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High Profit Margin
FitnessTycoon
subscriber Posts: 2
Hi Everyone.
I was just wondering what everyone here believes are the business`s/industrys with the highest profit margins? Any one got any insight into this
Thanks
Dave
I was just wondering what everyone here believes are the business`s/industrys with the highest profit margins? Any one got any insight into this
Thanks
Dave
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Comments
1. Banking (especially if you`re the central bank)
2. Pharmaceuticals
3. Smuggling
4. Any "regulated" industry (like energy and other than banking)
5. Pornography
6. Writing (only if you count your labor a zero cost based)
Writing
Arbitrage anything. Low supply/ High demand.
International Trade.
Web based business - Better than full-fledged print publications and mags anyday. You got to plan well for this, though.
0.02 $
Vapourlock
And, I say that unashamedly with care and consideration; I think way too many people in the professional services industries undersell the value they deliver to their clients.
Rgds,
Ric
I am actually in the middle starting a "full-fledged" publication and know that there is the alternative "e-zine" but. . . in reviewing your submission I am reconsidering my options. We WOULD like to jump in to a web-based venture and I`d appreciate any input you have in terms of the benefits of being completely digital. But we are talking about a niche publication.
Awaiting your feedback.
Waylon Pretends Eagle
I am actually in the middle starting a "full-fledged" publication and know that there is the alternative "e-zine" but. . . in reviewing your submission I am reconsidering my options. We WOULD like to jump in to a web-based venture and I`d appreciate any input you have in terms of the benefits of being completely digital. But we are talking about a niche publication.
Awaiting your feedback.
Waylon Pretends Eagle
entreprenative,
I am glad you are re-considering your options.It is always good to pause and think. I don`t know the niche category you are talking about but perhaps you could work out things this way...
It isn`t very expensive to start a "Online only" mag or e-zine. But then, I don`t know which country you are in. However, that`s the beauty of going digital. Suddenly the world is your country and you do business beyind boundaries.
Who is your reader? What does she do? What are her interests? What piques her? What does she do when she isn`t working? Does she spend time online? If yes, how much? If she isn`t reading online what is she doing? -- The beauty is that all of this info is available online. You need this info because you have to ensure you know your customer better than your children.
Off line mags are generally subscribed - they are subscribed because they offer timely, valuable information which readers love to read. You can`t forget this golden principle -- no matter which way you tend to go.
I was reading this book called " E -Myth Re-visted" by Michael. E. Gerber -- I`d suggest you go and buy it.It talks about how the skilled worker starts a business only to get caught in a trap he had devised on his own. It talks about how to develop business as "system" and how you could -- if done right-- walk away from your business and still make it work for you. Do you understand what that means to you? Do you realize that it begets freedom and wealth? It even has a sequel called "E-Myth Mastery". I couldn`t sleep after that. It is pure gold, if you ask me. Go ahead and buy these books.
E-zine type business model works beautifully if done right - low overheads, remote writers, editors and proof readers. See these sites? www.marketingprofs.com -- although they do have magazines, their sites are just as good.
It is hard work to find and retain good quality but still inexpensive writers ( like me ..ho ho..) who are also reliable and stick to deadlines. If you can work out a system for your entire business and think about it, I don`t see why you wont do well.
I am not qualified to talk more than what I can simply because I had never set up a web-zine. But think of these as my 2 cents.
All the very best and may you succeed like no other.
Vapour..
jeff662/5/2008 2:24 PM
Ryzo
To make money in this industry you need a product that sells itself, that has value in the marketplace without the oppty attached. You need system that helps you close sales and you need a compensation plan that can allow you to earn $10k+ a month.
Here with Global Resorts Network our luxury timeshare membership is the perfect product for those that cant afford the 10k-30k + it takes to buy a timeshare but still want the advantages of saving 70-80% off retail staying at 3-5* Resorts. We also have sales systems in place that allow you to run the business fully automated, where you have virtual assistants doing the work for you or you can decide to do the business on a more personal basis.
Whatever works for you just make sure you find a business with a great ROI where you can get into profit in weeks not years.
Chris
www.getgrntoday.com</A>
877-776-7503
I work with many successful six figure income earners daily in this business I have a very large team and am teaching them on a daily basis how to create 6-figures from home, travel for wholesale prices, and spend more time with friends and family. Together we are extremely busy looking for, and assisting motivated people to set up their own profitable home based travel business. Everyday I receive calls and emails from individuals who claim they are frustrated and disgruntled with the quality of their lives and are looking to make changes. I mean everyone is interested in being their own boss, building wealth and financial independence from home, living a stress free lifestyle.
Ask yourself --
If there was a single travel solution with the 24/7 convenience of the internet, TRUE WHOLESALE pricing unavailable to the general public, access to virtually anywhere in the world and the 5-star service that you desire and expect, would that be exciting to you?
If so, please visit my website, or email me or call me:
Carrie Scholzen
http://havingfunwith.P1DRevolution.com
[email protected]
888-780-4578
Would you or anyone you know love to save money on flights,
condos, hotels, car rentals, restaurants, golf and more?
Would you exchange 6 thousand dollars for 24 thousand dollars
Ask yourself.
If there was a single travel solution with the 24/7convenience of
the internet, true wholesale pricing unavailable to the general
public, access to virtually anywhere in the world and the 5 star
service you desire and expect, would that be exciting?
Would you or anyone you know love to save money on flights,
condos, hotels, car rentals, restaurants, golf and more?
Would you exchange 6 thousand dollars for 24 thousand dollars
The best margins are in things that you can do once and earn residual income from.
Almost any type of intellectual property qualifies:
1. Licensing
2. Movies
3. Electronic Books
4. Audio and video educational products
5. Music
Doug
Eliot