Topic: Which business profit model do you prefer? (Read 671 times)

The two model is essentially important in a business as a businessman, one is expected to be dynamic in the sales and purchase of the commodity items and  same also applies to the cash flow, but the summation of the two models bring about a good arrival at a maximum profit realization.

A small commodity item can be sold and derived a huge profit while a big item been sold with a little amount of profit realized,  but the only things that must be kept constant in doing business is a continues flow of the market whereby a particular goods or service does not take long before selling off.

We need to eliminate poverty. Any business that is destined to production, construction would be ideal for today's world because they are the ones that supply basic needs. My thought is focused on people's desire to have a job while the economic sectors are active there will be a better quality of life. A business to be richer, perhaps we should get rid of this idea and think about more equitable wealth.

When you are doing business, it is not just all about the price, I think what really matters is how useful your product is. The product you are selling, do people really need it? If it’s a product that nobody is going to need, or people rarely needs it, then it doesn’t matter the price that you are selling it, nobody will be ready to buy it.

So, the first thing in business is to make sure that you have a good product to sell, and once your product is good, and the price of that product is also moderate, then even the rich and the poor would be going for it. So, the main focus in every business should be on quality and knowing what people really needs.

It's a difference between faster or slower turnover but it could also depend on the product or service being offered. I'm more biased towards the smaller profit but quicker turnover since we sell cheap stuff. Cheap stuff is accessible to ALL so you'd have a larger market, the main challenge is keeping the business afloat despite the low bottomline.

Expensive stuff have the opposite problem, the profit from just a couple of sales is massive coz it's possible to put a very high markup (think jewelries which are worth more than triple the material used) but because of that you'd have a smaller market.

 Reaching to both rich and the poor could still happen. People think that very wealthy people all live in yacths and eat caviar every single day. Even though that could be true on some days, even they end up eating at mcdonalds, probably just order it and not go to one, but they still do. Which means even the simplest things could be bought by the rich AND the poor. The difficulty comes when you want to offer two different price points. If you want to have a product that is 10 bucks or whatever for the poor, but under the same company have one for 10k dollars as well, thats not going to be easy to pull off.

 Easiest way right now is branding, if you keep doing branding and get your name out there, then you will be able to charge anything you want depending on your reputation. Apple literally made a killing with this. They have the same tech as some other computers, and charge more, or have some phones and charge more. You may not be that big, but a plain white shirt could be sold for 50 bucks in some brands and thats what you need to focus on if you want everyone to like you, rich or poor.

 I prefer to deal with zero though, zero costs, zero spending from customers. Make the users your product. Look at facebook, instagram, tiktok, youtube, and a billion others. Make a free product, and the bigger user number you get, the more money you will be able to charge for marketing or anything else.

The target audience or customers of course have to think about the economic level in an area as well. If you really want to reach all the products, you have to be at a price that is not too cheap or not too expensive. So that the rich and poor will be able to enjoy it. This will also affect the development of the business that is being pioneered. Also pay attention to the quality of the product even though the price is still relatively cheap.

For a business then you would typically be minding on what specific market you are tending to dive in.Its true that there are business which are solely focused for rich people but to know that not all the

time you would really be making out sales or something in particular in talks about profits unlike into those low to average type kind of affordability on where everyone could touch on then
it is likely to sustain out but everything would really vary on the  demand because not all will really succeed when you do tend to built up a business.

Profitability is the income generated from the operation of a business, as a business man or woman it doesn't really mean if customers are rich or poor, what matters most is when all requirements of your business are  met by them  in paying for the services demanded from them to you both of you are doing each other favor.
As per my own choice,  so far  I wanted to improve my working capital I would rather preferred selling to both rich and poor.

Most people who have made money and promise to helping the poor ended not to be helping like they make the promise. Promise is different from the realistic plan and action to achieve it. This your business model is very good but the experience that the poor are getting nothing from the promise at the end of it, is the problem.

Before Covid or 2 years ago I worked in the office and while selling fruit that my wife did, my experience selling fruit is a very risky thing because a lot of fruit will rot if it is not sold, this is what makes me give a high price to cover losses if rotten fruit, and the profit model of fruit is constantly improving.

It is a real thing and we already have it today, not only today but it did already existed before, I am talking about malls. On the malls there are rich people inside it and they can buy those expensive items like apple products for example. On the malls again, there are also poor people that shopping on them, they usually eat or do groceries.

There are different kinds of food stalls inside a mall and most are very affordable for the poor but there have only one grocery store in them though the items that they sell are not all expensive. In your case, it looks like you want be rich first before you will help the poor? That's fine and that usually happens. Many rich are ones poor and they help the poor because they know hard their life is.

If the first idea is a real thing, I think we'd have it by now, I think that I will choose the second one because if I am being honest, I am sure that I will become greedy when I taste large profit and I know that I can make more money without caring for other people but if I have my good side. How about I propose another model in which I profit mostly in the early stages and then eventually move to making sure the poor gets more benefit, for me it's a win-win.

This idea of poor people is the not the best for business to consider, if you have a product to increase efficency of the customer in some way you will profit and customers will find a way to afford your item.  A farmer can be a pauper in the wrong harvest or the richest man in town in high demand.   Think of it in terms of revenue, anyone who wants to truly have a successful product must engage an entire country, then you have all sorts of benefits from that popularity.
   What tends to happen in a modern economy is the product is first modelled to sell high premium to early adopters and later on achieves scales of economy benefits from mass production and efficiency makes the product available to all.   The ironic thing is the largest profits come from the most common sales to quite modest budgets in the majority of the population.

I would guess that one company could create two different products that cater them both. Like rich people and poor people all use facebook (maybe you think Jeff Bezos doesn't, but millionaires wives still do) or instagram, we see poor people and rich people there. Or a company that owns a lot of cows, they could sell cheap milk, or they could build almond milk or whatever or organic and so forth bla bla, and sell two different products.

One clothing company could create a basic shirt, and sell it to everyone for cheap, whereas they could create expensive coats and sell it to rich. All in all, there are methods where EVERYONE could buy from you. Biggest example has always been social media. Look at twitter, Elon Musk, worlds richest person tweets probably more than the poorest person in the world, and both help twitter earn money from the ads.

I would prefer a Business model that is going to make a profit all rounds and by this, I mean to profit from the poor and the rich. But generally, this can be mostly determined by the business you are into, there are some businesses mainly for the rich, some both and some poor.

I still can't get how you are thinking that developing some project can cater to both needs. These are two different groups differing in terms of income, standard of living, health conditions, employment, social status and so on. Catering to the rich might get you bigger profit per sale but lesser in frequency and opposite in poor.

Again there will always be a target audience for each project. But it would be difficult to market to both groups.

I am not saying it's impossible but seems unrealistic to me.

The best business profit model for me is selling to both the rich and the poor. Selling products that a needed both by the rich and poor gives more profit. Yes the rich gives you more profit per sale but we have more poor people. The world has an estimated number of 4 billion people. Offering products and services at low prices and margins can generate decent profits by selling enormous quantities of them than selling few to the rich.

This is a different type of model but this is mostly for the investments. Although business and investment are two different source of making money.
The actual strategy that you've mentioned are good factors to be considered by an aspiring investor that he should diversify his investments. And at the same time, going with some businesses should also be considered.

If you attend to cater to the needs of some problem, you have to focus on a specific target group and see how big that group might be to run the project.

It is practically wrong to run something that is used by both rich and poor, thinking completely from a businessperson perspective and not the cryptocurrency ideology.

The businesses that cater to rich usually have a big valuation and the average product price will not be fitting the poor. But here comes in the idea of varying the prices. Huge profits of short frequency become almost equal to small profit in high frequency in the long run. I think we are basically looking at similar sales here.

Why limit your audience to rich or "not rich" (poor sounds weird here) only? You sell products only for the rich, you will missing the profit opportunities from the rest. The opposite is also true. Don't you think it's better to sell for both group of peoples? More like a hybrid class business which will server everyone according to their needs. This way you will have more customer base, maxing out your profit. In other words, the more diverse your customer base is, the more efficiently your business will bring in profit. Don't forget there are more "not so rich people" than rich people.

1. Diversification of investment projects
2. Decisions that are not tied to any location. Those. "cloudy"
3. Mandatory profit taking with the conversion of 30% of the profit in fiat into a multi-currency set (dollar, euro, Swiss franc).
4. There was an idea to transfer about 10% into banking gold.
Such a distribution of investments and profits, as for me, allows you to play it safe from most of the risks.

What matters is the service you are providing to any of the classes.
Let's use the rich class as case A and poor class as case B
Case A is the types of people who expect to be treated like royalty, to be unique in everything they do, and to be the only one doing it. They will spend to get anything they want. It's simple to make a lot of money even if they don't require it.
Case B has limited resources, so not everyone will break their bag to grab something, instead, they will purchase when they have money and skip it when they don't.

Instead of picking one model, I'm going to go with a single model business for both classes, as creating something that they both desire and need at the same time is the best approach you'll enjoy.

Stability is something we should really focused on because this is on where we do really be having progress even though it might not be on fast pace but having that stable but gradual manner
could really make things possible.Even though it might be not similar to other businesses but you have able to attain on sustainability because not all business do ends up into this condition or
situation which you should be thankful whenever you do see that your business is really having this kind of situation.

usually, a business that gives big profits but occasionally is a business that requires large capital.  i prefer businesses that provide small but stable profits, so I don't have to be afraid and doubtful about the possibility of no customers.  i currently have a business that provides a small but stable profit, i am grateful for that.

At the end of the day that is what matters, while it is important to take into consideration the kind of client that we want to deal with, at the same time what makes a business a success or not is not that decision but how committed is the person behind the business to make it a success and how realistic is their view about their abilities so they can make this a reality, so if you have both of those things then there are great chances that you will eventually become successful with whatever business you decide to start.

medium-scale business that reaches all circles with the aim of profit will always come, but the basis of the market share of one business is seen from the environment in which we open a business and what products we sell do not have to be specific to sell something to certain circles

I would guess that something free but gathers users seems to be something that most people do. Facebook did not create that model but they became the kings of that. Plus, I like to see what people did to became rich, and I try to guess if I could have done something similar. Of course not become the richest person in the world, but just do what they do, just in much smaller scale.

Forbes shows Elon has the richest person in the world, could I build cars or rockets? I can't but considering his start came from paypal then maybe? Something like that, or just crypto payment processor like bitpay? Even that is a lot in tech related stuff but I could at least find someone to do it?

Second is Bernard Arnault, owner of Louis Vuitton, a luxury goods conglomerate, could I build luxury goods? I mean in a small scale? Sure. Jeff Bezos third? e-commerce website where people sell stuff, including amazon itself, so not really shockingly difficult.

Basically there are plenty of methods people get rich, even richest, and you just need to find a way to do it your way. It is NEVER about the idea or the method, it is about what you do and how you do it. A little bit cunning business, some luck, some parents with money and networks, and you are there.

I do prefer business which I can profit on an average daily basis and that concludes money comes from the poor. The rich are few which you need more money to invest as they much likely spend their money on luxury items, or party themselves so that means you need business, services and items that suits their needs like cars, branded clothes, establishments like coffee shop bars and the likes. Unlike the poor, they are many, which you could be having more consumers. You can start a small business which the products can be afforded by the mass. Living on and looking food for the table is their primary goal. Selling them foods and other products which they only need, me and my wife have a small business and services to offer in our town. We sell beauty products that are on demand and most of the consumers are the poor. We also offer services like printing documents, t-shirts, caps, mugs and all sorts of things related to it. It started small but it became big enough to cover our needs, aside from that little by little we have achieved our dreams. It may give you little profits but it is constant and the amount of audience is magnificent so we are contented with it. I hope you can fetch lessons with our experience in our humble business.

I come from a low-middle average citizen. So far, I think that I prefer to start my business from the low-middle one. Because I know more about this than higher average to be the subject of my business. Busines is about money, but we can also add more than only money. At least we really know what we are doing, the positive and also negative impact.
Business is a business, even this is for low, middle or high citizens.

Howveer, I ma not starting yet. If this is about crypto world, it doesn't matter who you are, right?

In business, your profit isn't accurate as always. You can have projection if you're like in a corporate level of business but if you're just the typical businessman, it varies and depends on your sales and season. Every businessman aims to have a lot of profits and they'll do everything for them to have it stable.

That needs a lot of effort for you to generate sales if your products are too expensive. But there's always the saying from the experienced businessmen, that if the value of what you sell is really expensive, cheap people won't buy it but only those that with a class and values what you offer.

Cubans have a saying that would translate to something like "that who lays down with skinny dogs will wake up with fleas".
I agree with it to a point. If I have to choose between providing high quality at a high cost, and providing inexpensive stuff at the expense of quality, I'd choose the former. But if I have to choose about running an elitist business and one with a much wider customer base, I'd definitely choose the latter, even if I get less income on a per customer basis. There are a lot of billionaires that followed that business model, from Jeff Bezos to Bill  Gates.
I guess my limit would be quality: I would be embarrassed to offer something like Microsoft Windows, and I would definitely not go to the lengths Facebook or Google go to squeeze every last penny out of their customers. 
I guess I'm old school, but I think the first commandment for a successful business should be to have your customers satisfied, no matter how rich or how many they are.

Overall, to start a business, we should have a sufficient amount of funds and a good management attitude that will make the business to prosper consistently. As long as both are present, even if we'll start with a small business, that does not mean that we'll only gain small profits too. The profits will be compounded that will end up with already a bigger profits. But of course, its still different if we start with a big time business because the profits will be a lot huge too. But its hard to manage a big business actually especially if you are still learning in it.

I choose both. I often see and compare businesses with small incomes and large incomes, in this matter there are two things that must be understood, First, this business class spice business has small economic value but is routine to collect, secondly, the car and heavy equipment business here is also very economic value, so I choose both and it depends on big and small.

If you are just starting then I think focusing on the rich, average and the poor people is the better business model than the other.

Lower capital but lower profit but I'd rather go on that route than investing a huge capital but there is no assurance that rich people will surely by with the products or services that you offer to them. Just see the huge companies right now. They focused on every people that want your product/services and that would be better than just picking a group of rich people to sell your products to them.

Well, if you will be successful with your business then you can think of another business that can focus more on the rich people but if you are just starting then focusing on all would be better even though the profit will be lower.

The capital that is available to start up a business will determine the kind of business that one will wish to go into. Even if enough money is available to start up business,  it is very important to start a business that won't look so complicated to manage , because everyone has  a specific kind of business that he/she can manage very well. The main thing is for one to know the kind of business that will be easy manage it.

A small-scale business that will cut across all classes of people and grow in time is preferable, the success of every business (big or small) depends solely on the management. if the business is properly managed it will produce the expected result,
Startups are usually difficult to manage in the beginning because there is a high competition of already similar businesses in the market, and business owners need to work hard to attract customers, it doesn't matter what type of model the business is.

To me basically, I prefer a venture that will attend to both the rich and the middle class as it will allow for maximum profits, but there is nothing bad with having different segments for different forks, I may have branches one for the rich and another for the average person(poor).

Just embrace the reality whether you do like it or not then there would be people who do take advantage when they are ahead in terms of finances.Business models could
really vary whether you do like it or not and they would built up whenever they do see that they do fit out and capable on doing so.There are lots of types and
models if you do really research off and it would really just vary nor depend on which one you would choose in doing so.

^ BTC or in crypto, in general, is for everyone whether you are poor or rich, status in life does not matter and this is what I believe.
Truly saying, I prefer the investment profit model that both the rich and poor can afford because it does not mean that if you are rich, you are the only ones who has the potential to make that particular investment grow, it is all about how much time and effort you have invested to create something bigger out of your business or let say, the amount that only you can afford.

I'll be honest, most business owners first look at the space where they can make money. If they see a niche in a poor market, they'll fill it. If the niche is in the poor market it's all the same for them. What counts is the projected revenue, not the people affected. Don't get me wrong, there's usually some ethics in play, but it's not the first thing you think about. You want to balance things out, make money but don't look like someone who profits from misery of others. Personally I'd prefer a business that brings profit while being good for society, but if the only business I could start would be the one that profits the rich, I'd go for it anyway and then maybe spend some of the profits on charity and find a way to ease my conscience.

There are indeed different business models which would neither be a big scale or small scale which do also needed whether a big capital or small capital which it would be understandable if you do deal of

with businesses which is expensive to start with then of course it would be just common sense that this do require sufficient and exact capital for you to start with but to mind off about profits then it would be also bigger.It would be always on equal ration and same goes into those business that do only require small amounts or not really that much expensive to start with.

Most of the time as a business you need to decide which is your target market, for example if you decide to manage a restaurant then you need to decide on what kind of food you will serve and the price you will charge, if the price is affordable then more people will choose your restaurant, but those with a lot of resources will probably like to go to a more expensive and exclusive place, and if you charge too much and the food is great then you could get wealthy customers, but now a lot of people cannot afford your prices.

I am not entirely sure if it is exactly that expensive as people imagine it is. My friends wife's friend built a clothing company, it is basically very oversize, like nearly all your body close to your feet winter coats, like that garbage bag looking ones, and they were selling it for 500$+ each.

It cost them like around 25$ or so to make them, and that was mainly because they were getting low orders made at the start, maybe it wasn't that expensive if you ordered like ten thousand of them, but that was the price at the first 100-200 orders. So, this dude managed to just design something, then talked with some manufacturers and then sold something for 500$ each, which could have made him double profit if he sold it for 50$.

It is not easy to convince rich people to spend their money on you, but it is easy to convince their wife's, ex-wife's, children and so forth to spend that rich persons money on your products, that is the people you have to try to get, not the rich people directly, or at least that is what he said.

I will choose to have a business with a small income but every day, because then I will be able to calculate how my business will run in the future. I can use some of the profit I get for investment and recalculate it. And this way it is much easier to make decisions in the future.

Business model for the rich as a target market will surely be expensive. I mean rich people loves spending too much on the things that gives them comfort, entertainment and convenience all at the same time. Now, If your risk appetite is huge enough to fund the kind of business model you want then go for it because once your business took off you'll be expecting huge profit than starting a business designed for the average people.

The middle class sector is indeed the best target for the business we will run. Because like you said if we target the lower class, then we have
to reduce the profit we generate, so that our products can be purchased. Then to sell products by targeting the upper class can indeed provide
a very large profit, but we also need big capital to make high quality products. Because rich people usually only want to buy good quality products,
so if we are beginners in the business world, it is best to focus on selling products to the middle class. And remember starting a business is not easy
and requires a long process, so never give up when we have difficulties. All problems always have a solution, never stop learning, especially
learning from failure is the most important thing to make our business stronger.

Let me express it differently, the majority of the earth's population fall within middle class. Thus, focusing on the rich would require further specifications to meet their demands, and since they are a microscopic minority, your customer base would be restricted.

Therefore, by emphasizing the average customer, we'd achieve a significantly larger audience, which would also require less effort and qualifications.

This kind of business model is relatively difficult to materialize, as most business target profit as their main goal in the process. If you were to target "poor people" as your main customers, this would sacrifice the potential of profit-making in the process as you would have to consider the factor of being achievable and purchasable at the same time.

If I were in your position, I would focus on targeting people on the middle class sector as my main consumers as they would have the means to purchase or acquire the product. From this kind of business model, I would most likely be available to the general public as the price would be attainable at the same time.

As far as I know, if you want to work on your way to the top you have to deal with the people from below which is the poor or the average people who can easily avail to your market. Please know that minorities are more than those who sits at the top which I mean is the people above average or those who'll be able to afford a luxurious lifestyle.

So if I would be to start, I would start with the small one which will bring more people and eventually will lead more people to promote my product which is my unique expertise until I gained enough trust and positive feedback from my clients and then make/invest more things that's luxurious only for rich people to make some acquaintances and also to know the biggest names in business industry.

Well, it really depends where you want to start though but you should know the risk of dealing projects/investment since not everyone could survive from it especially with the high risk, high return.

 Am I a weirdo or is the regular neighbourhood small shop deal looks fine only to me? I know that there is a good chance you could bankrupt with an idea like that, and I would never do that (nor would I probably ever have enough money for it) but I feel like if you have a corner shop in your own hood, like maybe 100-200 meters away from your house, something small, like I don't know a butcher, or a bakery, or grocery store, or barber whatever you know? Something like that usually has ups and downs like that, but usually ups most of the time. Like lets take a simple bakery for example, in that bakery you buy machines and dough and other stuff to make things, and then you sell it for a profit, but before you sell it for a profit, you made a loss by spending money, then you may or may not sell and make a profit, its a risk but I feel like its a cute and cool one.

a business that I always hope for every day with not much profit, but every day always profit, that's all.
but the fact is that every business always has ups and downs, not always profit. sometimes we have to arrange the right finances so that when we lose, there is a cover fund for the day when we experience a loss

Rich and the poor are linked to thinking, whatever people think, giving money will not change anything.

The more models are based on reducing the gap between the rich and the poor, the better than those that increase the difference between, but the differences are:

• people's education
• financial knowledge

Choose several people at random and give them a million dollars and after a year you will find that some of them are rich and some of them are poor.
All models give the stupid money person less gain or loss.

Then what would it be? Its the thing on where OP been asking on what kind of business model would it be on which rich and poor could able to deal with it or simply wont really be that mindful or depending about capital.We couldnt really able to  avoid to say that there are things which rich ones are the only ones on capable on maximizing certain factors which a poor cannot
which it would really be truly and advantage compared to another.

Marketing does play a big impact on someones business and as said even by others, it wouldnt matter on what it would be as long you are earning on gradual phase and sustainable
kind of business.

The thing is, the models still doesn't matter when we are talking about marketing, we need a big amount of marketing in every single possible model. The question was which model would you like to do, not what type of thing helps the business be great. I personally would prefer B2B subscription based models. That means you are selling some to companies that they pay each month and you could calculate your ins and outs based on that.

Does this mean I can't do marketing? Or I need to do more? Every single type of setup will require some marketing, the model doesn't change it. You could be "selling" users as well, like facebook or instagram or whatever, and that is basically the whole deal, marketing is required everywhere.

I would prefer a profitable business wherein both rich and poor people could afford it. If I will put up a business, I want to make sure that it would be affordable for everyone regardless of their social status as long as I'm getting a good profit from it. After all, the customers' financial status doesn't matter that much as long as I would have an effective marketing strategy.

The choice is quite obvious for me. I would personally choose the first one with rich as well as the poor.
This way I would be able to attract many eyes towards my business and it just won't depend on a few people.
In terms of crypto, it would be more decentralized to hold many small peers than to hold few big peers.
It might not yield as big profits as the second one but it sure would be safer and securing the capital is my primary goal.

As for me i will prefer both, one thing we must bear in mind is the fact that every personalty has its own quota contributed on someone's business and both the daily and occasional flow from the rich and poor are needed and i see building a credible customer service relationship is the key because either of the two may cease to flow but the other can be an alternative to cover up while everyone is embbeded with the chance and opportunity to go up or down, meaning the poor can one day be rich and the rich can turn poor within a blink of an eye.

It's an interesting question for somebody who thinks of starting a business. But, personally, I don't consider such question when I do business. While those who are less privileged will always have a special place in my heart and mind, I don't think I will do business with them as my primary consideration.

Having said that, my first consideration would be, how much profit would I be getting? That's regardless of whether it comes more often but in small amounts or in huge amounts but less often. If I were to choose between $10 daily or $100 weekly, I'd choose the latter. But if I were to choose between $20 daily and $100 weekly, I'd choose the former. But, of course, this is just one of many considerations.

Business success depends on marketing, you can seek to target segments of society, and you will succeed in your work. This is the golden rule of marketing!!!

Marketing is about reaching the people who are most likely to buy your product or service. If you create a marketing campaign aimed only at the wealthy, for example, but your product isn't something that wealthy people really care about, your campaign will fail miserably. If you market to the poor, but your product is unaffordable to most of them, again, you fail. The best marketing is one that reaches the people who care about your product or service the most.!!!!
There is a word for this kind of marketing: targeted marketing. There's an adage that says, "it's much easier to find a needle in a haystack than it is to find a needle in the haystack".

small profits but in large quantities it will get a big profit too. On the one hand, in business, I think the faster the velocity of money, I think it will be better, because growing the company's financial governance will be healthier. by taking small and measurable profits, this can reduce the selling price so that it is not burdensome for consumers, and can compete in the market

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.

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.

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.

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.

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.

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.

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.

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.

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 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.

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.

Wanna suppose to say the same thing on this kind of behavior which is really a very normal scenario or condition on which business couldnt really be always on good profits on which
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.

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.

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.

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.

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.

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.


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.

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.

The law of supply and demand is the ruler, but you look at the wrong part of supply and demand. What you are looking at is a small part of the whole market, and therefore it does not matter the amount of supply and demand inside the platform if it is possible to deposit and withdraw quickly.

For example, if the price rises in many platforms, the price will start to rise in other platforms because they have a future view of the price, and if the price does not rise, the demand will increase because the price of Bitcoin here is cheaper and it will be an opportunity to make some profit for trading between platforms.

Speed of updating orders, buying and selling orders and withdrawing from the platform will reduce manipulation.

It all depends on the person because any business knows neither rich nor poor, and as long as there is a will and a search for ways, you are sure to find a business that fits your circumstances.
because there are some of my friends whose condition can be said to be poor and are currently not poor anymore since becoming a courier or any delivery service which in my opinion is a promising business during the pandemic so they can buy their own goods to sell and send to buyers with two advantages, namely the profit from goods and delivery services.

For me personally, a business that can run in the long term and can employ people around me. Regardless of the type or name of the business, in general, the business sector that is built must be in accordance with the strategy where we are and utilize the available resources to be continuously updated. Because of that, businesses using a prolonged method will be better at supporting daily needs, especially the people we employ. Especially when this pandemic has taken many people's jobs, I am very happy because it has opened jobs for them. Even though his monthly income is still below the Reginal Minimum Wage salary.

I think the food business industry is one of the most profitable businesses right now. I don't see a losing chance if we can manage this perfectly or at least. Yes, of course, this can't be easy work for the owners and it certainly needs focus and aggressiveness as this only be the way to help it succeed.

You've just be kidding mam...but I'd love to see how an instant can be in reality. But unfortunately not, that seems impossible in crypto and even in another business platform unless we run an illegal business.

More the customers then more the profits as well so its good to start the business which targets all kind of people from rich to poor and kids to adults.

Also it really depends on what kind of business, its not really get exposure with new start up of an existing business module.

Ideally, I like to make big money with less effort. Who doesn't? With that said, I prefer one time - big time kind of sales. The reality is different though. Selling luxuries and retail items to respective customers both require skills and effort. The main difference between the two is the capital - you can start a retail business selling items for cheap to a wide audience.

I'd probably go for both markets? I mean if it was possible, I'd go for both. It's a very niche market imo, though you'd probably have some issues with trying to serve a LOT of customers, but well if you're at the top of the chain, you'd hardly have any problems later on. Having a market for the rich requires you to be rich yourself, so it's going to be pretty hard to actually start it out if you aren't, well, rich. But if you are, both options are pretty plausible imo, though the rich market would probably be easier to set up your business in.

If I were to start my own business, it should be very consistent like it can sustain no matter if we are under pandemic, or the technology and adoption advancement (e.g., e-commerce, online shopping, etc.) and unsaturated in customers’ demands (e.g., video games, health and essential products, etc.).

Traditional businesses nowadays aren’t prepared for the pandemic, that’s why most of them got shut down or not lasting long because of government’s restrictions in containing the virus or just simply having more losses than revenue at this state.

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.

You should already be rich, to be able to afford rich customers.

A very quick example; Let's say you are a Rolex dealer. Obviously, your customers will be very rich people. But can everybody become a Rolex dealer? No.

Selling junk to small people is tiring af and you are not a robot. So if you have a choice, (sounds like you got one) then get them rich customers. Screw the broke street scums. The less you interact with people the better it is.

I prefer the business model that focuses on all customers and not only on the rich. Focusing only on a particular group of people has some drawbacks, like you always need to stay ahead of the market. If the rich people don't like your product anymore you are screwed, there is no real alternativ. As for other strategy it's much better, if the rich don't like it anymore you can still sell it to the poor and average people. Also why not just make two variants of the same type of product. You  could make one look more expensive and sell it to the rich and the other one to the poor. Same product, just two different marketing campaigns and two different prices.

It all depends on what you sell, and most importantly, Capital. what you sell determines who your customers will be, for example if you deal on gold wristwatches, your customers would definitely not be average people who can barely handle their daily needs, people who would patronize you would be individuals that are fairly very comfortable and somewhat rich. Then if for example you sell groceries, then your customers will cut across both the rich and the average cause it's an essential commodity that everyone needs.

Having said that, my point is, not everyone can afford to start a business that requires huge amount of capital, thus if you don't have that much capital, it's better to go for something that doesn't require too much money, but on the other hand will be sought-after by both the rich, average and the poor.

The second type of business (selling expensive items to the rich) tends to require a different kind of knowledge and sales pitch. It requires more salesmanship and higher quality goods, so it can be harder for someone starting out to achieve. It is much easier to start a business model where you can sell to anyone and covering a large range of prices, you can even pitch different grades of product as your budget allows. If there is ever a problem with your products and you've only targeted rich people, if that bad message spreads you could find it impossible to recover because you've priced yourself out of the market. It really depends on the product type you're selling though - a generic warehouse will find much easier business than a specialized suit company.

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.

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