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.
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The most profitable businesses are businesses that center around the basic needs of Man which is the food, shelter and clothing.
1: selling of cold bottles or sachets of water:
2: mini grocery shop:
3: food business:
All the above can be classified under food.
Businesses centered on providing shelter will also do well because people always need a place to stay. If you have good contacts, real estate can be a very profitable business for you.
Also, because people do not only wear one cloth, if you sell good clothes, you will always be in business.
The best businesses are those that focus on making little profit from very many customers so that when it is put together, profit becomes big or large profit from very few customers so that when it is put together, it is equally big as well.
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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.
Unfortunately, this assumption only works under ideal conditions. There are a lot of external and internal factors that can both give explosive growth to a business and stop it altogether.... And the last few years have shown that very well. I think that for the most part we are talking about small and private business, from which many people start their private activity. And it has many peculiarities - from the ability to offer a unique set of goods and services and competitive prices, to the availability of a sufficient target audience with the right level of income to ensure the viability of the business. You will always have expenses on one bowl and income on the other. And the problem is that incorrect business calculations can lead to the fact that you will have guaranteed expenses (rent, salaries, taxes, licenses, electricity, transportation,...) and NEGARANTEE income, or income not exceeding expenses. And if "yesterday" the business had a positive balance, tomorrow it can change its vector. At the same time, it should be remembered that the state helps CROWN business, but it does not care about small business.... Therefore, always calculate, forecast, and what is VERY IMPORTANT - determine the RISKS for business, and their probability. Then it will be easier for you to start and maintain your business.
PS Another interesting but not the easiest approach is to build a well-established business and sell it to competitors :) Sometimes it can be VERY profitable
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Of course, any business can be profitable, but the more experience you gain in the business and the more dependable you will be. To do business inside the country you have to follow many rules especially you have to conduct the business according to the rules given by the government of that country. Especially your analysis that in my country hot season you will get any kind of cold food.
Again during cold season you can buy hot food and all these businesses you can start with small capital.
We have no alternative to grocery stores to collect food to carry out our daily life, so these stores are always more popular and customers flock to these stores.
Food businesses are always more profitable, but fresh food should always be stocked to keep the store organized.
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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.
You are absolutely right, and I have seen people who are benefitting from the above mentioned such as TikTok and all that and it has been helping most of, even change their lives for good but it depends on individuals on what they can do as some people might find it challenging to gain from it because of the requirement they are to put in before they can benefit from it, for example time and energy, which some people find it hard to do. So for me, I think it will be so stressful for most people to comprehend.
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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.
I am from Bangladesh and my location near Sundarban. Sundarban is largest mangrove forest in the world. And Sundarbans Honey is famous world wide.
Our government give pass to collect honey. And this honey export allover the world.
If anyone want to buy it i well be able to collect and I can deliver it easily. Even if anyone want to buy it for business i can deliver it easily.
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Now any business if it is done optimally and follows modern trends, it will be liked by many people and new customers will start to arrive.
Moreover, any small business is now supported by free digital promotions through social media, especially on TikTok, IG, X (Twitter) etc.
The food business now in my place is in great demand, many new food businesses are emerging and it can generate a decent profit if it is done consistently and more customers will come.
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What are the other profitable businesses in your area? Let's discuss.
Buy and sell is very profitable here in our country, you import used clothes from abroad in boxes and you sell them here individually it's very profitable, all you need is a good location or an online store and you can make 5 times the profit you invested on the boxes that you import.
We can this business Ukay Ukay and there's a store like this in every marketplace because people here like branded clothes even if its second-hand.
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A business that calls for daily usage or what human beings can not go a day without or use mostly, can be taken as a profitable business because of its daily demands by humans.
Such profitable businesses are as follows: Agriculture, food, hotel, transportation, clothesline, Real estate, and oil and gas.
The mentioned businesses are in high demand. Human beings can not go a day or do without them in their daily lives. This makes their demands high in the life of every human being because someway we make use of them in our day-to-day life activities and survival
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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.
THIS....
I have opened my Food business back in the days at least 8 years ago and I run for 5 years and indeed food business is realy profitale.
you just have to love foods and have passion on it, but if you are not a food lover then forget about this area.
Food is life, this is the very first thing that human needs.
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What are the other profitable businesses in your area? Let's discuss.
Buy and sell is very profitable here in our country, you import used clothes from abroad in boxes and you sell them here individually it's very profitable, all you need is a good location or an online store and you can make 5 times the profit you invested on the boxes that you import.
We can this business Ukay Ukay and there's a store like this in every marketplace because people here like branded clothes even if its second-hand.
Yeah this one is profitable too aside from food business. And we can see ukay-ukay in every corner of our towns. My cousins have this business and yeah they do have a lot of costumers since they are having those clothings that are on trend.
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What are the other profitable businesses in your area? Let's discuss.
Buy and sell is very profitable here in our country, you import used clothes from abroad in boxes and you sell them here individually it's very profitable, all you need is a good location or an online store and you can make 5 times the profit you invested on the boxes that you import.
We can this business Ukay Ukay and there's a store like this in every marketplace because people here like branded clothes even if its second-hand.
Yeah this one is profitable too aside from food business. And we can see ukay-ukay in every corner of our towns. My cousins have this business and yeah they do have a lot of costumers since they are having those clothings that are on trend.
Asides that, the transportation business has also proven to be a very thriving and profitable business which I believe comes after food, everyday People need to move out from their house in order to move to their various destination, to seek for their daily bread and livelihood, and not many people have their own personal means of transportation, so being able to take them to their desired destination for a fee would indeed be a very profitable business.
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What are the other profitable businesses in your area? Let's discuss.
Buy and sell is very profitable here in our country, you import used clothes from abroad in boxes and you sell them here individually it's very profitable, all you need is a good location or an online store and you can make 5 times the profit you invested on the boxes that you import.
We can this business Ukay Ukay and there's a store like this in every marketplace because people here like branded clothes even if its second-hand.
Yeah this one is profitable too aside from food business. And we can see ukay-ukay in every corner of our towns. My cousins have this business and yeah they do have a lot of costumers since they are having those clothings that are on trend.
Asides that, the transportation business has also proven to be a very thriving and profitable business which I believe comes after food, everyday People need to move out from their house in order to move to their various destination, to seek for their daily bread and livelihood, and not many people have their own personal means of transportation, so being able to take them to their desired destination for a fee would indeed be a very profitable business.
Yeah I agree because here in my province starting way back in pandemic fare was becoming an issue since price was becoming more expensinve like ×2 the minimum before the crisis hit us and until now it still has double the price before. With prices from van, buses I don't think it is natural since it doubled since pandemic.
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What are the other profitable businesses in your area? Let's discuss.
Buy and sell is very profitable here in our country, you import used clothes from abroad in boxes and you sell them here individually it's very profitable, all you need is a good location or an online store and you can make 5 times the profit you invested on the boxes that you import.
We can this business Ukay Ukay and there's a store like this in every marketplace because people here like branded clothes even if its second-hand.
Yeah this one is profitable too aside from food business. And we can see ukay-ukay in every corner of our towns. My cousins have this business and yeah they do have a lot of costumers since they are having those clothings that are on trend.
But the competition in this kind now specially here in Metro Manila is very tight not unless you are good in Online selling or LIVE SELLING? its harder to gain new costumers because almost every streets here has their store of Ukay-Ukay or there are Surplus shops , not to mentioned those SHIEN things and those they called now as MALL FULL OUT in which very cheap that sometimes more cheaper than Ukay but they are new and just have no other sizes so the malls need to pull them out.
But indeed that this is one of a good business if you are good in online marketing .
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What are the other profitable businesses in your area? Let's discuss.
Buy and sell is very profitable here in our country, you import used clothes from abroad in boxes and you sell them here individually it's very profitable, all you need is a good location or an online store and you can make 5 times the profit you invested on the boxes that you import.
We can this business Ukay Ukay and there's a store like this in every marketplace because people here like branded clothes even if its second-hand.
Yeah this one is profitable too aside from food business. And we can see ukay-ukay in every corner of our towns. My cousins have this business and yeah they do have a lot of costumers since they are having those clothings that are on trend.
But the competition in this kind now specially here in Metro Manila is very tight not unless you are good in Online selling or LIVE SELLING? its harder to gain new costumers because almost every streets here has their store of Ukay-Ukay or there are Surplus shops , not to mentioned those SHIEN things and those they called now as MALL FULL OUT in which very cheap that sometimes more cheaper than Ukay but they are new and just have no other sizes so the malls need to pull them out.
But indeed that this is one of a good business if you are good in online marketing .
Well yeah the cehaper you get from a supplier the better but unfortunately for me this does not work because I am not that good in online selling, I have tried that before with electronic devices like mobile phones and other important things but I am not happy with the result so yeah I stop online selling and proceed to crypto. Clothing business is good just like electronic devices but selling is not my thing and I had to give other people the chance to have no competition and I think they are doing it well than me. 😅
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What are the other profitable businesses in your area? Let's discuss.
Sharing of internet connection.
This might not be familiar with other countries but here in our country, there are some houses that has a connection that are sharing their internet to their neighbors and of course it isn't free. In some remote places like where I'm currently living, we can't have an internet connection because fiber optic cables can't reach our place. Now what we do is we bought another ISP, shared it to our neighbors and it is continuously generating us income. The income isn't that high, but it covers our monthly subscription to the internet, and some of our monthly groceries.
Aside from that, I believe another business that might be profitable in our area is selling some feeds for the pigs/hogs. Anyway, we are in a remote area with a thousand people living so any business would be profitable because there's high chance that you're the only one that has that kind of business.
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The culinary business trend has never dimmed in my environment since the pandemic. I have a close friend who was successful with this business just by opening a sales stand in front of his house. Sells culinary delights with a different list of dishes every few days based on certain areas. In order to avoid excess production, he posted a menu list on WA status to implement a pre-order system and only cook a number of incoming orders. It's not uncommon for him to receive yesterday's menu orders and cook specially because of the large order.
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What are the other profitable businesses in your area? Let's discuss.
Buy and sell is very profitable here in our country, you import used clothes from abroad in boxes and you sell them here individually it's very profitable, all you need is a good location or an online store and you can make 5 times the profit you invested on the boxes that you import.
We can this business Ukay Ukay and there's a store like this in every marketplace because people here like branded clothes even if its second-hand.
Yeah this one is profitable too aside from food business. And we can see ukay-ukay in every corner of our towns. My cousins have this business and yeah they do have a lot of costumers since they are having those clothings that are on trend.
But the competition in this kind now specially here in Metro Manila is very tight not unless you are good in Online selling or LIVE SELLING? its harder to gain new costumers because almost every streets here has their store of Ukay-Ukay or there are Surplus shops , not to mentioned those SHIEN things and those they called now as MALL FULL OUT in which very cheap that sometimes more cheaper than Ukay but they are new and just have no other sizes so the malls need to pull them out.
But indeed that this is one of a good business if you are good in online marketing .
Well yeah the cehaper you get from a supplier the better but unfortunately for me this does not work because I am not that good in online selling, I have tried that before with electronic devices like mobile phones and other important things but I am not happy with the result so yeah I stop online selling and proceed to crypto. Clothing business is good just like electronic devices but selling is not my thing and I had to give other people the chance to have no competition and I think they are doing it well than me. 😅
I have also do that in the past before pandemic when i sell mobile in office of my fiance and yeah that runs good that we have given them 6-8 paying time in which runs for 3-4 months .
Each payday of 15-30 they need to pay 12.5% of the total though yeah I am giving them 50% above the original price and thats fine with them.
but when pandemic happens and all offices and businesses closed? same as my fiance's office that got deeply affected .
but indeed that business such electronic gadgets is a goodway to earn from online .
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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.
I am from Bangladesh and my location near Sundarban. Sundarban is largest mangrove forest in the world. And Sundarbans Honey is famous world wide.
Our government give pass to collect honey. And this honey export allover the world.
If anyone want to buy it i well be able to collect and I can deliver it easily. Even if anyone want to buy it for business i can deliver it easily.
This is very interesting ! There are a few questions:
1. is this production under VSIS control, or your personal initiative ?
2. is it honey from wild honey bees Apis dorsata, Apis cerana and Apis florea, or from "adapted" European bees Apis mellifera ?
3. What are the logistics/delivery options from Bangladesh towards Europe ?
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If you're thinking of a very profitable business not to do, there are many of them and most were online, but we must be ready to consider their respective risk involved before acceptance, we can make money as quick as possible but we are expected to take some control measures on the way which we go after making money online, even though we all know that digital business is now the most trending means of making money, same way its also very dangerous to easily lose it.
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What makes a business very profitable is the idea behind it, who is behind a business will determine how far it could be profitable or not, then we also have to consider that most of the most profitable business are the ones that comes with high risk, are the people ready to go for what could take risk on them, or are they even willing to render the needed efforts for a business to thrive through and survive.
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There are some profitable small capital businesses in my area-
1. Floating food stalls on the side of the road, which we know as street food. Where a lot of tempting food is sold, which is seen by many buyers. In this business you can earn $25-$30 by investing $100 regularly.
2. Floating shops of lemonade during summer. In this business you need $20-$25 as capital and you can earn $10-$15 with this capital.
3. Boat trips during monsoons. People in the urban areas of our area like boats a lot. During the rainy season, when the rivers and canals are full of water, a lot of money can be earned by taking tourists on a boat. In this case you need to have a boat as capital.
There are many other such businesses that you can do for some time with less capital.
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What makes a business very profitable is the idea behind it, who is behind a business will determine how far it could be profitable or not, then we also have to consider that most of the most profitable business are the ones that comes with high risk, are the people ready to go for what could take risk on them, or are they even willing to render the needed efforts for a business to thrive through and survive.
To a business, profitability is all about the idea of the business and the individual who thought it up. If there’s a great concept and a strong-willed visionary standing at the head of the enterprise, success is a certainty. However, lets be realistic here, the biggest businesses are always associated with the biggest risks. Someone told me I gotta be willing to take that step and work for it, I could summarize that as follow. For example, it may be exceedingly simple to embark on a business venture, but it becomes a challenge to grow the business and sustain profits. You have to be willing to work for it and build the sweat equity, and at times, more importantly, take certain calculated risks and be prepared to make adaptations to changes that are taking place within the market
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As I have noticed the very profitable businesses are those that sell the needs of people like water refilling stations and food stalls. Water is one of the important needs of a human that's why it is an effective business but for food stalls, you have a strong competition you need to stand out and be unique so that you can attract customers to buy your food.
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As I have noticed the very profitable businesses are those that sell the needs of people like water refilling stations and food stalls. Water is one of the important needs of a human that's why it is an effective business but for food stalls, you have a strong competition you need to stand out and be unique so that you can attract customers to buy your food.
Yeah basic needs are the most profitable business we can invest and it's not gonna let us down depending on how we promote and handle our business as we all know this business type is one of the most competing one in the hood or even all over the world and yeah especially here in my place. Food, water, clothing, shelter you name it we all need it.
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As I have noticed the very profitable businesses are those that sell the needs of people like water refilling stations and food stalls. Water is one of the important needs of a human that's why it is an effective business but for food stalls, you have a strong competition you need to stand out and be unique so that you can attract customers to buy your food.
Yeah basic needs are the most profitable business we can invest and it's not gonna let us down depending on how we promote and handle our business as we all know this business type is one of the most competing one in the hood or even all over the world and yeah especially here in my place. Food, water, clothing, shelter you name it we all need it.
the thing with having a business that offers the basic needs of people, you know you will always have a market this type of business is what people call the 'boring business' because it is not that unique and you see it everywhere
but that literally is the reason why you see it everywhere: it is needed by all kinds of people in all kinds of social class
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As I have noticed the very profitable businesses are those that sell the needs of people like water refilling stations and food stalls. Water is one of the important needs of a human that's why it is an effective business but for food stalls, you have a strong competition you need to stand out and be unique so that you can attract customers to buy your food.
Yeah basic needs are the most profitable business we can invest and it's not gonna let us down depending on how we promote and handle our business as we all know this business type is one of the most competing one in the hood or even all over the world and yeah especially here in my place. Food, water, clothing, shelter you name it we all need it.
the thing with having a business that offers the basic needs of people, you know you will always have a market this type of business is what people call the 'boring business' because it is not that unique and you see it everywhere
but that literally is the reason why you see it everywhere: it is needed by all kinds of people in all kinds of social class
True and it is also prone to people taking chances for credits that is also the reason why some may feel broing and some resulted in closure of stores especially here in my place as debt is inevitable and store owners cannot refuse their neighbors especially if it was for the family that were struggling poverty.
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Food stations will always be a good business idea for this. People are increasing day by day in the world. The demand for food is also increasing. And the people of the present era are more luxury lovers. They like to eat out.
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As I have noticed the very profitable businesses are those that sell the needs of people like water refilling stations and food stalls. Water is one of the important needs of a human that's why it is an effective business but for food stalls, you have a strong competition you need to stand out and be unique so that you can attract customers to buy your food.
Yeah basic needs are the most profitable business we can invest and it's not gonna let us down depending on how we promote and handle our business as we all know this business type is one of the most competing one in the hood or even all over the world and yeah especially here in my place. Food, water, clothing, shelter you name it we all need it.
the thing with having a business that offers the basic needs of people, you know you will always have a market this type of business is what people call the 'boring business' because it is not that unique and you see it everywhere
but that literally is the reason why you see it everywhere: it is needed by all kinds of people in all kinds of social class
True and it is also prone to people taking chances for credits that is also the reason why some may feel broing and some resulted in closure of stores especially here in my place as debt is inevitable and store owners cannot refuse their neighbors especially if it was for the family that were struggling poverty.
I have to give as example here in my community , back in the days small convenience stores is rarely to find , I mean in each streets maybe you can only find one or 2 stores , but not now as you can imagine neighbors of 5 have same product of selling?
and sad part is their store is next to each other , how can they have profit when each of them have almost the same type of product?
there is no originality and they are only wasting time and effort , this is why i put my business far from my house so at least i can have my own costumer and product.
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As I have noticed the very profitable businesses are those that sell the needs of people like water refilling stations and food stalls. Water is one of the important needs of a human that's why it is an effective business but for food stalls, you have a strong competition you need to stand out and be unique so that you can attract customers to buy your food.
Yeah basic needs are the most profitable business we can invest and it's not gonna let us down depending on how we promote and handle our business as we all know this business type is one of the most competing one in the hood or even all over the world and yeah especially here in my place. Food, water, clothing, shelter you name it we all need it.
the thing with having a business that offers the basic needs of people, you know you will always have a market this type of business is what people call the 'boring business' because it is not that unique and you see it everywhere
but that literally is the reason why you see it everywhere: it is needed by all kinds of people in all kinds of social class
True and it is also prone to people taking chances for credits that is also the reason why some may feel broing and some resulted in closure of stores especially here in my place as debt is inevitable and store owners cannot refuse their neighbors especially if it was for the family that were struggling poverty.
I have to give as example here in my community , back in the days small convenience stores is rarely to find , I mean in each streets maybe you can only find one or 2 stores , but not now as you can imagine neighbors of 5 have same product of selling?
and sad part is their store is next to each other , how can they have profit when each of them have almost the same type of product?
there is no originality and they are only wasting time and effort , this is why i put my business far from my house so at least i can have my own costumer and product.
Yeah same here in my place, I think only one variety store here or two are consistent while others are not due to the fact that they are all having the same goods and services without even spending time and effort to improvise and that is I think the reason why some fail and the other reason is the price which is not competitive and I don't even tried to buy again because of that I prefer to buy at fair grocery stores with reasonable prices.
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Food stations will always be a good business idea for this. People are increasing day by day in the world. The demand for food is also increasing. And the people of the present era are more luxury lovers. They like to eat out.
The demand surely is increasing, but the question is "Will the supply cope up with the rising demand?"
Food business is a good business idea, but in order for it to become a successful one, there are some factors that food business owners must understand. Things like the location, the management, etc. I just made a quick google search though, and it turns out that 20% of food businesses failing during their first year. 30% are failing in the first 3 years, and 50% are failing in the first 5 years.
Food business might be a good business, but also take note the competition around that's why location is always a big factor when it comes to the success of the business.
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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.
Before think of a profitable business do a quick survey of your locality and environment, look for a need and solve it what do I mean?? A lot of people do businesses that are regular and too common, I know you are a Nigerian so you about how people get involved in starting a pos business, in my vicinity there's a pos shop in every direction you look, and they wonder why they are struggling with making profit. Find something the people there are in need of but can't get, start selling these items and don't worry about anyone trying to start a competition with you because you must have already built a good networking and customer base
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Every business is profitable and it just depends on the location of your business and the number of available customers that are readily available to patronize your business. Some are high paying business that requires a lot of capital to start while some require little capital. What matters most is you been able to market your business and you’re been patronized more often. You can’t have a very big business and not sell, the person with a smaller one that makes a net income of what you earn a day over a long period of time will be more profitable than you if they make it after every two days. So all that matters is your location and your customers proximity.
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Before think of a profitable business do a quick survey of your locality and environment, look for a need and solve it what do I mean?? A lot of people do businesses that are regular and too common, I know you are a Nigerian so you about how people get involved in starting a pos business, in my vicinity there's a pos shop in every direction you look, and they wonder why they are struggling with making profit. Find something the people there are in need of but can't get, start selling these items and don't worry about anyone trying to start a competition with you because you must have already built a good networking and customer base
You make a fine point. But it’s unfortunate that manny people do not really understand the concept of business, some people think it’s by doing what works for others, but they forget that their approach and strategy may differ from your own and when you delve into the same line of business, you either end up in losses or they don’t make as much profit as the next person, because they lack both the expertise and the strategy to make the business thrive.
Business should be about meeting the needs of the people around a particular location through rendering a particular service or goods and not just about doing what the next person is doing. Business is also about having a vision. Behind every thriving business is a vision, because a business without a vision isn’t likely to go far.
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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.
If you are making a lot of income from it and the demand is high have you considered having multiple dispatch riders, this would be a fast and efficient way to deliver your items to them and this would also help you get good reviews , but it all depends on your plan and budget. Your ideas are very lucrative this is what I always tell people, don't just Dona random business that's common find the need of people around you and look for a way to solve it, your business isn't going to have a lot of competition because peoples focus are not on it, take advantage of your customer base all you need is time to grow
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Groceries can have many other items including foods, water business which is also related to food business can be very productive... Comparing it to other businesses and peoples needs, someone can stay a whole year without new clothes but how many days will it be without food...
Somehow requires alot of capital, however depending on location. Also it can be started on a very small scale..
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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.
If you are making a lot of income from it and the demand is high have you considered having multiple dispatch riders, this would be a fast and efficient way to deliver your items to them and this would also help you get good reviews , but it all depends on your plan and budget. Your ideas are very lucrative this is what I always tell people, don't just Dona random business that's common find the need of people around you and look for a way to solve it, your business isn't going to have a lot of competition because peoples focus are not on it, take advantage of your customer base all you need is time to grow
The problem is only one person who handle the cooking we can't hire more riders because of the cooker can only make limited dishes.
Maybe if we can afford to have a restaurant and have a budget, we can maybe add more riders to deliver them.
So for now, we doing this business to survive paying utilities, or if I've become lucky on crypto why not I'll expand our business.
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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.
Internet businesses are profitable...
But that doesn't undermine the food market or starting up around it. Orientation and location differences are factors, considering the persons that is to start this business. To some online yes, to some offline yes, to some both yes.
But the beauty of this 21st century business as you call it (online business) is that it can be running along with offline business making online a great deal...
By the way, I think the Op wasn't really comparing but tailored this to only offline business as listed (although, all listed are around the food market even as grocery store can have many commodity) .
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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.
Internet businesses are profitable...
But that doesn't undermine the food market or starting up around it. Orientation and location differences are factors, considering the persons that is to start this business. To some online yes, to some offline yes, to some both yes.
But the beauty of this 21st century business as you call it (online business) is that it can be running along with offline business making online a great deal...
By the way, I think the Op wasn't really comparing but tailored this to only offline business as listed (although, all listed are around the food market even as grocery store can have many commodity) .
Nowadays food and electronic devices are I think one of the most successful and profitable business worldwide. After the pandemic tech companies boom and food stalls are also keep on increasing every single day. Based on my observation these two sector is fast growing and quite consistent in terms of demand.
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There is no business that is not profitable as long as we are going to have the direct market sale for it, what most business owners do is to engage on doing what they have no idea on, then they will later realized that they have not all it takes to maintain the effectiveness of the business to the extent of it sustainability, that is why many could start small and end big, while some big and ended bad, because they don't have a genuine in-depth on what they do.
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I am also accept that it is very viable to begin a small business with small capital in my country. For example: Selling cold water: This business is most successful in the hot dry season because of high demand for cold water. Mini grocery shop: Products carries in everyday usage guarantee the steady flow of sales & profit. Food business: It is also important since high demand for food items in our daily diets is an automatic avenue to ensure an Income stream is secure.
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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.
Making money from social media isn't as easy as it seems, some social spaces requires a certain number of followers, likes and views for it to be successfully Monitised. You need some time boost your social media account first and this might take more than a year in most cases, if you don't have anything else to do that would sustain you while you are in the process of doing this surviving might be difficult. In the aspect of running a bet shop a lot of people end up selling out their bet shops due to the fact that they are not being strategic. Before considering to start up a bet shop you should have something else that generates capital because not having a backup might easily lead to bankruptcy, but it's also a good business
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In our country, the best business to do is food business because people really need that. And the only thing that needs to be done is that the price of the food is for the masses, whether they can even afford to buy it, and they will say it is worth it for the quality.
Then at least you can do it, unlike other businesses that have an underlying location, and you must also know what the market is that people need in the area where you or we are building a business
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There is no business that is not profitable as long as we are going to have the direct market sale for it, what most business owners do is to engage on doing what they have no idea on, then they will later realized that they have not all it takes to maintain the effectiveness of the business to the extent of it sustainability, that is why many could start small and end big, while some big and ended bad, because they don't have a genuine in-depth on what they do.
I agree that every business can be profitable as long as we understand the market sale. But it requires good knowledge about the business, so we can know well what the market needs. Most failed businessman didn't understand what the market needs, so they run their business in the opposite with the need of the market. This should be avoided by us.
Sure, the sustainability of the business is one of the crucial part. We must know from the beginning that the business will have a long future. We don't choose a business that looks to survive in a short time only.
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What determines the profitability of a business is on the idea we have towards it, how effective are we managing the way forward for it to strive and remain relevance, some could have a good idea, in fact, a lucrative one and realistic about it, but at the end, you got to discover that everything fade away after little efforts and attention was given over it, but when we are serious and ready to take up the challenge in ensuring the sustainability of what we do, we will see it grow beyond the expectation we have towards it.
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When it comes to profitable businesses, I think it depends on what you’re interested in. But from what I've seen, online businesses, like e-commerce or dropshipping, can be super profitable. You can reach a global audience without needing a physical store.
Yes I agree with you. Many people are selling products in the global market through e-commerce or dropshipping business and they are making huge profits. Also many are earning by freelancing and this market is expanding gradually.
However, many investors are recently becoming very interested in cryptocurrency trading which can be a very promising investment in the future. If you can invest by choosing the right crypto through market analysis, it can give you huge profits.
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Many busines are profitable, though it depends on your country and location of the business. In infacts, small business requires little capital also need patience and experience to be successful.
For instance, buying and selling of phone accessories can be profitable at the long run if you are patience and determined to grow in the business. In facts there are many people who started with little capital in my country but today they have upgraded, started buying/selling phones.
In business, you need courage, determination to succeed with a small capital beginnings to become a big trader.
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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.
The right commodity at that right place, some people don't study the kind of environment they are in people they Venture into a business, there are so many questions you need to ask yourself. Firstly, is the demand of that particular product going to be high in that location your are in. You are supposed to do a thorough survey to know what the people need and come up with a solution, that's the only way to make money through business, you must find a need and solve it.
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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.
Yeah bro, in my country as well the POS (point of sale) is a very common business for everyone like it is one of the most common business now and with the situation of things in my countries economy it's as if the economy favours them the most but at the same time it has a very high rate of risk. It takes wisdom and a smart mind to be able to make this profit in POS business but for those wise ones I'm sure they are not even planning on leaving the business.
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It depends on the market that you are, you should see the reality of where you live and plan a business for it.
In the end is all about your motivation and a little bit of course luck
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Food business is the best business to get involved in as everyone needs food to eat before doing anything, food is a necessity something we can't do with out so any one thinking of setting up a business that can bring in steady income then food is the right business. No matter the high cost of living in any society that you finds your self you have to eat before you can think of making it in life. Food business is one that people need to invest in as it gives return on investment because food is something everyone needs for their survival
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Food business is the best business to get involved in as everyone needs food to eat before doing anything, food is a necessity something we can't do with out so any one thinking of setting up a business that can bring in steady income then food is the right business. No matter the high cost of living in any society that you finds your self you have to eat before you can think of making it in life. Food business is one that people need to invest in as it gives return on investment because food is something everyone needs for their survival
From my previous replies about food as the best and profitable business it is still kicking as of this post here in my place food stalls are increasing which is a good sign that it is unbeatable business anywhere in the world no doubt about that.
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What are the other profitable businesses in your area? Let's discuss.
With the invent of the Internet, most profitable way to make money or run a business has been made even easier and more affordable.. this is because you don't get to rent a space or pay some monthly tax as all you have to do is to grow your audience.. the Internet to me is one of the most profitable means to make money right now all over the world. Though we know some people might find it difficult to grow their business online as they can also try to involve some third party promotions to help them promote their services online.
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Food business is the best business to get involved in as everyone needs food to eat before doing anything, food is a necessity something we can't do with out so any one thinking of setting up a business that can bring in steady income then food is the right business. No matter the high cost of living in any society that you finds your self you have to eat before you can think of making it in life. Food business is one that people need to invest in as it gives return on investment because food is something everyone needs for their survival
Mobility is also just as important as food too, people need to move from one place to another to get things done, everyone makes use of transportation everyday, so also investing in transportation can also be very profitable too. Transportation is also a necessity for everyone, rich, poor, middle class, everyone.
The first thing to consider when choosing a business or something to invest in, is choosing the right location, finding out a potential problem in that location and think of a possible solution to that problem. If you can discover a problem everyone in that location is suffering from and then a solution, you’ll definitely make unimaginable profits.
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All businesses are profitable it just depends on your mastermind and effort, it requires your commitment and strategy there are many more to guarantee you a successful business yes. No business is hard, there is a business I labeled so hard and swore to myself that it would be the last thing I would do, but a friend of mine was doing it and making money, then I had to ask her how she does it, she was flowing in her mastermind explanation and smiling to it but at the end I didn't understand anything but that is something she understood very well and she is earning from it. Mastermind matters alot sometimes that maybe your field most business merchants that fail is as a result of no playing in their field.
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The first thing to consider when choosing a business or something to invest in, is choosing the right location, finding out a potential problem in that location and think of a possible solution to that problem. If you can discover a problem everyone in that location is suffering from and then a solution, you’ll definitely make unimaginable profits.
there has been a shift with the business sector i think especially after the pandemic where physical stores did not matter as much anymore because we can always buy through online and get it delivered no matter what that is
if you can earn money from not having a physical store then that can be a huge advantage to you because choosing a location will be a headache and it is very expensive and time consuming
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Any business can be a profitable one inasmuch as we know how to go about it making it a profitable one, so many entrepreneurs couldn't take time in identifying why some other businesses are making it while some are suffering the cost, when we are not doing the right thing, we may not see the right outcome as we wanted, but things will always fall in hand as planned when we make use of the right approach in doing a business.
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there has been a shift with the business sector i think especially after the pandemic where physical stores did not matter as much anymore because we can always buy through online and get it delivered no matter what that is
if you can earn money from not having a physical store then that can be a huge advantage to you because choosing a location will be a headache and it is very expensive and time consuming
Well you're correct but only to an extent.
You need to remember that most people, especially in the third world countries, most people are still not that conversant with the internet, well except of course your product or service would be mostly targeted on the online communities and internet users, else it'll be difficult to really reach out to those who really desire those services or goods
In some cases, even those who have access to the internet and are actually conversant with it would rather prefer to go to a live location to sort of their needs rather than online for some reasons, some due to how long it'd take to get their goods delivered to them, some due to the shipping fees, some due to lack of trust on the authenticity of the product and many more reasons.
There are services and goods that are befitting the online market as you've said and there are those that you'll need a physical location before you can make sales and succeed in that business.
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The profitability of a business depends on efforts, hard work, dedication, selflessness, and a well-planned strategy. While all businesses present unique challenges, they are easy do but success ultimately depends on how effectively you manage and adapt to them.
My fellow forum members have shared numerous profitable business ideas, and honestly, I believe that those ideas will be very helpful to many of us. There are several small-scale businesses that we can engage in, and they can be profitable if we approach them strategically. We don't need to wait until we have a substantial amount of money to start a business.
Instead, We can utilize or use the little income that we made to establish a small business, and it will generate significant profits if it's well managed. This can eventually enable us to expand our business.
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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.
Good business is still one of the most profitable business till now as it is one of the basic necessities in life so it's a most that people have to eat everyday so people buy food everyday, people thinking of going into investment should consider food business as it will give them value for their money as it is one business that don't even need too much big capital to start with. Food business is one business that people should invest into because it has allot of customers base because people has to eat and that means every blessed day you will have customers that will patronize you
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Good business is still one of the most profitable business till now as it is one of the basic necessities in life so it's a most that people have to eat everyday so people buy food everyday, people thinking of going into investment should consider food business as it will give them value for their money as it is one business that don't even need too much big capital to start with. Food business is one business that people should invest into because it has allot of customers base because people has to eat and that means every blessed day you will have customers that will patronize you
That’s very true.
Alternatively, another business that also has the potential to substitute food business is the transportation business too. You know people move around everyday as mobility is one of another human necessities, from going to work, to going to the market, to school, to visit people and other places, people needs to be conveyed from their current location to another location, so investing in the transportation sector is also another lucrative way one can make daily profits too.
The secret of choosing a good business is the ability of one to identify a general problem that people encounter everyday and provide a possible solution to those problems, and people will always come to patronize you.
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Good business is still one of the most profitable business till now as it is one of the basic necessities in life so it's a most that people have to eat everyday so people buy food everyday, people thinking of going into investment should consider food business as it will give them value for their money as it is one business that don't even need too much big capital to start with. Food business is one business that people should invest into because it has allot of customers base because people has to eat and that means every blessed day you will have customers that will patronize you
it has a lot of customers but it depends on what specifically food business you will be going into will you be making your own restaurant? or will you go into franchising? will you build a supermarket? i do think these things need money some more than the other but some definitely need more maintenance than others like building your own restaurant is a lot more about knowing the food you want to serve and not just being able to make a business
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Maybe its even about what type of idea do we have in mind that could be a profitable one, or maybe we should once again sit down to think about it, if what we are doing is really worth taking our time by being profitable or not, we can choose to do anything, bit the most important aspect of it is how we are able to relate and understand the reason and benefits to why we are doing that.
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Food business is the best business to get involved in as everyone needs food to eat before doing anything, food is a necessity something we can't do with out so any one thinking of setting up a business that can bring in steady income then food is the right business. No matter the high cost of living in any society that you finds your self you have to eat before you can think of making it in life. Food business is one that people need to invest in as it gives return on investment because food is something everyone needs for their survival
From my previous replies about food as the best and profitable business it is still kicking as of this post here in my place food stalls are increasing which is a good sign that it is unbeatable business anywhere in the world no doubt about that.
because in reality there are always new flavors offered by chefs in restaurants and even roadside cafes, the food business is a business that is never quiet, especially now that everything is online, women are selling their dishes through social media which is currently booming
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Food business is the best business to get involved in as everyone needs food to eat before doing anything, food is a necessity something we can't do with out so any one thinking of setting up a business that can bring in steady income then food is the right business. No matter the high cost of living in any society that you finds your self you have to eat before you can think of making it in life. Food business is one that people need to invest in as it gives return on investment because food is something everyone needs for their survival
I've long supported that assertion. The last thing that mankind will stop consuming will be food. there are, of course, many nuances, but when launching any business you need to take into account many factors, including in the food production sector. Starting from natural conditions and ending with the tax policy of the state. That's what I mean, starting a business - you don't have to be tied to the territory where you live.
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I've long supported that assertion. The last thing that mankind will stop consuming will be food. there are, of course, many nuances, but when launching any business you need to take into account many factors, including in the food production sector. Starting from natural conditions and ending with the tax policy of the state. That's what I mean, starting a business - you don't have to be tied to the territory where you live.
I totally get your point. Territory is a very essential factor to put into consideration when going into any kind of business, not just the food industry. But then again, the presence of the internet has made this factor less considerable (although still very significant). This is because, one can reach out to the online community from any designated location or territory, sometimes without your clients even getting to know exactly where you are, we are in a digital age now where almost everything is done online, including/especially trading without even getting to see who you’re transacting with in some occasions.