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U.S. NEWS & WORLD REPORT, Vol. 100 No. 1 |
TEN
FIELDS WHERE FORTUNE BECKONS |
| They dont sound glamorous, but
according to marketing professor Thomas Stanley, who has
surveyed millionaires since 1973, the businesses listed
below often make their owners millionaires. He compiled
the list for his students, but most selections dont
involve skills learned in classes
2. Commercial machines and equipment wholesaling. Price tags are steep, and so are profits. 3. Commercial printing. Customers want quality on tight deadlines, so client loyalty is strong. 4. Designing computer programs. It needs high IQs, low overhead. 5. Data-processing services. For small businesses, its cheaper to send out. 6. Excavating and foundation contracting. What goes up must first go down. 7. Money managers. New financial products make investment advisers a hot commodity. 8. Independent insurance-broker-age services. Baby-boomers and their families are a fertile market. 9. Specialized tool-and-die manu-facturing. Customers pay more when youre the only supplier. 10. Jewelry retailing. The profit margins for precious gems are the jewelers best friend. |