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20 Profitable Businesses Explained

20 Profitable Businesses Explained



# 1 PROFITABLE BUSINESS: ACCOUNTING SERVICES

The pre-tax profit margin of accounting services is 25%. This industry includes services such as accounting management of companies, electronic accounting systems, account management, tax preparation.
Why is it a profitable business?
1. All those who open or have a business or provide a service need an accountant. 
2. It does not require too much spending on advertising. 
3. Repetitive loyal customers.

# 2 PROFITABLE BUSINESS: LEGAL SERVICES

The pre-tax profit margin for legal services is 21.6%. Some forms are legal assistance for tax, civil, mercantile, etc,
Why is it a profitable business?
1. Installation and personnel costs are low, little staff and equipment is needed. 
2. Customers come by reference, the best will have more customers. 
3. Customers who resolved their problem return in the future.

# 3 PROFITABLE BUSINESS: DENTAL SERVICES

The pre-tax profit margin for dental services is 20.9%. It not only involves dentists, but also dental surgeons, teeth cleaning, treatments, etc.
Why is it a profitable business?
1. The equipment is expensive but the staff makes up for it. 
2. Prices are high and this creates high margins. 
3. We all have to go to the dentist.

# 4 PROFITABLE BUSINESSES: SPECIALIZED DESIGN SERVICES

The pre-tax profit margin of design services is 17.6%. Some services are web design, graphic design, interior design, industrial design.
Why is it a profitable business?
1. Installation and personnel costs are low, little staff and equipment is needed. 
2. Technology helps a lot. 
3. The prices are high.

# 5 PROFITABLE BUSINESS: ALTERNATIVE MEDICAL SERVICES

The pre-tax profit margin for alternative medicine services is 17.5%. In this industry optometrists, physical therapists, speech therapies, psychology, etc.
Why is it a profitable business?
1. Prices are higher and the margin is higher. 
2. More income is generated when selling products.

# 6 PROFITABLE BUSINESS: HEALTH CENTERS

The profit margin before taxes of greeting centers is of 16.9%. Some business ideas in this industry are mental health centers, rehabilitation center, specialized surgery centers, etc.
Why is it a profitable business?
1. As technology improves, the prices of services increase. 
2. There is little competition.

# 7 PROFITABLE BUSINESS: INSURANCE

The pre-tax profit margin of insurance is 15.9%. Can offer life insurance, cars, major expenses, minor expenses, travel, etc.
Why is it a profitable business?
1. Requires little investment. 
2. Long-term customers are achieved. 
3. Commissions are high.
# 8 PROFITABLE BUSINESSES: GENERAL PRACTITIONERS
The pre-tax profit margin of general practitioners is 15.8%.
Why is it a profitable business?
1. We all get sick several times a year. 
2. Depending on your reputation and experience, the doctor’s income varies.

# 9 PROFITABLE BUSINESS: HEALTH LABORATORIES

The profit margin before taxes of the health laboratories is 15.3%. These are the laboratories that do blood tests, urine or medical studies such as X-rays or ultrasound.
Why is it a profitable business?
1. The equipment is expensive but it recovers in the short term. 
2. There is a great demand for specialized studies.

# 10 PROFITABLE BUSINESSES: SMALL CREDIT SERVICES

The pre-tax profit margin for small credit services is 13.6%. These are small banks, microfinance, credit unions, cooperatives.
Why is it a profitable business?
1. Small loans are mostly paid on time and complete. 
2. There is demand for loans to start a business .

PROFITABLE BUSINESS 2

Next we will see the 10 businesses that leave lower profitability according to Forbes magazine.

# 11 PROFITABLE BUSINESS: CARE FOR THE ELDERLY

The pre-tax profit margin for aged care services is -7.2%. These are businesses of care centers for the elderly, which care for elderly or disabled people.
Why is not it a profitable business?
1. There is a shortage of nurses, for which high salaries are paid. 
2. These people do not have enough money to pay without government assistance or charity assistance.

# 12 PROFITABLE BUSINESS: SUPPORT SERVICES

The pre-tax profit margin of support services is -2.6%. These are services that give assistance in events, activities or events. For example, conferences, shows, parties, or small-scale as gifts, copies, etc.
Why is not it a profitable business?
1. There is too much competition. 
2. Coordinating these events requires a lot of personnel.

# 13 PROFITABLE BUSINESS: SALE OF WATER

The profit margin before taxes from the sale of water is -2.2%. These are businesses such as sale or production of wines, beers, vending machines, water purifiers.
Why is not it a profitable business?
1. Too many large competitors (there is no business opportunity for small businesses) 
2. It is a scale production business (requires high investment)

# 14 PROFITABLE BUSINESS: REAL ESTATE SERVICES

The pre-tax profit margin for real estate services is -2.1%. These are businesses as appraisers or appraisers of homes (appraisals), property managers, house promotion.
Why is not it a profitable business?
1. It requires good periods of growth (we are not currently in that situation) 
2. It requires volume (many buyers, few sellers, not the other way around)

# 15 PROFITABLE BUSINESS: SELLING BREAD OR TORTILLAS

The pre-tax profit margin of the sale and production of bread and tortillas is -0.9%.
Why is not it a profitable business?
1. Raw material has gone up too much. 
2. Demand is stable, so more competitors hinder sales.

# 16 PROFITABLE BUSINESS: RECREATION SERVICES

The pre-tax profit margin for recreational services is -0.9%. These are businesses such as golf clubs, eco-tourism, exercise centers, bowling.
Why is not it a profitable business?
1. Very high investment and maintenance costs. 
2. Markets saturated with competitors or cheaper substitute products.

# 17 PROFITABLE BUSINESS: CAR PARTS MANUFACTURING

The pre-tax profit margin for auto parts manufacturing is -0.7%. For example, any manufacturer of parts, from wheels to lights for cars.
Why is not it a profitable business?
1. Very large competitors. 
2. Price reduction continuously.

# 18 PROFITABLE BUSINESSES: SALE OF SPECIALTY PRODUCTS

The pre-tax profit margin of stores selling specialty products is -0.5%. For example, they are sporting goods businesses, musical instruments, hobbies.
Why is not it a profitable business?
1. Small businesses do not survive at low market prices. 
2. It is more advisable to apply it as a business online .

# 19 PROFITABLE BUSINESS: LIQUOR STORES

The pre-tax profit margin of liquor stores is -0.18%. Includes the sale of beers, wines and alcoholic beverages.
Why is not it a profitable business?
1. Increasingly stricter regulations. 
2. Complicated cash flow. 
3. It is better to look for a specific market niche .

# 20 PROFITABLE BUSINESS: HOSPITALITY

The pre-tax profit margin of the hospitality industry is 0.26%. For example, they include hostels, hotels or resorts.
Why is not it a profitable business?
1. High costs throughout the year, income for short periods. 
2. Satisfying the customer implies high costs.

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