Which business profit model do you prefer?

[Rockstarguy]

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.

[1714493593]

1714493593

[1714493593]

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[LogitechMouse]

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.

[Frengki_cisco]

Please give reasons for your choice

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.

[Sanitough]

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.

Because apart from the capital that must be in the business, we also have to be able to master what we are going to do, because there is capital but poor management, the results will not be good on the other hand, when the management is good but there is no capital, it will not be too good either. this is still better because he can manage from small first.
even though the capital is small but when it is managed well enough, the results will be good and don't be in a hurry because everything has a process and is not instant

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.

[BernyJB]

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.

[tabas]

Normally,  no one would not like a business that fetches out lot of profits. But sometimes we can't really decide  how much profit we can get from  business due to the amount  of money we have.

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.

If I should have money to go into business I will go into a model of business that will fetch me lot of money and that will be also expensive.

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.

[Luqman]

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?

[kaya11]

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.

[dezoel]

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.

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.

[marilynmanson21]

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

[Silberman]

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.

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.

[macson]

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

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.

[Mahanton]

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

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.

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.

[Cookdata]

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

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.

[DrBeer]

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.

[adzino]

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.

[TheUltraElite]

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?

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.

[batang_bitcoin]

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.

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.

[Zlantann]

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.

[TheUltraElite]

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.

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.