The most profitable business in Russia. Profitable business

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The most profitable business in Russia is in the area to which the soul of the entrepreneur lies. In other words, you need to do only what you love. However, this business must still be profitable and bring a certain income. Therefore, before determining the scope of activity where to organize a profitable business, you need to choose the most popular industries first of all.

Which business is considered profitable

In today's market, the most numerous are representatives of small and medium-sized businesses. After all, it is in them that any entity can begin to function quickly, independently and without significant investments.

The main criteria for the "profitability level" of a business are:

• Speed of return on investment in business. In this case, we are talking about the operating cycle. For example, from the purchase of a product to the receipt of money (in fact) from its sale, a minimum period of time should be spent.
• Demand. A profitable business can only be carried out in an accessible target audience, potentially interested in certain services.
• Cost of materials and raw materials. Both current costs and profit depend on it.
• Profitability. This indicator is closely related to the previous two. Thus, the profit will increase simultaneously with the sales volume.
• Capital return. This indicator characterizes the efficiency of investments and their proportionality with the received profit.

Starting a profitable business is easy

When organizing their own business, it is advisable for a novice entrepreneur to be interested in the political and economic situation in the country. This is the only way to determine the most profitable business in Russia today. It is necessary for oneself to designate the main indicators for each desired type of activity, to monitor the expected results on them.

As the simplest example, the article considers the trade in basic necessities. This activity can be classified as a profitable small business. The analysis of its effectiveness was carried out according to the five criteria given above.

• The speed of money turnover is quite high. For example, a purchase was made in the store of bread and milk, which will be sold out within the next few days.
• Demand for the same bread, matches and soap will always be, regardless of whether there is an economic recovery or crisis or war.
• Low cost of goods with a huge selection of suppliers, while the margininstalled by the seller.
• Direct relationship, expressed as follows: high sales volumes lead to high profits.
• High business efficiency due to good sales and demand inelasticity.

The following activities can be classified as a profitable business: beauty and entertainment industry, catering, wholesale, repair services, tourism and advertising business, installation and after-service of equipment, Internet commerce, logistics, transportation and educational services.

Deciding on a specific line of action

It is necessary to take into account the fact that, given some instability and the transitional state of the economic environment, it is not enough to identify the most profitable business in Russia, based only on standard economic parameters. It is also necessary to remember about bureaucratic and political obstacles, high competition and peculiarities of the mentality in some areas, as well as the low development of certain types of activities. Therefore, every aspiring entrepreneur needs to decide what he is ready to face in order to achieve effective work. No need to abandon those niches that may at first glance seem unpromising and clogged, but using special tools to organize the most profitable business in Russia.

The main types of successful business

• Advertising business. Many trade and understand that advertising is the engine of theiractivities. Despite the competition, there will always be demand. Advertising agencies make up a fairly large segment of the service delivery industry. At the same time, they continue to develop actively in the future. Therefore, promotional activities can be considered as a profitable business.
• Trade. Today it is quite difficult to break into the market with goods of daily consumption. However, there is an alternative to it - online stores. This is a very profitable business in Moscow, which is gradually gaining momentum.

Opening a business in Moscow

The capital is a city of great opportunity, in which every citizen is trying to take his place. Businessmen are no exception. Consider the main activities that make up the category of "profitable business" in Moscow.

Giving small loans

In the first place is the implementation of activities in the field of small credit. Today, many offices have opened, in which small amounts of money are issued at high interest rates. Thanks to such a high percentage, businessmen receive income. This type of activity is profitable, despite insignificant investments at the initial stage.

Grocery stores and food outlets

Food sales may come second. Despite the large number of such outlets in the capital, they are often located near residential buildings and therefore are quite in demand. At the initial stage, small amounts of money are neededresources for renting premises, purchasing goods, paying salaries to employees, and for the costs associated with obtaining various trade permits.

Placement of fast food tents can be considered as a profitable business when such tents are located, for example, on the forecourt. This is due to significant costs of renting or purchasing premises, which can be repaid due to the high turnover of the cost of services, due to the large number of arrivals (departures).

Sale of medicines, perfumes and personal care products

This type of business is in third place in terms of profit. Opening at least one pharmacy in one of the central districts will give its organizer a significant income, which can be compared with the profit of several similar establishments, but in a residential area.

The profitability of the business of selling personal care products and perfumes is associated with the constant need for hygiene products for every person. The payback of this type of activity in Moscow is much higher than in other cities. On the positive side, there are relatively low costs associated with the purchase of products and the payment of rent for the premises.

Public Ground Transport Services

The payback of this business is guaranteed due to the annual increase in fare rates. At the same time, the costs of paying taxes, paying salaries to employees, gasoline and servicing rolling stock often remainat the same level.

Medicine

And finally, the last place in the list of profitable types of business is the provision of medical services. Among the advantages of this type of activity are the following: a small staff, a small rented premises and medical equipment.