Since these businesses have done so well and continue to grow, it’s no surprise that many entrepreneurs are asking: What is it about them that makes them so successful? In this article, we’ll take a closer look at ten of the biggest money-makers in business today. We’ll break down what sets them apart from their competitors and go into detail about what makes them so lucrative. So if you’re ready to find out more about these companies, lets dive right into it!
What Makes a Profitable Company?
We all want to be successful in business, but what makes a company profitable? It takes a lot more than just a great product or service. Here are some of the key characteristics of money-making companies:
Customer satisfaction: A company needs to offer quality products and services that will keep customers coming back time and time again.
Innovation: Money-making businesses have to stay ahead of the competition by coming up with new ideas and products that their customers need.
Marketing: Companies need to understand their target markets in order to attract new customers and create brand loyalty.
Operational efficiency: Money is saved when a business can reduce costs, eliminate waste, and streamline processes.
Financial stability: Businesses need to maintain healthy balance sheets in order to stay profitable and attract investors.
By understanding these core principles, you will be better prepared to make smart decisions when starting or running a business.
The 10 Most Profitable Companies in the World
What are the biggest money-making businesses out there? If you’re looking to start a business or invest in one, it’s important to know what the most profitable companies in the world are. Here’s a look at the top 10 most profitable companies according to Forbes:
Apple – $59.5 billion
Saudi Aramco – $46.9 billion
Microsoft – $44.3 billion
Walmart – $30.9 billion
JPMorgan Chase & Co.- $29.9 billion
Berkshire Hathaway – $25.5 billion
Alphabet/Google – $24.2 billion
Amazon – $21.3 billion
Facebook – $18.5 billion
Bank of America Corp -$17.4 billion
It’s no surprise that this list is dominated by tech giants, which have seen tremendous growth over the last few years due to their massive investments into research and development, as well as their ability to take advantage of digital marketing opportunities and capitalize on the power of the internet and social media platforms such as Facebook, Google and Amazon.
Apple Tops the List
Coming in at the number one spot you might have guessed – Apple. It holds the top spot for the most profitable companies in the world, with a net margin of 20.83%. Apple is ubiquitous in modern life and its products are highly sought after, making it extremely profitable. The product range it offers covers everything from mobile phones, laptops and tablets to music streaming services and software packages. Apple also offers a wide range of services that are very popular, such as iTunes and iCloud. Its products are much more expensive than its competitors, but they remain in high demand due to their sleek design, cutting-edge features, and reliable performance.
Microsoft: Taking a Close Second Place
You may have guessed it—Microsoft takes a close second place on the list of most profitable companies. According to Business Insider, Microsoft had an astonishing $103.3 billion in revenue in 2019 and a net income of $39.2 billion that year. And, as we all know, it keeps increasing every single year.
But why is Microsoft such a money-making machine?
A Backbone of Technology Infrastructure
Microsoft is the backbone of technology infrastructure for nearly every sector and industry in the business world—from government and education to healthcare and finance. Its products are used in practically every office environment around the world—from Windows and Office to Dynamics CRM and Azure cloud services.
Microsoft has also cornered the market on innovative solutions that are transforming traditional business models, such as its Dynamics 365 Business Central software suite which combines customer relationship management with enterprise resource planning solutions for small and midsize businesses. This level of innovation keeps customers returning and keeps Microsoft solidly at the top of the list of most profitable businesses in the world.
Combined with its legacy software offerings, like Windows Server and Systems Center, there’s no wonder why Microsoft consistently takes home such huge profits year after year.
Alphabet Cracking the Top 3
High up in the list of the world’s biggest money-makers is Alphabet, the parent company of Google. Alphabet comes in at number three, and its revenue in 2020 was a whopping $182.5 billion.
The big money comes from advertising primarily. The big G is so successful in this regard because of its ability to target web surfers with relevant ads and its competitive rates for advertisers. But that’s not all: Google also makes money from cloud services, hardware such as Nest products and Chromecast, Android app sales, and more.
Overall, it’s no surprise that Alphabet came in at number three on the list of highest-earning companies in the world. With its impressive suite of products and services, Google has been able to firmly establish itself as one of the leading tech giants worldwide.
Other Notable Companies Making Big Profit Margins
In addition to the traditional ‘Big Five’ companies, there are a handful of other major contributors to the world’s annual profit. Here are the next five biggest money-making businesses that you should know about:
Coming in sixth place is the giant e-commerce retailer Amazon. This retail giant earned a revenue of $280 billion in 2018 and made a net profit of $10.1 billion.
Next is widely admired holding company Berkshire Hathaway with a revenue of $242.1 billion and an impressive net profit of $44 billion in 2018.
The tech titan Apple Inc comes in eighth place with an astonishing total revenue of $265.6 billion and a net income of $59 million in 2018.
JPMorgan Chase & Co.
In ninth place is the global banking and financial services company JPMorgan Chase & Co., which gained an income of $118.1 billion and made a net profit of $24 billion in 2018.
Walt Disney Company
Finally, rounding out this list at number ten is The Walt Disney Company, with a total revenue of $59 billion and a net income of more than 14$ billion in 2018 alone!
Clearly, these ten businesses are the biggest money makers in the world. While the stocks of many of these companies have certainly seen their ups and downs over the years, these are the businesses that have consistently proven to be the most profitable.
No matter which of these businesses you decide to invest in, it is important to remember that success never comes easy. It takes hard work, determination and often a bit of luck to make it big in business. If you are looking for a way to make some extra money, consider investing in one of the top money-making businesses listed here. With the right approach, you could be making money hand over fist in no time.