Who is, or could be winning in the COVID-19 economy blog?
The media is known for creating and producing fair and balance, or in my opinion fear-mongering news. However, there is a growing segment of the population that is truly succeeding in the COVID-19 economy. Believe it or not, there are a lot of start-up businesses that are winning financially in today COVID-19 economy. The industries and businesses such as home improvement, gaming, and pet products, among others, have all seen an increase in demand while most of the economy has gone down to the wayside. One thing most people can understand is that most recessions bring out the best in creativity, and new companies throughout the world. One great example is the Great Depression brought the United States GE, Disney, and HP, who all benefited from marketing while their rivals scaled down on marketing. The Great Recession created new venture companies that brought the world truly into the digital age and opened up the gig economy—Airbnb, Credit Karma, Uber, Slack, Venmo, and Square.
The world keeps changing at a rapid rate, that most cannot keep up with it. Please remember that these companies became successful because they looked outside for opportunities as times changed and came up with products and services the world needed. And today pandemic is doing just that, with the increase of only sales, delivery and mobile services etc.
Home improvement businesses have shockingly seen an increase in today COVID-19 economy. One of the biggest reasons for this has occurred because of the record low housing interest rates within the U.S. has also seen a spike in homeowners the opportunity to refinance or obtain a home equity loans for their homes, which has allowed homeowners to fall into two different categories. One it allows those facing hard times, to remind stable financially, meaning lowering their monthly mortgage payments.
Two it allows them to make much-needed home improvements on their homes, and a save portion of their home equity loan. Product sales within the pet industry, and animal shelter purchases have gone up by 50%. Since I am a big advocate of animals being adopted, I find this to be great news. Also, products within the home beauty industries have gone up to 36%. Now with most of the physical fitness centers being closed or being shut down again throughout the nations. Fitness and health consumer demand has gone up to over 200,000%. With today's pandemic, more and more of the population are trying to take their health more seriously in the COVID-19 world. Lots of entrepreneurs are very, very optimistic in today what I call a new world order of consumption. So if you find yourself in any of the fitness, and health, home beauty, pet products, and home improvement businesses then the incentives are there for you to increase value to the economy, and your business. And with a lot of minor or in some cases major adjustments, we as a society will make advancements to will not only make the economy stable but definitely safe again.
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