The Most Profitable Business Niches

[Mika]

You need to understand one basic truth about your finances. If you have a job (work for a company), you might easily earn a living; however, you will be able to build a fortune only when you invest or start a business. If you are thinking about starting a business, consider the following most profitable niches for business.

Over The Top Media Service: Over The Top Media services or simply OTT Platforms are the platforms that offer audio-video content directly to the audience via the internet. These services do not use traditional broadcasting services such as cable, broadcast, or satellite television. Some of the examples of OTT are Netflix, Amazon Prime, Hulu, etc.

Service Marketplaces: These days a lot of people prefer to work independently instead of joining a company, however, the problem with working independently is difficulty in finding proper work. Likewise, people are also constantly looking to hire workers but they don’t know where to hire workers. This creates a room for service marketplace. You can create a website and app to connect workers with employers, where people like house painters, carpenters, mason workers, plumbers, electricians, etc. will find work, and people looking to hire someone to paint their house, remodel furniture, etc. will find workers.

 

[Shaf]

It's really by doing business but most rich people build real sustainable wealth. There is the chance to learn money management, business management all in business which are very essential when one wants to be rich.

Some people I know argue that it's possible to get rich with a job. It s not that it's impossible but in the long run, you can only work and earn so much. I think it will be hard though for most people with the two options you mentioned, especially with the Over the Top media services. That's because as a newbie in that niche you'll be competing with the likes of Netflix that has grown massively.

To stand out and attract customers in such niches is hard, so also in the services marketplace where you have upwork, Fiverr and others.

If someone can do something really unique though that they don't do, it will be a great opportunity.

 

[Lens1000]

The write up is very educative and it has lots of information embedded. It will be very good to be financially independent by getting your hands on the best jobs around. Those that are working in companies are also planning to establish a personal business that will fetch them something very reasonable. The best way to establish a financial undefended is to establish a job that will corroborate the one that you already had. The dream of every employee is to build a source of income that will serve as another means if income.

I have seen employees have many companies to their credit. This companies would be a shock absorber whenever calamity loon at the place of work . This is necessary because the white collar jobs are not secured. Anything can happen at any point in time. This is the more reason why I strongly support establishing a company that will serve as a side hustles. Moreover, you will have something to fall back on whenever you are laid off from work.

Establishing companies is on the mind of average employees. Everyone wants to be his/her own boss and become financially independent. . You will no longer be answerable to anyone.