“You can’t have a million-dollar dream with a minimum-wage work ethic.” – Stephen C. Hogan
Being wealthy and successful is something that we all aspire for, but accumulating wealth and achieving success is certainly not everybody’s cup of tea.
Many people mistakenly believe that saving enough will make them wealthy and prosperous and ignore the importance of investing their savings. Some of the richest people in the world simply invested in the right company at the right time.
5 Businesses Which Offer The Maximum ROI
- Real Estate
- Franchise Business
- Healthcare and Wellness
Investing in an existing business module is a tried and tested formula that has been there for a long time, and if you’re willing to venture into those pastures, here are five business ideas that are extremely beneficial and deliver a high ROI:
- Real Estate
As long as we need solid ground beneath our feet and a roof over our heads, the real estate business will never collapse. Real estate is a business venture that has stood the test of time and has been a fruitful business opportunity even when other markets witnessed great downfalls. From basic to luxurious, land and space is a commodity that will always be in demand and generate excellent results. It branches out in several fields like land acquisition and distribution, housing and office complexes construction, and buying and selling of plots and houses.
What’s more, the numbers speak for themselves. Since the margins are higher than most other industries, the scope for success based on a single project is also possible. The only limitation in this industry is how big can you think. If you have the necessary capital and resources, this industry could prove to be a major financial winner for you. It would be beneficial if you roped in a real estate agent or consultant in your business, as well.
- Franchise Business
How many times a day do we pass banners and billboards featuring reputed fashion brands? Why do we associate pizza with Domino’s and Pizza Hut? Or healthy sandwiches with a Subway franchise outlet? The answer is the overarching success of these huge brands that have become a part of our lives. What’s more, you can be a part of their success story as well.
Most successful B2C brands offer franchise business opportunities to investors and businessmen. Franchising, when done right, can turn out to be a highly profitable business venture for an individual. You do not have to concern yourself with establishing a reputation, nor do you have to worry about advertising your product. The only thing you have to do is select the right location, set up the business and oversee the day-to-day operations. You can venture into any of the niche fields like Food and Beverages Franchise, Retail Fashion Franchise, Grooming and Lifestyle, Sportswear, etc., and find an opportunity for you to explore.
Since the franchise business already has proven to be a success, the time taken to recover your investment and turn around a profit will be lower as compared to other industries. Naturally, like any business, there are risks involved, but they can be mitigated with the help of expert franchise consultants.
While it may be considered immoral to look at it from a business point of view, the fact of the matter is that India has the world’s largest population between the age group of 5 to 25 years (about 500 million). Naturally, they all need quality education, and the current infrastructure and resources are not enough. From schools to colleges and coaching centres, students and parents are eager to obtain a quality education, and that is where the privatization of education comes in.
Since nobody requires to be convinced of the importance of education, thus making the job of advertising your institute easier. What’s more, the advent of ed-tech solutions has made it possible to start an education business from the comfort of your home as well. You could conduct online lessons for learners from all over the world, without having to spend a bomb on the infrastructure.
- Healthcare and Wellness
Similar to education, healthcare and wellness industry has registered a significant boom in the last decade and is expected to grow further. With mortality rates down, life expectancy at an all-time low, and health consciousness on the rise, personal wellness is something that everyone is concerned about. Big hospital chains rake in substantial benefits every year, and so do wellness product brands. A case to consider is the success of Patanjali, successfully calling out Indian people back to Ayurvedic treatments and remedial products, from noodles to cosmetics. Another area where you can venture into this field is fitness and food. Established gymnasiums and wellness centres offering holistic health services have gained a significant following in the market. Sure, it is not very easy to establish a business in this industry if you aren’t aware of the ins-and-outs, but if you aren’t afraid to work hard, you can achieve massive success.
Hoteliers used to be among the wealthiest people in the 20th century, but it came with a cost. And that cost was borne by the customers, usually consisting of the elite of society. Even today, reputed hotel groups like stand testimony to the fact. That being said, opening up a new hotel chain might not be possible for everyone, but that is not the only way in which you can foray into the hospitality industry. With the advent of the digital age, we are now able to go almost everywhere without worrying about proper lodging, thanks to portals that allow instant booking and cancelling. But that is not the end of it; people with extra flats or apartments have signed up on portals like Airbnb. They have turned their extra space from a liability into an asset. With the right research and careful decision making, you could turn it into a very profitable business for yourself.
You’re only as big as you let yourself be. There is no dearth of profitable business opportunities that can earn you handsome profits and growth in the future. You need to keep the fundamentals of entrepreneurship in mind while you’re at it. You might end up hitting bang on target with your very first venture; but, it might also happen that your initial investment does not turn out to be a success. If you’re looking to start your own business, then do your homework right, thoroughly research the right opportunity, and be open to learning. You can try to minimise the risks of starting a new business by starting a franchise, or play a gamble on your strengths and start something from scratch. Either way, hard work, determination and innovation will help you succeed. To know more about franchise business opportunities with high ROI, get in touch with Frankart Global.