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It is clear to most small business owners that going online is the best way to keep in touch with the customers amid the coronavirus pandemic and its economic fallouts. Many are convinced that adapting to e-commerce is the most important thing to help them deal with the realities on the ground and the aftermath of COVID-19. What they don't understand is how they can do that. Here, we will briefly discuss a few ways classical businesses can adapt to e-commerce: Be Available For Shoppers When They Need To Make Important Decisions In the past, people walk into stores with little or no knowledge about the products they want to buy and available alternatives. Today, this is not the case. Shoppers research their options about products and know better before buying any product. Helping shoppers by providing the right information about the products they are considering to buy will help any small...

The coronavirus pandemic has left many small businesses in critical condition. As most cities remain on lockdown, economic activities have been significantly hampered, and revenue sources of most businesses have dried up. Innovative business owners and managers who understand the power of technology have turned their attention to e-commerce. Here, we will briefly discuss five e-commerce investments that can bring real profits for small businesses during this pandemic:  Dropshipping  For an established small business, getting into dropshipping is an option that should be considered carefully. The business model is simple, but most suited for entrepreneurs working individually or as a small group. A small business can invest in dropshipping products that are closely related to its regular products/services.   Medicine Delivery  In a time like this, people need their physicians more than ever. They also need their medicines more than ever, but lockdowns are in place in many cities. Online medicine delivery services are...

COVID-19, the disease caused by the novel coronavirus (SARS CoV-2), has had a colossal effect on small businesses across the country. After the declaration of the disease as a world pandemic by the World Health Organization, several measures have been taken by different governments to contain the spread of the virus. The different measures have affected small businesses in different ways. There will certainly be financial shifts that business owners will have to grapple with, and we will discuss few briefly:  Lost Revenues  Many businesses are locked up at the moment to curtain the menace of the virus. Again, many people are out of jobs due to the pandemic. This means less money is in circulation, and small businesses are affected the most. Even after the crisis must have been resolved, it will take time for businesses to recover from revenue losses they have suffered. It will also take a while for...

To say that the world has been shaken by the novel coronavirus (COVID-19) is an understatement. It has been declared a global pandemic by the World Health Organization. With most countries shutting down their borders and citizens being advised to practice social distancing, every aspect of the world economy is being affected. Small businesses are feeling the pain and uncertainty posed by the pandemic even more.  According to the findings of a survey of national small business association members, three in four small business owners are concerned about the economic impact of COVID-19. Many are being forced to take drastic measures, even as they are uncertain of their futures.  Small Businesses Are Experiencing Supply-Chain Squeezes One of the first impacts of the pandemic on most small businesses is supply-chain disruption. With borders being closed, it is expected that shipment delays and loss of orders will continue to hurt businesses. While this affects businesses...