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What are the 20 most profitable business markets right now?Edit
Either online or in the real World, what business markets are still in1Q2011 the most profitable either in certain countries or globally? Bonuspoints for markets that have shown 10+ year consitent profits and are likelyto do so over the next decade.Edit
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Great list here based on 2009 profitability:
http://money.cnn.com/magazines/f...
Based on return on revenue, the top 20 in 2009 (are these are still profitable in
1Q2011) were:
1. Mining, Crude-Oil Production
2. Pharmaceuticals
3. Tobacco
4. Food Consumer Products
5. Household and Personal Products
6. Telecommunications
7. Industrial Machinery
8. Building Materials, Glass
9. Aerospace and Defense
10. Shipping
11. Network and Other Communications Equipment
12. Banks: Commercial and Savings
13. Beverages
14. Health Care: Insurance and Managed Care
15. Metals
16. Energy
17. Chemicals
18. Specialty Retailers
19. Trading
20. Mail, Package, and Freight Delivery
Also trends to watch: http://www.dailyfinance.com/stor...
Summary:
1. Mining support
2. Psychologists, social workers and marriage guidance counsellors (!)
3. Gold and Silver ore mining
4. Copper, Nickel, Lead and Zinc mining
5. Oil drilling and Gas extraction
So, in short, pulling stuff out of the ground. Or helping people whose lives are in
ruins.
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Mike Lyons Edit Bio Make Anonymous
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Upvote Comment Share Thank Report 13 Jan, 2011
Paul Robinson, Have run several startups of my own in the services space,
and helped numerous business get launched as a technology/developer
consultant.
Vote by David Edmundson-Bird.
My top 3 guesses would be energy (specifically oil), raw material refinement (steel,
plastics) and logistics. Would be interested to see the top 20 we can come up with
though.
Upvote Comment Share Thank Report 13 Jan, 2011
Andrew Stothard Suggest Bio
Vote by Paul Robinson.
I would have thought mining would make it into the top twenty. And on top of that,
metal trading (especially rare earth metals) would probably be in there too.
ReasoniEveryone tends to need raw materials and in a recession if people aren't
trading metals for manufacture they are probably trading gold as people look for a
safe harbour when the money markets become volatile.
After writing that I had a bit of a search:
A quick google found this: http://money.cnn.com/magazines/f...
And this: http://www.dailyfinance.com/stor...
It looks like one area everyone has overlooked is pharmaceuticals.
Answered in forty-four minutes.
Upvote Comment Share Thank Report 13 Jan, 2011
Jonathon Ende, Entrepreneur of start up companies in different service
related markets.
lead generation, real estate, energy, social media, and tech
Upvote Comment Share Thank Report 13 Jan, 2011
David Edmundson-Bird, Principal Lecturer in Digital Marketing
Communications, Course Director for eConsultancy MSc Digital MarketIng
Communications & eConsulta...
The farm machinery that will be used to produce raw food materials will be quite
soon.
Upvote Comment Share Thank Report 13 Jan, 2011
Vijay Das Suggest Bio
Some of the most profitable businesses are in the Technology space. Some of the
most profitable businesses are the one's that are in the Daily Deals Space. As seen
with the growth of Groupon and its competitors, this business area is growing
exponentially and is also extremely profitable.
Another industry that is very profitable is the virtual goods space. Most of the
growth in this space has been through the exponential growth of casual games
played on Facebook, the iPhone, or on Android. This industry is highly profitable.
One of my friends owns a startup in San Francisco that makes casual and virtual
games for the three platforms mentioned above. He told me that they were
completely profitable on day one. Never before have their been businesses that are
so profitable.
These two business areas were the ones that came to my mind the second I
thought of profitability. Not only are they profitable, but revenues for both of those
industries are currently growing exponentially.
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