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 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