What goes up must come down, which means that the economy ebbs and flows as circumstances of the pandemic change. Now that experts project that the economic fundamentals of the United States remain strong, now may be a good time for aspiring business people to look into financial opportunities that can help them recover whatever they lost at the height of the crisis.
Now that the world is opening up again, so many business ideas can help people turn a profit, especially in franchising. Franchising a business can be beneficial for newbie business owners. They don’t have to start from scratch, and the business model, operations, and processes are already laid out.
They can also get to be part of a trusted name in that chosen field. If you are exploring business options that can help you as the world contends with COVID-19, here are some potentially lucrative franchising opportunities for a post-pandemic world.
Merchandise for live events
Now that the U.S. is officially back in the live events business like concerts and massive gatherings, why not look into screen printing business opportunities to supply merchandise for the event organizers? Musical artists, organizations, and other big institutions can use the help when coming up with stylish items for their consumers and audiences.
A franchise opportunity for screen printing might be a lucrative option for aspiring business people. They can start something that can help them recover financially. People have missed attending live events, so you can be sure that many organizations and acts are looking into partnering with merch suppliers across the country.
Studies show that dog ownership in the U.S. grew by as much as 47 percent as more people found their nurturing sides during the intermittent quarantine periods. There is no denying that the public health crisis awoke the parts of our humanity that love caring for other living things, from pets to plants, and more and more people found themselves wanting to adopt and care for dogs and cats. It’s a trend driven by the youngest generations—millennials and Generation Z.
This is why pet services will continue to be in demand in the foreseeable future. Those who have a passion for the quality care of pets will be at an advantage. A pet services franchise opportunity can help them provide that service to their target audience. Franchisers also don’t have to build up brand reputation or loyalty if they go with a franchise that already has those things.
Another franchise idea that can be potentially profitable is tutoring. With this, students will need all the help they can get in terms of understanding their lessons and catching up to their classes now that face-to-face classes are back. The education of children has been significantly impacted by the global health crisis. That means that kids need to relearn the fun and beauty of education.
Tutors are sorely needed to help bring back the joy in learning, and tutoring franchises might be a good idea for business people who have a passion for ensuring that kids in the U.S. get a quality education.
Businesses centered on fun activities and experiences
Since people are now more inclined to go out and have fun (especially if they have been vaccinated), franchises centered around activities and experiences can now get back to the swing of things. One example is the paint-and-sip business model wherein customers enter a room where they can enjoy some excellent wine while learning the basics of painting.
Customers can go alone, bring a date, or even rent out the whole place as an event activity for a special occasion—but the common ground is that they don’t have to do it virtually anymore. Now that consumers are hungry for face-to-face experiences, business owners might find a return of investment for these niche entertainment franchises.
And even if these activity-based franchises have to close up shop if the number of infections climbs up again, they now have plenty of alternatives in terms of income stream, like an online painting class and other types of virtual events.
Franchising a business is a convenient and strategic way to invest in something because you get to build it up and localize it according to the needs of your community or neighborhood. They don’t also cost as much as creating a new business from scratch. Aspiring entrepreneurs will gain a lot from exploring their franchising options if they want to make something of lasting value and experience growth and success.