Neil here.

We’re officially on Day 14 of intensive quarantine – at least for my household – and the impacts of this pandemic have yet to be fully realized.

Clearly, the global markets, both public and private, are experiencing unprecedented turbulence. The stock market in particular has been dealt blow after blow since COVID-19 first made that fateful jump from animals to humans.

There’s a lot about this story we simply don’t know; all we can do is wait and see, and do everything in our power to keep ourselves and our neighbors safe.

But there are some bright beacons of hope to be found, if you know where to look. For example, there are actually a few types of companies that are benefiting from these unusual times – and plenty to learn from them, too.

Let’s dive right in.

  1. Enterprise productivity software

    With hundreds of millions of people working from home, many businesses have had to scramble for solutions to keep things up and running. This has led to a substantial boost in users and revenue for companies like Zoom, Slack, and Microsoft Teams – all services that help groups communicate.

    We’ve also seen increased activity in other parts of the “work from home” catalogue, including ecommerce stores for streamlined, modern desks; cloud storage, like Google Drive, Dropbox, and Box; productivity tools like Trello and Evernote; and much more.

  1. D2C (direct-to-consumer) ecommerce

    The simple truth is that most Americans have much more free time on their hands right now… and they’re running out of ideas for how to use it.

    In other words, they’re bored. And what do people do when they’re bored? They online shop, of course.

    D2C, or direct-to-consumer, brands are seeing sharp upticks in sales and engagement in recent months. We’ve seen this effect in all kinds of industries, from apparel (Allbirds, Rothy’s, Bombas) to subscription boxes (StitchFix, Birchbox, FabFitFun) and more.

  1. HealthTech companies

    There are two driving factors at work here: boredom and fear. Not only do people have much more time and space to ruminate on their lineages lately – but living through a global health crisis has caused many people to dig more deeply into their own health.

    Genealogical services, like 23andMe, AncestryDNA, and MyHeritage are seeing modest boosts in sales as more and more people stay home – a very welcome change after many months of decline in this sector.

    People are also increasingly turning to healthy meal delivery services (HelloFresh, Healthy Harvest, and Blue Apron, to name a few) as their day-to-day nutrition becomes more important. (Not to mention avoiding the grocery store.)

    If you broaden this category even further, you’ll notice an upward trend with companies that provide virtual workout classes, like Wellbeats, FitnessOnDemand, and Peloton.

So what can we learn from these companies? The main thing is the critical importance of serving consumers where they are – stuck in their homes. This could be the new normal for weeks… or it could be months. Adaptability and willingness to pivot is perhaps the most important quality to look for right now.

What are some other companies you’ve noticed doing better than usual lately? Let me know in the comments below.

We’ll talk soon.

Until next time,

Neil Patel


Comments

19 responses to “3 Types of Companies that Are Actually Thriving Right Now”

  1. Home schooling, either companies creating programs, instructional videos, or something in that realm. I believe for the longest time , home schooling has had a bad rap. I think this situation we are in brought a viable solution and has put a light on an answer to another option then public or private schooling.

    • I agree. Homeschooling may not be for everyone, but it is truly a viable solution for those wanting more control and flexibility in training and preparing their children. There are so many technical and mentoring resources to help parents and care givers grow in instruction skills, knowledge base, and support networks. God bless!

  2. Everydae, Caribu, Digital Dream Labs, HelloWoofy, CommerceAI, Mealthy, and Pure Green have all reported positives such as new signups, new business, increase investment, through internet business to business, and business to consumer activity.

  3. Also, Verif-y is pursuing several additional opportunities in health care and business operations as COViD-19 has created significant challenges for organizations that have so far relied heavily on manual operations.
    Despite the trying times, and clear focus on the health and well being of our team, customers and partners; we have been operating at full speed with several developments and partnerships in the works. We have signed a new partnership with a partner in Asia and expect to sign another one and possibly two in LATAM/EU and the UK shortly. We are very close to signing an MOU with a leading Global Integrator – Matrix – and will work with them on our global payments provider proposal and other projects. In addition, we are making material progress with PwC and expect to have an agreement signed with them shortly.

  4. I have all the time in the world, yet I’m limited on money to invest. I’ve been playing around with bit coin and I’m buying small percentages of stock on Cash App. It’s a hit and miss for me. I’m clueless, bumping around in the fog. I’m excited to learn from you. I’m retired/disabled with only SSD as income at this time. I’m Rich, I just haven’t been able to access my millions at this time. Take me with you on what I am hoping will be the ride of my lifetime.

  5. In my area the garden centers are doing well. People are working in their yards putting out plants, mulch and fertilizer.

  6. I worked with a sub shop just before we experience this massive change. We were going to businesses all over this city preparing lunch right inside their company. This company is small but been in the same location for thirty eight years serving over 1000 businesses. I thought with its track record they were in perfect position to feed all first responders in the city.

  7. You could not have picked a worse time to go all out with AngelsandEnntrepeners. I feel for you And Me. Hopefully something good will come from this. Stay Safe!

  8. Neil
    Will this be a good time invest in these businesses?
    Very informative. I appreciate you taking the time to keep us up to speed on what is going on in the stock startup arena.

  9. I saw a company on Facebook yesterday advertising the new technology on 3D printing for knees & the robot…They were asking $4.00 a share…
    Looked like the same product. Was it?

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