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High Profit Margin

 
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vapourlock

posts: 72

Feb 02, 2008 4:56 AM ET    Quote  Report Abuse
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vapour,

I am actually in the middle starting a "full-fledged" publication and know that there is the alternative "e-zine" but. . . in reviewing your submission I am reconsidering my options. We WOULD like to jump in to a web-based venture and I`d appreciate any input you have in terms of the benefits of being completely digital. But we are talking about a niche publication.

Awaiting your feedback.

Waylon Pretends Eagle



 
entreprenative,
 
I am glad you are re-considering your options.It is always good to pause and think. I don`t know the niche category you are talking about but perhaps you could work out things this way...
  • It isn`t very expensive to start a "Online only" mag or e-zine. But then, I don`t know which country you are in. However, that`s the beauty of going digital. Suddenly the world is your country and you do business beyind boundaries.
  • Who is your reader? What does she do? What are her interests? What piques her? What does she do when she isn`t working? Does she spend time online? If yes, how much? If she isn`t reading online what is she doing? -- The beauty is that all of this info is available online. You need this info because you have to ensure you know your customer better than your children.
  • Off line mags are generally subscribed - they are subscribed because they offer timely, valuable information which readers love to read. You can`t forget this golden principle -- no matter which way you tend to go.
  • I was reading this book called " E -Myth Re-visted" by Michael. E. Gerber -- I`d suggest you go and buy it.It talks about how the skilled worker starts a business only to get caught in a trap he had devised on his own. It talks about how to develop business as "system" and how you could -- if done right-- walk away from your business and still make it work for you. Do you understand what that means to you? Do you realize that it begets freedom and wealth?  It even has a sequel called "E-Myth Mastery". I couldn`t sleep after that. It is pure gold, if you ask me. Go ahead and buy these books.
  • E-zine type business model works beautifully if done right - low overheads, remote writers, editors and proof readers. See these sites? www.inc.com , www.entrepreneur.com , www.marketingprofs.com -- although they do have magazines, their sites are just as good.
  • It is hard work to find and retain good quality but still inexpensive writers ( like me ..ho ho..) who are also reliable and stick to deadlines. If you can work out a system for your entire business and think about it, I don`t see why you wont do well.
I am not qualified to talk more than what I can simply because I had never set up a web-zine. But think of these as my 2 cents.
All the very best and may you succeed like no other.
 
Vapour..
 


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vrleyson

posts: 1

Feb 05, 2008 12:27 PM ET    Quote  Report Abuse
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Food businesses in general - at least a 40% mark-up. Think about it, a cup of coffee for $4.00!
jeff66

posts: 1

Feb 05, 2008 12:27 PM ET    Quote  Report Abuse
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Hotel Gift Shop`s have high profit margins and I`ve got one I`ll give you for free and it`s full of merchandise. It`s in Jacksonville Florida.
 
 
jeff662/5/2008 2:24 PM
Burke

posts: 3

Feb 05, 2008 12:49 PM ET    Quote  Report Abuse
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I share your concerns, Waylon. I publish a niche magazined now, and am looking for a good opportunity to start one online. But from what I have read, it has to be "right" or it won`t go anywhere. but online is a definite way to keep costs down, and away from the cost of traditional printing.
 
Ryzo
grnoldschool

posts: 4

Feb 05, 2008 12:50 PM ET    Quote  Report Abuse
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I work with a company called Global Resorts Network. It is a direct sales company. Many direct sales companies market high profit high ticket items due to the fact that the distributors are in charge of the advertising and running their own business. 

To make money in this industry you need a product that sells itself, that has value in the marketplace without the oppty attached. You need system that helps you close sales and you need a compensation plan that can allow you to earn $10k+ a month. 

Here with Global Resorts Network our luxury timeshare membership is the perfect product for those that cant afford the 10k-30k + it takes to buy a timeshare but still want the advantages of saving 70-80% off retail staying at 3-5* Resorts.  We also have sales systems in place that allow you to run the business fully automated, where you have virtual assistants doing the work for you or you can decide to do the business on a more personal basis.

Whatever works for you just make sure you find a business with a great ROI where you can get into profit in weeks not years.

Chris

www.getgrntoday.com

877-776-7503



-------------------------

www.sayyestogrn.com
Global Resorts Network
Amazing Product=Amazing Income
CarrieS1217

posts: 2

Feb 05, 2008 1:21 PM ET    Quote  Report Abuse
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I work with many successful six figure income earners daily in this business I have a very large team and am teaching them on a daily basis how to create 6-figures from home, travel for wholesale prices, and spend more time with friends and family. Together we are extremely busy looking for, and assisting motivated people to set up their own profitable home based travel business. Everyday I receive calls and emails from individuals who claim they are frustrated and disgruntled with the quality of their lives and are looking to make changes. I mean everyone is interested in being their own boss, building wealth and financial independence from home, living a stress free lifestyle.
 
Ask yourself --
If there was a single travel solution with the 24/7 convenience of the internet, TRUE WHOLESALE pricing unavailable to the general public, access to virtually anywhere in the world and the 5-star service that you desire and expect, would that be exciting to you?
 
If so, please visit my website, or email me or call me:
 
Carrie Scholzen
888-780-4578

Would you or anyone you know love to save money on flights,

condos, hotels, car rentals, restaurants, golf and more?

Would you exchange 6 thousand dollars for 24 thousand dollars

 

Ask yourself.

If there was a single travel solution with the 24/7convenience of

the internet, true wholesale pricing unavailable to the general

public, access to virtually anywhere in the world and the 5 star

service you desire and expect, would that be exciting?

Would you or anyone you know love to save money on flights,

condos, hotels, car rentals, restaurants, golf and more?

Would you exchange 6 thousand dollars for 24 thousand dollars

 
 
dougmcisaac

posts: 24

Feb 05, 2008 2:52 PM ET    Quote  Report Abuse
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The best margins are in things that you can do once and earn residual income from.
Almost any type of intellectual property qualifies:
 
1. Licensing
2. Movies
3. Electronic Books
4. Audio and video educational products
5. Music
 
Doug


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Use Online Marketing to Supercharge Your Sales Free Expert Interview Series
Feb 05, 2008 4:04 PM ET    Quote  Report Abuse
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I agree with you Doug.  I have developed and licensed several innovations with less than $100 of total cash investment on my part and only a few months of my time (on a part time basis) that returned above 6 figures in the first year and have been paying me royalties for years thereafter.  I keep my cost down by doing the initial work myself and I then pass most of big costs on to my licensees.  If you can come up with an idea for something (invention, business concept, etc.) flush it out enough to give it real value to a licensee and then properly protected it, it can be a great high profit venture. 
 
Eliot
WilliamCraig3

posts: 1

Feb 05, 2008 4:21 PM ET    Quote  Report Abuse
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Greetings !
 
Here are two ideas (online and offline);
 
1.  Online - Digital products: eBooks, Videos, MP3s, e-zines, etc.  No physical products to produce; huge margins!!!
 
2. Offline - Dry Cleaning: can be outsourced at huge margins.
 
William Craig, III
 
 
 
 


-------------------------

William W. Craig, III

We Make A Living By What We Get, We Make A Life By What We Give.
JosephWisdom

posts: 1

Feb 05, 2008 5:53 PM ET    Quote  Report Abuse
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Okay everyone... Here are a few morsels:  I have owned a jewelry store.  Bad idea nowadays.  Impossible to compete with the bigger chains and discount houses.  Furniture...two thumbs down if it is new and two thumbs up if it is used.  Consignment is the best way to go and you can charge 50% of the sale of any item.  Add clothing and household items and decor as well.
 
A person can do well with small repair jobs because the big contractors don`t want these jobs.  You can actually hire out help and pay the help a decent hourly wage while reaping a handsome profit for yourself without lifting a hammer.
 
Real Estate made me a fortune... but unless you are buying and selling multimillion dollar homes...forget it.  Those days are gone.
 
Hope some of these ideas help.  They are all based on personal experience. 
 
If you have the income you can also help finance someone else such as a good mechanic.  Finance a small start up shop for him if he is good and is honest and take 50% of the net.  I have done that a few times over the years as well.  People balk initially, but when they realize they will never save the money themselves to have their dream...50% starts sounding like a great opportunity....and it really is.
JosephWisdom2/5/2008 5:55 PM
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