5 business you can venture into and make money

Business is an economic institution organised and operated to provide goods and services to the society at large with a view of profiting.

What is the main aim of a business? To make profits.

There are many businesses one can plan to venture into but not many are more lucrative.

Launching a business may take time as reaching out to your Customers/consumers/Audiences won't be easy but with time you would see your business grow.

You can launch a small business to supplement your income or become your own full-time boss.

Here in this article i want to share with you 5 lucrative business you can venture into and would give mouth watering profits.

Also note, it takes money to get more money, so definatly you would need little capital.

Now let's get started with these lists:

• Real Estate :

Yes, real estate is a business that can be very lucrative. Real estate is a really competitive field for you to know how lucreative it is.

It requires proper planning and if done success is sure.

Now what is real estate?

Real estate is a property that consists of a land and any permanent structures like a home or any buildings on it, along with it's natural resources such as minerals, crop, water.

Now, you knowing the meaning of real estate let's go further.

Getting into real estates has a lot to offer. It has an average net profit margin of 17.4% for leasing and 14.8% in sales.

You as a real estate broker you would act as an intermediary between sellers and buyers. Getting deals done between you and your clients would get you a commission(Depending on the price of the property you intend dealing with).

As a broker, you will earn a percentage of the agents commissions as well as desk fees or advertisment money from the agents.

Mouth watering right? You can also acquire your broker license and establish a brokerage firm.

• Website Design:

Another business you can venture into is website design.

Website design is a very lucrative business. If you know more about tech then this is for you.

The stunning part about website design is that you can run it from home and it is also a low cost business idea. You can make millions if you are good in the business.

As a website designer you can make money working for a design Agency, Freelance web design, sell themes or templates, sell stock, graphics and files or better still start your own Agency.

• Graphics design service:

Graphics design is another business worth considering as it is lucrative.

This job deals with creativity, how well creative are you. If you have the right tools, skills and the knowledge to use them.

You need little capital to start as a graphics designer.

Demand for logo and graphics designers is high, but the competitions are also much, that why you must be highly creative.

Once you are good, getting clients won't be an issue. You can also get client through freelancing or getting local businesses or individuals to offer your services.

• Catering services:

Yes, catering is one of the business you should consider.

Going into catering service is really wide as parties are always done every weekend, companies needs small chops for their meetings and many more. Catering services can be really wide and if you are good at what you do, you would make money.

Customers are willimg to pay well for catering if you maintain a high standard in your food and customer services.

• Blogging :

Anyone with an internet connection can start blogging.

Blogging is a website type that provides immediate, information on current events, personal opinions and news.

Blogging can be highly profitable if you are consistent. You write eye-catching topics that would attract audience to your website.

You can blog at home and make your money from home.

It might take time, but it is still profitable. You make your money through ads, sponsored posts, affiliate marketing.

A successful and established blogger can make around $45,000 per year. So if you are considering blogging it is worth it as it requires little or no amount to start.

Komolafe Peter Adedayo

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