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What Is The Most Profitable And Popular Business I Can Start?

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    The answer depends on the amount of capital you have, and the amount of management you would like to be invovled in.  There are lots of proven systems out there, but the biggest factor really is the amount of money you have (or can afford to borrow).  So in order of price:

    Buy an existing business - lots of research required (like buying a house or car), but lots of issues to consider

    Buy a franchise - proven system, usually focused on food, retail or service.  Other things to think about are locations, staffing and management.

    Start your own business - if you have an idea, have done some market research and are prepared to go through and develop a business plan.  Prices varies depending on if you are opening a store, acting as middle man, or running an online business.  

    Online business models - popularised by eBay and PayPal, these and other companies provide a model and platform for doing online business, which has the lowest costs, and the widest market, but competition and business idea are the key issues to overcome.

    Many websites offer Home businesses, which usually involves multilevel marketing or similar schemes.  I can't comment too much on these.

    If you have considered all these issues, you will work out what will be the most profitable type of business for you.
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    S4074433 

    answered 3 years ago

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