It’s a new month and it is with great pleasure to announce that I have found success with dropshipping and bought a foruplex as my first rental property at a great price!
Psych, April fools!
I wish that I could proudly give more achievements since my last post but unfortunately that is not the case…I’ll admit first of all that I lacked the discipline to follow through on what I had planned. However in hindsight, it seems that not taking action turned out to be a good thing. Why?
Coronavirus.
During the duration of March, the disease which, at first, wasn’t even remotely on my radar had completely pulled the rug from beneath me. I started out believing that I had the leisure of pursuing my top two ventures at my own pace. Dropshipping and Real estate investing. Now the landscape is such that I struggle to find a foothold to even get started in either of them.
The impact of the coronavirus pandemic has shook the whole world. Many places, my city included, have taken action by ordering many businesses to restrict their hours of operation or close down completely until the virus stops spreading. This has caused many companies from different industries to lay off people and/or restrict hours to avoid loosing money. People in general are also being encouraged to stay indoors as much as possible in what’s termed “social distancing”.
The result that’s affected me is that now doesn’t appear to be the time to pursue dropshipping since not many people will be willing or able to buy things online outside of the essentials and delivery service may not be as efficient as before. And if I were to try any real estate investments, it’d be difficult to make any deals since any sellers or real estate agents I’d work with are unlikely to be available due to practicing social distancing.
The only venture that seems like it’d be a good idea to chase now would be stock investing since the market is down. However, I don’t feel educated enough yet to jump into it…for now anyway.