Latest / Networking and Marketing Made Simple
High Margin Business Ideas You Can Start Online
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…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.