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]

wheelspin said:
I'm a newbie in all this things and have some stupid questions.
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we are all here to learn, no question is stupid.

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

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[wheelspin]

blueweb said:
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)
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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.

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Specialized in advisory service for tailor made Offshore setups with banking and payment processing. Privacy and Anonymity is my priority.
Contact

 

[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!

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[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]

happyjohn said:
Wonder why no one suggested Crypto Exchange - very high risk but still possible for some organisations to get a merchant account.
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I guess you need high volymes to make any money?