Niches with high profit margins?

10 replies
I'm looking to expand my offline business into other niches. In addition to attorneys, doctors, remodelers, etc -- what are some other niches with high profit margins (over 50%)? Thanks!
#high #margins #niches #profit
  • Profile picture of the author James Foster
    Chiropractors, Electricians, Painters .... Most "professionals" do pretty well.
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  • Profile picture of the author Jacer
    Think of everyone who's main product is them selling their time...
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  • Profile picture of the author jsherloc
    I agree with Jacer's advice.

    Massage Therapists/Spa Owners can be quite profitable, especially in certain areas of the U.S. it seems.

    Brokers/Realtors (don't forget the commercial side of things here, follow the $$$)

    Event/Wedding Planners

    Plastic Surgeons (probably benefit more from SEO than a general/specialist doctor that gets the majority of their work from referrals.)

    Personal Trainers

    I'll keep'em coming....

    - Jim
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    • Profile picture of the author AfteraDream
      Originally Posted by jsherloc View Post

      I agree with Jacer's advice.

      Massage Therapists/Spa Owners can be quite profitable, especially in certain areas of the U.S. it seems.

      Brokers/Realtors (don't forget the commercial side of things here, follow the $$$)

      Event/Wedding Planners

      Plastic Surgeons (probably benefit more from SEO than a general/specialist doctor that gets the majority of their work from referrals.)

      Personal Trainers

      I'll keep'em coming....

      - Jim
      Disagree on personal training..you can get 20-30 bucks a lead from average trainer probably.. but you can get 200 from dentist for a lead or even more for plastic surgeon for boob job client..
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      • Profile picture of the author jsherloc
        Originally Posted by AfteraDream View Post

        Disagree on personal training..you can get 20-30 bucks a lead from average trainer probably.. but you can get 200 from dentist for a lead or even more for plastic surgeon for boob job client..
        True, but all the good ones were aleady mentioned.

        But in all seriousness, my cousin in New York City told me that personal trainers make an absolute KILLING out there, and in other large cities. And it is is extremely competitive advertising-wise. I'd bet in large areas you'd get $50+. So i guess some occupations it is really going to depend on your location and the overall competition/what the businesses are spending on advertising.

        - Jim
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        • Profile picture of the author AfteraDream
          Originally Posted by jsherloc View Post

          True, but all the good ones were aleady mentioned.

          But in all seriousness, my cousin in New York City told me that personal trainers make an absolute KILLING out there, and in other large cities. And it is is extremely competitive advertising-wise. I'd bet in large areas you'd get $50+. So i guess some occupations it is really going to depend on your location and the overall competition/what the businesses are spending on advertising.

          - Jim
          Depends on the trainer...elite trainer coaching for 200 bucks a session can pay that much..but not average one.. they get 60-80 bucks a session.. do the math..

          On the other hand, you can charge recurring fee, for repeat customers..

          I think guy named Justin Goff made a great post about this. Search him and you should find it.. It's explained better there and in detail!
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  • Profile picture of the author Mr.S
    orthodontist, plastic surgeons
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  • Profile picture of the author Matt Lee
    Great Thread! I'd like to add a few from my list: Jewelers, Local photography studios, videographers & production companies.
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  • Profile picture of the author toplinepub
    auto dealers, both new and used...
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