pandemic has negatively impacted the global economy, there are still some sectors that have gained momentum, will continue to grow, and can generate profit for those looking to start their own businesses.
Below, we present five profitable business ideas, even during a crisis:
Agrotourism
As mentioned, international tourism has been one of the industries that suffered significant losses over the past year. Even though restrictions are starting to ease in some countries, including European ones, some people, for safety reasons, choose to postpone traveling abroad.
Many are turning instead to domestic vacations and, more specifically, to agrotourism accommodations, where they can enjoy a variety of fresh traditional dishes prepared by the hosts. Besides the organic delicacies offered at these villas and guesthouses, there is another reason why Romanians (and others) support agrotourism: connecting with nature.
Therefore, opening a countryside guesthouse is a profitable business idea, even during difficult times. To ensure success, it is extremely important to pay attention to the smallest details, especially those related to creating the atmosphere, which travelers increasingly value.
Auto Repair Service
Many people rely on personal vehicles, for instance, to commute to workplaces in other towns. Since having a functioning car is essential, people will not hesitate to invest in repairs, whether it’s a simple part replacement or a more extensive and costly repair.
Given this, opening an auto repair service is worth considering. However, you must ensure you rent (or, if finances allow, purchase) a space in a favorable location, invest in modern equipment, and, most importantly, hire skilled staff. If you have experience in this field, you can work yourself initially and, as the business grows, hire additional mechanics.
Freelancing in Various Fields
Nowadays, many companies—large or small—choose to collaborate with freelancers for different projects: content writing, copywriting, web design, photography, and more.
Working with a freelancer involves lower costs than hiring a full-time specialist and can be advantageous for short- or medium-term projects.
Freelancing can evolve into a full-fledged business and, over time, bring substantial profit—along with greater flexibility and the ability to choose which projects to take on. However, it is important to select a field in which you have extensive experience, enjoy working, and want to grow continuously.
Online Marketing Agency
If working alone as a freelancer is not exactly what you want, you could start an online marketing agency with a few other professionals. Online marketing services (SEO, social media, content & copywriting) are in high demand.
The reason is simple: any business needs visibility and a clearly defined online presence. Together with your team, you can build brand identity and online presence for numerous companies across different industries.
Online Courses
The range of online courses is vast: from coaching to cooking courses; from language courses for children and adults to hobby-based courses.
Online courses gained popularity during the coronavirus pandemic, when everyone had to find new ways to develop, learn, and disconnect from accumulated stress—this time, from home.
Even after the pandemic ends and people start attending offline personal and professional development activities, you can consider offering certain courses offline as well. Online courses will continue to attract participants from other towns and even countries, as well as those who, due to lack of time, prefer online learning over in-person classes.
Mikro Kapital – Supporting New Entrepreneurs
Developing a business, regardless of the niche, requires investments: both time and money.
Obtaining a bank loan can be challenging for startups, and often, applications are rejected for not meeting eligibility criteria. Additionally, the bank loan process is usually time-consuming, with extensive documentation.
Fortunately, there are alternatives through microfinance, which offer SMEs the opportunity to access fast loans without collateral.
Mikro Kapital supports entrepreneurs starting out, providing business loans under favorable conditions, regardless of the industry or the business structure: LLC, joint-stock company, sole proprietorship, individual enterprise, self-employed professionals, or private offices.
To obtain such a non-bank loan—whether for agricultural business in agrotourism or for an eCommerce venture—you only need to fill out an online application and submit a few essential documents proving your business activity.
Our specialists analyze the documents, and for loans up to 45,000 RON, you will receive a response within just 48 hours.
We transfer the funds to your bank account as quickly as possible, allowing you to use them for your business needs: purchasing agricultural equipment for an agrotourism business or acquiring tools and machinery for an auto repair service.
Lastly, we also support new entrepreneurs by offering specialized consulting sessions to help grow their businesses. The Mikro Kapital team helps you understand which loan is right for your business and establishes a flexible repayment schedule.
So far, we have assisted thousands of entrepreneurs, whose stories you can discover in our “Success Stories” section.
Join us and write the success story of your business!
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