Many industries have entered the micro-profit era. This is the main problem faced by many industry operators. So which industries will be profitable in the future? We believe that the following industries are likely to become profitable in the future.
What are the characteristics of profitable industries
1. Low or opaque market information
At present, operators in many industries believe that profits are getting lower. The main reason for this is the high market transparency of the products being operated. Mainly due to the development of Internet technologies and tools, consumers have access to more detailed information related to products, especially prices. This makes it difficult for operators to obtain "price differences" for their products. Such price differences are in fact caused by bad information.
Therefore, in the profitable industries of the future, transparency in the industry, and to a lesser extent in the product, must be realized first. Many of these industries are what we consider "partial" industries. That is, industries that are less exposed.
2. Industrial products that are patented or different
Currently, many industries are perceived to be becoming less profitable. Another major reason for this is the increasing convergence of products on the market. With more products on the market that are highly homogeneous, competition will become more intense. The most prominent manifestation of this is that the industry is like a price war, competing for price and cost of goods sold.
Therefore, it is necessary to avoid competition in the market with homogenized products in the future profitable industry. There must be some degree of differentiation in the products one operates. However, it is difficult to obtain differentiated products because there are more businessmen in the market with strong imitation ability. This necessitates one's own products, which are patented. There must be patent protection. Only then can we be competitive in the market and achieve the goal of huge profits.
3. Operator operating costs are lower
Many industries are becoming less profitable. This is mainly because of higher operating costs. Despite the high gross margins of the products, even though it is a hugely profitable industry, the high operating costs will result in lower net profits for the whole business. This cannot be called a profitable industry.
In the future, therefore, industries with profitable products will also need to consider operating costs. It can only be called a truly profitable industry if the product has a higher gross margin and lower operating costs.
4. Characteristics of a monopoly industry
Monopoly industries are basically state-owned enterprises, not industries that can be operated by ordinary operators. Only a few industries require special approval.
In the future, the following profitable industries will emerge
Based on the three characteristics of the profitable industries that we analyzed in the first part of the analysis, the following types of industries will become profitable industries in the future:
1. Collecting industries that deal with decorative items for home or office, curiosities, paintings and calligraphies, and tea sets
In the future In particular, certain company offices need decorative items. These items mainly refer to some strange stones from different places, as well as some celebrities' calligraphy and paintings, and some tea sets. These products are relatively scarce in the market at present, and the information about the products we have analyzed is not transparent and there are no clear pricing criteria. Therefore, it is a lucrative industry.
At the same time, such products emphasize the purchase of products from the place of origin, so the transparency of product information is low.
2. Selling preventive, therapeutic and youth myopia glasses with product patents
With the popularity of cell phones, myopia is on the rise among young people. This is a problem that many parents are more worried about. Currently on the market, myopia industrial products have relatively high prices, and are also products with high profits. However, with the research on myopia in youngsters, some patented organizations have produced myopia glasses with better preventive and curative effects. Because it owns its own patents, it has the right to price its own products. The price of this product is very high and once this product enters the market, it is a profitable industry. This has the characteristics of differentiation and patentability that we have analyzed.
3. Related industries in the funeral industry chain
Related industries in the funeral industry chain are profiteering industries, mainly referring to what we call "part" of the industry. That is to say, there are fewer businesses on the market. For example, some fun ceremonial supplies, tombstone sales and so on. Some are monopolies by nature. Only the department belonging to the state franchise can operate, but individuals can not operate. For example, the sale of cemeteries.
4. Medical equipment, home health care equipment, etc.
The sale of medical equipment has always been a lucrative business. It will continue to be a lucrative industry in the future. The main reason is that there are fewer operators, and this is a program that needs to be franchised. Also, many hospitals bid on purchases. There are also healthcare devices related to home use such as treadmills, massage chairs, etc. Some of the prices of such products are proprietary and are not transparent and are relatively expensive in the market. . In the future, such products will remain a lucrative industry.
5. Beauty and health services
Beauty and health industry will naturally be a lucrative industry in the future. Mainly from the point of view of operating costs, which are relatively low, and some stores do not require much traffic. Such industries operate under the category of technical services as well as sales. The main thing is to have some beauty skills and at the same time be able to manage the sale of beauty cosmetics. The prices of the products here are also high and it is a lucrative industry.
Summary:
We have analyzed the four main characteristics of the profiteering industry. Opaque product information, patented, low operating costs and monopoly. Industries with the above characteristics include: home or office decorations, stones, paintings, calligraphy, tea sets and other collection industries. It sells preventive, therapeutic and youth myopia glasses with product patents. Burial industry chain in the related industries. Home medical equipment health care equipment, etc. Beauty and health services industry.