The very first step to building your own successful online business is understanding how to find a profitable niche market online. Affiliate marketing is the process of connecting people to what they’re already looking for online. It’s one of the most lucrative industries in the world, with over 6 billion in revenue per year.
Billions of people every day are buying things online and affiliate marketers are making commission after commission by connecting those buyers with what they’re looking for. How does this process work?
It all starts with a niche.
In this article (with VIDEO) I’m going to show you how to find profitable niche markets online and how to promote the products you love to the target audience that’s looking to buy them.
You don’t need your own products or services, you don’t need to be tech savvy with a background building websites, and you don’t need to spend thousands of dollars for expensive training platforms that promise a “Done For You” system that slowly empty your bank account. With the right training platform and an understanding of how to find successful niche markets, success in online business is closer than you think.
How to Find a Profitable Niche Market Online 2018
Watch the following video to understand what a niche is in terms of online business. Understanding how to find your niche market leads you directly to the more important question of how to make money with niche markets online. I’ll explain the process, show you how to find a profitable niche market online, and then connect you with the best training platform online to be successful.
What is a Niche?
In terms of online business, the definition of niche that I want to focus on is the one highlighted in the definition above: “a specialized segment of the market for a particular kind of product or service.” In other words, a niche is anything with a target audience.
Anything you can think of where there is a product or service available and there is a target audience looking to buy it can be a profitable niche in terms of online business. Got it? Good. And that brings us to the real question:
How Can You Make Money with a Niche Market?
When you start researching how to make money with a niche market, this takes us into the world of affiliate marketing and affiliate programs. Through affiliate programs you can promote the products you love from trusted merchants like Amazon, Target, Walmart, Best Buy, etc., and these merchants will pay you commissions when your target audience makes a purchase.
Partnering with trusted merchants can be very lucrative when you know how to create content that gets real traffic that converts. Affiliate marketing is so popular because you don’t have to have your own products or services to do it.
You simply need to know how to identify a niche market and then create content that promotes relevant products or services to its audience that is already looking to buy.
Using Amazon.com to Find the Best, Successful Niche Markets Online
Amazon.com is a great and very popular example of an affiliate program you can partner with. We’ve all bought products from Amazon. It’s quick and convenient, and it seems like anything you could ever want is available. Amazon has millions of products that people are searching for and buying every day.
Even more importantly for someone who is looking to find a profitable niche, taking a look at the Amazon home page can give you great profitable niche market ideas.
Just taking a look at Amazon’s departments and categories, you can find great niche market ideas for building an online business. Beauty & Personal Care, Shoes, Jewelry, Books, Fire TV, Home Audio & Theater, Cameras, Cell Phones & Accessories, Video Games for Kids are all examples of highly profitable niche markets you can profit from.
Choose a Niche That You Have a Passion For
Taking a look at all the profitable niche market possibilities that are out there, it’s important to choose one that you have a passion for. To make a niche market profitable there are certain steps you’ll have to take, one of which is creating quality content (more on that in a bit). When you choose a niche you have a genuine interest in, it makes it that much easier to write content for it.
I’ve always been interested in cameras and photography, so as an example, the niche of DSLR cameras could be one that I would choose.
Typing DSLR cameras into the Amazon search pulls up a page of over 20,000 products I could chose from to promote to my target audience that shares that interest. The products range from cameras, camera gear, and accessories that tens of thousands of people are looking to buy.
Choose a Niche that is Specific
Notice I gave the example of DSLR cameras as a good niche as opposed to just cameras in general. It’s important to choose a niche that is specific. This allows you more directly target the audience you’re trying to reach.
With a niche that is too general your niche website can come off as one with less authority. When you create your niche website around something specific, like DSLR cameras as opposed to cameras in general, you show specialization.
Be careful not to go too specific though. A single model of camera would be too specific of a niche to try and market. It would be difficult to continually create content when your entire niche site is only about a singular product.
So now the questions is, how exactly does affiliate marketing work so I can make money from a niche market?
How Does Affiliate Marketing Work? What are the Steps to Take After Choosing a Niche Market?
There are 4 basic steps to building a successful online business:
- Understanding how to choose a profitable niche, (the part we’re covering here,)
- Building your website on the right platform,
- Knowing the popular searches your target audience is searching for so you can get them to your site, and finally
- Turning that traffic into revenue.
There is an online community & training platform that I’m a part of that teaches these 4 steps in great detail. I recommend it over all others, and if you’re interested in building your own successful online business in affiliate marketing, create your free starter account now, get trained, and don’t look back!
I had a $4k month in my first year with this platform, so trust me when I tell you that the training absolutely delivers. Being your own boss can definitely be very lucrative and rewarding.
To show how affiliate marketing works, let’s imagine you’ve gone through Amazon’s categories as shown above and you’ve decided to choose the DSLR camera niche we just talked about. You find that a very popular camera is the Canon EOS Rebel T6.
So now, how can you use affiliate marketing to start getting commissions when people buy this camera?
The Power of Reviews
How many times have you done a Google search looking for a review of a product before you buy it? We’ve all done it countless times. Google populates your search with relevant reviews and you chose one that catches your eye.
You read the review that talks all about that camera’s specs, its pros and cons, and finally at the end of the article you find a link to buy the camera off Amazon. You click the link to buy it, and a couple days later it’s in your hands.
Well did you realize that the link you clicked through to make your purchase on Amazon was an affiliate link? This link tracks your purchase and sends a commission to the reviewer who wrote the article that got you to Amazon.
Depending on the product, this could earn the reviewer a 6%-10% commission and even much higher. And when that review is ranked high in Google’s search results, think of the thousands of times people are going through this exact process and going through that exact affiliate link.
This is why affiliate marketing is such a lucrative industry to jump into for those looking to work from home and get paid. It all starts with choosing a profitable niche market.
Finding Affiliate Programs Relevant to Your Niche
Amazon is a great affiliate program for someone who is just starting out. But as you start to grow your website and build traffic, you’ll be very happy to know that there are literally tens of thousands of affiliate programs out there for you to partner with.
Doing a quick Google search of “your niche + affiliate programs” will pull up page after page of great affiliate programs that are free to join. Find one with a commission schedule you’re happy with and apply! There is lots of money to be made in affiliate marketing!
No matter what niche you choose, the online marketplace is filled with millions of people looking to buy products in that niche. Unlike a traditional brick and mortar business, your target audience is a global one. From DSLR cameras to boys basketball clothing to any passion you have interest in, there are countless profitable niches out there for the taking.
And through the power of the internet, your global audience will have 24/7 access to the quality content you create.
Do you have a better understanding of how to find a profitable niche market online? Do you have a better idea of how to make money once you’ve chosen your niche market? It’s all about choosing a specific niche you have a genuine interest in & using the power of affiliate marketing to earn consistent revenue.
I highly recommend the training platform that helped me to build my online business. Go through any of my links above to create your free starter account and take the training for a test drive. You’ll have me as a support coach and I look very forward to helping you in every way I can to start your journey to being an online entrepreneur.
Have questions? Comments? Leave them in the comments section below. Share your ideas for a niche market! I always respond and I look very forward to hearing what you have to say.