All you have to do is run a Google search about how to make a few dollars online, and odds are you will see the single most common buzzword of the last few years: Niche. This term has been thrown around so much in the Instagram-Era that it borders on having lost all meaning. Which is unfortunate, because, at its core, the idea of finding a niche and focusing on it is a very good tip for those just starting out. Often times, there are even small business loans available to assist you in this persist.
The problem is that the tip is SO good that nearly every significantly profitable niche is oversaturated. Or is it? The fortunate thing about humans is we are in a constant state of ‘need’: This means that at every moment of every second, somebody somewhere wants something. Below, we have listed some of our favorite tips for capitalizing on this fact, and have provided some ever-profitable niches for you consider investing in. Without further delay, let’s get started.
1. Things That People Are Already Buying
You can counter the oversaturation epidemic by closing in on areas that have no upper limit of how much people are willing to spend. Most commonly, these areas will be closely tied to Pop Culture and hobbies. If the core of the niche — the concept, intellectual property, or person — is popular enough, then, theoretically, there is no limit on who can profit from the niche.
Sports, for example. There is an unending list of ways someone can turn a profit on sports. The idea here is to target sports fans, however, and not those looking to actually play the game. Sell vintage Football memorabilia. Start a Basketball podcast that you can run advertisements on. Create a humor-driven social media page that pokes fun at players and fans of your favorite sport. Anything like this will be viable in these sorts of spaces, and taking advantage of the fact can be seriously lucrative with enough persistence.
Language is crucial to functioning in society. If someone can’t understand the language of their locale or place of living, then they can’t function.
And when people need something to function, they are willing to pay money for it. If you can position yourself as a language tutor, or something similar, then you can make your niche in the area of your fluency.
You don’t even have to teach: Start a word-of-the-day blog in your given language. Make interactive videos that feature proper pronunciation and slang terms. Language is a fantastic example of a skill that you can monetize with no investment other than time.
3. Infants and Small Children
There will never be a shortage of babies. Parents are always going to be looking for ways to lessen the burden of nurturing their children, and its there that you stand to make a significant profit. Consider this niche if you have experience in parenting or baby sitting.
4. Weight Loss Solutions
The fitness craze has made many people millionaires overnight, and there’s no reason why it can’t do the same for you. If you’re a self-proclaimed health guru, then you have a skill that many people are willing to pay to access.
5. New-Media and Online Entertainment
Lastly, new-media is the single biggest cause of creating new millionaires in the western world. If you think you can market your personality, your passion for your hobbies, or your looks, then new-media and online entertainment is goldmine waiting for you to break into.