If you’ve been furloughed or laid off as a result of the coronavirus, you’re not alone. At the same time, you can’t let the fact that your unemployment payments are currently larger than average stop you from coming up with a gameplan for the future. After all, it’s unrealistic that you’ll be able to rely on unemployment in the longterm, and it’s crucial that you have a source of income in the face of such economic uncertainty.
Starting a small business is something that can be done in as little as a month, and can help you pivot into a new line of work that lets you find stability even during a global pandemic. Here are a few small business ideas that can be executed relatively quickly, even leveraging your extra income from your unemployment checks to accelerate your prospects of bringing in income fast.
Consider opening a franchise
If you have the money, it may be worth heading to Google or your favorite search engine and searching for “franchise opportunities near me.” While restaurant franchises aren’t necessarily the best choice during ongoing regulations surrounding restaurants, a franchise like the UPS Store may be a better option, since many people are still using the mail for their business and to stay in touch with others. Best of all, the UPS Store offers benefits for veterans like franchise fee assistance and other discounts, making it easier to get your business up and running if you’ve served in the military.
Take advantage of the e-commerce boom with supplement sales
If you aren’t a veteran or would rather work out of your home instead of opening a franchise, it may be worth considering starting an online business. As a result of COVID-19, more and more customers are deciding to shop online, which makes it the perfect time to launch a website selling goods that customers are interested in. The question, then, becomes what will customers still buy online? While groceries or food are an obvious answer, another obvious option is focusing on health and wellness supplements. The health and fitness industry was already booming pre-coronavirus, and now that more people have time to dedicate to eating better and working out the time has never been better to capitalize on this interest.
The first thing you’ll want to do when getting into the supplements business is to determine what niche you want to target. For example, you might want to focus on soft gel capsules and decide that you want to focus on dietary supplements for weight loss or general wellness. Soft gels have a lot of benefits, thanks to the fact that they’re easy to take, have a long shelf life, and can be better tasting than other forms of supplements which can be bitter. The right softgel manufacturers will be able to help you get your hands on these types of supplements, regardless of what niche you’ve chosen.
What sorts of traits should you look for when choosing a soft gel manufacturer? One of the most important characteristics of a high-quality soft gel manufacturer is communication. Whether it’s your contact at the manufacturer or just getting updates about your orders, being able to understand that supplements manufacturing process can help you make the business decisions you need to in order to keep growing. As a private labeler, a company like Superior Supplements has years of experience manufacturing softgel capsules while maintaining the highest standards possible. From pharmaceutical-grade supplements to the resources that will help you scale your business up, partnering with a business such as Superior Supplements is sure to help you get your business from idea to launch in under a month.