What Business Should I Start?

It’s driving me nuts thinking of what business I should start. There’s so much to think about, especially since we’re not yet clear about the coronavirus situation. I thought about getting started with a water station or maybe reselling clothes or even cosmetics, LOL. I even thought about getting an additional insurance policy since I don’t know what to do! All the things we have to go through for the love of family~
I guess I’m at this point in life where I want to get everything together and have a stable income and something that can help me achieve more for myself and my family. I’ve been seeing a lot of houses and a lot advertisements on Facebook, and it makes me feel more anxious about what business I should start with.

Water Station Business: 

This is the first thing that came to my mind. I mean, everybody drinks water. Then I searched for how much it would typically cost for the equipment. The process was pretty straightforward, you think of a name for your business, get it registered, get your equipment setup, get your water sample tested, and sell. The capital needed is around the price range I expected, but then I got to thinking about the expenses for the employees, the utility bills, and how it would go with the current pandemic with coronavirus. I ended up putting this dream on hold for now because it doesn’t seem to be that profitable at the moment, or at least based on my simple calculations.

Selling / Reselling Clothes: 

Oh boy, This one has been popular both on social media and online selling platforms. I searched and searched and searched until I found some options for the possible partnership for reselling clothes, but then my half-empty glass thinking got the better of me. I mean, it’s still doing well right now, but because of the current situation with coronavirus, I don’t think many people would care that much about what they wear. Sales might slowly go downwards, especially since reselling is just selling clothes from other people for a higher price. The thing is, everyone will always try to find ways to save. What’s stopping them from buying to other vendors that sells the same product for a lower price?

Selling Makeup:

I saw this particular local makeup brand. Their products are good, and I’m just one push away from investing in buying their starter pack and working on reselling their makeup together with my wife. What’s stopping me? It’s almost the same with clothes on how people right now wouldn’t be as conscious of their looks since most of us don’t even go out and would want to take the risk of catching the virus. Their deals of providing their skincare and makeup products at a reseller’s price are tempting since you can sell at the same price as any other seller but still get profit. It’s just a matter of who provides better customer service.

Investing In VUL: 

I used to think that one life insurance is enough and who on earth would need more than that? Now I’m thinking of getting more since the business bug hasn’t bitten me yet. I currently have life insurance with an investment program that I plan to use for my retirement. The thing is, I now realize that although the life insurance part (death benefit) is quite an amount. The end profit and total savings, on the other hand, are just a handful and are not enough to live the life I want. So yes, if you have the means, then get more life insurance not just for when you die but also for when you retire.

Out of all those mentioned, which one do you think I’ll go for? I’m not quite sure either, so I’ll save it for my next blog. I’m all ears if you have some business ideas. 

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