The Corona Virus hit the world and its economy so hard that it crashed so many economies. A lot of folks lost their jobs, so many were rendered homeless, without food to survive and all. In Africa, it increased the rate of crime, especially cyber crime. A lot of folks who were making a honest living for affect real bad that they lost their jobs or their salaries were slashes into half. It got so bad that cyber crime became a normal thing. A teenager of about 15 years of age already knows what cyber crime is and how to go about it. Some even went as far as going into diabolical means to secure their spot into the economy. All of this is part of the Corona effect.

It was so bad for a company that has a very large clothing line,

Primark Clothing line

Their sales dropped from 650 million Euros monthly to zero Euros. Their company was folded. The interesting part about this company was that, it didn't fold because people no longer had money to buy clothes or something, it happened because they were operating with an outdated method which used to work for them before, but because of the lockdown imposed, people could no longer go out and but stuff. They had no online presence!!

Customers resorted to shopping online, but unlucky for Primark, they had no online presence pre-covid crisis and they lost all customers as nobody would risk their lives to go out to buy things. Not only did they lose a lot of money, 68,000 of their workers became unemployed! That's devastating. That's a whole country's population in some parts if the world. The internet was their waiting for them to make good use of, but they resorted to their Stine age technique and it didn't work. Primark is just one out of so many other companies that got hit real bad by the Covid-19 crisis.

As much as so many companies were hit bad, so many other businesses boomed!!! In fact, they had the vest times of their life during the pandemic. And most of these companies and businesses are ones with a very huge online presence. In fact, 70% of their sales or businesses are done online.

Examples of businesses that made it big in the Pandemic

1. Zoom.

Zoom is an online video meeting app, which came out about few years ago, but was not used by so many. As soon as the pandemic broke out, its net worth increased by over 200% as so many meetings were now conducted online due to the lockdown imposed around the world. By the end of the year 2020, zoom made over $622.7 million in profits. They had the vest time of their life. Up till today, so many meetings are still conducted online

2. Amazon

Amazon is an online store owned by the second richest man in the world Jeff Bezos, with a net worth of about $180 billion dollars. He used to be the richest until January 2021, when he was surpassed by Elon Musk, the CEO of Tesla. Amazon had been booming even before the pandemic, but during the pandemic, it made much more money as more people started shopping online, reading books online, becoming online retailers and so many other things. Analysts on average expected earnings of $7.41 a share on sales of $92.78 billion. In total, Amazon has already collected more profit in the first nine months of 2020 than it did in all of 2019, when Amazon had record earnings of $11.59 billion. That is a whooping amount of money right there.

4. Netflix

Netflix is an online movie streaming app where you have to subscribe monthly and you get access to unlimited movies for that month. Before 2020, Netflix had about 180 million subscriber's round the world. But as of July 2020, Netflix had about 193 million subscribers around the world. So many people were bored at home and doing northing with their time, so they resorted to movies. Netflix being one of the top movie streaming sites, it took advantage of the lockdown and increased profits. In the third quarter of 2020, Netflix generated total revenue of over 6.44 billion U.S. dollars, up from just over 5.24 billion in the corresponding quarter of 2019.

5. Bitcoin

Bitcoin is the number one cryptocurrency in the world right now, with one bitcoin equalling over $30,000. By the start of 2020, one bitcoin was around $7,000. It increased drastically as so many people started investing in it and saving their money more in bitcoin. Online companies started including bitcoin as methods of payments which boosted it's value.

The above are just some of the few companies that made more money in the year 2020. The list goes on and on. A lot of businesses increased their online presence and data companies made more money as a lot of people consumed more data.

My advice for you,

Increase your online presence.