Which business is very profitable?

[Agbe]

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 transformer]

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..

[BitMaxz]

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.

[The transformer]

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) .

[0t3p0t]

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.

[Aanuoluwatofunmi]

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.

[superman22]

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.

[Agbe]

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

[gunhell16]

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

[Prime]

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.

[_act_]

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.

[laijsica]

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.

[Bobcrypto]

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.

[Agbe]

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.

[rachael9385]

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.