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HOW COVID IS CREATING MORE DIGITAL ENTREPRENEURS THAN EVER BEFORE

Since Covid, people have been doing their shopping more online than ever before --- not only for clothing and hard-to-find household items, but also for groceries. It’s not only more convenient to shop online, but it’s also more practical. For example, if your local store is out of stock on any item, you can easily find that same item by simply doing a Google search, and within a day or two, it will show up to your doorstep. Plus, with shipping being offered for free or for a reduced price by many online retailers, and with Covid being a concern, shopping online has been the perfect option for many people.

People are not only relying more on the Internet for spending, but also for earning.

With Covid lockdowns, much of the workforce has moved online, and more new jobs are also be offered as remote jobs that can be done from home. Could this trend be here to stay? Experts think this will be the case. By 2025, it is estimated that 70% of the workforce will work remotely at least 5 days per month. This is proving to be beneficial already, not only for employees but also for employers. With fewer reported sick days, less travel time to and from work, and less money spent on gas, business attire, and take-out orders, more energy can be put into the work force without all the other interruptions. This is proving to be a win-win situation for both employers and their employees.


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Additionally, more people are seeking ways to make money online through side-hustles, doing freelance work, or starting their own online business. When working remotely, there simply are more hours in the day to start something else and this is what a lot of people are doing.

 

Even if they are simply opening up an eBay or an Etsy store and turning their hobbies into part time jobs, this has been going very well for many people.

People have also discovered how to take their financial investments into their own hands, and they are relying less on brokerage companies, insurance agents, or brick and mortar mortgage companies to handle their investments. Instead, people are turning to self-serve websites that don’t require an agent and they are using decentralized or centralized trading exchanges, whether trading in forex, commodities, stocks, or cryptocurrencies. Self-investment platforms have been booming since Covid.

What else has been booming since Covid? Online meeting platforms like Zoom, online dating sites, cyber security businesses, online schools, video games, delivery services, and any online shopping malls. Those who own businesses in these industries are seeing record profits and their doesn’t appear to be a slow-down in demand anytime soon.

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