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What are the types of products do you need to make a very profitable business?

Postby Treborika » 23 Jun 2023, 05:34

There are various products that seems to be doing well and make great business. What are those products that you think can make a good business?
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Re: What are the types of products do you need to make a very profitable business?

Postby Emmaojo » 23 Jun 2023, 06:22

I need kiosk for my POS business to be able to make frequent sales. I only have one but I need more.
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Re: What are the types of products do you need to make a very profitable business?

Postby germainebull » 24 Jun 2023, 11:46

Food products constitute merchandise that a person can deal in to earn substantial financial returns. Provided that a businesspersons carried out the necessary market research thoroughly and positions his/her food-based venture appropriately, he would be assured of sustainably high sales.
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Re: What are the types of products do you need to make a very profitable business?

Postby Angie10 » 24 Jun 2023, 13:24

I'm also looking to buy stuff to resell and still mulling what to buy. I reckon it'll depend largely on your location, target audience and whatever that particular group of people need but can't easily get their hands on. You can do a search to see what most people search for where you are, and that should inform you as to what to consider.
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Re: What are the types of products do you need to make a very profitable business?

Postby Kenti » 24 Jun 2023, 15:09

In this digital era, anything and everything sells. All you need is the right marketing channels.
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Re: What are the types of products do you need to make a very profitable business?

Postby Bisolami » 24 Jun 2023, 17:26

It does not depend on the product. It actually depends on how good you are at advertising products.
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Re: What are the types of products do you need to make a very profitable business?

Postby Ofonime » 24 Jun 2023, 20:43

Bisolami wrote:It does not depend on the product. It actually depends on how good you are at advertising products.
If it is offline it's depends on product and location but if it is online advertising matters alot you can trust to make alot of money if you go into tech item marketing in my country
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Re: What are the types of products do you need to make a very profitable business?

Postby Semi » 25 Jun 2023, 04:59

Just try and sell a product that 50% of people in your street must patronize everyday and your profit margin is 10 cents per product. You are surely going towards billionaire status.
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Re: What are the types of products do you need to make a very profitable business?

Postby Kenti » 11 Jul 2023, 03:23

In my country, I think renewable energy products would sell very well and very fast
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Re: What are the types of products do you need to make a very profitable business?

Postby augusta » 11 Jul 2023, 04:44

I don't think it is about types of products but what the consumers in your location will quickly buy. So the thing is that you just have to undertake a feasibility studies to know this
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Re: What are the types of products do you need to make a very profitable business?

Postby Recob » 16 Jul 2023, 17:38

Selling of foodstuffs is a very profitable business. These products sell well because man cannot live without food and everybody need it to survive.
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Re: What are the types of products do you need to make a very profitable business?

Postby Xynehappy » 16 Jul 2023, 18:15

In my country the business for selling petroleum products is highly profitable. It's only that it requires a very large amount of capital to start.
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Re: What are the types of products do you need to make a very profitable business?

Postby Nsikan » 17 Jul 2023, 04:41

That kind of business is not for an average individuals. You would have to save for 5 years to have the money to get started.
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Re: What are the types of products do you need to make a very profitable business?

Postby germainebull » 17 Jul 2023, 07:49

Semi wrote:Just try and sell a product that 50% of people in your street must patronize everyday and your profit margin is 10 cents per product. You are surely going towards billionaire status.


True. It is hugely important for an aspiring businessperson to carry out market research so as to identify the needs of the people living in her target population.
An offering that matches the needs of the target market is bound to enable a person earn high levels of profit sustainably.
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Re: What are the types of products do you need to make a very profitable business?

Postby Nsikan » 17 Jul 2023, 09:42

One business that can really profit a person in my country is the business of running a school. The population is growing massively and the demand for schools keep increasing.
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Re: What are the types of products do you need to make a very profitable business?

Postby Alexandoy » 17 Jul 2023, 09:53

The most common product that is profitable here is food for consumption. In our village there are many small stores that sell cooked food where people would buy their meal when they are lazy to cook.
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Re: What are the types of products do you need to make a very profitable business?

Postby Nsikan » 17 Jul 2023, 10:01

Food sells everywhere accross the world. There are instances though that people lose still with this food business
Alexandoy wrote:The most common product that is profitable here is food for consumption. In our village there are many small stores that sell cooked food where people would buy their meal when they are lazy to cook.
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Re: What are the types of products do you need to make a very profitable business?

Postby Tendz » 17 Jul 2023, 10:38

Good products that everyone wants or needs, which can be manufactured for less than the people are willing to pay.
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Re: What are the types of products do you need to make a very profitable business?

Postby SHAHID987 » 17 Jul 2023, 13:46

Raw rice is very demand able item here, I started its online business which saved my shop's rent and electricity bills, I give ads, pick order and supply rice and get handsome profit.
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Re: What are the types of products do you need to make a very profitable business?

Postby Kenti » 17 Jul 2023, 19:18

SHAHID987 wrote:Raw rice is very demand able item here, I started its online business which saved my shop's rent and electricity bills, I give ads, pick order and supply rice and get handsome profit.
Rice has been a staple food in most regions of the world and sells very well.
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