The most successful project is one that has several factors in mind, such as a high profit margin that reaches nearly 100% of monthly costs. For example, if you spend $1,000, you'll get $2,000 (the $1,000 you spent plus the $1,000 net profit).
It's a project with a great future and is expected to develop and grow, not one that will disappear and whose demand will decline over time. It's important that competition is low or reasonable and that the market is not saturated.
To make it an easy project for everyone, it does not require specific qualifications, such as being an engineer or a chemist, nor does it require years of business or practical experience.
You can compare projects to ultimately determine which one is the most successful in your opinion. Otherwise, you can see below the most successful small-scale projects in the top 5 sectors (industrial, commercial, services, real estate, and import and export).
Note that we selected these projects after comparing the previously stated criteria for each project with many other projects from the same sector (we compared small industrial projects and selected the most successful ones, and so on in other sectors).
Best Successful Small Business in Top 5 Sectors
- Industrial Sector: Why a Plastic Bag Factory Project?
- Commercial Sector: Why a Vegetable Store Project?
- Service Sector: Why a Cleaning Company Project?
- The most successful real estate project: Why a small contracting company project?
- The Most Successful Import and Export Business: Why Import Livestock from Africa?
industrial sector
There are many industrial projects, most of which are highly profitable, but they face numerous obstacles. There is intense competition from local factories, as well as from importers, particularly from China, who are able to supply goods at the lowest prices.
There are also several major changes in the level of supply and demand, which led to the Industrial Revolution, the development of existing products, and the emergence of new products, which protects against the extinction of once-popular industries.
The cost factor is also taken into account. Most industrial projects, even small ones, cost a lot of money due to the need for numerous pieces of equipment and supplies.
After research and comparison, we found several industrial projects that could be considered outstanding. A small private project is a factory that manufactures plastic bags of all sizes.
Why plastic bag factory project?
- Plastic bags are in high demand by all businesses delivering products to customers. They are also required by all individuals, as they are relied upon for the transportation and storage of goods.
- The product is in high demand in the market and competition is limited.
- In terms of cost, the plastic factory project is a small project with a relatively high capital, but it has not yet left the framework of small enterprises. In terms of profits, this project can earn tens of thousands of dollars per month.
If you're interested in learning all the details, requirements, costs, and profits of this profitable small-scale industrial project, you should know that plastic bags are banned from import into some countries due to their negative and harmful impact on the environment and marine life.
Because they are not recycled, fish are affected and swallowed. However, these countries use alternatives to these bags, such as paper bags.
Commercial sector
The most popular small projects are commercial projects, because they are easy to establish and operate, profitable, and have lower costs compared to industrial projects.
Many small businesses generate reasonable and satisfactory returns for their owners compared to their capital. However, there are projects that can generate excellent profits, potentially several times higher than some other commercial ventures, despite being executed with roughly the same, or perhaps even lower, financial value.
Services sector
It's considered one of the most challenging projects from a marketing perspective. You're marketing an intangible product and trying to highlight its advantages to the customer. After comparing a group of small service projects based on profitability, demand, and future development, we found that the most successful small business currently in the services sector is a cleaning company.
Why a cleaning company project?
- Because cleaning services are in high demand these days in many Arab cities, especially larger ones. While this demand is no longer limited to wealthy families, there is now a strong demand from the middle class—that is, families where both husbands and wives work and the wife doesn't have the time to clean.
- In addition to high demand, there is ongoing demand. Customers may only use cleaning services once, but they require them on an ongoing basis, perhaps weekly or monthly. This is a very important advantage because it guarantees you permanent customers once you provide services that satisfy them.
- Marketing a cleaning company's services is not difficult due to the high demand for the services and their importance to a large number of people.
- If you choose a cleaning company project, it's important to be aware of all aspects. Here's a detailed description of a home cleaning company project.
The most successful project in the real estate sector
There are dozens of successful real estate projects worldwide, and real estate is considered one of the most important investment areas. However, the disadvantage of real estate projects is that they are expensive.
But since we are talking about small projects, not medium or large ones, we are forced to compare real estate projects so that their costs do not exceed the limits of small projects.
Through research based on specific criteria, we found that the best successful small project in the real estate sector is the project of establishing a small contracting company.
Why a small contracting company project?
- A small construction company can be set up for less than $50,000, which might be equivalent to the cost of an apartment or small house. However, this company can also build homes and buildings for a significant profit.
- Due to geographic expansion, demand is expected to increase in the future and for many years to come. Therefore, a contracting company project is a small investment opportunity to seize.
The best successful import and export project
Import and export projects are achieving unparalleled success. There are companies that appear small but generate millions in annual profits from their import and export operations. But what is the most successful import and export project? Is it importing from China? Or importing goods from Turkey? We are witnessing something else: importing live livestock from Africa.
Why do we import live cattle from Africa?
- From Africa, specifically from countries like Tanzania, Ethiopia, Djibouti, Kenya, and Sudan, you can buy a large lamb for just a chicken meal at a mid-range restaurant. For as little as $120, you can get a healthy cow. If you buy in bulk, you can collect even lower prices.
- In your home country, you can easily sell those live cattle to traders for more than double the cost. This means that importing livestock from Africa is a highly profitable business.
In this article, we've featured the most successful projects currently operating in five of the most important business sectors and areas. These projects were carefully selected after being compared with projects in their respective categories.
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