Profitable Professions or Ventures

[JMJ Farms]

What are some opinions on profitable businesses or ventures in rural areas? I’m not talking about professions that require schooling and degrees. Mostly I’m asking about passive income, investments, such as rental property. Already have some of that. Wanting to diversify more. Naturally, recession proof as possible would be good. As is mainly cash income. I know as well that there are many variables. Just looking for suggestions and opinions. Should be an interesting discussion at least.

FWIW, a locksmith could make a fortune on CT :hide: :lol2:

 

[bball]

Michael, i have a nice little side business spamming rural oriented websites with porn links.

 

[callmefence]

What are some opinions on profitable businesses or ventures in rural areas? I’m not talking about professions that require schooling and degrees. Mostly I’m asking about passive income, investments, such as rental property. Already have some of that. Wanting to diversify more. Naturally, recession proof as possible would be good. As is mainly cash income. I know as well that there are many variables. Just looking for suggestions and opinions. Should be an interesting discussion at least.

FWIW, a locksmith could make a fortune on CT :hide: :lol2:

So jj in my experience you want to find something that fits in with what you already do. Same equipment, same employees, etc. Etc.
I get into more pastures than fireants. Land improvement and land/lease management came easy. But if I was a betting man I'd bet your already there.
Firewood has been a pleasant surprise.
We cut down lots of trees. So I started processing and selling some. Wasn't so great by the cord. But when we started wrapping it in the little bundles and stocking the local gas stations. It's became pretty good. We get three times out of a cord of wood.
Look for something you either already do yourself. Or you have to travel far enough you might be better off doing youself....for example.. I have to drive 50 miles round-trip and pay way to much to get a hydraulic line built..... :idea:

 

[ohiosteve]

Concrete. If you can get an older guy who knows what he is doing and a few strong backs who don't mind hustling, around here there is plenty of work. Some of the crews I've seen in the bigger cities are doing pretty poor work but it's all the contractors can find. I wish I had realized this 15 years ago.

 

[ddd75]

dollar store, gas station / quick stop, fast food.

 

[callmefence]

dollar store, gas station / quick stop, fast food.

I Know your a self-made millonare but
A franchise?? Why not get a job as manager. Make the same money with no risk.

 

[JMJ Farms]

Michael, i have a nice little side business spamming rural oriented websites with porn links.

I knew it was you all along Brad :lol2:

 

[ddd75]

dollar store, gas station / quick stop, fast food.

I Know your a self-made millonare but
A franchise?? Why not get a job as manager. Make the same money with no risk.

1. you have a self prepared investment, literally turn key with a franchise.

2. a job as a manger requires you to be there everyday, or near it. all day long. I don't know about you, but my entire goal is to NOT work for my money, but let it work for me. ;)

3. A dollar stores average return equals around a 20%+ return.

4. In rural settings most places are not going to create enough traffic other then these type of places to be sustainable.

5. Thats why.

 

[JMJ Farms]

What are some opinions on profitable businesses or ventures in rural areas? I’m not talking about professions that require schooling and degrees. Mostly I’m asking about passive income, investments, such as rental property. Already have some of that. Wanting to diversify more. Naturally, recession proof as possible would be good. As is mainly cash income. I know as well that there are many variables. Just looking for suggestions and opinions. Should be an interesting discussion at least.

FWIW, a locksmith could make a fortune on CT :hide: :lol2:

So jj in my experience you want to find something that fits in with what you already do. Same equipment, same employees, etc. Etc.
I get into more pastures than fireants. Land improvement and land/lease management came easy. But if I was a betting man I'd bet your already there.
Firewood has been a pleasant surprise.
We cut down lots of trees. So I started processing and selling some. Wasn't so great by the cord. But when we started wrapping it in the little bundles and stocking the local gas stations. It's became pretty good. We get three times out of a cord of wood.
Look for something you either already do yourself. Or you have to travel far enough you might be better off doing youself....for example.. I have to drive 50 miles round-trip and pay way to much to get a hydraulic line built..... :idea:

I appreciate the advice Fence. I think you’re exactly right and I will comment more once I do a little more in depth thinking on your suggestion. I know that your suggestions are spot on bc it’s always better to diversify what you already have rather than try to get into something you know nothing about. Will be in touch with any updates. Thanks.

 

[JMJ Farms]

Concrete. If you can get an older guy who knows what he is doing and a few strong backs who don't mind hustling, around here there is plenty of work. Some of the crews I've seen in the bigger cities are doing pretty poor work but it's all the contractors can find. I wish I had realized this 15 years ago.

Concrete is good Steve. Limited in my immediate area. But good where the population is bigger. I know some who have done exceptionally well. But I still have kids at home so I’ve got to stay kinda local. I have recently started doing more roofing work in addition to my regular construction business. Not getting rich but it helps.

 

[JMJ Farms]

dollar store, gas station / quick stop, fast food.

I know some who have done well with franchises. But it’s not exactly in my area of expertise. I’ve looked at several in the past. Haven’t ruled them out. I’d like to have a Huddle House. Folks here love them.

 

[callmefence]

dollar store, gas station / quick stop, fast food.

I Know your a self-made millonare but
A franchise?? Why not get a job as manager. Make the same money with no risk.

1. you have a self prepared investment, literally turn key with a franchise.

2. a job as a manger requires you to be there everyday, or near it. all day long. I don't know about you, but my entire goal is to NOT work for my money, but let it work for me. ;)

3. A dollar stores average return equals around a 20%+ return.

4. In rural settings most places are not going to create enough traffic other then these type of places to be sustainable.

5. Thats why.

Good answer.....and good luck not doing any work lol.

 

[Son of Butch]

I hear meth labs are popular in rural areas.

 

[ALACOWMAN]

dollar store, gas station / quick stop, fast food.

I know some who have done well with franchises. But it’s not exactly in my area of expertise. I’ve looked at several in the past. Haven’t ruled them out. I’d like to have a Huddle House. Folks here love them.

a lot of coffee drinkers..

 

[pricefarm]

I have a couple rental houses that does well. I try and buy one every 2 years. I have a cousin that flips houses that makes good money. I would like to find something on the side that doesn't require a lot of investment that would make a few extra dollars per week.

 

[sstterry]

I have a couple rental houses that does well. I try and buy one every 2 years. I have a cousin that flips houses that makes good money. I would like to find something on the side that doesn't require a lot of investment that would make a few extra dollars per week.

This can be good, but if the economy turns south, it can be a liability. I have had more than one client that went bankrupt in the Real Estate Mkt.

 

[pricefarm]

I have a couple rental houses that does well. I try and buy one every 2 years. I have a cousin that flips houses that makes good money. I would like to find something on the side that doesn't require a lot of investment that would make a few extra dollars per week.

This can be good, but if the economy turns south, it can be a liability. I have had more than one client that went bankrupt in the Real Estate Mkt.

People has to live somewhere. The only way to go Bankrupt is to owe to much money that you can't pay back. That's why I only buy every couple years.

 

[snoopdog]

Vending machines, car washes, laundromats, no paper trail, all cash.

 

[greybeard]

A brothel.
you may have to operate it by hand till you can get some employees tho.

:hide:

 

[JMJ Farms]

A brothel.
you may have to operate it by hand till you can get some employees tho.

:hide:

Would have to be one of the most profitable business one could own. Be real close to having a money printing machine. But there’s two hindering factors.

1) Legalities and red tape
2) I ain’t operating it with my hands :lol2: