Hello, friends! Did you know that small business entrepreneurs are simply vital it is necessary to learn to feel by hearing, sight, intuition where high-margin niches appear?

Ask why? The answer is simple - there is a lot of money.

What is margin

Margin in the understanding of an ordinary person is profit... More precisely, the difference between the cost of what you offer and its selling (selling).

The proceeds from the sale of goods, work, services are the margin.

The margin can be:

• trade or market
• credit;
• banking and others.

The higher the margin, the higher the margin of the product.

That is why individual entrepreneurs (especially young ones, because they want fast and big ones) strive to find and fill highly profitable niches as soon as possible.

How to identify them

Any business operates at the expense of a mark-up on a product.

Large firms, for example in retail trade (retail), can afford small markups (2-3%), therefore, prices in supermarkets are much lower. Money is earned here by the number of buyers.

The margin on goods and services in business is not limited. 30-50% is already considered sufficient, but no one will forbid you to bet 100-200% or more. The main thing is to be able to sell.

True, the state regulates the prices of bread, sugar and other goods from the social basket.

In order not to set too high or low margins and ruin their own business, its owner must maintain a balance in high-margin niches between:

• high demand
• minimum offer
• maximum mark-up.

Here is a list of products in these niches:

• new items;
• seasonal;
• branded (clothes, shoes, jewelry);
• other goods, the demand for which is almost always, and the margin is 100% or more.

A high-margin business is able to bring large profits with minimal investment of money and time. Perhaps you will find a sample of one of these in mine.

Once a product has appeared on the market, it is expensive until it is released in large quantities. With the advent of the Internet, this now happens almost instantly.

When choosing a direction for online commerce in this topic, evaluate:

1. Do you have sufficient knowledge and experience... For example, if you are well versed in cosmetics, this does not mean that something will be the same with automotive products.
2. How interested in this item... To determine the popularity of a product on the market, it is enough to look at social networks, on thematic forums. The more in demand the product is, the more you can earn.
3. How many regular customers will you have... This is very important to calculate, since the cost of finding each new customer is much higher than the cost of re-selling to a regular customer.
4. How long does it take for a full cycle transaction?... Better to bet on a trade with a short period of time (up to three weeks).
5. Customer base geography... A large-scale business requires a product that is in demand regardless of country and season.
6. If you decide to find a completely new niche such a business, then the promotion of a direction may require a lot of capital, and mass popularity can be achieved no sooner than in 3-4 years.
7. Start your way in business in the direction that is already on the market, but not completely filled.

New Trends in Profitable Products

If you think about tomorrow today, we can confidently note several types of business that experts consider mega profitable in the next few years:

1. Goods of the future: rechargeable batteries and batteries to provide energy savings or other sources. As well as products that are able to provide each home with autonomy and warmth. Electric vehicles.
2. Products that can evoke positive emotions... Because of this, they are in the top category. In our stressful times, we get too tired of anger, intrigue, instability.
3. Fakes of famous brands originally from China. Expensive and fashionable clothes and shoes can easily be counterfeited by those who know how. They are selling no less successfully than the originals. For this country, copying brands is one of the methods of survival, which has turned into a hobby over time.
4. Sale of water... Over time, the planet has less and less natural resources and smart people worry about it now. You can make money on the water in different ways: by selling as a product or a cleansing service.
5. Creating holidays... Depending on the imagination of the performer and the wishes of the customer, the design of all kinds of feasts, holidays and special events can already bring a huge income to an entrepreneur today.

Sell ​​high and get rich, friends! If you can, I will be very happy for you.

With faith in your success,
Lily