Profitable businesses

[wheelspin]

Hi guys,

I’m a newbie in all this things and have some stupid questions. I read a lot of posts and just wondering which businesses you pursue.

Some guys stated revenues over 500k$ per month. What kind of business generates it?

Here some of my findings:
- Dropshipment
- Adult stuff
- Ads and affiliate
- Gambling
- Online games (mostly apps with premium options)


I just want to understand some basic rules and principles.


What businesses operate mainly with crypto? Which countries and what type of products or services are being offered? In fact, I can’t image currently which customers are served.

I hope you guys can give some public information or if you like DM me.

 

[Spinat]

I’m a newbie in all this things and have some stupid questions.

we are all here to learn, no question is stupid.

What businesses operate mainly with crypto? Which countries and what type of products or services are being offered?

you listed the industries almost all. Any high risk business that is unable to get a merchant account to accept visa and mastercard use crypto payment gateways as an alternative (good one) - Every business with respect to their turnover offer crypto payments in addition to paypal and card processing.

To make 500K$ monthly turnover requires alot of work every hour and every day unless you buy an existing business which will cost millions.

 

[wheelspin]

Any high risk business that is unable to get a merchant account to accept visa and mastercard use crypto payment gateways as an alternative (good one)

Got it. I guess there's no definition of high risk business. Can you give me an example?

 

[Spinat]

You already mentioned some of them. Adult business, Escort Services, everything with crypto to fiat and of course MLM and other financial services - all considered high risk.

 

[CaptK]

Pharmaceutical, health products and a few subscription based products are also high risk because of the amount of charge backs after free trail.

 

[lory]

Pharmacy business, copyright music, copyright movies and everything what is illegal or brak copyrights is high profit.

Canabis is another good high volume biz.

 

[clemens]

hosting game servers can be very profitable!

 

[thirtyniner]

Dropshiping cannot be seen as business, but rather a way to do business. Profitability depends on the product you are dropshipping.

There are still plenty of businesses with high profitability, but most of them require a lot of effort and hard work, something people run away from this days.

You can also try your career as a “coach”, “influencer”, or any sort of mind exploration business. Once people eat social media, you are pretty much condemned to success.

 

[happyjohn]

Wonder why no one suggested Crypto Exchange - very high risk but still possible for some organisations to get a merchant account.

 

[Dandyline]

Wonder why no one suggested Crypto Exchange - very high risk but still possible for some organisations to get a merchant account.

I guess you need high volymes to make any money?