When we think about the most profitable industries in the world, we think about three things:
‚¨ú Makes money
‚¨ú Makes money fast
‚¨ú Plus, makes money fast, ONLINE
Anything that checks the above three boxes is a definite YES from us! And so, it all truly comes down to three different industries with fast, money-making potential: NFTs, retail, and the sneaker industry! But, although it sounds like a dream, it‚Äôs pretty challenging to be a part of all three. So, you have to choose the most profitable of them all.
But, which one should you choose?
Well, we‚Äôve gone on a quest to find the industry with the highest possible money behind it. A place where you can sit back and watch the cash pile up! And so, the determining factor of it all will be: long-term financial growth and stability.
Yes. You see, we don‚Äôt want to be making money today for it all to be gone tomorrow! We want to make money and KEEP making money till the day we die! Granted, with as little effort as humanly possible. So, this means our winning industry has to make you money fast, online, AND long-term with minimal effort‚Ä¶ Therefore, should you go virtual and invest your money in the non-fungible token market? Or, put your faith in retail therapy? OR, should you follow the path of thousands of sneakerheads and join the sneaker industry? Let‚Äôs find out!
Table of Contents
THE THREE MOST PROFITABLE INDUSTRIES
So, to make this breakdown and find the MOST profitable of all three most profitable industries, we‚Äôve created a system. We‚Äôre going to look at each industry on its own and see how it held up over the years. How much MONEY are people making from being part of this specific industry? What are the RISKS that come with it? And, how LONG could you keep making money out of it? In other words, which of the three industries has the most sustainable profit to keep you going 4LIFE!
‚áí SKIP TO THE GOOD PART ‚áź
First, one of the most profitable industries with a huge hype behind it is the NFT industry. NFTs are non-fungible tokens that have recently taken the world by storm! NFT history dates back to 2012 – 2013. However, the craze truly broke out near the Summer of 2021 with mainstream art and over-the-top sales.
It was the year for the most expensive NFT sales like Beeple‚Äôs “Everydays: The First 5,000 Days‚ÄĚ for $69.3M. Or, Pak‚Äôs ‚ÄúThe Merge‚ÄĚ – the most expensive NFT EVER – sold for $91.8M! But, does this make the NFTs the best out of the most profitable industries? Well, not really!¬†
You see, there are so many ways to make money with NFTs. This gives people a lot of options to choose from. However, the most popular form has to be buying and selling non-fungible tokens. So, for our research, we‚Äôre going to rely on and analyze data related to the NFT trade!
To find out if the NFT industry is the winner of the most profitable industries, we‚Äôll talk numbers! Starting with the market capitalization of the non-fungible token market over the years! For the case of a market like NFTs, the market cap is the sum of each NFT collection value. They take the larger value between the last traded price and the floor price of the collection.
According to data from nftgo.io‚Äôs market overview report, in July of 2021, the estimated market cap was at $1.15 BILLION. This is around the time the hype started to grow! The estimated current market cap for NFTs is around $24.51 BILLION. Huge collections like CryptoPunks, Bored Ape Yacht Club, and more contribute greatly to this huge market cap! Check the complete classifications for the percentages of the market cap according to the NFT collection below via NFTGO!
But, although this number seems astronomical, it is a LOT less than before. On March 17th, 2022, the total market cap for NFTs was $36.71 BILLION! All because of the most recent market crash mostly related to cryptocurrency. This brings us to our next analysis factor – volatility.¬†
We‚Äôre talking about how stable this industry will be in the long run. Every investment takes a little risk. But, some risks can hurt a whole more than others! You want to make money, not lose money!
So, although the market cap does make an appealing factor for the most profitable industries, it is NOT enough. One of the biggest reasons the NFT market is volatile is its direct relationship with cryptocurrency. After all, they do go hand in hand.¬†
Tons of technical aspects come with cryptocurrencies that we do not wanna get into gory details. The main thing you should know is that cryptocurrencies are built on decentralized blockchains. Other than that, you can read more about blockchains here) Also, the primary payment method for most NFTs in the market uses crypto currency! So, the value of an NFT is directly proportional to the value of cryptocurrency.
The leading cryptocurrency used for NFT trading is the Ethereum (ETH) token which is correlated to the Bitcoin (BTC). Therefore, the value of Ethereum relates to the value of Bitcoin ‚Äď alongside other factors like media, events, or politics. But, to further show the change in value for both cryptocurrencies, we have data from CoinGecko.
The graph represents the change in the price of BTC and ETH (in USD) over the years. This is between the span of 2012 – 2013 to our current day. So, according to the graph above, there‚Äôs one thing that stands out: the major PEAKS. However, after every gigantic peak came a super steep FALL. This ultimately means that it comes with huge losses to people in the crypto and NFT industries.
The market cap for Bitcoin is currently $468 Billion, with an all-time high price of $69,044 on November 10th, 2021. And for Ethereum, it‚Äôs at $227 Billion with an all-time high price of $4,878 on November 10th, 2021. On the same day, the same correlated high. The current price for Bitcoin and Ethereum at the time of writing is $24,691.78 and $1,914.96, respectively. That‚Äôs a 64.5% and %61.2% decrease, respectively, in 9 months for both currencies ‚Äď less than a year!¬†
The volatility of cryptocurrencies directly affects the total number of holders, traders, sellers, and buyers of non-fungible tokens. So, it also directly affects the chances of NFT being one of the most profitable industries!¬†
A lot of people often suffer from FUD or paper hands which often makes them ‚Äúpull out‚ÄĚ too fast. No pun intended. We‚Äôre talking about people who sell out of the NFT game or a collection at the first sign of trouble. According to NFTGO, the total number of holders, traders, buyers, and sellers in the NFT industry is VOL-A-TILE.¬† It also played a catalyst in the recent market decline!
But, there are many reasons that caused this change in the total number of NFT users. Things like bad publicity, scams, infamous NFT rug pulls, and more. BUT, the biggest reason we‚Äôve found is loss of interest. We‚Äôve taken it upon ourselves to check the interest change over time. So, according to Google Trend, we‚Äôve studied the percentage of interest worldwide for the terms ‚ÄúBuy NFTs‚ÄĚ and ‚ÄúSell NFTs.‚ÄĚ
It is no secret that people‚Äôs interest makes for one of the most profitable industries and businesses to join. You can‚Äôt make money from something no one cares about, right? True. And so, as you can see in the graph above, people‚Äôs interest in buying and selling NFTs has dwindled! It reached its peak in January of 2022, and it was downhill from there. Which, in all honesty, everyone expected!
If you still have faith in NFTs being THE BEST money-making, long-term investment, then we have to talk floor prices and funds! This is our final indicator for whether or not NFTs win!¬†
Finally, we‚Äôve got NFT floor prices and the required funds to become an investor. In short, let‚Äôs talk money. The NFT floor price is the minimum amount you can spend to own an NFT in a project. The term can get confusing, but you can read all about it in our guide. However, you should know that the floor price indicates people‚Äôs interest in a collection. It is also the minimum amount of funding you need to become an NFT holder in a specific collection!
So, to further support our hypothesis, we will look at three collections with the highest floor prices.¬† The following values are according to nftpricefloor.com for the top 3 collections with the highest floor prices.
TOP 3 COLLECTION FLOOR PRICES
Bored Ape Yacht Club
Highest Floor Price: ~ 150 ETH on May 1st, 2022
Current Floor Price: ~ 82 ETH at the time of writing
Percentage Change: Almost 45% decrease in four months
Highest Floor Price: ~ 84.5 ETH on July 18th, 2022
Current Floor Price: ~ 74.7 at the time of writing
Percentage Change: Almost 12% decrease in a month
Mutant Ape Yacht Club
Highest Floor Price: ~ 41.2 ETH on April 29th, 2022
Current Floor Price: ~ 14.9 ETH at the time of writing
Percentage Change: Almost %64 decrease in four months
So, if the floor price indicates the most profitable industries, it doesn‚Äôt look promising for NFTs. Especially since they dictate the minimum amount of funds, you need to invest. Of course, you can always go for more affordable options and still make an acceptable profit. But the critical markers for profit aren‚Äôt all here!¬†
Are NFTs the winning market of all the three most profitable industries in this research?
However, NFTs have a fantastic culture behind them, and people are definitely making money with them. But, for someone who isn‚Äôt truly about the art and all about the cash‚Ä¶ it ain‚Äôt it, fam! You need something more stable, with constant cash flow and MUCH less anxiety! So, let‚Äôs leave the NFTs for the people it was made for – artists, art connoisseurs, and the entire creative community!
If you‚Äôre still interested in learning more about NFTs and how to be a part of the industry, join our free hub! It has everything you could ever want to know about non-fungible tokens. And, it‚Äôs FREE! Click on the button below to join!
The following industry in line for the most profitable industries is the retail industry! Now the retail industry is a TITAN of an industry, even bigger than NFTs. This is mainly because there are many aspects to retail shopping and selling. The possibilities are endless! The retail industry is basically the industry of buying and selling a product online. And, in all honesty, you can purchase ANYTHING online.
To make the picture even clearer, we‚Äôre talking about eCommerce businesses and companies that sell goods and services. If we discuss the entire industry, we will go down a never-ending spiral. We‚Äôve got department stores, DIYs, electronics, specialty stores, convenience stores, independent stores, and so much more! And, with all that the world has been through with the pandemic, online shopping was THE way to go.
But, that also created a competitive, fast-paced nature to the industry that was once so docile. In the past two years, we‚Äôve all looked at the retail industry in a different light. And now, it is on our list of the most profitable industries in the world! However, when it comes to making money through the retail industry, there are two select options: GPUs and the PS5 gaming console. And these will be our aspects of research for the retail industry!
First, we‚Äôre going to start at the root of money-making for the retail industry ‚Äď the scarcity! If you didn‚Äôt know, people are in the business of reselling GPUs and PS5 consoles for a LOT more money! People were selling a $400 GPU for a THOUSAND dollars a piece! The same goes for reselling PS5 consoles. The amount of money that people have made in the past two years is absolutely insane! But, there are two reasons for that.
SCARCITY AND SEASONS
COVID-19 was the biggest perpetrator of scarcity, especially when it came to electronics. There was a massive shortage of basically everything. So many issues came to life, whether in manufacturing, shipping, or selling. Here are some of the top reasons for the scarcity of GPUs and PS5s in the last 2 years:
- Chip shortages
- High demand & low supply
- The trend of online shopping
- US tariffs
- Retail bots
This created scarcity and a need to buy GPUs and gaming consoles before anyone else. It also forced people to resort to resale platforms and pay 2 times, 3 times, or even 4 times more! This was one and arguably the best way to make money in the retail industry.
However, with the pandemic ebbing down and the world reopening, the scarcity angle won‚Äôt last long. It will become much more accessible to get your hands on a GPU or a gaming console from the retailers. Plus, people started focusing all their shopping efforts on the season ‚Äď aka, on the holidays, Black Friday, or Cyber Monday! So, the most profitable industries always have a sustainable income. This isn‚Äôt sustainable, nor is it long-term.
Also, the most profitable industries always have people talking and full of interest. In other words, if something‚Äôs hype and it makes money, people wanna know about it. So, just like the study on non-fungible tokens, we‚Äôve resorted to Google Trends for a study of interest change. We‚Äôve checked out people‚Äôs interest differences in the terms ‚ÄúBuy GPU‚ÄĚ and ‚ÄúSell GPU.‚ÄĚ Also, the terms ‚ÄúBuy PS5‚ÄĚ and ‚ÄúSell PS5.‚ÄĚ¬† Both worldwide and over the past 12 months!
Both the above and below graphs indicate an obvious difference in the percentage of interest in people. For the graphics cards, the need to find places to buy GPUs drastically decreased in the past 12 months. All of this relates to – as we mentioned before – breaking mandatory lockdown restrictions. Also, with people back to work after WFH, a lot of crypto miners went under. The general trend for interest is downward moving forward.¬†
The same goes for gaming consoles, particularly the PS5 gaming console. People were trying to find places to ‚ÄúBuy PS5‚ÄĚ like crazy towards the first few months of the past year. Mostly during the holiday season, like Christmas ‚Äď which explains the peak near December! However, with time, there‚Äôs an obvious and very noticeable decline in interest. So, all in all, it‚Äôs pretty obvious that people don‚Äôt care as much about PS5s or GPUs. Or, their interest is seasonal!
This brings us to the volatility of profit in the retail industry. If today, you invest your money in some Xbox consoles, PS5s, a bunch of graphics cards, or whatever it is‚Ä¶ will you still be able to make good money off of them tomorrow? That is the real question. And so, we‚Äôve taken a look at the 3 most popular gaming consoles and GPUs on stockx.com for insight.¬†
MOST POPULAR GAMING PS5s & GPUs
|NVIDIA Founders GeForce RTX 3070 Ti
Retail Price: $599
Highest Resale Value: $1,393
Current Resale Value: $597 – $671
|Sony PlayStation 5 PS5 Blu-Ray Edition
Retail Price: $500
Highest Resale Value: $959
Current Resale Value: $647 – $685
|NVIDIA GeForce RTX 3060 Ti Founder Edition
Retail Price: $400
Highest Resale Value: $1,561
Current Resale Value: $395 – $485
|Sony PlayStation 5 PS5 Digital Edition Console
Retail Price: $400
Highest Resale Value: $1,054
Current Resale Value: $624 – $688
|NVIDIA GeForce RTX 3080 Founders Edition
Retail Price: $700
Highest Resale Value: $2,532
Current Resale Value: $753 – $801
|Sony 5 PS5 Digital Edition Console KR
Retail Price: $400
Highest Resale Value: $784
Current Resale Value: $572 – $660
The table above indicates a clear direction for the profitability of these retail products. The entire retail shopping game is not the same as it used to be. Although people are still making money, the profit is going on a downward curve. This is not really the making of the most profitable industries.¬†
And, considering when you talk retail, you talk buying in bulk. So, you‚Äôre looking at an initial fund of a minimum of $1,200 to begin with. Even if you try a different approach to retail, like trading cards or moonlighting on Amazon, it won‚Äôt be enough.
When we first talked about the most profitable industries, we mentioned ‚Äúminimal effort.‚ÄĚ However, it does seem like the retail industry does require that you put in a certain amount of effort‚Ä¶ and money! Now, there are no businesses without an initial investment. But, we want guaranteed cashback and someone to do most of the work for us.¬†
So, if it comes down to us to name the best market for money-making, it wouldn‚Äôt be retail. But, if you do feel like you might still find your calling in retail, click on the button below! It has everything you need to get you started on your retail journey.
Finally, the last market we‚Äôre going to consider among the three most profitable industries is the sneaker industry. In all honesty, this is definitely our favorite one! We‚Äôve been in this game for a LONG time, and we‚Äôve seen it all. Industries come and go, but at the end of the day, it‚Äôs the sneakers that stay. However, we‚Äôre professionals. So, we‚Äôre gonna break down the industry in the most unbiased and straightforward way ‚Äď just like NFTs and retail.
Now, the sneaker industry isn‚Äôt something you can pinpoint to a specific date. Like, we know when NFTs started and when the retail industry allowed for profit-making. But, sneakers have been a part of our lives for as long as anyone of us can remember. But, if we go back to the 80s, we can really see the sneaker culture bloom. And with the growth of the culture came the extreme need and competition to buy certain sneakers!
And this is where people started to understand the brilliance of being part of the industry. This is why there are ENDLESS sneaker brands all around the world! According to our study on the most popular sneakers in the world:
THE TOP 10 SNEAKER BRANDS IN THE WORLD ARE¬†
6. New Balance
9. Air Jordan
The options are endless when it comes to brands and the sneakers they create. But, when it comes to being an actual investor and making money off sneakers, what should you know? Let‚Äôs begin the breakdown of the sneaker industry and find out: is it THE most profitable of the three most profitable industries?
All the most profitable industries often come with very impressive market caps that only grow over the years. And, in fact, that‚Äôs very true for the sneaker industry. But, you should also note that the sneaker industry, in itself, comes in two part: the actual sneaker market and the secondary resale market. YOU, dear friend, will be a part of the secondary resale market ‚Äď naturally.
They are both correlated and have impressive market caps! Actually, we‚Äôve analyzed data in a span ranging from 2012 to 2025 according to Statista‚Äôs report on sneaker market value. In 2020, the total global sneaker market revenue was at around $70 BILLION and is expected to reach $102 BILLION by 2025! Even in one of the worst years in global history, the sneaker industry still managed to thrive! You can definitely see that in the increasing bar graph below! There has been almost a 150% increase in sneaker market cap in the last 20 years to our current year.
The same goes for the sneaker resale market – which is what really matters after all. Statista‚Äôs 2019 report shows that the resale market was valued at around $6 BILLION globally. With the United States taking up $2 BILLION of that value alone! Also, investment firm Cowen called the resale market ‚Äúa booming alternative asset class.‚ÄĚ And they estimated that the global resale market value will reach $30 BILLION in 2030! That‚Äôs a 400% increase in about 10 years!¬†
To truly test the most profitable industries, we have to dive deep into their revenues! Revenue is the total amount of money that a company or industry brings in over a period of time. In other words, it is the financial gain of the industry through sales or services. Knowing the revenue provides a measure of how effective a company‚Äôs sales and marketing are.¬†
The revenue for the sneaker industry as a whole from 2014 – 2027 has been on an upward trend. Except for 2020‚Äôs dip, which is self-explanatory. Everyone was under mandatory lockdown ‚Äď no production or manufacturing! This is a direct measure and indicator of how well the sneaker industry is doing. And how much money people are making in the industry!¬†
And, the most important thing you should note about it is the stability! Despite one of the world‚Äôs worst economic times, the sneaker industry picked back up better than before! Sneaker brands found a way to survive just like the rest of the world. And now, it is projected to remain somewhat stable in the long run.¬†
Also, the trend is still positive and increasing in terms of percentage revenue change. This means that regardless of what happens, people are still making money! This is, all-in-all, a very positive outlook for the sneaker industry when it comes to making money and profit. Exactly what you would want to see in the most profitable industries of the world!¬†
But, since we‚Äôre here to take everything into account, we‚Äôre going a step further by studying the interest! How much are people interested in the sneaker industry and sneakers? Keep reading to find out!
Just like we‚Äôve mentioned before, the making of the most profitable industries requires interest. It is the most important part of any business. Because if no one actually cares, no one will pay money for it. And so, before we go into the Google Trends part of this section, we will consider consumption volume. This refers to the volume of sneaker consumption every year.¬†
By referring to the bar graph by Statista below, you can see a positive upward trend for total volume. If it weren‚Äôt for the tragic events in 2020, the number would have probably never gone down. In fact, the volume increased by 10.1% in 2022 and is projected to reach 16.7% by 2023 after the pandemic. This shows that the demand for sneakers is always on the rise!
As for the general interest, we‚Äôve looked up the terms ‚ÄúBuy Sneakers‚ÄĚ and ‚ÄúSell Sneakers‚ÄĚ on Google Trends. The general trend for buying sneakers does look like it‚Äôs going up and down ‚Äď same for selling sneakers. But, if you think about it, it all depends on the sneaker release calendar of the month! Although there are ALWAYS sneakers dropping every single day. Some months have a more appealing release calendar.
This is why on some dates, the trend for buying sneakers increases. But, the general percentage change is not volatile. As for selling sneakers, it also increases significantly during the holiday season and special events. Things like Yeezy Day can pique everyone‚Äôs interest in the industry! And, as someone who is looking to make a profit, an upward trend for ‚ÄúBuy Sneakers‚ÄĚ is all you need.
Finally, the last thing we‚Äôre going to talk about for the most profitable industries is actual profit. How much can you expect to make on an average release? Do you even know how much money sneaker resellers make?
Since Nike and Adidas are the two leading sneaker brands in the game, let‚Äôs consider 3 sneakers. All three of these sneakers have a few things in common.
– They‚Äôve all restocked at least once before (if not more)
– They dropped everywhere and were readily available
– People made money reselling them like CRAZY.
Nike Dunk Low Retro Panda
Original Release Date: March 10th, 2021
Retail Price: $110
Restock 1: February 2nd, 2022
Restock 2: June 22nd, 2022
Last Restock: August 11th, 2022
Current Average Resale Price: $244
Adidas Yeezy Boost 350 V2 Triple White
Original Release Date: April 29th, 2017
Retail Price: $220
Restock 1: September 21st, 2018
Restock 2: August 2nd, 2019
Current Average Resale Price: $376
Jordan 1 Retro Black White
Original Release Date: 1985
Retail Price: $155
Restock 1: September 20th, 2008
Restock 2: November 8th, 2014
Current Average Resale Price: $937
All of this proves that the sneaker industry comes with a mentality of never-ending hype. Regardless of the supply, people still make a lot of money reselling sneakers! Of course, sometimes a pair could make you as much money as 500 pairs! But that all comes down to your copping game and your choice of sneaker bots!
Is the sneaker industry the BEST of the three most profitable industries? YES! It guarantees that you always make money, fast, online, and with minimum effort. However, it requires you to do a bit of prep before you jump right into it. Becoming a successful sneaker reseller takes a tiny investment in your skills. Click on the button below to learn more. Become a part of the 6 BILLION dollar industry today so you can start making CASH tomorrow!