There are a lot of questions from people who are going into online marketing for the first time and one of the questions that are frequently asked is How to choose a profitable niche.
I think people go into online marketing with the hopes of making money and when you are not making money, you tend to become de-motivated.
But any niche can make money but I think you should pick a niche that you like, or you are passionate about.
You will need to build your brand, you build your brand by offering help to your audience, you do this by being consistent, and gaining trust.
Building a brand gives you room to grow!
When you build a brand, people purchase from you since they know, trust, and like you.
Selling turns out to be easy because you have built trust and trust is far more important than having a slick sales page or being an expert marketer.
Learning all the marketing techniques will always help you sell more products, also building a brand will enable you to get a long-term business that continues to grow due to all the trust you have built and hard work you have put into it.
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1. You Don’t Need to Be an Expert
You may have a passion or a hobby and may have the feeling that you can’t start a website because you are not an expert.
I think most of us online marketers when we started, had no expertise in the niche we chose, but in time you will find that you will become an expert because you will have to do research for the content and this will add real value to your site.
Like with everything when you first start out you will face problems and obstacles that you will have to learn to overcome. If you are new to not only online marketing but to the technology itself I would strongly recommend that you find a website that will instruct you
There are some niches that seem to do very well.
2.They Are Health, Wealth & Relationships (Happiness)
In any of these niches, there are always people looking for solutions to issues they are trying to solve.
You can never go wrong with any niche in these 3 categories if you want a profitable niche that is productive for a long time and has repeat buyers. In each one of these niches, you will be able to have a lot of sub-niches.
There will be people looking for information on how to make money, you can create an e-book on the process you passed through setting up your online business
There are people constantly looking for health tips, like diets, exercise, skincare, etc.
Hobby niches are profitable
Hobby niches are profitable niches as people never stop spending money on their hobby since it brings them not only entertainment but a sense of satisfaction.
Many persons spend a lot of money on games. Whether it is hunting, video games, or dirt bike riding or photography. the equipment and gadgets for these hobbies cost a lot of money
Many online marketers prefer to sell high ticket items, they prefer to sell items that will bring them $1000 in commission, but my thoughts are those commissions do not come too often so I suggest a mix of both.
Being in a competitive niche may seem like a bad thing as it would seem like too many sellers but Competition is the best thing you can ask for in a niche. If there is competition in a niche then it means that there is money to be made.
Checking out the Competition
There are many tools you can use to check on how competitive a niche is you can use, Google Trends or Amazon Reviews (these are free) there are others that are not free, a couple of them are SEMRush and SpyFu.
With Amazon Reviews you can check if there are products being sold and a moderate to a large number of people purchasing those products and leaving reviews then it’s probably a safe bet that that niche is making money.
Affiliate marketing is one of the best ways to make money online, no inventory, no staff, no shipping, no person to person sale, I must tell you you will not be successful overnight it will take some work, determination, and patience,
So if you are thinking of becoming an affiliate marketer may I suggest Wealthy Affiliate,
Wealthy Affiliate is a platform built for everyone in mind, attention is paid to every detail,
You are given step by step instructions via video and the written word.