High Margin Business Ideas You Can Start Online
Networking and Marketing Made Simple
English - March 11, 2024 09:00 - 26 minutes - 25 MB - ★★★★★ - 66 ratingsBusiness business entrepreneur health interview finance fitness entrepreneurship marketing leadership money Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Warren Buffett knows a thing or two about making money. His advice? "Focus on businesses with high-profit margins."
This fits with the Feel Good Business Model, which is about building a business that makes money (at a higher profit margin) and makes you happy in the process.
A profit margin= [(Revenue-Cost)/Revenue] x 100. Profit margins between 50-70% are typically considered “good”.
Let's check out some examples of some different business ventures you can start:
1. Product-Based Business
2. Agency Based Business
3. Coaching/Consulting Based Business
These are just a few types of businesses you can start.
It comes down to what business you would enjoy running the most :-)
Our new book, “The Feel Good Business Model,” teaches you how to start a business that gives you fun, time freedom, and flexibility.
If you’d like to learn more, join the waitlist here: https://www.thetimetogrow.com/FeelGoodBusiness