The 6 Most Successful and Highest-Income Businesses in the World

The 6 Most Successful and Highest-Income Businesses in the World

Successful businesses across the world have similar traits. Here is a list of the 6 businesses that are the most successful, highest-income businesses in the world.

Most of us dream of starting our own business and becoming our own boss, but few of us realize how difficult it really is to make your business successful enough to support you and your family financially. With so many startups failing within the first year, and only 1 in 3 businesses making it past 5 years, it’s clear that not all businesses are cut out to be the most successful and highest-income businesses in the world. But if you follow these steps, then you can give yourself the best chance at having the most successful and highest-earning business on the planet!

 

Beauty Products

They’re not just for girls. (Well, not all of them, anyway.) When it comes to grooming products, there are some that every man should have stashed away in his medicine cabinet. Here’s a list of our top 10 men’s grooming products that you’ll be hard-pressed to find at your local drugstore. They may not always be necessary, but when used correctly, they can make all of your grooming routines more efficient, effective, and even pleasurable!

That being said, there are certain products that every man should have, no matter how girly they may seem. The right grooming product can do wonders for your appearance—from making you look younger to making you feel more confident. And let’s face it: a little pampering never hurts anyone. Here are our top picks of men’s grooming products that every man should have.

 

Health and Fitness Apps

And if that data isn’t enough to convince you to exercise more, check out these fitness apps designed to keep your body fit. Whether you’re a runner or just trying to get off that couch, there’s an app for every level of exerciser, and they can keep you motivated while tracking your results.

A study from Northwestern University found that people who used fitness apps lost about 8 percent more weight than those who didn’t use them at all. There are also health-focused apps to help you monitor your blood pressure, manage stress levels, and stay on top of any medical issues you may have—all free!

 

Retail Stores

It shouldn’t be surprising that retail stores make up a major chunk of successful businesses in America. According to Forbes, half of all privately held companies are small businesses with fewer than 100 employees, so it makes sense that people who love interacting with customers (and like being their boss) tend to do well running retail stores. This is especially true for big-box stores, which require millions of dollars just to get off the ground.

Of course, a successful retail store is much more than just having great products. You also need to pay attention to your location and marketing, as these factors will play an enormous role in whether you succeed or fail. For example, opening a shop on your side of town might be bad for business if most of your customers come from the other side.

 

Cars & Real Estate

Cars and real estate are two of a handful of industries that give entrepreneurs room to go big—the bigger your business is, the more you can make. Both industries also tend to offer enough space for competition; even if you don’t see anyone else selling cars, or anyone else trying to flip houses near you, there’s likely still plenty of room for your service or product.

Buying a car for sale by owner (FSBO) is more common than you might think; there are hundreds of businesses that have been built around selling privately owned cars.

 

Makeup brands

Estee Lauder, L’Oreal, Clinique, and so many more are all worth billions of dollars. (Not to mention, makeup is one of the women’s favorite ways to indulge.) We love how makeup can be used for self-expression and is a serious case of retail therapy. What do you love about makeup? Do you think that those brands make enough profits to justify their high income? Would you pay more for products from companies that give back?

Whether you like them or not, makeup brands are among some of the most successful companies—and highest income-earners—in our world. According to Forbes magazine, Christian Dior is worth $10 billion alone! Its parent company, LVMH Mot Hennessy Louis Vuitton SA, had a 2016 revenue of $41.9 billion. That’s just one brand—but it goes to show how much people love their cosmetics.

 

Apps for Cell Phones

The global mobile app economy is worth a whopping $60 billion, according to Statista. This figure includes both purchases of apps and in-app advertising, with approximately 30% of that money coming from North America. Smartphone apps are becoming ever more popular, too. In January 2015, Apple announced that there were over 900,000 apps available for download on its App Store platform.

For a startup, that’s a staggering amount of potential competition. But there are still plenty of ways to get ahead of your competitors with cell phone apps. To start, you need to create an app that people want. It needs to be relevant, useful, and easy to use — three key factors for getting users to download your app, engage with it regularly, and recommend it to their friends.

 

Conclusion

There are certain grooming products that every man should have, no matter how girly they may seem. The right grooming product can do wonders for your appearance and make you feel more confident. Here are our top picks of men's grooming products we think you should have. People who love interacting with customers tend to do well running retail stores. This is especially true for big-box stores, which require millions of dollars just to get off the ground.

Cars and real estate are two industries where it's easy to start a successful retail store. Christian Dior is worth $10 billion and LVMH Mot Hennessy Louis Vuitton SA had a 2016 revenue of $41.9 billion. The global mobile app economy is worth a whopping $60 billion, according to Statista. Smartphone apps are becoming ever more popular, too.

Thomas Kshlerin

"But Mabel must have taken my place!" the pigeon exclaims. "What is the purpose of the small door?" I'll make an effort to express myself.