What is the best money making business?
How about another Question?
“Why do I want to be rich and famous” ?
Will it help me achieve my goal?
Will me being rich and famous enable me to change the world for the better?
If you say that getting money and fame is the most important thing in ones life, you will spend your entire life wasting your time since you will do things you wont like to do, to get the things you do like (Fame and Money) and in itself that is stupid.
You run after money and it runs away from you
If however you chase the gift of Excellence than Success, Wealth and Fame will run after you
A perfect example of this can be Steve Jobs, he was a perfectionist he chased excellence and it was that strive for excellence to change the world for the better that made him famous and rich.
Same Applies for Bill Gates and Elon Musk, their aim to make the world a better place with their products and services earned them fame and wealth
With that being said when starting a business solely on the basis that you would want to make money will put you in a tricky spot, since you will do everything to make money and get a higher profit margin that you would start to lose some basic human morals and values
The aim of making a lot of money may blind you, sure a business needs profit but if you purse the aim of making money money money and money you would start to do stupid and rubbish errors in judgement and those errors will cost you.
If you genuinely have a Idea which can change the world or cater to a certain demand in the market which you feel you can supply than go for it but if you want to do something just for making money than its a problem and that is my view on the matter, everyone has different views and I respect that.
If you still want to have a business which can make a lot of money then without taking into account the competition, startup costs, barriers to entry, market share and time to form a client base I would say that
Banks Brokerage Firms Real Estate development Financial consulting firms Web Design Agency eCommerce
Make a lot of money in developed and growing economies, same applies if you want to make a lot of money working for a company, you can always join a company which is based in the Financial Sector since they pay the most when compared to other sectors.
Originally published at https://samplif.blogspot.com on January 5, 2021.