Which is the most profitable business in the world?

Years ago, there was less competition in the business world since people who were superior in the industry gained high visibility among people; and it was tough for a small and medium-sized businesses to grab a place in the market. But today, the struggle is no more. You have wide opportunities to start a business and can even succeed in a short period. All praise goes to the inception of mobile app development.

Don't know whether people got lazy or the technology got smarter enough. But the growth of the business through apps is tremendous. Say, for example, Uber, this service seized half of the growth of other small businesses around the world with its simple yet robust mobile application. The app served taxi service at first but later got its hands into other services which comforted people to a great extent. The aim of Uber is to deliver the needs on-demand through simple procedures (i.e. a few taps on mobile) and this strategy worked perfectly.

Inspired by Uber's success, there emerged many apps like Uber in the market. But only a little managed to beat the market after Uber. The success of Uber was due to its service-oriented business strategies along delivering it in an effective way like apps.

So, for a business to be profitable it solely depends on how you manage to plan a business model. But make sure whether your service is vital enough to fulfill the demands of people.