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What kind of business generates a 100% profit per year?

We have been developing few business strategies over the past 6 years to generate a 100% income, share your thoughts and let's see if there is a possibility of developing them.

14 Replies

Dane H. Madsen
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Dane H. Madsen Entrepreneur • Advisor
CEO, SVP Business Development | Domestic & International, Product Marketing | Open to new connections
Do you mean a 100% margin? None. Even scams and sin come with a cost. If you mean 100% growth, many, but usually in the early years where profits are thin and low to start.
Irwin Stein
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Irwin Stein Advisor
Very experienced (40 years) corporate,securities and real estate attorney.
Subscription based publishing. If you can attract subscribers to your website or podcast, you can generate 100% or more.
Ajay Saraswat
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Ajay Saraswat Entrepreneur
Founder Director at NXTGEN FUTURE - SCM & HOSPITALITY / Consultant at INTER INDIA GROUP
Margins in biz is directly related proportional to the risks undertaken. Higher the risk, higher the margin. However, the margins earned should be not only be decent enough for you to achieve growth but should also be fair enough to your customer to sustain. Certain biz like beauty & health; entertainment, MLM, Share trading etc do give 100% or more returns but how certain or till when you will earn, it is nobody sure of.....

Ahmed Al-Bayati
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Ahmed Al-Bayati Entrepreneur
Founder & CEO at SIGBANC LTD
We have a new product now that generates between 8% to 12% a year and the risk is 0.05% of the invested capital. what do you guys think of this one?
Andrea Raimondi
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Andrea Raimondi Entrepreneur
Computer Software Consultant and Contractor
Photographs.

And I mean, old ones.

The idea goes like this:

Suppose you go to a flea market and buy a box of 100 photos for $100.
That's $1 per photo, yeah? Great.

Now, suppose that you spend $10000 for your website.

If you sell each photo for $5, you have $500. That's 5% of the price of the
website. Obviously, you need to sell a lot of photos to plow back the money and then go into the black (naughty people: nobody noticed it said "red" here?), but here is the thing: selling them WILL NOT BE DIFFICULT. A well placed Google AdWords campaign, some FB advertising and you can probably sell 1000 photos per day.

The rest is profit.

Amos Addae
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Amos Addae Entrepreneur
Sales and Marketing Professional and Customer Service Agent
Interesting illustration you have created Andrea, but for how long will you continue to survive or sustain this profitability level? I'm sure that you will surely attract competitors who may sell this same product at a cheaper price, all this being equal, you may have to share your market with these competitors which may force you to reduce the price to stay competitive and in business.

But I know for sure that, no business will offer 100% profit and if even there exist they may not last for long.
Ahmed Al-Bayati
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Ahmed Al-Bayati Entrepreneur
Founder & CEO at SIGBANC LTD
Andrea... in theory it's great, but reality is different.
and as Amos said, it wouldn't last too long cuz that would attract many people that will compete with you, we have done a 100% profit per year but not anymore.
Andrea Raimondi
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Andrea Raimondi Entrepreneur
Computer Software Consultant and Contractor
Actually, you could sustain it for at least 10 years without batting an eyelid.
More if you also include the negatives.

Well, this is one of the things where I have A LOTof experience having worked in the industry, if you can call it that.

Even if hundreds of competitors get in the market, that's not a problem for 2 reasons:

1) You can acquire them (and therefore get access to their photos)
2) The number of actual photos around is massive
3) The risk with types of photos is non-existent because collectors are of all
kinds.

The only real issue is the categorization, let me show you an example:
imagine you have a photo of a panorama comprised of a tree in the foreground, a grassland with flowers, and a house in the back, yeah?
Great. That photo is that of a tree, but also that of a grassland. Then you can also say it's a photo of flowers, because they're visible in the picture.
Then it's also a photo of a house. D'oh! You see the problem there?
A tag cloud should solve that, but obviously you want to minimise the
roaming (even though collectors are used to it), so your website may be
helped by a local ranking per user of similar photos(FB released a machine learning library you can use for that). In other words, there are many ways to compete,
all you really need is a good idea of the industry, a decent website and time to scan the photos. However, you can minimise that by letting users upload the photos they want to sell. You have NO IDEA how much stuff there's out there.
However, for every investment you make, you quickly recoup and simply increase the profits :)

And, as I said, you can go on for years, because there's not just single photos, many families have very old albums that they don't value. Each album, on average, will contain 50 to 100 photos. There is just... there is just a mind boggling amount of money to be made.
And the stream really doesn't finish, because wives get mad, so you may end up acquiring (again) photos that you have already sold! LOL!
Obviously, you need to carefully target your price, but it can be done without a lot of hassle.
Andrea Raimondi
0
0
Andrea Raimondi Entrepreneur
Computer Software Consultant and Contractor
Ahmed, I respectfully disagree.
I worked in an association devoted to preserve photograps, a small one at that, and it had 3000 negatives. That means there are at least 3000 pictures out there just from those two authors that they were preserving.

The other interesting thing is this: new photos get old. While this may not seem much, consider that there are far less paper photos now than there were back in the good old days. Those "new" photos will in time become old and valuable to paper photo collectors. It can only really stop if there aren't any more collectors, that's the only potential revenue downer.
Amos Addae
1
0
Amos Addae Entrepreneur
Sales and Marketing Professional and Customer Service Agent
Well, I think you can call that experience. I have no idea about the industry you showed the illustration about so well if you've been able to operate and achieve 100% profit then it's a good thing. But in general, this may not apply to many industries. And to a very large extent, this idea may be highly impossible to replicate in other industry.
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