Products for profit are typically tangible items that are used by person on daily basis or helps with something in their life. A product that benefits others can be tangible but is mainly a service that helps a person and might not be something they use on a daily business.

the pros and cons of a product for profit is that it is a lot easier to make large amounts, there is more creativity behind it, there is money being made from the sales of the product, and it could be worth more. the cons of a product for profit are there is a high risk factor in the product failing, money is a necessity to start it, and making sure the product meets lots of regulations. the pros of a product of benefit is that money is not needed most of the time, you only need a couple people to start it, there is a simple model for it, and you deal with people directly. the cons of it are it is harder to increase the business size, it is time consuming, it is harder to make money, and it is typically worth less in monetary value.

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