I've been giving this a lot of thought lately, Which kind of business model would you prefer, will you prefer the kind of business where profit can be from both the rich and poor, that is huge profits occasionally and small profits daily?
I prefer this. Having the mindset of a businessman, you want your business keeps on rolling and you understand that there are seasons that your business won't be that profitable although in a sense that you're still in profit but it's low. You'll meet a lot of people if your product is sellable to the rich and poor and that can potentially make you a network which is one of the best strategies in having a business. 
Topic: Which business profit model do you prefer? - page 4. (Read 646 times)
China is known to the world in the trading business, generally buying / selling, one principle they pursue in business, (small profit, but routine all the time), if you ask me personally obviously I choose small profit, this is outside crypto.
The reason is simple:
• In business if you sell a product at a high price and make a big profit, of course people will buy it only once, so your product turns in slow (expensive) buying and selling.
• In the business of buying and selling for small profits, the rotation of your product is fast, your business will grow in minutes, hours or per day, automatically your products are selling well because (cheap).
with a small profit taking business, your economy is growing fast, instead of selling a big profit business one month one product sold.
I also agree with you. it is better to earn a small but regular profit, than a big profit that is only occasionally. it may be good to get big profit, but in this business it is not a good choice. It's hard to thrive when you're only making occasional profits. as you said, china applies the principle of "small profit, but routine all the time" that's why their business is growing fast and their products are cheap compared to other countries. The reason is simple:
• In business if you sell a product at a high price and make a big profit, of course people will buy it only once, so your product turns in slow (expensive) buying and selling.
• In the business of buying and selling for small profits, the rotation of your product is fast, your business will grow in minutes, hours or per day, automatically your products are selling well because (cheap).
with a small profit taking business, your economy is growing fast, instead of selling a big profit business one month one product sold.
Well, I think it depends on the business model, if your type of business only affects the high-income earners then I don't think the low or poor class (as you put it) will not be in the picture,
For me, I would prefer a business model that connects directly to the high-income earners because such business requires big capital to set up and in turn can bring in a good amount of income, even if the cash flow is not on a daily basis but comes in huge amount whenever it is due, daily earning business is good but if I want to establish myself as a successful business mogul it is important to aim high.
For me, I would prefer a business model that connects directly to the high-income earners because such business requires big capital to set up and in turn can bring in a good amount of income, even if the cash flow is not on a daily basis but comes in huge amount whenever it is due, daily earning business is good but if I want to establish myself as a successful business mogul it is important to aim high.
I prefer to take a business whose profit every day is small, and can be big sometimes when it's time. however, it is very good, and we can try to develop strategies so that we can get a lot of results every day. take advantage of the rich, and affordable for the underprivileged, that would be great. even more so if we can help people who are less fortunate than the businesses we have. my point is, don't take much advantage of them depending on their circumstances.
I like your initiative about caring for the poor and not only for the rich. A good example for this kind of business are restaurants. We can prepare a small size servings and sell it for a much cheaper price so that normal people can afford it, while rich people will always go for the full size servings.This business can rake you more cash because your allowing two kinds of people here not only one and if we see an improvement on this business model we can then add branches one by one. Not only that we can increase our income this way, we can also give people a chance to try our food if they are living from a far places.
China is known to the world in the trading business, generally buying / selling, one principle they pursue in business, (small profit, but routine all the time), if you ask me personally obviously I choose small profit, this is outside crypto.
The reason is simple:
• In business if you sell a product at a high price and make a big profit, of course people will buy it only once, so your product turns in slow (expensive) buying and selling.
• In the business of buying and selling for small profits, the rotation of your product is fast, your business will grow in minutes, hours or per day, automatically your products are selling well because (cheap).
with a small profit taking business, your economy is growing fast, instead of selling a big profit business one month one product sold.
It is about buying, and buying as much as possible, and holding, as long as possible. China goes to other nations, build huge railroads, regular roads, airports etc etc and they spend insane amount of money at first, but they get the ownership, or at least 49 year lease 99 year lease or whatever year lease type of situation. What this means is, you spend 100 dollar on something that gets you 1 dollar per month, but you spend that 100 dollar TODAY, whereas in 5 years that 1 dollar per month will become 2 dollars per month, in 10 years that will be 4 dollars per month and in 20 years it will be 8 dollars per month.The reason is simple:
• In business if you sell a product at a high price and make a big profit, of course people will buy it only once, so your product turns in slow (expensive) buying and selling.
• In the business of buying and selling for small profits, the rotation of your product is fast, your business will grow in minutes, hours or per day, automatically your products are selling well because (cheap).
with a small profit taking business, your economy is growing fast, instead of selling a big profit business one month one product sold.
So as you can see, it will not only recoup, but it will make them a lot more richer thanks to inflation. This is how they grow, they spend todays money but earns tomorrows money. So when you are investing in crypto, remember that whatever seems high for you today, will be not so high tomorrow and invest accordingly.
I prefer to take a business whose profit every day is small, and can be big sometimes when it's time. however, it is very good, and we can try to develop strategies so that we can get a lot of results every day. take advantage of the rich, and affordable for the underprivileged, that would be great. even more so if we can help people who are less fortunate than the businesses we have. my point is, don't take much advantage of them depending on their circumstances.
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Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
The answer to this should be simple, profits from the richest people is a more difficult model (long term). The margins to top end products have to be far higher because of this risk, because of this cost to attending to a low population larger variance audience; in brief rich people arent always liquid in their finance to buy your product sometimes they are purely paying bills on their mansion etc.
Always the case should be is that capitalism favors the application of the product to the largest possible audience and so eventually society as a whole benefits. The greatest profits will come from economies of scale and allowing your product to be made as efficiently as possible and sold to as many people as possible. Its almost always the case that revenue creates the greatest profits not selective high margin high end only.
Selling to the poor ensures you have a large market of generally uneducated buyers. Sounds harsh, but it's true. Appeal to the masses of the poor and uneducated with an affordable product, and your business model is quite successful. Though I'd offer an alternative and suggest that any business model that can insert itself into the middle class plus lower class is bound for success.
I've been giving this a lot of thought lately, Which kind of business model would you prefer, will you prefer the kind of business where profit can be from both the rich and poor, that is huge profits occasionally and small profits daily?
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
Why make a business that only limited to a single entity? Can we define rich? Can we define poor?
The model is useless if it won't attract more clients regardless of their life standard.
Make a business that will benefit rich and poor. That's what business is all about, that's what investment is, cover everything.
I've been giving this a lot of thought lately, Which kind of business model would you prefer, will you prefer the kind of business where profit can be from both the rich and poor, that is huge profits occasionally and small profits daily?
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
Well if I can choose what business I will run then I will prefer the most common needs for people, like restaurants, cafe, oil and gas station, lifestyle(shoes, cloth, etc.), and many more. It wont grant me a lot of profit in instant but for sustainability, it will be better rather than seasonal business. I saw many people open a new store after they're retired.
I've been giving this a lot of thought lately, Which kind of business model would you prefer, will you prefer the kind of business where profit can be from both the rich and poor, that is huge profits occasionally and small profits daily?
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
In the business world there will be ups and downs, as you say. But if you ask about it, I'd choose a consistent business. Where the business that I do reaches all, and of course has a long-term income. Not sometimes there, sometimes not. It's fine for me to make a small profit as long as it's continuous.Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
there are really times which you could really earn small or doesnt really have anything at all.Thing here is that you should be mindful on how to sustain your business despite of those
conditions because if you do really able to bare those storms and challenges which basically means that your business is actually doing good and sustainable
and this thing what matter most.
I would prefer the same. Because how can you sustain the business if the profit will only come occasionally? I would go for regular small profits but I am amenable to the fact that there may be losses at some points. But would be great if you will get a regular income as you need to keep your business afloat. Also, if you have other employees, you also need to give their regular salary and not when you only have profit. So for me, better to have a regular income for the business, whether small or big profit or sometimes losses, as long as you can sustain your business and keep it surviving.
I've been giving this a lot of thought lately, Which kind of business model would you prefer, will you prefer the kind of business where profit can be from both the rich and poor, that is huge profits occasionally and small profits daily?
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
In the business world there will be ups and downs, as you say. But if you ask about it, I'd choose a consistent business. Where the business that I do reaches all, and of course has a long-term income. Not sometimes there, sometimes not. It's fine for me to make a small profit as long as it's continuous.Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
there are really times which you could really earn small or doesnt really have anything at all.Thing here is that you should be mindful on how to sustain your business despite of those
conditions because if you do really able to bare those storms and challenges which basically means that your business is actually doing good and sustainable
and this thing what matter most.
If we want to start a business, we must be prepared with the risks, which in business sometimes experience ups and downs. This means that
we will face problems where our income decreases or even we will experience losses too. The most important thing in running a business is
how to manage the profits generated to make our business bigger. That's the importance of running a business that matches our interests,
so when we encounter problems, we can be more patient and look for solutions. I really like businesses that match my interests,
so I'm more enthusiastic about learning and don't give up easily when I have problems. If I choose a business that I wasn't interested
in the first place, usually when the business suffers a loss, I will leave this business and choose another business. If it's like that it's hard to be
a successful entrepreneur, so I always suggest to everyone run a business that we really like, the chances of success will be greater.
I've been giving this a lot of thought lately, Which kind of business model would you prefer, will you prefer the kind of business where profit can be from both the rich and poor, that is huge profits occasionally and small profits daily?
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
In the business world there will be ups and downs, as you say. But if you ask about it, I'd choose a consistent business. Where the business that I do reaches all, and of course has a long-term income. Not sometimes there, sometimes not. It's fine for me to make a small profit as long as it's continuous.Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
there are really times which you could really earn small or doesnt really have anything at all.Thing here is that you should be mindful on how to sustain your business despite of those
conditions because if you do really able to bare those storms and challenges which basically means that your business is actually doing good and sustainable
and this thing what matter most.
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
This is a profitable kind of business, but not applicable everywhere. Even if I say I prefer to work with the rich, it might not be my reality, because the area where you live heavily influences on this. If you live in poor zones, it's very unlikely you will be able to start a business focused in rich customers. It will be probably a waste of money and time, so you always need to adapt yourself to your own reality or move yourself to somewhere else where you will find the target audience you are looking for in abundance. Moreover, rich customers will demand improved skills and quality from the services offered, so you have to make sure to deliver what they are expecting.Meanwhile, businesses focused on the masses let the quality in second plan and focus more on affordable prices for everyone. So they rely on the quantity of sales in order to make decent profit.
I've been giving this a lot of thought lately, Which kind of business model would you prefer, will you prefer the kind of business where profit can be from both the rich and poor, that is huge profits occasionally and small profits daily?
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
You only need to look at some of the biggest business out there and you will see who they cater to, what kind of stuff Amazon and Walmart sell? Stuff for the rich or stuff for the middle class and the poor? So it is obvious which one out of the two is the best option if you want to make a lot of money, now there are some exceptions, after all selling exclusively for the rich can be profitable too, but if I had to choose then selling to the middle class and the poor is the way to go. Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
I apply the logic selling of the Chinese people.
They don't mind whatever is the status of your life, whether you're rich or poor as long as you're adding to their sale. In some cases, it really depends on the product you're selling.
But if I'm a businessman, I'll choose those products that are affordable so that everyone can avail that. There are those businesses that have luxurious products and they have the target market only for the rich.
They don't mind whatever is the status of your life, whether you're rich or poor as long as you're adding to their sale. In some cases, it really depends on the product you're selling.
But if I'm a businessman, I'll choose those products that are affordable so that everyone can avail that. There are those businesses that have luxurious products and they have the target market only for the rich.
I like a socially responsible business model. The one that cares about ecological impact and about vulnerable people, the one that gets profits but is also good for the local community (not tending only to the rich but having initiatives to help the poor). I think this is the way, a perfect balance of capitalism with socialism. This way the profits are justified and everyone's winning. It's possible and it's done on some level by some businesses. I hope there will be more like that in the future.
I've been giving this a lot of thought lately, Which kind of business model would you prefer, will you prefer the kind of business where profit can be from both the rich and poor, that is huge profits occasionally and small profits daily?
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
Depends on the product really. I would prefer both since they tend to have different cycles so there's always money for me but that would be hard to do, better to focus on one.
Also, if you want to try to make money out of both, you'd probably have to make them separate businesses. The rich don't exactly like the idea that poorer folks also use the product/service they use. They find that revolting LOL.
I'd like to have a rich clientele but I don't think I have any skill or product for them so I'd probably end up with a more "mass" market business instead.
To be honest when I am doing a business I won't really think about differentiation between the rich and the poor. I think in business all you have to think about is your profitability, your margins, thing is different pricing for two different people is a bad idea because then the rich would eventually stop buying your product. I think if you really want to help the poor then do charity outside your business but don't make your business a charity in itself.
I don't think OP is talking about discriminatory pricing but asking whether which would be our preferred target market.
If we talk about it, I will definitely choose a large and prolonged profit. But we can't just get that desire, there needs to be a process. So in the process, it must start with something small first. We can not immediately reach something big without something interesting to offer in the business that we run. I will reach from the smallest first, after what we give makes them satisfied, I think something big will also follow by itself.
I've been giving this a lot of thought lately, Which kind of business model would you prefer, will you prefer the kind of business where profit can be from both the rich and poor, that is huge profits occasionally and small profits daily?
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
To be honest when I am doing a business I won't really think about differentiation between the rich and the poor. I think in business all you have to think about is your profitability, your margins, thing is different pricing for two different people is a bad idea because then the rich would eventually stop buying your product. I think if you really want to help the poor then do charity outside your business but don't make your business a charity in itself. Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
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