Altcoins Talks - Cryptocurrency Forum
Further Discussions => Economics , Sociology & Politics => Topic started by: Dr.Bitcoin_Strange on January 13, 2024, 11:41:38 PM
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Hello guys, so I was thinking just about the best profitable business that anyone can engage in, depending on the country in which they find themselves. There are a lot of people on this forum from different countries all over the world, and as we are from different countries, we have different policies and rules that govern business.
In my country, you can just start some kind of mini business with less capital, and some of those businesses can be very profitable. Businesses such as:
1: selling of cold bottles or sachets of water: In my country, it's usually very hot during the dry season, so if you engage in this business during that period, you will make a lot of profit. So, if you are in a country that experiences a very hot season, you can make use of the opportunity to enter into such a temporary business.
2: mini grocery shop: every day of our lives, we spend on a few things at the grocery shop, so if you are doing a grocery business in a good location, you will definitely be selling more often and making a profit.
3: food business: Every day of our lives, we eat. That's to tell you that there is usually high demand for food items, so if you are actually doing a food business, you will definitely sell and make a profit.
What are the other profitable businesses in your area? Let's discuss.
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You are absolutely correct, the above mention business are very affordable to start with little capital.
In my own opinion, I can say POS business (point of sale) is also a lucrative business in my country, people withdraw money everyday, due to usual bank queue, not everyone can withstand the stress in bank just to withdraw money, so to save time and energy, they go to POS which is more convenient.
This POS business also serve as a life saver in terms of emergency. You don't really need a huge amount of money to start with and less stressful too, once you have a good site or location to stay and you're also a friendly person, you are good to go. There are also many other business too numerous to mention that someone will need a small capital to start with.
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All of this is summed up in a few ideas:
1. The most affordable business - built on people's daily needs. Water, food, medical supplies, etc. This requires - a large audience of potential consumers. In this case, you need to take into account the purchasing power of the population, for example, in the area where you are going to open a store.
You should also evaluate the competition - there are similar offers, how much they meet the needs, what is their price and whether you can give a more competitive price at the same quality.
2. Less affordable but more profitable - this is a business for .... business. For example - internet, setting up and maintaining computer networks, developing accounting systems for private or small business, regular supply of paper, consumables, etc.
These are just a few examples that can be realized without a large initial investment, while receiving a stable income
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If it is a business with the sightedness for a long-term goal apparently crytop currency is the best because you could invest a minimal amount of your capital and let a patient and time run the printable marketing skills for you unlike other business which you hav to undergo the marketing skills and encountering the markets competitions.
Also, a real estate business is also considered one of the best whether you look upon a short-term profitable earnings while it has the offers to a long-term potential goals. Only that this real estate is exclusive to certain financial categories because not everyone could afford the financial requirements for a real estate investment.
However, if we are looking a most quick profitable businesses then we should consider the consumable commodities such as the essentials commodities that are intakes for either tastiness or hungry all just to the satisfaction of the livings body organs and also the materials to maintain healthy human tissues such as drugs (medical medicines)
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I don't know how the OP and everyone who has commented so far focuses on typical 20th century businesses, instead of 21st century businesses. The most profitable businesses of this century have been done on the Internet or related to it.
To begin with, internet businesses are often more profitable because they require less initial investment. You don't need to rent or buy premises, which will cost you a lot in fixed rental or mortgage costs. The type of business will depend on many factors, such as what skills you have, but the most profitable businesses in the 21st century for an individual are certainly not selling water or fruit.
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I have a food business online selling and I deliver them to their house this is a good business of mine I have lots of customers it always sold out. The only problem is due to lots of customers I can't handle them and I'm not a robot to deliver it fast I might need to hire assistance but no budget.
I was thinking of outsourcing some items and becoming an online merchant on big e-commerce sites I was planning to sell something like USB cables or any electronics accessories because I already tried it before it is profitable if you always have new products and since I know how to do SEO it's a big help to promote my business.
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Making money from social media like tik tok, Twitter facebook and Instagram and blogging by advertising a product or posting funny videos, are good means to make profit and you don't need to stress yourself as you can do it from anywhere that you are. If it is offline, I think a small bet shop is also cool, since we have people that gambles everyday for fun or for profit. Down my street, there is a gamble shop that is always filled up with gamblers most of the time.
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I don't know how the OP and everyone who has commented so far focuses on typical 20th century businesses, instead of 21st century businesses. The most profitable businesses of this century have been done on the Internet or related to it.
To begin with, internet businesses are often more profitable because they require less initial investment. You don't need to rent or buy premises, which will cost you a lot in fixed rental or mortgage costs. The type of business will depend on many factors, such as what skills you have, but the most profitable businesses in the 21st century for an individual are certainly not selling water or fruit.
Well right, this should also be a consideration, in this era the internet is a place where you can do everything, including business, it's just that we must first have an algorithm so that we can use the internet and do business there.
Now we don't have to have goods to sell goods and don't have to have a place if you want to do business, one of them is by becoming a reseller of a company or certain goods.
I see that it has many advantages, yes even though it takes longer to have customers. I see many people who do that, and even the owner of the goods or company also opens cooperation to anyone to become a reseller.
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It will vary depending on the regions, but the rule is fixed. As long as you can provide the right commodity at the right price at the right time, you will make profits. Therefore, search for the appropriate commodity and whether it has a need, such as food, entertainment, gold, silver, etc., and then move to the appropriate price. Your price must be at the same market price. Or cheaper, so strive to make it at that price and then determine the appropriate time. You cannot sell cold water in the winter, so once you achieve the triangle above efficiently, then you will be able to make a profit easily.
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Well I strongly agree with all the businesses you have listed there all are profitable and can earn a living, but for me I believe every business is profitable as far has you follow the business strategy?
1. First of all you survey around the area you want to start up a business, are this people really consuming such product am about to start up with
2. Security: is the place so secure to avoid being harmed or your business for not being destroyed incase a riot took place
3.What is the climate weather of the state (Incase if it is perishable goods ) you want to start up with
4. Look for a less price and attach to yours and make sure people don’t partake in such a business i.e competitors and it is human needs
5. Lastly be humble and friendly to your costumers.
So with this little points of my I believe you are convinced that every business is profitable as far has you follow the laid down strategies and more.
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Knowing which business that is very profitable has to do with the type of business you engage your self into or you do and carry out. There are various business that generate high profit or are profitable. There are factors that aid to a high rate of profit, for you to get a profitable business you must have to consider some factors which are, location, market demands, competition, industry trends and skills abilities. profitable business depends on the type of business you engage in and some business that are more profitable,some of this business are, technological and software development, e-commerce and online retail and let more are profitable business.
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Firstly, basic needs then followed by electronic gadgets and precious metal collectible coins. But this will depend on which country we are in because in some other places this might not work. Since we are talking about very profitable no doubt basic needs like food, water, oil and other things humans need to survive will make sense. Electronic devices will also be on this spot as we can see that this is one of the new trends nowadays. Collectible precious metal coins for me is profitable given the fact that their values will sky rocket as time goes by especially the antique ones.
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Considering the state of affairs in our nation right now, there are plenty of businesses that may be quite profitable, but I personally own two that I believe are both extremely important and profitable.Before launching a company that will benefit both society and ourselves, we will first take account of what people need or want on a daily basis. Thus, my top recommendation is..
1. Selling food items: Since food is one of the main weaknesses of humans, it is impossible for them to live without it. As a result, selling food items is incredibly profitable and will bring in large sums of money.
2. (Pharmacy): This is one of the most lucrative businesses as well. If you have training in medicine or are skilled in that field and cannot find employment, this is an ideal business for you to enter. People can't live without purchasing drugs; they buy them to relieve stress or treat illnesses. These are my two main, highly profitable businesses.
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1. Selling food items: Since food is one of the main weaknesses of humans, it is impossible for them to live without it. As a result, selling food items is incredibly profitable and will bring in large sums of money.
2. (Pharmacy): This is one of the most lucrative businesses as well. If you have training in medicine or are skilled in that field and cannot find employment, this is an ideal business for you to enter. People can't live without purchasing drugs; they buy them to relieve stress or treat illnesses. These are my two main, highly profitable businesses.
This can apply to all investments, as pharmacy and food are considered essential, but it is the same for trade in water, gasoline, oil, and all the basics of life. Investing in food and pharmacy may not be profitable if you do not understand the market rules of supply and demand and seize the appropriate opportunity, as farmers are now protesting because food prices are low and medicines may spoil.
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in my country the food business is promising all the time, especially during the month of Ramadan there will be many impromptu sellers selling sweet foods to break the fast,
Not only during the fasting month, in fact, if you are in the business of selling food, people will always be looking for it
Without having to open a kiosk, you can sell at home online and delivery via special food delivery couriers
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in my country the food business is promising all the time, especially during the month of Ramadan there will be many impromptu sellers selling sweet foods to break the fast,
Not only during the fasting month, in fact, if you are in the business of selling food, people will always be looking for it
Without having to open a kiosk, you can sell at home online and delivery via special food delivery couriers
Agree. Humans need to eat because that is the only way we can repay our body for a tiring and exhausting day most especially when we are working or having any other physical activities. Food is also one of the basic needs we cannot ignore because we crave for it and we need it. During pandemic food delivery is one of the most profitable way of business and it's on trend nowadays.
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What are the other profitable businesses in your area? Let's discuss.
In my area, street foods are popular businesses that offer various types of food. This particular setup is commonly known as a night market, which operates from evening till midnight. Numerous stores are situated along an entire street with a lot of foot traffic, and businesses in the area include street food vendors, coffee stalls, food booths that serve rice meals, and many others.
This kind of setup is not unique to my area but can be found in other parts of the country as well. Many teenagers and adults enjoy spending their evenings with friends, eating out, or having coffee.
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What are the other profitable businesses in your area? Let's discuss.
In my area, street foods are popular businesses that offer various types of food. This particular setup is commonly known as a night market, which operates from evening till midnight. Numerous stores are situated along an entire street with a lot of foot traffic, and businesses in the area include street food vendors, coffee stalls, food booths that serve rice meals, and many others.
This kind of setup is not unique to my area but can be found in other parts of the country as well. Many teenagers and adults enjoy spending their evenings with friends, eating out, or having coffee.
Yeah same here mate as we cane from the same country if I am not mistaken. Night markets are booming nationwide and some business minded people grab this opportunity as we all know we've been trapped inside our houses 2-3 years ago because of pandemic and yeah it is now on trend. Though I am a bit frugal guy because I am preparing for something that is why I can't support local vendors I prefer eating healthy and free foods at home than spending money outside. 😅 But all I can say is that food business is great.
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What are the other profitable businesses in your area? Let's discuss.
In my area, street foods are popular businesses that offer various types of food. This particular setup is commonly known as a night market, which operates from evening till midnight. Numerous stores are situated along an entire street with a lot of foot traffic, and businesses in the area include street food vendors, coffee stalls, food booths that serve rice meals, and many others.
This kind of setup is not unique to my area but can be found in other parts of the country as well. Many teenagers and adults enjoy spending their evenings with friends, eating out, or having coffee.
Yeah same here mate as we cane from the same country if I am not mistaken. Night markets are booming nationwide and some business minded people grab this opportunity as we all know we've been trapped inside our houses 2-3 years ago because of pandemic and yeah it is now on trend. Though I am a bit frugal guy because I am preparing for something that is why I can't support local vendors I prefer eating healthy and free foods at home than spending money outside. 😅 But all I can say is that food business is great.
Actually, the concept of a night market existed even before the pandemic. This is similar to a food hub, where different food stalls or booths are located in a limited area. However, due to the pandemic, these food hubs were closed. Now, they have expanded the concept and have set up more food stalls by using entire streets in various locations around the country, which has become very popular with everyone.
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Hello guys, so I was thinking just about the best profitable business that anyone can engage in, depending on the country in which they find themselves. There are a lot of people on this forum from different countries all over the world, and as we are from different countries, we have different policies and rules that govern business.
In my country, you can just start some kind of mini business with less capital, and some of those businesses can be very profitable. Businesses such as:
1: selling of cold bottles or sachets of water: In my country, it's usually very hot during the dry season, so if you engage in this business during that period, you will make a lot of profit. So, if you are in a country that experiences a very hot season, you can make use of the opportunity to enter into such a temporary business.
2: mini grocery shop: every day of our lives, we spend on a few things at the grocery shop, so if you are doing a grocery business in a good location, you will definitely be selling more often and making a profit.
3: food business: Every day of our lives, we eat. That's to tell you that there is usually high demand for food items, so if you are actually doing a food business, you will definitely sell and make a profit.
What are the other profitable businesses in your area? Let's discuss.
All business can be profitable depending on the foundation of your business, and also the level of how committed you are to your business.
Before opening a business you'll do some marketing surveying first to know the basic needs and wants of the people in the particular environment you want to do the business. Taking for instance you can't go and sell dried fish in a primary school and expert your business to grow, because in that particular environment the kids in the school don't need them at school, rather you can sell snacks for them, because definitely some will come to school with money for lunch during breake period.
So before doing business you have to have ideas and experiences about it to make sure that your business do not collapse or go bankruptcy.
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Actually, the concept of a night market existed even before the pandemic. This is similar to a food hub, where different food stalls or booths are located in a limited area. However, due to the pandemic, these food hubs were closed. Now, they have expanded the concept and have set up more food stalls by using entire streets in various locations around the country, which has become very popular with everyone.
Yeah pandemic really hurt these businesses and here in my place suffer a devatating loss when a supetyphoon hit us that is why it gives these businesses delay to get back up again since we are heavily damaged financially due to overspending on repairs. But some of them are operating normally right now but few of them don't have the guts to re-establish their stalls especially those who are heavily affected and did not anticipate the disaster.
Food stalls here in my area is quiet decreasing based on my observation and comparison before the pandemic. I don't know if the people themselves lose their interests or afraid of what had happen before or what but it is what it is.
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Hello guys, so I was thinking just about the best profitable business that anyone can engage in, depending on the country in which they find themselves. There are a lot of people on this forum from different countries all over the world, and as we are from different countries, we have different policies and rules that govern business.
In my country, you can just start some kind of mini business with less capital, and some of those businesses can be very profitable. Businesses such as:
1: selling of cold bottles or sachets of water: In my country, it's usually very hot during the dry season, so if you engage in this business during that period, you will make a lot of profit. So, if you are in a country that experiences a very hot season, you can make use of the opportunity to enter into such a temporary business.
2: mini grocery shop: every day of our lives, we spend on a few things at the grocery shop, so if you are doing a grocery business in a good location, you will definitely be selling more often and making a profit.
3: food business: Every day of our lives, we eat. That's to tell you that there is usually high demand for food items, so if you are actually doing a food business, you will definitely sell and make a profit.
What are the other profitable businesses in your area? Let's discuss.
Actually, farming is a lucrative business,farming business such as fish farming, pig farming and poultry farming etc. farming businesses is very lucrative, because there's more money in agriculture than oil and gas. In this 21st century, based on technology, you can market your produce online through the help of the internet, so to me I believe farming business is more profitable than any other business for now. That's my opinion.
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Hello guys, so I was thinking just about the best profitable business that anyone can engage in, depending on the country in which they find themselves. There are a lot of people on this forum from different countries all over the world, and as we are from different countries, we have different policies and rules that govern business.
In my country, you can just start some kind of mini business with less capital, and some of those businesses can be very profitable. Businesses such as:
1: selling of cold bottles or sachets of water: In my country, it's usually very hot during the dry season, so if you engage in this business during that period, you will make a lot of profit. So, if you are in a country that experiences a very hot season, you can make use of the opportunity to enter into such a temporary business.
2: mini grocery shop: every day of our lives, we spend on a few things at the grocery shop, so if you are doing a grocery business in a good location, you will definitely be selling more often and making a profit.
3: food business: Every day of our lives, we eat. That's to tell you that there is usually high demand for food items, so if you are actually doing a food business, you will definitely sell and make a profit.
What are the other profitable businesses in your area? Let's discuss.
Actually, farming is a lucrative business,farming business such as fish farming, pig farming and poultry farming etc. farming businesses is very lucrative, because there's more money in agriculture than oil and gas. In this 21st century, based on technology, you can market your produce online through the help of the internet, so to me I believe farming business is more profitable than any other business for now. That's my opinion.
Since this falls into the category of food sector no doubt it is one of the most profitable business nowadays. I can actually see this strategy here in my locality where they use social media platforms to market their products and for me it just make things easy for both the buyer and the seller.
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Finding a targeted audience might help an organization become more successful. A targeted audience is a precise group of people who are interested in what you have to offer. Instead of beginning an entire pup-sitting business, you may concentrate on providing pup-sitting services exclusively for professionals with jobs who require someone to care for their pet throughout the day. By identifying a targeted audience, you may customize your marketing and products or services to the demands of a certain group of people. So profitability takes time; it does not come immediately, so be calm and focus on developing a solid foundation to support your firm.
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Hello guys, so I was thinking just about the best profitable business that anyone can engage in, depending on the country in which they find themselves. There are a lot of people on this forum from different countries all over the world, and as we are from different countries, we have different policies and rules that govern business.
In my country, you can just start some kind of mini business with less capital, and some of those businesses can be very profitable. Businesses such as:
1: selling of cold bottles or sachets of water: In my country, it's usually very hot during the dry season, so if you engage in this business during that period, you will make a lot of profit. So, if you are in a country that experiences a very hot season, you can make use of the opportunity to enter into such a temporary business.
2: mini grocery shop: every day of our lives, we spend on a few things at the grocery shop, so if you are doing a grocery business in a good location, you will definitely be selling more often and making a profit.
3: food business: Every day of our lives, we eat. That's to tell you that there is usually high demand for food items, so if you are actually doing a food business, you will definitely sell and make a profit.
What are the other profitable businesses in your area? Let's discuss.
All business can be profitable depending on the foundation of your business, and also the level of how committed you are to your business.
Before opening a business you'll do some marketing surveying first to know the basic needs and wants of the people in the particular environment you want to do the business. Taking for instance you can't go and sell dried fish in a primary school and expert your business to grow, because in that particular environment the kids in the school don't need them at school, rather you can sell snacks for them, because definitely some will come to school with money for lunch during breake period.
So before doing business you have to have ideas and experiences about it to make sure that your business do not collapse or go bankruptcy.
You are right. Every business is profitable. It is a function of the person managing the business. We have good business managers and bad managers. Good business managers are experts and creative in handling business so they can make the business grow and generate profit whereas a bad manager will keep complaining about the downfall of the business without trying to map out a strategy that can make the business generate profit.
Sometimes, some business owners don't carry out feasibility studies before starting a business and then keep complaining afterward. Every good business must start with a feasibility study. This can tell how viable a particular business is for its targeted audience.
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I consider the segment of food production and sales to be the most stable ! The fact is that food products have been and will be consumed by ALL segments of the population until the end of the human species. Yes, I will warn that mass food products are not the most high-margin goods, but they have a huge market of consumers, and in some countries there is even an increased demand. Therefore, any investment or building your own business based on food (production, sales) - "doomed to success" :)
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I consider the segment of food production and sales to be the most stable ! The fact is that food products have been and will be consumed by ALL segments of the population until the end of the human species. Yes, I will warn that mass food products are not the most high-margin goods, but they have a huge market of consumers, and in some countries there is even an increased demand. Therefore, any investment or building your own business based on food (production, sales) - "doomed to success" :)
Yes no doubt about that and since it belongs to the basic human needs it won't become something obsolete just because of the fact that we all need it. It is just the matter of improvements on how presentable and unique the preparation we had and of course the effort we put into it and most importantly the capital and skills needed to start our own food business.