The best type of business to start

Jim_SamsonBy definition, members of The Midas Legacy are striving for more – more wealth, more security, more success, etc.

And one way to gain all of that is to start a successful business.

That’s why today I want to discuss the absolute best (and cheapest) type of business that you could start from anywhere…

Think about the characteristics of any business, and what you would want in your own business. Here are a few things I think we can all agree would be ideal:

  • Very low startup costs – no need to buy office space, equipment, etc.
  • Ease of entry – You don’t have to spend hours upon hours trying to get permits or licenses.
  • Cheap product/service development – You don’t need to put up big money to produce the product or service you want to sell.
  • No required location – You can run this business from anywhere.
  • Large profit margin – A large of majority of the sale of your product or service goes straight into your pocket.

If you have any dispute with those characteristics of a great business, you may be thinking about a dangerous business.

Want to start a restaurant? Big time startup costs – from staff to premises – make restaurants one of the riskiest businesses to start.

Selling something you make at home could have the downside of a low profit margin after you think about cost of materials and potential advertising costs.

And most other types of business require you to get permit after or permit or spend tons of cash on product or service manufacturing.

But what if I told you that there’s one kind of business that checks off every single one of the boxes for the ideal business that we just discussed? With the evolution of technology, this business has become one of the most viable and profitable businesses to start.

So what business am I talking about? The information business.

Think about it – whether you’re selling information about eating healthy, working out, building a home, training a pet, or whatever, this information business of yours would have tiny startup costs, ease of entry into the marketplace, cheap product development (maybe a book or newsletter would do the trick), you could do it from anywhere, and the profit margin would be gigantic.

An information business includes the combination of accessibility, profitability, fluidity, and all while you could be providing people with information about something you and they love!

So think about the things you love or are interested in. If you can give people information on that topic, you could start your own information business.

Bookmark and Share facebook twitter twitter

Leave a Comment