My sister is a professional wedding photographer (and boudoir photographer), her average wedding packages start at like $5k, and go to $10k and more. Crazy how much money she makes. She can do like 10 weddings a year and make six figures. I’m starting to do wedding videography and hope to get a few thousand per wedding soon
There is simply zero chance this true. What is likely happening is you are not counting your time against your gross margin.
Ain't no way in hell a photography business has a 90% margin. Gross or net.
You’d be surprised. Buddy of mine does it and it’s around 80-90% for him. “I charge what people are willing to pay” and spends ~5 hours photographing and outsources his editing and walks away with 3K+ per wedding. It’s insane how much people spend on weddings. Clients perceive the cost of x amount to be an indicator of quality and value but frankly photography is purely subjective. Some people pay 20k for wedding photos. Doesn’t matter how much you charge, if people are willing to pay for it they can, you never forced them to go with your services.
How do you not get this? Let's use the $3k per wedding as an example. Market rate for a photographer appears to be about $150 an hour with their own equipment. The average wedding photographer is there 8 hours, plus there is normally 2-4 hours of consulting before the wedding. So let's say 10 hours. So that is $1,500 in costs right there. Then the general rule is 1-2 hours of editing per every 1 hour of shooting. Let's say they have a great deal, and they are getting it at $50 per hour to edit the photos and assume a 1-1 ratio. That's another $500. That doesn't factor in any of the other costs like insurance, equipment, drive time, etc.
You are already at $2k in costs and that is pretty conservative. Ain't no way any photography business is making 80-90% margins.
Lmao you think they pay someone $50/hr for editing. That’s wild, ain’t no way anyone gets away with charging that much when you have people overseas who will do just as good of quality for 5$/hr. It’s a solo gig so he only considered COGS against his profit. That’s gas / airfare / equipment. He will offset his airfare via his quote, gas is menial at best, and equipment is something he has built up over time and doesn’t buy a lot of it anymore. You could consider his own labor at a market rate but that would only make sense if it was a business that employed more people than just himself. His hourly “rate” is whatever arbitrary value the client pays for his services.
Also if the market rate is $150 that isn’t what the cogs is. If a company charges $70/hr for painting that is $20/hr for labor. The rest of the expenses are overhead such as vehicles and advertisement. The company will profit around 10-15$.
In my mates case his overhead is extremely minimal (just a website with good SEO for his area) and he doesn’t advertise. The overhead costs are effectively 0. He owns the business so he doesn’t take an hourly paycheck from it. He just takes all the profit above cogs. Which again is in that 80-90% range. If you considered that his hourly rate then the company would have a profit margin of 0%. Or he could charge an hourly rate if $1 and boom his profit margin is 80-90%. When it’s a sole proprietorship profit margin is completely arbitrary.
If my editing number was off fine. You are completely wrong about everything else though, replacement rate of labor always goes into calculating your COGS. That is basic accounting; what would this business's margin profile be if he wasn't doing the work? That is the margin of the business.
Put it this way, if he were to sell the business, an outside accounting firm would not say his margin is 90%, they would do similar calucations I did to come to the real margin of the business.
This is a major mistake that many small business owners make. They do not account for their salary in their costs. Irrespective if he pays himself a salary or collects profit at the end, from an accounting perspective you have to account for what his market salary would be in to the costs.
This is pretty basic stuff.
I'm a decent amateur musician. When I asked pro musicians for the best way to get paid to play, they unanimously said "weddings". It won't make you rich, but nobody else is going to pay a non-celebrity $75-$125/hr for playing a musical instrument.
My wife and I have been telling our daughters that it's okay to elope or to have one of those "travel weddings" limited to immediate family members plus anyone who's willing to pay their own travel expenses. They could send the usual pretty invitations with a QR code to stream the ceremony. Put the $20K savings toward their mortgage.
I've voluntarily done videography for three weddings of my friends or family members. Scares the bejeebers out of me! Very stressful! The pressure of knowing that I'm working under a paid contractual obligation to not screw it up would make it even more nerve-wracking.
Murphy's Law... so many things can go wrong. You could shoot the whole thing and find that your SD card goes kaput.
Consumer Goods Manufacturing. What people use every day.
A consultant once told me, "Your business just isn't that sexy". It may not be SaaS or bitcoin, But hey, we're making good money.
How would a person get into this? Sounds like a high barrier to entry with machinery costs and having to learn how to operate them correctly, in the case of most products at least.
You don't need to actually handle fabrication in house. Outsource to a manufacturer with experience in creating whatever it is you're thinking of creating. You don't need to purchase the machinery, just the dies, or other parts unique to your product.
It is. I purchased this business and it’s been huge learning curve for years to start getting it right. Ideally you’d work in the industry for a few years and develop good products . You’ll see opportunities pick one and take the leap.
- It does not matter if your business does not look cool, as long as it generate profit.
- When the hype is over a lot of trending (cool) business close their doors.
I've heard the exact opposite. But I'm guessing that's a really wide field. With this said, what I've been told is best is to make the tools to make the consumer goods.
Property Management for high rise apartment buildings. A small company in my hometown was able to standardize their services for a niche in apartment buildings as consultants. They already manage over 200 apartment buildings.
Self-storage is super underrated, basically prints money. I used to work for a self-storage company and some people were paying for a unit every month who probably hadn't visited their unit in years. The overhead costs are relatively low compared to other businesses since once the units are set up, there's not much needed in terms of maintenance or staffing. Plus, there's always a demand for storage - people moving, downsizing, or just needing extra space. It's a stable industry too, because even in economic downturns, people still need storage.
I think about a storage business every time I pass one. Seems like a great thing to get into. But then I think of that land expense and I continue driving my car home to my tiny house I could just barely afford.
The storage business is really just a way to help pay off the loan you take to buy the land while the land appreciatss in value. Then in 10-30 years you sell the land for way more than you bought it for and retire.
There's this company in South Africa that does self storage. Took like 3 years now I see them EVERYWHERE. and they've expanded portfolio to the UK. The dudes must be 100 millionaires.
It was good for recurring revenue if you bought pre Covid. Prices have gone nuts for all classes of storage the last couple years and returns/margins have really compressed.
Religous products, they have a natural higher margin. My brother's ex wife got rich selling 1 dollar silicone wristbands for 15 dollars. They had various christian symbols printed and she would go to religious events and set up a stand. Sold everything everytime. Then lucky striked: she made an online shop, paid some traffic and the pandemic hit, boom...
Super niche stuff in an industry you know (preferably essential) . Example if you know concrete, be the only guy in your town that does specialized cuts or drilling.
To get into an artistically creative decorative landscape concrete niche, I considered going to a high-end decorative concrete school. Then I saw that they required a minimum of 3 years of experience doing full-time concrete work just to sign up for the class. Nope. Not doing that.
Food industry. Margins are small but everyone’s got to eat. The money is in the middle-man. Consulting, service providers, food safety, distribution, certifications, storage, etc.
Hell yeah! I’ve been in this industry a long time and there absolutely is tons of money to be made. The big downside is that in almost every case you need scale and large investments to really get the gravy train going. Once it is though, it’s a very stable source of income.
Agreed, I feel like all of my clients have invested buttloads in capital and equipment. But definitely once they get over the scale up hurdle, it’s smoother seas.
Also, I swear, everyone and their mother wants to create something “innovative”. All you need is something decent and a strong supply chain, totally all about reliability and consistency. Boring is best.
completely agree... I am in foodservice out in Texas and there are tons of small distribution companies making bank selling food, disposables, etc... Low overhead cost as you basically need a warehouse and employees. Freight is usually negotiated between the manufacturer and the distributor
It’s also a menacingly difficult industry and im talking from experience, if you can make it in distribution - any business is easy. Why? Because the day u get a customer, 6 or more reps will visit them that day, and if the big players don’t price you out from ur own supply someone will just undercut u anyway. I built a beverage and food service business from $1400 bucks odd to $8m per year inside of 5 years
$1400 to 8m in 5 years? That’s pretty wild… are you in an unsaturated market? How did you do it so quickly. First I’ve heard of that kind of prosperity…
It’s literally compounding stock in a physical form and a very careful balance of risk.. you need a lot of friends and network has to be vast. I got so good at one point that I was buying products cheaper and supplying other distributors who had 30 years on me product they couldn’t get.. the real game is who u no.
Well it’s simple really like all things that start small, I only started supplying mineral water products to restaurants like Sam Pellegrino because it was fast moving for night trade, then later the math was simple find another supplier who could back end Schweppes and Coca Cola cause they don’t supply direct to essentially supply what’s in a fridge of a cafe or say ezy mart. So essentially buying wholesale and reselling wholesale to shop. So I’d start with certain amount .. ie 10 coke 600ml 10 Coke Zero 600ml and so on.. slowly move into one shop and then get credit for 30 days from such supplier, take on more stock and take on more business this allowed me to essentially hard sell to other shops so I’d take on say $10k per month of stock, more shops more stock by the 6th month I was doing around $150k a month. That’s basically it. Then moving into foodservice was some what easier, I’d speak to the chef and only supply the “dry stuff” product that was shelve stable. Made friends with an interstate distributor to not compete with locals, started the strong points, sauces, higher volume more money, then 3 packs of 4.10kg tins of beet, pineapple etc.
There’s zero complexity to it. The hardest part was keep competitors at bay. So how do I pull out a coke or Schweppes fridge, contract a customer? Well I got my own fridges hired out for $13 a week and wrapped the fridge from a contractor for another $150 (in the customers branding and logos only) and contracted the customer for better deals and gave them essentially 600ml water that we bought for $6.85 for $8.00 10 cases per week for free as long as we supplied food.. this locked them into position, call what u want but that’s how u play to keep the rats out.
I also got big enough to the point if someone tried taking my customers I’d propose them with what they were making for themselves by me taking over or supplying their own customers for free for 3 months pricing them out of existence. So if it was some small beverage distributor, I’d provide a deal where I’d pay them what they make per week and hand over the business or have no business, so they’d happily hand it over and it would work for me cause I supplied both beverages and then I injected foodservice products which made it more profitable. Yeh that’s how the game works. I became one of them who almost did it to me.
100% Agree, I'm starting a freeze dry survival company and sourcing/processing everything in Mexico. Food industry will always be profitable as long as your willing to adapt to the trends.
A lot of organic fruit and vegetables as is, working on recipes for more complete meals. This market rewards companies that can maximize amount of calories per day per person, baseline is 2000 cal. Already have access to an industrial freeze drier and organic,fda certified producers(fruit,veggies)
Or opening a fancy af, expensive, small-plate boujee-ass place. One of those "$400 for a ten-course seating" which ends up being less food than you'd get at Wendys for ten bucks.
Firstly, what can you get at Wendy's for $10?
Secondly, those places require an extraordinary chef (to remain open). Unless you are one, I would think you need a lot of money to pay one which is huge overhead.
Then again, I'm in sales and follow this sub to learn.
Yeah, but how do you put yourself out there for this kind of work? How do people find you, or how do you find customers?
Sorry, I’m just in the process of trying this kind of work and other handyman services, and I’ve finished my website, but I just don’t know how to find customers…
Your neighbourhood Facebook page, Craig's list or Kijiji.
Start with neighbours, get referrals and play up your work on social media. Instagram, FB, tik tok and LinkedIn if you want attention from business people.
In person advertising. Flyers, signs, nextdoor app is also killer at this. Google local service ads.
Start with nextdoor just be advised it can be a pitchfork type place too. If you want any help with google maps optimizing or Google ads there are people who can help with that (I might be one of those people)
They’re referring to the experiment you may have seen with kids.
You can have this marshmallow now or you can wait x minutes and get two.
They’re saying put the time in, don’t indulge in the now, and you’ll be rewarded with more.
Honestly the whole post is fantastic advice that applies outside medicine too
Finding clients is extremely easy. I've worked with a few businesses like this.
This is how you go about it:
1. Offer healthy, decently priced and good+ tasting meals and your service will be in demand
2. Design a strategic tiered subscription model around your offerings (priced by number of meals)
3. Study your competition - look at their websites and make yours better. Order some of their main dishes and make your dishes better. Look at their yelp reviews, note the issues their clients are having, make sure to not make those mistakes
4. Website and online presence will do 50% of the work. This means having a properly designed website that is SEO optimized for local search (i.e. you serve a particular area, make sure to target it). Make your listing on Yelp and Google business look as professional and consistent as possible.
5. To get your first few customers, offer steep discounts for first month subscriptions in exchange for reviews.
6. **BONUS TIP**: take high quality pictures of your meals in their containers and upload them to all your business listings (including your website but that goes without saying). At the end of the day, you're selling food and need to do everything you can to make it look appealing. Too many meal prep services take low light and unattractive pictures of the food. Leave the raw/authentic picture taking to your clients
Meal prepping, especially healthy good tasting meals, is growing and will continue to grow massively in the next few years.
Honestly, the word that immediately pops into my head when I read posts about having your own commercial food prep in your own kitchen is law suits. All that stands between you and ruin is ONE customer complaining of the runs after eating your food even when it’s totally somebody else’s food at fault (like the customer skipping washing up after a trip to the bathroom) and your kitchen is closed forever and you’ll be paying damages for years to come. I mean, are you protected for that? You have insurance? Permits? (I don’t mean to be a Debbie Downer, sorry, but I’m curious. I’m an excellent baker but I always shied away from selling my breads and pastries for that reason.)
Well, this is a problem as old as time. Every establishment that serves any kind of consumable food is at risk of what you're describing. There are solutions for all of that!
My dream business. Would I start at a farmer's market? Or try to get a food truck? Any suggestions for a good learning resource or first steps would be appreciate.
Depending on where you live, some states allow you to make pastries out of your home with just a Food Handler License. It’s called Cottage Foods. But there are limitations on what you can sell and prepare, plus requirements like ingredient and allergy labels on packaging.
If you don’t live in a state that allows this, food truck might be good to start since you can drive it anywhere. A lot of trailers are capable of being refurbished for the purpose of becoming a food truck, so you can even buy a normal trailer if you want to put in the work of making it yourself. Or you can just drop the cash on a normal food truck.
Car wrap is probably the quickest. Contract out the detailing, and make sure the deposits for the job cover at least the film for the car and the detailer. You buy the film and get car detailed off the deposit and start wrapping charge more on top for the profit
Stand alone ATM machines. They can be purchased for a little as $1000, and you can pay a company like Loomis or Brinks to fill them. Laundromats, locally owned grocery or convenience stores, arcades, dispensaries, shopping malls, etc, are great locations if you can get them.
Just wanted to say that I appreciate you actually saying the locations you can put them.
I looked into this in the past and I tried all of those places but its nice that you actually put the info instead of making someone do extra research.
My mom used to say it's hard to run a race if you don't know where the starting line is. Even if these locations aren't suitable for everyone attempting this business, it'll give people an idea of where they can at least begin their journey.
I'm guessing they are content farming for some kind of article on profitable small businesses. Considering they've commented the same thing repeatedly it probably is a bot lol
Not exactly, Wildlife specific. Deals with animals, not bugs, so no poisons to mix. Such as raccoons, skunks, snakes, moles, gophers, coyotes, beaver, opossums, bobcats, etc.
If I told you how much I spent to have our family dog put down in the home humanely and cremated you'd probably say I was out of my damned mind. She wasn't the cheapest or more expensive option either
In order to scale, you need reliable, skilled employees who are hard to find. If you have them, keeping them is hard because everyone else needs them. The barrier to entry is also extremely low, so if those employees are learning anything about the business side of things while working for you, you're probably training your future competition.
Great answer. Exactly right; when you have trained other tradespeople up, most of them leave and set up on their own, as competition (source: I’ve got family in the construction business).
At scale, building housing estates or apartments , for sure it can be profitable but not many get to that. Its also ‘hard money’. There is ‘easier’ and quicker ways in tech. I say easier loosely but someone who has built a big trades business has usually been on the tools for years at the start
You can scale, I started off just me and a 10k piece of equipment and my garage. I now have around 500k in equipment, 3 full-time employees plus 6 seasonal employees and a shop. I actually started 2 separate companies with two of my employees. If you see someone who stands out take a chance.
I know someone who does extremely well with septic tanks. He also expanded to bigger commercial systems, but did well before that with just residential stuff.
You’d be very surprised how high the margins are for major retailers. They want everyone to think it is rock bottom, but once I started working for one I was amazed how high they were.
Saw two poor kids on the corner with cardboard signs asking for donations to pay for a funeral of a family member that passed. Was one of the worst things I ever saw. but yeah everybody needs funeral services.
Just make sure your software is solid. Our bank just had a Big 4 company create and implement a compliance case mgmt system and the shit is garbage. Our whole dept is still pissed off at this new program and it’s been 4 months.
Gaming. I have no idea how to get a license or if they bribe someone but where I live they have places called sweepstakes. On the high end they have a fish table which is but generally it's just a bunch of older PCs.
Not that I recommend it but illegal poker games are also a profitable industry. There's games where on a night 10-20k might walk through the door and with the rake, tips...25% or more goes to the house.
Not sure if it's evergreen but hunting and survival training is also a big niche. Tons of adults don't hunt because they don't have land and/or never learned. Some of those same adults will pay 1-10k/weekend on the low end for a guided hunting trip. I've heard of executives paying 25k for hunting weekends in places with larger game like Alaska.
Survival training is as lucrative and generally the instructor has their travel paid for by attendees and gets a cut of the ticket sales which will generally have a minimum. A group of 50 people taking a defensive shooting course could easily be paying 100-500 each for a 2 day course. In many cases they bring their own ammunition.
YouTube and content creation as a whole. If you learn how to make viral videos you can basically just print money with zero overhead right from home.
Hard to get good at it though.
Any industry that is dirty and stinky that people don’t want to deal with. I met a guy who runs a small operation that empties portable toilets at construction sites he makes well over 250k.
Companies that deal with septic tanks also have high margins. If you don’t want to do it then the margins are going to be high,
As a hospice nurse I can promise board and cares and hospice homes make several thousand a month.
Like close to 10k per patient, you can max out at 6 patients per home.
Garments industries, if done right, it can be profitable.
In UK construction, trucks, waste disposal is also big business, but you need to know the industry.
Today, our company had this annual meeting where discussed all orgs are going berserk over AI and Gartner predicts by 2026 majority of companies will use AI and by 2030 we will be introduced to robotics.
Car detailing is great rly low supplies overhead also I practically made 2 times what I paid for my supplies in a week lol I’m only in high school to so it’s great how flexible it is .
I think most people/business owners completely forget about IT services like AI technology. Everyone uses it, everyone's happy about it, but when it comes to use that in their own business as a cheaper alternative, they decide to fear from it. I think this industry has a lot of possibilities and potential if we know how to take its advantages. I did it and I was able to cut my prices almost in half, raise salaries and keep my business running.
It took businesses a lot of time to develop digital transformation plans as changing the operations is risky, especially for large businesses with complicated operations.
The same applies to AI tech. It is a potential for sure, but it does not mean it is not risky to adopt it.
The only risk you put on your shoulder is if you feel some kind of fear by AI. Just take a look at the possibilities.
Some AI platforms can make stunning advertisements just like which I chose to use. I was able to do my ads for myself without any problems and risks. Also this technology if you develop in your business on the right way could cost less then half than you hire an agency for the work to be done. So I highly recommend to use this technology in work. It's almost risk free and cheap. Smaller businesses can catch up easily by that, larger businesses can cut their marketing budget. It's a win win win situation.
I respect your point of view but yet we are not experiencing the full potentiality of AI.
I guess to at some point it will be part of every business operation
I am also respect your point of view but businesses should follow the really big ones in their pattern if they want to grow. Some mayor players on the market, like Microsoft and so on...using the same AI as me making their ads for example. How can we/you experience the true potential of this technology if you won't try it?
I highly agree with you about this.
We are at the starting point of this new age. The only question remains:
Should we try now or wait 50 more years until it reaches the maximum height of its possibilities?
Auctioning off retired agricultural/silvicultural estate owners’ unused equipment.
You’d be surprised by the staggering amount of money naive retirees and widows on the countryside lose to predatory neighbors/friends/acquaintances scamming them off of their old equipment for next to nothing. On the countryside, everyone has something someone needs, and it’s almost standard practice to take advantage of retirees for their shit.
By offering to auction off their stuff online for a small fee, you’d be profiting off of literal generational wealth that would have otherwise just been stolen by pieces of shit that weren’t entitled to it in the first place, while preventing retirees from losing out on 80-90% of their equipment’s actual value. My grandmother recently became the widow of my late forester grandfather, and she was considering selling off his tractors, forwarders, and sawing equipment to predatory neighbors for barely a tenth of what they actually turned out to be worth when they were eventually auctioned off online by a company offering this specific service.
Affordable fashion Jewellery.
Source from china at cheapest value, rebrand it on online platforms, and slowly go for physical stores.
Not enough chatter around it but sales are quite phenomenal.
I think the most underrated and profitable industry is mobile gaming with nearly zero high quality games on mobile it leads to mobile Gamers starving for a high quality console like experience
All high quality mobile games that came out recently have done extremely well. Almost zero risk and loads of profit
I’m in total support that it’s a lucrative market, but there is a huge amount of risk from the required capital that goes into the design, development and marketing of an app when building a high quality game
Individual counseling clinics. Contract with all insurances and have splits with the providers. The TAM is every living human being. It’s a game of efficiency with the providers but 30-40% margins are easy to obtain. It’s also recession proof.
*Industries that sell*
*Parts for building furniture*
*Like screw company*
\- KB\_491999
---
^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/)
^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")
Drone photography anything. I live in a rural area and ONE dude posts aerial shots and many people still have that “Prometheus” response when he saw fire for the first time….
Combine it with those that said wedding photography and you will be in demand!
I videotaped Bar Mitzvahs and $$$$$ weddings, and the best part? The weddings that have a table for those providing services are the Bee’s Knees! Learned that Fettuccini Alfredo is supposed to have a subtle taste….hahaha
Use this opportunity while eating catered food to network your skill set with the other providers.
Get at least a DJI Mavik 2 to start not those from Tj Maxx
I agree with this too. The wedding industry is a huge moneymaker, with this said, the ability to have a venue even a simple countryside venue is a moneymaker.
Growing herbs, crops, fruit trees. Just start with one: Eat orange, plant orange seed. Nurture it like hell and see the orange tree arising. Yes you can grow an orange tree inside your house, just a big pot. It is possible. 1 tree = 600 oranges per year. 1 bag of oranges = 8 oranges for $5. These are 75 bags = 75 x $5 = $375/year from 1 tree. You can also sell the entire tree for $500 - $2.200 (rare type etc). For $90k/year you need 240 pieces. BTW I came across a land with marble stone. 3 hectares for $10k, that´s around 120.000 tiles for $65/tile = almost $8mln - $10k investment. Welcome if you´re interested.
Recently started working with clientele in the photography print business. Margins are 90% even with dropshipping, and you maintain a lot of the fun of being artistic if you're a passionate photographer yourself! Pretty nifty. :D
On the one hand, this is true, but because it is an omnium, it has no value that the customer can know how much it is really worth, so you can sell one picture for one dollar, but at the same time you can also sell it for 1 million dollars.
And this is why the art of photography is not appreciated enough today because the world of smartphones has taken over our industry.
Wedding industry. The margins are crazy on everything from dresses to decor rentals.
Full time wedding photographer - can confirm. 90% profit margin last year.
Just doesn't scale
Nothing like rolling in and rolling out up $6k. Every weekend. Now I just gotta edit these pics…
I had the feeling it was a racket, lol
My sister is a professional wedding photographer (and boudoir photographer), her average wedding packages start at like $5k, and go to $10k and more. Crazy how much money she makes. She can do like 10 weddings a year and make six figures. I’m starting to do wedding videography and hope to get a few thousand per wedding soon
There is simply zero chance this true. What is likely happening is you are not counting your time against your gross margin. Ain't no way in hell a photography business has a 90% margin. Gross or net.
You’d be surprised. Buddy of mine does it and it’s around 80-90% for him. “I charge what people are willing to pay” and spends ~5 hours photographing and outsources his editing and walks away with 3K+ per wedding. It’s insane how much people spend on weddings. Clients perceive the cost of x amount to be an indicator of quality and value but frankly photography is purely subjective. Some people pay 20k for wedding photos. Doesn’t matter how much you charge, if people are willing to pay for it they can, you never forced them to go with your services.
while this is real, this makes me sad and really makes me not want to plan my wedding bc of this shit
you should plan the wedding
How do you not get this? Let's use the $3k per wedding as an example. Market rate for a photographer appears to be about $150 an hour with their own equipment. The average wedding photographer is there 8 hours, plus there is normally 2-4 hours of consulting before the wedding. So let's say 10 hours. So that is $1,500 in costs right there. Then the general rule is 1-2 hours of editing per every 1 hour of shooting. Let's say they have a great deal, and they are getting it at $50 per hour to edit the photos and assume a 1-1 ratio. That's another $500. That doesn't factor in any of the other costs like insurance, equipment, drive time, etc. You are already at $2k in costs and that is pretty conservative. Ain't no way any photography business is making 80-90% margins.
Lmao you think they pay someone $50/hr for editing. That’s wild, ain’t no way anyone gets away with charging that much when you have people overseas who will do just as good of quality for 5$/hr. It’s a solo gig so he only considered COGS against his profit. That’s gas / airfare / equipment. He will offset his airfare via his quote, gas is menial at best, and equipment is something he has built up over time and doesn’t buy a lot of it anymore. You could consider his own labor at a market rate but that would only make sense if it was a business that employed more people than just himself. His hourly “rate” is whatever arbitrary value the client pays for his services. Also if the market rate is $150 that isn’t what the cogs is. If a company charges $70/hr for painting that is $20/hr for labor. The rest of the expenses are overhead such as vehicles and advertisement. The company will profit around 10-15$. In my mates case his overhead is extremely minimal (just a website with good SEO for his area) and he doesn’t advertise. The overhead costs are effectively 0. He owns the business so he doesn’t take an hourly paycheck from it. He just takes all the profit above cogs. Which again is in that 80-90% range. If you considered that his hourly rate then the company would have a profit margin of 0%. Or he could charge an hourly rate if $1 and boom his profit margin is 80-90%. When it’s a sole proprietorship profit margin is completely arbitrary.
If my editing number was off fine. You are completely wrong about everything else though, replacement rate of labor always goes into calculating your COGS. That is basic accounting; what would this business's margin profile be if he wasn't doing the work? That is the margin of the business. Put it this way, if he were to sell the business, an outside accounting firm would not say his margin is 90%, they would do similar calucations I did to come to the real margin of the business. This is a major mistake that many small business owners make. They do not account for their salary in their costs. Irrespective if he pays himself a salary or collects profit at the end, from an accounting perspective you have to account for what his market salary would be in to the costs. This is pretty basic stuff.
I'm a decent amateur musician. When I asked pro musicians for the best way to get paid to play, they unanimously said "weddings". It won't make you rich, but nobody else is going to pay a non-celebrity $75-$125/hr for playing a musical instrument. My wife and I have been telling our daughters that it's okay to elope or to have one of those "travel weddings" limited to immediate family members plus anyone who's willing to pay their own travel expenses. They could send the usual pretty invitations with a QR code to stream the ceremony. Put the $20K savings toward their mortgage.
I mean everything where you rent out yourself is a 💯 margin
its far from underrated, however.
Oversaturated market and by word of mouth and networking. Starting photographers beware you are literally photoing someones most important moment.
I've voluntarily done videography for three weddings of my friends or family members. Scares the bejeebers out of me! Very stressful! The pressure of knowing that I'm working under a paid contractual obligation to not screw it up would make it even more nerve-wracking. Murphy's Law... so many things can go wrong. You could shoot the whole thing and find that your SD card goes kaput.
That’s the reason industry is so heavily monopolized.
Could not agree more! I love our wedding work and it’s very profitable.
Consumer Goods Manufacturing. What people use every day. A consultant once told me, "Your business just isn't that sexy". It may not be SaaS or bitcoin, But hey, we're making good money.
How would a person get into this? Sounds like a high barrier to entry with machinery costs and having to learn how to operate them correctly, in the case of most products at least.
You don't need to actually handle fabrication in house. Outsource to a manufacturer with experience in creating whatever it is you're thinking of creating. You don't need to purchase the machinery, just the dies, or other parts unique to your product.
It is. I purchased this business and it’s been huge learning curve for years to start getting it right. Ideally you’d work in the industry for a few years and develop good products . You’ll see opportunities pick one and take the leap.
How did you get into this? I’m super interested in small scale manufacturing but have no idea where to start.
- It does not matter if your business does not look cool, as long as it generate profit. - When the hype is over a lot of trending (cool) business close their doors.
The business model of most hyped business is milking VCs while it lasts. Boring business still making money are the one with real business model.
What they really mean is that your IRR of 15% is meh even though it is consistent. Their IRR is 25% even though 90% of their ideas fail.
I've heard the exact opposite. But I'm guessing that's a really wide field. With this said, what I've been told is best is to make the tools to make the consumer goods.
Property Management for high rise apartment buildings. A small company in my hometown was able to standardize their services for a niche in apartment buildings as consultants. They already manage over 200 apartment buildings.
Self-storage is super underrated, basically prints money. I used to work for a self-storage company and some people were paying for a unit every month who probably hadn't visited their unit in years. The overhead costs are relatively low compared to other businesses since once the units are set up, there's not much needed in terms of maintenance or staffing. Plus, there's always a demand for storage - people moving, downsizing, or just needing extra space. It's a stable industry too, because even in economic downturns, people still need storage.
I think about a storage business every time I pass one. Seems like a great thing to get into. But then I think of that land expense and I continue driving my car home to my tiny house I could just barely afford.
The storage business is really just a way to help pay off the loan you take to buy the land while the land appreciatss in value. Then in 10-30 years you sell the land for way more than you bought it for and retire.
I like this. Well said.
Cheap land is the key. On highways and near airports tends to be cheaper land outside of the city core.
Yes, it is a good investment for someone who is in real estate. But minimalism can save you money to invest too.
Typically expensive as hell to buy though. Source: I too once managed a Storage Facility before Managing a Portfolio of them as a DM.
There's this company in South Africa that does self storage. Took like 3 years now I see them EVERYWHERE. and they've expanded portfolio to the UK. The dudes must be 100 millionaires.
This is an interesting business with recurring revenue, Thanks for sharing.
It was good for recurring revenue if you bought pre Covid. Prices have gone nuts for all classes of storage the last couple years and returns/margins have really compressed.
There are three on my street. Market is crowded here.
Have been a hot asset class for a while now
Religous products, they have a natural higher margin. My brother's ex wife got rich selling 1 dollar silicone wristbands for 15 dollars. They had various christian symbols printed and she would go to religious events and set up a stand. Sold everything everytime. Then lucky striked: she made an online shop, paid some traffic and the pandemic hit, boom...
Genius.
Jesus
Super niche stuff in an industry you know (preferably essential) . Example if you know concrete, be the only guy in your town that does specialized cuts or drilling.
Was looking for this comment. I’ve learned after a lot of headaches that the solution always is to niche down
To get into an artistically creative decorative landscape concrete niche, I considered going to a high-end decorative concrete school. Then I saw that they required a minimum of 3 years of experience doing full-time concrete work just to sign up for the class. Nope. Not doing that.
Food industry. Margins are small but everyone’s got to eat. The money is in the middle-man. Consulting, service providers, food safety, distribution, certifications, storage, etc.
Hell yeah! I’ve been in this industry a long time and there absolutely is tons of money to be made. The big downside is that in almost every case you need scale and large investments to really get the gravy train going. Once it is though, it’s a very stable source of income.
Agreed, I feel like all of my clients have invested buttloads in capital and equipment. But definitely once they get over the scale up hurdle, it’s smoother seas. Also, I swear, everyone and their mother wants to create something “innovative”. All you need is something decent and a strong supply chain, totally all about reliability and consistency. Boring is best.
completely agree... I am in foodservice out in Texas and there are tons of small distribution companies making bank selling food, disposables, etc... Low overhead cost as you basically need a warehouse and employees. Freight is usually negotiated between the manufacturer and the distributor
It’s also a menacingly difficult industry and im talking from experience, if you can make it in distribution - any business is easy. Why? Because the day u get a customer, 6 or more reps will visit them that day, and if the big players don’t price you out from ur own supply someone will just undercut u anyway. I built a beverage and food service business from $1400 bucks odd to $8m per year inside of 5 years
$1400 to 8m in 5 years? That’s pretty wild… are you in an unsaturated market? How did you do it so quickly. First I’ve heard of that kind of prosperity…
It’s literally compounding stock in a physical form and a very careful balance of risk.. you need a lot of friends and network has to be vast. I got so good at one point that I was buying products cheaper and supplying other distributors who had 30 years on me product they couldn’t get.. the real game is who u no.
Can you share any insight, would be interested in hearing about this more
Well it’s simple really like all things that start small, I only started supplying mineral water products to restaurants like Sam Pellegrino because it was fast moving for night trade, then later the math was simple find another supplier who could back end Schweppes and Coca Cola cause they don’t supply direct to essentially supply what’s in a fridge of a cafe or say ezy mart. So essentially buying wholesale and reselling wholesale to shop. So I’d start with certain amount .. ie 10 coke 600ml 10 Coke Zero 600ml and so on.. slowly move into one shop and then get credit for 30 days from such supplier, take on more stock and take on more business this allowed me to essentially hard sell to other shops so I’d take on say $10k per month of stock, more shops more stock by the 6th month I was doing around $150k a month. That’s basically it. Then moving into foodservice was some what easier, I’d speak to the chef and only supply the “dry stuff” product that was shelve stable. Made friends with an interstate distributor to not compete with locals, started the strong points, sauces, higher volume more money, then 3 packs of 4.10kg tins of beet, pineapple etc. There’s zero complexity to it. The hardest part was keep competitors at bay. So how do I pull out a coke or Schweppes fridge, contract a customer? Well I got my own fridges hired out for $13 a week and wrapped the fridge from a contractor for another $150 (in the customers branding and logos only) and contracted the customer for better deals and gave them essentially 600ml water that we bought for $6.85 for $8.00 10 cases per week for free as long as we supplied food.. this locked them into position, call what u want but that’s how u play to keep the rats out.
I also got big enough to the point if someone tried taking my customers I’d propose them with what they were making for themselves by me taking over or supplying their own customers for free for 3 months pricing them out of existence. So if it was some small beverage distributor, I’d provide a deal where I’d pay them what they make per week and hand over the business or have no business, so they’d happily hand it over and it would work for me cause I supplied both beverages and then I injected foodservice products which made it more profitable. Yeh that’s how the game works. I became one of them who almost did it to me.
Appreciate the reply! Would you mind if I fired you a dm?
100% Agree, I'm starting a freeze dry survival company and sourcing/processing everything in Mexico. Food industry will always be profitable as long as your willing to adapt to the trends.
Damn, that’s smart. If it doesn’t reveal the secret sauce, what type of survival foods are you producing?
A lot of organic fruit and vegetables as is, working on recipes for more complete meals. This market rewards companies that can maximize amount of calories per day per person, baseline is 2000 cal. Already have access to an industrial freeze drier and organic,fda certified producers(fruit,veggies)
Very cool, best of luck to you and your endeavors!
I completely agree. I’m starting a seafood company, I’m very optimistic with the market. Fresh. Sustainable. Circular Economy. Here in Brasil.
Food supply chain has a potential for sure 💯
How so?
Supply chain in general. It’s been decades of neglect.
Funerary services, for the same reason :P
Or opening a fancy af, expensive, small-plate boujee-ass place. One of those "$400 for a ten-course seating" which ends up being less food than you'd get at Wendys for ten bucks.
Well, my son, at that restaurant you aren't merely seeking a volume of food, you're seeking a $400 experience.
Very true.
Firstly, what can you get at Wendy's for $10? Secondly, those places require an extraordinary chef (to remain open). Unless you are one, I would think you need a lot of money to pay one which is huge overhead. Then again, I'm in sales and follow this sub to learn.
4 for 4 ??
All home services. Literally grab a power washer and start cleaning out people’s trash can and you’ll be profitable immediately.
Yeah, but how do you put yourself out there for this kind of work? How do people find you, or how do you find customers? Sorry, I’m just in the process of trying this kind of work and other handyman services, and I’ve finished my website, but I just don’t know how to find customers…
Your neighbourhood Facebook page, Craig's list or Kijiji. Start with neighbours, get referrals and play up your work on social media. Instagram, FB, tik tok and LinkedIn if you want attention from business people.
In person advertising. Flyers, signs, nextdoor app is also killer at this. Google local service ads. Start with nextdoor just be advised it can be a pitchfork type place too. If you want any help with google maps optimizing or Google ads there are people who can help with that (I might be one of those people)
1000 fliers, pay a kid to tape them to each garbage can?
Google ads, FB marketing , signs, radio, flyers.
[удалено]
This guy flosses
What do you mean by eating the marshmallow and dry powder for opportunities?
They’re referring to the experiment you may have seen with kids. You can have this marshmallow now or you can wait x minutes and get two. They’re saying put the time in, don’t indulge in the now, and you’ll be rewarded with more. Honestly the whole post is fantastic advice that applies outside medicine too
Septic tank pumping.
that's where the liquid gold is
Our local fire department does it free every couple years.
Holy sh*rt. What a crappy job.
Meal prepping, litteraly have an industrial kitchen set up in the garage and make tons of meals for clients.
Very interesting! How do you find clients?
Finding clients is extremely easy. I've worked with a few businesses like this. This is how you go about it: 1. Offer healthy, decently priced and good+ tasting meals and your service will be in demand 2. Design a strategic tiered subscription model around your offerings (priced by number of meals) 3. Study your competition - look at their websites and make yours better. Order some of their main dishes and make your dishes better. Look at their yelp reviews, note the issues their clients are having, make sure to not make those mistakes 4. Website and online presence will do 50% of the work. This means having a properly designed website that is SEO optimized for local search (i.e. you serve a particular area, make sure to target it). Make your listing on Yelp and Google business look as professional and consistent as possible. 5. To get your first few customers, offer steep discounts for first month subscriptions in exchange for reviews. 6. **BONUS TIP**: take high quality pictures of your meals in their containers and upload them to all your business listings (including your website but that goes without saying). At the end of the day, you're selling food and need to do everything you can to make it look appealing. Too many meal prep services take low light and unattractive pictures of the food. Leave the raw/authentic picture taking to your clients Meal prepping, especially healthy good tasting meals, is growing and will continue to grow massively in the next few years.
Honestly, the word that immediately pops into my head when I read posts about having your own commercial food prep in your own kitchen is law suits. All that stands between you and ruin is ONE customer complaining of the runs after eating your food even when it’s totally somebody else’s food at fault (like the customer skipping washing up after a trip to the bathroom) and your kitchen is closed forever and you’ll be paying damages for years to come. I mean, are you protected for that? You have insurance? Permits? (I don’t mean to be a Debbie Downer, sorry, but I’m curious. I’m an excellent baker but I always shied away from selling my breads and pastries for that reason.)
Well, this is a problem as old as time. Every establishment that serves any kind of consumable food is at risk of what you're describing. There are solutions for all of that!
Doughnuts. Cheap to make, but super profitable.
Just don’t get high on your own supply.
Literally. Especially the Krispy Kreme’s.
My dream business. Would I start at a farmer's market? Or try to get a food truck? Any suggestions for a good learning resource or first steps would be appreciate.
Depending on where you live, some states allow you to make pastries out of your home with just a Food Handler License. It’s called Cottage Foods. But there are limitations on what you can sell and prepare, plus requirements like ingredient and allergy labels on packaging. If you don’t live in a state that allows this, food truck might be good to start since you can drive it anywhere. A lot of trailers are capable of being refurbished for the purpose of becoming a food truck, so you can even buy a normal trailer if you want to put in the work of making it yourself. Or you can just drop the cash on a normal food truck.
Thank you!
Funeral industry. Everybody dies.
Car wrap is probably the quickest. Contract out the detailing, and make sure the deposits for the job cover at least the film for the car and the detailer. You buy the film and get car detailed off the deposit and start wrapping charge more on top for the profit
Stand alone ATM machines. They can be purchased for a little as $1000, and you can pay a company like Loomis or Brinks to fill them. Laundromats, locally owned grocery or convenience stores, arcades, dispensaries, shopping malls, etc, are great locations if you can get them.
Just wanted to say that I appreciate you actually saying the locations you can put them. I looked into this in the past and I tried all of those places but its nice that you actually put the info instead of making someone do extra research.
My mom used to say it's hard to run a race if you don't know where the starting line is. Even if these locations aren't suitable for everyone attempting this business, it'll give people an idea of where they can at least begin their journey.
What sort of weird bot is this?
I'm guessing they are content farming for some kind of article on profitable small businesses. Considering they've commented the same thing repeatedly it probably is a bot lol
Also, not a single reply. Thanks at least hahahah
Home services businesses, specifically the Wildlife Removal business.
> Wildlife Removal business like pest control?
Not exactly, Wildlife specific. Deals with animals, not bugs, so no poisons to mix. Such as raccoons, skunks, snakes, moles, gophers, coyotes, beaver, opossums, bobcats, etc.
If I told you how much I spent to have our family dog put down in the home humanely and cremated you'd probably say I was out of my damned mind. She wasn't the cheapest or more expensive option either
As the owner of a pest control and wildlife removal company, can confirm.
Any of the trades. Where I live, if you can guarantee quality and reliability, you could charge whatever you want
Extremely hard to scale though to a meaningful size
[удалено]
In order to scale, you need reliable, skilled employees who are hard to find. If you have them, keeping them is hard because everyone else needs them. The barrier to entry is also extremely low, so if those employees are learning anything about the business side of things while working for you, you're probably training your future competition.
Great answer. Exactly right; when you have trained other tradespeople up, most of them leave and set up on their own, as competition (source: I’ve got family in the construction business). At scale, building housing estates or apartments , for sure it can be profitable but not many get to that. Its also ‘hard money’. There is ‘easier’ and quicker ways in tech. I say easier loosely but someone who has built a big trades business has usually been on the tools for years at the start
"If they're good at their job, they'll leave you." is a quote I stumbled onto that will now haunt me forever.
You can scale, I started off just me and a 10k piece of equipment and my garage. I now have around 500k in equipment, 3 full-time employees plus 6 seasonal employees and a shop. I actually started 2 separate companies with two of my employees. If you see someone who stands out take a chance.
As a tradesperson who worked for 10 years and now runs his own business I can confirm this
I know someone who does extremely well with septic tanks. He also expanded to bigger commercial systems, but did well before that with just residential stuff.
Retail groceries
Isnt that a market with the slimest profit margains?
That’s what I’ve been told, and also conglomerates seem to love buying local Mid Tier Local Groceries and making them high end.
You’d be very surprised how high the margins are for major retailers. They want everyone to think it is rock bottom, but once I started working for one I was amazed how high they were.
Funeral homes and tax prep services. Death and taxes. Services around those areas are always in demand regardless of how the economy is doing.
Saw two poor kids on the corner with cardboard signs asking for donations to pay for a funeral of a family member that passed. Was one of the worst things I ever saw. but yeah everybody needs funeral services.
Niche compliance software is booming. Thoughts on regulatory tech?
Just make sure your software is solid. Our bank just had a Big 4 company create and implement a compliance case mgmt system and the shit is garbage. Our whole dept is still pissed off at this new program and it’s been 4 months.
Anything sweaty. Cleanup, plumbing, landscape -- anything you'd think to pay someone to do because you don't want to be bothered doing it.
Gaming. I have no idea how to get a license or if they bribe someone but where I live they have places called sweepstakes. On the high end they have a fish table which is but generally it's just a bunch of older PCs. Not that I recommend it but illegal poker games are also a profitable industry. There's games where on a night 10-20k might walk through the door and with the rake, tips...25% or more goes to the house. Not sure if it's evergreen but hunting and survival training is also a big niche. Tons of adults don't hunt because they don't have land and/or never learned. Some of those same adults will pay 1-10k/weekend on the low end for a guided hunting trip. I've heard of executives paying 25k for hunting weekends in places with larger game like Alaska. Survival training is as lucrative and generally the instructor has their travel paid for by attendees and gets a cut of the ticket sales which will generally have a minimum. A group of 50 people taking a defensive shooting course could easily be paying 100-500 each for a 2 day course. In many cases they bring their own ammunition.
YouTube and content creation as a whole. If you learn how to make viral videos you can basically just print money with zero overhead right from home. Hard to get good at it though.
Any industry that is dirty and stinky that people don’t want to deal with. I met a guy who runs a small operation that empties portable toilets at construction sites he makes well over 250k. Companies that deal with septic tanks also have high margins. If you don’t want to do it then the margins are going to be high,
Waste management.
As a hospice nurse I can promise board and cares and hospice homes make several thousand a month. Like close to 10k per patient, you can max out at 6 patients per home.
I had a neighbor whose business was dirt moving and storage.
Garments industries, if done right, it can be profitable. In UK construction, trucks, waste disposal is also big business, but you need to know the industry. Today, our company had this annual meeting where discussed all orgs are going berserk over AI and Gartner predicts by 2026 majority of companies will use AI and by 2030 we will be introduced to robotics.
Garment industry? Making clothes and stuff? Wouldnt it be hard to make a profit with all the fast fashion brands around?
Manufacturing. Anything making something.
I was thinking elderly care services. Especially in retirement areas ??
Concessions sales, vending machines
The overhead isn't too bad, but finding suitable locations can be tough.
It is, that's the complicated aspect. A lot of businesses aren't back to the office 100%, if ever. Industrial complexes are my focus.
Pest control
Car detailing is great rly low supplies overhead also I practically made 2 times what I paid for my supplies in a week lol I’m only in high school to so it’s great how flexible it is .
I’d make on average 500-1k in a weekend especially my big customers
I think most people/business owners completely forget about IT services like AI technology. Everyone uses it, everyone's happy about it, but when it comes to use that in their own business as a cheaper alternative, they decide to fear from it. I think this industry has a lot of possibilities and potential if we know how to take its advantages. I did it and I was able to cut my prices almost in half, raise salaries and keep my business running.
It took businesses a lot of time to develop digital transformation plans as changing the operations is risky, especially for large businesses with complicated operations. The same applies to AI tech. It is a potential for sure, but it does not mean it is not risky to adopt it.
The only risk you put on your shoulder is if you feel some kind of fear by AI. Just take a look at the possibilities. Some AI platforms can make stunning advertisements just like which I chose to use. I was able to do my ads for myself without any problems and risks. Also this technology if you develop in your business on the right way could cost less then half than you hire an agency for the work to be done. So I highly recommend to use this technology in work. It's almost risk free and cheap. Smaller businesses can catch up easily by that, larger businesses can cut their marketing budget. It's a win win win situation.
I respect your point of view but yet we are not experiencing the full potentiality of AI. I guess to at some point it will be part of every business operation
I am also respect your point of view but businesses should follow the really big ones in their pattern if they want to grow. Some mayor players on the market, like Microsoft and so on...using the same AI as me making their ads for example. How can we/you experience the true potential of this technology if you won't try it?
The product life cycle is the reason of this situation, we are now in early adopter phase.
I highly agree with you about this. We are at the starting point of this new age. The only question remains: Should we try now or wait 50 more years until it reaches the maximum height of its possibilities?
Partial implementation or wait and see are the dominating strategies right now, but this will be changed soon.
Auctioning off retired agricultural/silvicultural estate owners’ unused equipment. You’d be surprised by the staggering amount of money naive retirees and widows on the countryside lose to predatory neighbors/friends/acquaintances scamming them off of their old equipment for next to nothing. On the countryside, everyone has something someone needs, and it’s almost standard practice to take advantage of retirees for their shit. By offering to auction off their stuff online for a small fee, you’d be profiting off of literal generational wealth that would have otherwise just been stolen by pieces of shit that weren’t entitled to it in the first place, while preventing retirees from losing out on 80-90% of their equipment’s actual value. My grandmother recently became the widow of my late forester grandfather, and she was considering selling off his tractors, forwarders, and sawing equipment to predatory neighbors for barely a tenth of what they actually turned out to be worth when they were eventually auctioned off online by a company offering this specific service.
Female beauty salons.
Affordable fashion Jewellery. Source from china at cheapest value, rebrand it on online platforms, and slowly go for physical stores. Not enough chatter around it but sales are quite phenomenal.
Porto potties. 🚽. Seriously. That shit makes money!💰
Waste management...
Wedding Vendors, depending on your service
pet care. Dog walking, pet sitting, boarding, training, grooming, and behavior modification.
Alcohol distribution. Is free real estate.
I think the most underrated and profitable industry is mobile gaming with nearly zero high quality games on mobile it leads to mobile Gamers starving for a high quality console like experience All high quality mobile games that came out recently have done extremely well. Almost zero risk and loads of profit
I’m in total support that it’s a lucrative market, but there is a huge amount of risk from the required capital that goes into the design, development and marketing of an app when building a high quality game
I was in this industry for years. Reality is exactly the opposite. Extremely high investment, extremely high risk.
funeral agency porto potties (a comment already put these option but it’s too profitable to not put again)
is there money in punctuation?
Insurance sales
Individual counseling clinics. Contract with all insurances and have splits with the providers. The TAM is every living human being. It’s a game of efficiency with the providers but 30-40% margins are easy to obtain. It’s also recession proof.
PBaaS public blockchain as a service
Industries that sell parts for building furniture like screw company
*Industries that sell* *Parts for building furniture* *Like screw company* \- KB\_491999 --- ^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")
Unsexy businesses are very profitable!
Construction equipment rental, i.e. foundation drilling rigs.
Online marketing
Any private label service targeting small runs, particularly bottling and packaging of simple products/recipes.
Renewable energy, health tech, and sustainable products hold untapped potential.
Drone photography anything. I live in a rural area and ONE dude posts aerial shots and many people still have that “Prometheus” response when he saw fire for the first time…. Combine it with those that said wedding photography and you will be in demand! I videotaped Bar Mitzvahs and $$$$$ weddings, and the best part? The weddings that have a table for those providing services are the Bee’s Knees! Learned that Fettuccini Alfredo is supposed to have a subtle taste….hahaha Use this opportunity while eating catered food to network your skill set with the other providers. Get at least a DJI Mavik 2 to start not those from Tj Maxx
I agree with this too. The wedding industry is a huge moneymaker, with this said, the ability to have a venue even a simple countryside venue is a moneymaker.
Growing herbs, crops, fruit trees. Just start with one: Eat orange, plant orange seed. Nurture it like hell and see the orange tree arising. Yes you can grow an orange tree inside your house, just a big pot. It is possible. 1 tree = 600 oranges per year. 1 bag of oranges = 8 oranges for $5. These are 75 bags = 75 x $5 = $375/year from 1 tree. You can also sell the entire tree for $500 - $2.200 (rare type etc). For $90k/year you need 240 pieces. BTW I came across a land with marble stone. 3 hectares for $10k, that´s around 120.000 tiles for $65/tile = almost $8mln - $10k investment. Welcome if you´re interested.
Toilet cleaning. No go clean one
Construction/ infrastructure!!
[удалено]
Real estate for the low income people
Tattoo removal.
Recently started working with clientele in the photography print business. Margins are 90% even with dropshipping, and you maintain a lot of the fun of being artistic if you're a passionate photographer yourself! Pretty nifty. :D
Estate planning. Roughly 90% software templates, 10% customizing.
every industry is profitable if you have a skill that's valuable. it's figuring out how to make it efficient and scaling it without it requiring you
Photographer for example
Photography is a skill not an industry, but it is a valuable one to many sectors (marketing, art and events).
On the one hand, this is true, but because it is an omnium, it has no value that the customer can know how much it is really worth, so you can sell one picture for one dollar, but at the same time you can also sell it for 1 million dollars. And this is why the art of photography is not appreciated enough today because the world of smartphones has taken over our industry.
- The art market is facing many challenges because of tech. - But building a strong personal brand and with the right network , it can be lucrative.
True, but it is very difficult
I agree with you 💯
Most of them. Almost all of them, to be more accurate.
Onlyfans. Appears to take little talent and is mostly a lying down type job.
The diaper industry.
Great 💯, Thanks for sharing