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Starting a service business--not a product business would seem to offer the greatest chance of success: no manufacturing, materials, or shipping costs and if you can work from home to begin, much lower overhead and wider profit margin.
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Many command wider profit margins than their category averages.
Arbitron had $422 million in revenue last year, but, with $53 million in net income, had wider profit margins.
Heinz introduced products with wider profit margins, like green ketchup and StarKist tuna sold in pouches.
The company wanted to expand its beauty care line, which offers wider profit margins than products like diapers or snacks.
Wal-Mart has been gaining sales with its private-label household goods, which have wider profit margins than name-brand products.
Analysts say that they expect Audiovox (Nasdaq: VOXX) to produce steady sales growth over the next year, buoyed by wider profit margins than are possible with cellphones.
The Exxon Mobil Corporation and Conoco Inc. said today that first-quarter profits rose by more than half because of higher prices for natural gas and wider profit margins on sales of gasoline and other fuels.
Both companies have seen sharp increases in their sales to the government, and Foundry appears to have wider profit margins on its government sales than sales to private companies.
Nippon Mining increased its earnings forecast because of rising chemical and copper prices and the expectation of wider profit margins from sales of oil products in the three months ending in March.
A steeper yield curve translates into wider profit margins for lenders.
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