The most profitable business in Russia

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When it comes to setting up a business in Russia, this is intimidating for many. Excuses with a hint of corruption, bureaucracy and excessive state influence on entrepreneurs are very much in vogue. Entrepreneurs who have created successful businesses, on the contrary, call Russia, Moscow, St. Petersburg the best place to start a business. If many people managed to create a business in Russia, it means that doing their own business is justified and profitable!

What business areas are relevant in Russia today?

Consider business ideas that will help both experienced and novice entrepreneurs realize their potential.

Service business

Business in the service sector captivates with its simplicity.

In Moscow alone, there are more than a thousand different businesses that provide services rather than sell goods.

• Salon . This is not a new, standard business that does not require any special sophistication. People always need to cut their hair. To open your own barbershop, you will need a room, several employees and inexpensive equipment. A hairdressing salon is a very profitable business, as it does not require the purchase of expensive equipment and high salaries for staff.
• Beauty saloon . If a person, and especially a woman, came to you in order to preen, then it is foolish to let her go without offering additional services. And on additional services you can earn much more. A haircut is ordered every couple of months, but nails, eyebrows, eyelashes have to be done every week or at least twice a month. You should have noticed that Soviet-style barbershops are gradually disappearing, and numerous beauty salons are appearing in their place. This is a logical development of the service with the expansion of the range of services provided.
• Smartphone repair. Smartphones regularly break down - fall, glass breaks, operating system firmware is required. A smartphone repair service will be in high demand, especially if located at a crossroads or in a shopping mall. All you need is a point, a master and inexpensive equipment.
• Software Development. According to statistical studies, Russians believe that being a programmer is better than being an entrepreneur. What is the demand from the programmer? No tax audits, no bureaucracy, he sits at a computer, writes code and receives a salary of more than one hundred thousand rubles. That's right, but such high salaries are formed due to the fact that development customers pay ten times more. A small software development firm spends several million rubles on salaries and earns several tens of millions per month.

Home business

The dream of many is a profitable small home business.

A few ideas:

• At home, the production of some products is being established. These can be handmade products, weaving furniture from wicker, making slippers from linen, or making homemade cakes. The main thing is to find a market. It is worth doing advertising yourself, social networks are perfect for this, another option is to conclude an agreement with the nearest store or outlet.
• It is not necessary to produce a product, the alternative is to provide a service. A few decades ago it was difficult to imagine how to earn some money while sitting at home. It was only the lot of composers and writers. Many Russians are into copywriting, video editing, making videos for YouTube channels, and earn much more than they could earn in “real” life.
• Your apartment can be converted into an office and provide makeup, massage or stylist services. For example, to work as a massage therapist, you will need to purchase a massage table and inexpensive oil for five thousand rubles. A half-hour massage session in Moscow brings more than a thousand rubles. This business is good because every modern resident needs a massage. Clients are both in social networks and among neighbors, just place an ad at the entrance to the entrance.

Internet business

Such is the peculiarity of a Russian person that he is not very attracted to a business at home, which involves the production of goods. I want to work on the Internet - look at the monitor, press the keys on the keyboard, move the mouse and earn income.

Well, that's also possible. A few ideas for a person who does not have any skills and cannot boast of higher education in the IT field:

• Vkontakte community- excellent business. It is enough to choose a certain niche, for example, the psychology of interpersonal relationships, and publish updates regularly. It turns out to earn up to one hundred thousand rubles a month, and more. Complete anonymity is allowed: no one will know who the group belongs to and who earns on it. The situation is similar with other social networks, but Facebook is not so popular in our country.
• YouTube channel. It would seem that it is so difficult to film your life on a video camera or smartphone and regularly upload these videos to the Internet? There is nothing complicated, and the numbers that students and even schoolchildren earn are simply amazing. The YouTube channel is obviously a profitable business. It does not require any investment, and attracts an audience to you for free. If you create a channel in a commercial niche, you can monetize the audience by selling trainings to your subscribers or advertising products from the affiliate network for which you will receive royalties.
• Online store. Be that as it may, the biggest money is earned on the Internet through sales. Entrepreneurs make money on the banal resale of Chinese goods purchased from wholesalers. Purchasing platforms are most often Aliexpress or Alibaba. It is easy to find anything on these sites. The margin on trinkets can be hundreds of percent.

The most demanded business in Russia

Starting your next online store or opening a grocery store is a good idea, but it won't surprise anyone. It is good to create a business, focusing on demand, because compliance with this principle guarantees demand, and where there is demand, there is money.

Russia traditionally lacks quality service. For example, travel agencies are a dime a dozen. They race to offer cheap tours to exotic countries, but the VIP tourism market is almost empty. In order to relax in the Maldives, customers have to book charter flights and use the services of foreign travel companies.

The situation is similar with car service. Not everyone wants to save money when replacing summer tires with winter ones. Many people care about the speed of service and quality.

Almost empty is the investment niche. The Russians do not know where to invest their money. While Americans are actively investing in the stock market, thereby supporting their economy, Russians are buying apartments, inflating the national residential real estate market.

The niche of investing in precious metals is practically empty. In India, China, Germany, the US, South Africa and other rich and poor countries, people are buying physical gold. It is almost impossible to do this in our country. If there are still tools for sale (Sberbank branches), then it is almost impossible to sell a metal ingot or a gold coin.

It is possible to fill this market, but, of course, active cooperation with government agencies will be required.

There are more than a thousand cities in our country. Most residents would like to go somewhere else, the alternative is to look at their provincial status from the other side.

• Farming can become a very profitable and profitable business, especially if you position yourself as a manufacturer of organic harmless products. This trend is popular in Western countries and is becoming more and more established with us every year, however, it is almost impossible to buy homemade eggs or farm dairy products. Many suburbanites who live in private homes and are engaged in agriculture are really like hot cakes. They are met even from trains!
• Breeding pets- a thoroughbred and highly profitable business that can be organized even in an ordinary city apartment. The offspring of some thoroughbred dogs costs hundreds of thousands of rubles. Just imagine: the puppy has not yet been born, and you already have an order for its sale. There is no need to even talk about profitability here, because the costs of organizing such a business are just animal feed.
• vending business. Have you noticed vending machines in retail chains, dropping a bill into which you can buy water, chips, a chocolate bar and other products? This is a vending machine. Such devices do not require expensive maintenance or protection (since they are located inside protected facilities). You also don’t have to spend money on advertising, because their very idea is to provide additional services to those who have already come to a particular institution in order to spend money.

Most cost effective

Before talking about profitability, it is necessary to understand the term. Profitability is commonly understood as the efficiency of using resources or money.

Options for profitable business in Russia:

• Thrift store. Difficult economic conditions do not allow millions of Russians to throw out used household appliances or used items in the trash, they would not mind selling them. Social networks or message boards are used. But not everyone has the skills of an advertiser in order to write an ad, and almost all message boards now require a fee for use. A thrift store is a great business that connects sellers of used equipment and used items and buyers.
• Selling healthy food to lovers of a healthy lifestyle. There is a trend in the world: more and more people are becoming vegetarians, vegans, such types of nutrition are gaining momentum that no one had heard of a decade ago, for example, a raw food diet. You can open the production of yeast-free bread, buy from farmers or resell homemade dairy products, organize a service for the delivery of drinking water. Demand for such services is still small, but businesses in this area are characterized by excessive customer attachment. If the buyer liked your flax seed bread, he will most likely become your regular customer, plus he will also bring friends.
• Pharmacy . Statistics show that the number of sick people in our country is increasing every day. A pharmacy is not only a profitable, but also a highly profitable business. You can open your outlet on a franchise basis and become a small unit of a large pharmaceutical family. An actual business in times of depreciation of the national currency may be the opening of a pharmacy of a low price range.

Franchise business: pros and cons

Entrepreneurs, especially beginners, are often frightened by a business plan and organizational issues. What can we say, the thought of the tax is shuddering! There is a way to avoid all these organizational issues - a franchise.

What is a franchise? Imagine you have opened your own private kindergarten. You have an author's program, children like it, parents are delighted. Time to open the second one. No sooner said than done. Then the third, fourth, and then in other cities. And then comes the moment when you realize that money is made by sharing your successful experience.

For this purpose, a franchise is being sold, that is, a ready-made business plan that calculates all operating costs, describes what kind of staff is needed, what are the associated costs, and so on.

Will such an offer be in demand if potential novice buyers are burning with the idea of ​​​​creating their own business, and a successful businessman appears in front of their eyes, not just selling another information product, but inviting them to become part of a large company?

The franchise is very popular in our country, but it has its pros and cons.

Franchise benefits:

• Market research, sociological surveys, deciding whether a business idea will work is the concern of other people. Already thought up, painted and offered on a plate.
• Lack of entrepreneurial experience is not a problem at all. If there is no official income, the bank will most likely refuse to provide a loan, but the franchisor (franchise seller) will come to the rescue and act as a guarantor.
• You can immediately see what profit you can count on, and what possible losses. Often, when starting a business, these values, although they are written in the business plan, have nothing to do with the numbers that you have to observe in your accounting statement.

Cons of a franchise:

• Entry threshold. A franchise is not a gift. No one will give you money to start. The first question a franchise seller will ask is whether you have start-up capital. No? Go, earn, collect.
• Part of the profits will have to be paid. Royalty is an integral part of any franchise. This is fair, but if two or three years have passed, doing everything yourself, it may be tempting to stop regular contributions to business strategy developers. It will not work: the contract obliges!
• You have to work. Many start-up entrepreneurs mistakenly believe that a franchise is an opportunity to successfully invest in an existing business project. This is far from the truth and does not intersect with classic investments that are used to generate passive income. Franchise involves hard entrepreneurial work, associated with risks, disadvantages and peculiarities.

Relevance, profitability, payback of a business are not the main characteristics that you should pay attention to when creating a business. The main thing is still your competence and how much you like and how much this or that idea lights you up.

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