Have you ever invested in any of them just yet? I haven't personally because the capital required is very high. It's not very profitable because not many customers have the money to buy your products. So it's a risky investment, I personally would never invest in those either, unless you wanna scam someone with it . Luxury does pay a lot, if invested properly in and wellness and health products if many clients buy from you. If not, it's not quite worth your money to invest in it. I've known a personally friend who's been investing in "Happy" face masks, having a very low profit in return because very little customers would buy it.
Investing in Luxury and Happiness, Health and Wellness Products?
- Thread starter Naiwen
- Start date
There is a huge demand of luxury items in here. In fact, I can see people buying luxury cars as well. The fact of the matter remains that the government has increased the duty and taxes on certain cars. This may make it harder to purchase luxury cars.
Health supplements are getting more popular here. A lot of people take Western or Chinese health supplements on a daily basis. I have bought stocks in a company which manufactures and sells health supplements. The return so far is quite good.
There are many people who invest money on travel and tourism. The fact of the matter re mains that this is also a kind of luxurious expense in the sense that it falls under such category. What do you think?
It is crucial to engage in this type of business because it is in high demand and a lot of people are really after their well-being. Ultimately, investing in this type of business is a very good idea.
I have never invested in the products you mentioned, firstly I have no expertise in that field, large capital is needed, especially if we invest in luxuries such as very expensive branded bags and shoes, luxury watches etc. we also have to have a network in the upper economy class as a customer.
It's a good business but one must properly conceptualise how to go about it. Health and wellness is becoming a trend especially those who can afford to buy as it is being included as a lifestyle expense, for one package for health and wellness is expensive so the area must be strategically located to your targeted customers.
There are so many people who never invest money in luxury because they have an incredibly hard time dealing with financial problems. I have met many such kind of people who are having an extremely hard time dealing with bad financial problems.
