If you always dreamed of starting a company, you have to be aware that the potential for profit is of paramount importance in making a decision about the industry that you want to pursue. This is why the research firm IBISWorld created for Inc. magazine a list of some of the most profitable ones:
1. Real-Time Traffic Information Provider
The foundation of this industry is to be found in more and better mobile connections, which basically permit us to check traffic anywhere and at any time. The average profits for this industry are estimated at around 18%.
2. Snack Food Production
This may sound surprising, but this industry allows for new businesses to sell snacks and produce new and less-traditional ones, and the profits are estimated at about 15%.
3. Internet Publishing and Broadcasting
The average profit in this industry raises to 24%, and potential business models include intellectual property licensing and selling user information to third parties.
4. Financial Data Service Provider
With an average profit of 21%, this industry specializes in real-time trading data, portfolio analytics, research, and reference data.
5. Telehealth Services
This industry based on connecting patients, caregivers, and health educators online, comes with an average profit of 17%, and it includes the possibility of real-time patient monitoring and videoconferencing.
6. HP and Payroll Software
The average profit of this industry is of 29%, and the possibilities include software which can be used in everything from recruiting to learning management and benefits.