Today, almost every person in our country strives to change the quality of life for the better, and one of the most common options for achieving this is to open one's own business. However, the question immediately arises of which business is profitable to do. In what areas of activity can you succeed today?
Preparatory procedures
However, before starting to consider the question of which business is profitable to do, it should be emphasized that a novice entrepreneur should initially analyze the degree of prospects of his project.
What does this mean? First, he must study the market in detail to determine which services are in high demand today. Secondly, you need to evaluate your financial capabilities for organizing your own business and calculate all the costs.
And thirdly, you should determine the approximate payback period of the enterprise and the amount of income that it can potentially bring.
Types of business activities
Again, the question of what kind of business is profitable to do is inappropriate to consider separately from the question: "What types of entrepreneurial activity are there at all?"
It's no secret that there is a small, medium and large business.
Small business
This type of entrepreneurial activity is quite sensitive to changes in the economy and is able to quickly adapt to its new conditions. Newcomers-businessmen should start in this particular segment. Why? Yes, because it does not require huge investments and, with proper planning, it has a fairly quick payback and brings stable money.
Medium business
This type of business is distinguished by a high degree of stability and profit. On average, you can get from 10 to 50 million dollars per year.
However, investments for the organization of business in this segment require more substantial than in small business. Often you have to attract private investors or get a loan at the bank.
Big business
This type of business includes enterprises that were formed back in the Soviet era and subsequently privatized. In modern conditions, opening a plant in the category of large business is a rather complicated and costly procedure. Here it is necessary not only to attract private investment, but also to seek help from the state.
Manufacturing sector
But back to the question of which business is profitable to do? Of course, many strive to achieve success in the manufacturing sector. This is due to the fact that such a business brings tremendous profit - with a competent approach, of course. At the same time, this sphere of entrepreneurship has its own specifics, without knowledge of which significant success in this field cannot be achieved.
Not sure which business is profitable to do now? Consider a manufacturing sector option, such as food or souvenir production or paving slabs.
In any case, the answer to the question of what business is profitable to do now depends on factors such as the degree of competition, the level of demand and the region's characteristics. In particular, if every third person in your area is engaged in the manufacture of plastic windows, then you are unlikely to have to rely on a large profit margin.
Services sector
When organizing a business of providing services to the population, it is very important to calculate their cost in advance, the amount of time spent, determine the market price of one hour, and then record the cost of the service on paper. If the amount of potential income is attractive to you, then the game is worth the candle.
Wondering: “What small business is it profitable to do?” Today, as before, the services of an accountant, lawyer, realtor are in high demand.
Again, it should be emphasized that the amount of profit will depend on the region where your company is located and the quality of the services provided.
Trade
In this area, what’s called is where to turn around. Experts are sure that a rare product is not marginalized by less than 100%, and this is only the beginning.
Ink
The maximum margins are currently fixed on printer ink. If you are racking your brains over what business is profitable to do from scratch, then refilling ink with office equipment and their implementation is one of the best answers to it. Today everyone uses printers, and a lot of ink is required.
Water
The second position in the ranking of the most popular goods is water. Everyone wants to drink clean water, without impurities, and for this they are ready to buy it in a store, giving money for it. Manufacturers, it goes almost a penny. All costs are a plastic bottle.
If you do not know what business it is profitable to do in Moscow, then you should not ignore this type of business. At a wholesale base, a liter of “purified” water will cost you 10 rubles, and at retail you can sell it for 50 rubles.
Bijouterie
Selling jewelry, where the margin reaches 400%, is considered a fairly cost-effective business. In addition, such a product is always in demand: in the summer and in the winter, the buyer is always on it.
Well, and, of course, a substantial income comes from the sale of alcoholic beverages.
It is noteworthy that a bottle of wine in a restaurant is sold twice as expensive as in a retail network, and four times as much as in a wholesale one.
Cosmetics
Buying, for example, lipstick at retail, as a rule, a woman overpays 100% of her wholesale cost. And if the stores announce a big discount, it only means that they always sell mascaras and contour pencils at inflated prices.
Of course, this is not a complete list of what good capital can be made on.
What is profitable to do in the summer
Naturally, the seasonal factor also affects profit margins. In particular, summer is the time for vacations and people in this period always spend more than usual: no one wants to deny anything to themselves, relaxing on the Black Sea coast or being, for example, on a spa treatment in the Caucasian Mineral Waters.
In this regard, many are interested in the question of what kind of business is profitable to do in a small city. Consider some of the most promising areas.
You can follow the standard path and open a summer cafe. Vacationers are always happy to have breakfast, lunch or dinner in the fresh air. It is better if your restaurant is located near beaches, squares, parks.
Profitable business in the heat is also considered the sale of kvass or lemonade for bottling. The payback of such a business is fast enough, and it does not require serious investments. The main thing is to choose a crowded place for sale.
You can also open the shooting range for shooting. Such fun is also in high demand, so you will not stay in the loser.
One should not ignore the idea of renting sun loungers, as in provincial cities they are often not enough.
The list of promising business ideas can go on and on. Remember what is always offered to vacationers in Sochi or, for example, in Antalya.
The main thing you should remember is that significant profits can be made only in that area of activity where there is high demand!
