As the website of TheOofy.com, we have worked on some profitable industries for 2019 among which are real estate business, accounting and taxes, rental and leasing, and healthcare.
Rental and Leasing
With net profit margins of 16.4%, rental and leasing industry most certainly deserves its spot on the list of top profitable industries. People are still showcasing an increased interest in all sorts of rental and leasing services as these companies offer a high volume of products at low-cost services which is why their services are in increasing and stable demand.
“Real estate is a bubble” have almost become the most repeated phrase since the end of 2018 and 2019 with many analysts predicting that it is just a matter of time before the industry of housing pops.
While there are plenty of reasons to believe that real estate value will take a downward turn in the course of the next 18 months, we may not forget that real estate is still showing a stable demand as people will always seek to invest in property – after all, we all got to live somewhere. Real estate rentals also represent a profitable business, especially in the period when buying a property may not seem as a profitable decision.
Healthcare industry is one of those sectors that may never seize to exist as there will always be people seeking for medical help, medical products and practitioners, so whether it is about starting a business in healthcare or investing in health industry stocks, healthcare is definitely one of the top profitable industries.
IT products are experiencing increased demand in the course of the last 30 years, which is why IT has become one of the most profitable industries to start a business in or invest in.
Companies like Microsoft, IBM and Oracle are most certainly some of the industry’s top leaders thus making valuable stock investments, however, these giants may create a hard time for small and medium IT companies just starting out.
15 Most Profitable Industries
Here are the 15 most profitable industries in 2016, ranked by net profit margin:
Accounting, tax prep, bookkeeping, payroll services: 18.3%
Legal services: 17.4%
Lessors of real estate: 17.4%
Outpatient care centers: 15.9%
Offices of real estate agents and brokers: 14.8%
Offices of other health practitioners: 14.2%
Offices of dentists: 14.1%
Specialized design services: 12.8%
Automotive equipment rental and leasing: 12.5%
Activities related to real estate: 12.3%
Warehouse and storage: 11.6%
Offices of physicians: 11.5%
Nonmetallic mineral mining and quarrying: 11.2%
Medical and diagnostic laboratories: 11.1%
Other schools and instruction: 10.5%
And now for the least profitable industries:
Oil and gas extraction: -7.6%
Support activities for mining: 0.6%
Beverage manufacturing: 0.8%
Grocery and related product merchant wholesalers: 1.9%
Lawn and garden equipment and supplies stores: 2.0%
Miscellaneous durable goods merchant wholesalers: 2.3%
Petroleum and petroleum products merchant wholesalers: 2.4%
Grocery stores: 2.5%
Automobile dealers: 3.2%
Building material and supplies dealers: 3.2%
Continuing care retirement communities and assisted living facilities for the elderly: 3.3%
Other motor vehicle dealers: 3.3%
Home furnishings stores: 3.3%
Furniture stores: 3.4%
Beer, wine, and liquor stores: 3.4%
Note: The average for all industries was 7.7 percent, and the data excludes taxes but does include owner compensation in excess of market-rate salaries.
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