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Business Niches That Will Thrive Post Covid-19

It’s finally time to start thinking about a post Covid world. Of course, no one knows exactly what it will look like but its to safe to say the businesses will continue to digitize where they can. Take a look at these 4 niches that are predicted to boom in 2021, maybe one of them will inspire you to start your own business!

1. Ecommerce retailers

Shopping online has become more and more attractive, opening the door of success for Ecommerce retailers. One of the best distractions this past year has been heading online and shopping in the comfort and safety of your own couch, something that people will still enjoy doing post Covid. Maybe you’ve been considering starting a t-shirt business, or you’d like to sell your arts or crafts? Now is the time jump on the e-commerce bandwagon and build your website or start your own Etsy shop.

2. Recreation

There has been a transition to recreational activities in place of vacations that call for traveling. More and more people are focusing on making the most out of what they have around them, with a few close friends. Recreation is business niche ripe with opportunity, people are focused on hiking outdoors, biking and camping. Do you like being outdoors? Why not start a blog that provides newbies in outdoor recreation with the tips and tools they need to get started.

3. At home fitness

Many of us are trying hard to stay away from a populated gym, which means many of us are looking for an alternative solution. While different YouTube workout videos spiked throughout 2020, there is room for more businesses to dive into the at home workout niche. Currently an instructor? Build yourself a presence on social media, start with a few free “live” workouts to build your following, before you know it you could have clients across the nation working out with you.

4. Online learning

This past year education has changed at every level. Although there has been some back lash, E-learning is now becoming a common staple in every household. While parents and student work to get accustomed to the new way of learning, this transition presents many opportunities for the business world. Looking to make extra money? Why not tutor kids via zoom in reading or math, it’s a win-win, they get the focused attention they may need and you get a few extra dollars in your pocket.

Read more of our blog posts on starting the start-up, or start saving for your business with Goalkeeper today. If you decide to make the leap and start your own business, don’t forgot the one thing that will keep you going even if we are stuck indoors a bit longer; Online banking!

Radius allows you to stay in the comfort of your own home and brings you more rewards than your traditional bank. Receive ATM rebates and for everyday purchases earn 1% cash back with our business account, Tailored Checking, every time you use your Radius debit card.1

1 The Debit Card Rewards Program (Cash Back Rewards) will provide 1.00% cash-back on all Qualified Purchases made by eligible Rewards Checking account holders if the account holder does any of the following; meet the requirements, is grandfathered in, or keeps an average balance of $2,500 or greater within the calendar month in their Rewards Checking Account, or receives total deposits of $2,500 or more in their Rewards Checking account via qualifying Direct Deposit within the month. Qualifying Direct Deposits are Automated Clearing House (ACH) credits, which may include payroll, pension or government payments (such as Social Security) by your employer, or an outside agency. Radius Bank may require documentation to verify that credits are Qualifying Direct Deposits. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of such reward. Please consult your tax adviser, as Radius Bank does not provide tax advice. Qualified Purchases include signature-based purchases made with a Radius Bank Debit Card tied to a Rewards Checking account enrolled in the Debit Card Rewards program. These are “credit” purchases that can be made in stores and online. To make a signature-based purchase, select “credit” rather than debit at point-of-sale kiosks. The “credit” option is most often pre-selected when making purchases online using a debit card. Online subscription payments may not be considered signature-based purchases. The payment transaction type (signature-based or other) is ultimately decided by the merchant and how the transaction is transmitted to Radius Bank at the time of processing. We reserve the right to determine if a transaction was a Qualified Purchase, and to establish additional types of Qualified Purchases that could be made available in a variety of ways. Any goods or services purchased with the Radius Bank Debit Card that are returned or otherwise credited to your Account are not qualified purchases. Unlawful purchases and purchases of currency, cash or cash equivalents (including, without limitation, currency from the U.S. Mint, Travelers Cheques, gift cards, Cryptocurrency, Casino Chips, Peer to Peer Payments, prepaid debit cards, account openings, loan payments, or other cash equivalents) made with your Radius Bank Debit Card are not Qualified Purchases. We may require you to provide documentation to validate that certain purchases are Qualified Purchases. Radius Bank reserves the right to modify or discontinue this program at any time. Your enrolled account must remain open, active, and in good standing to participate in the program, meaning: No NSF (non-sufficient funds) items during the preceding twelve calendar months in your checking account (regardless of the type of checking account). An eFunds check must show no negative history in the preceding twelve months and all monthly servicing fees must have been paid in full for the 12 preceding months. Radius Bank reserves the right to modify the description of “good standing” at any time. If you or the Bank closes your account for any reason before the end of the statement cycle, you will forfeit all rewards accrued through your linked Debit Card during that statement cycle.

About the author

Alain Glanzman

With years of experience in business, Alain is the Vice President of Small Business Banking at Radius Bank. Alain understands the connection between banking and business and focuses on small businesses growing their deposits.