The Top 7 Lucrative Online Niches for 2016

One of the most crucial decisions faced by online marketers is to choose a niche that is not only lucrative but also feeds their passion well.While selecting a niche is no rocket science, it sure is the key to everlasting success in online ventures. The niche you choose can either make or break your business. So before you chalk out any strategy, give five minutes to review the 7 profitable online ‘niches’ for 2016.

#1. HEALTH & FITNESS 

One of the most lucrative markets online is nothing but health and fitness. This is simply because people spanning the globe are looking for effective ways and products to lose weight, get fit or enhance their appearance. Looking physically appealing is everyone’s New Year’s resolution!

Weight loss products sell like hot cakes. Therefore, it wouldn’t be wrong to conclude that advertising them in your blogs can lead to effective commissions earned through sales triggered by those advertisements.

You can happily rely on affiliate marketing and Google Adsense to provide you with some passive yet decent income. Blogs that address burning health issues and real-time challenges often invite a great deal of traffic as they seek to provoke lively discussions and even offer novel solutions.

Since the fitness market is driven by emotion, marketers often use emotional triggers to make quick bucks. On the good side, you can always analyze these emotions to identify the needs of the prospective customers and design products, eBooks or newsletters that cater to the same.

#2. SELF-IMPROVEMENT

The online market of self-help is phenomenal. Everyone, at some point of time, has patrolled the internet for tips to deal with stressful life, anger management, relationships and obstacles. The survival niche is not only huge but also extremely profitable.

The best thing about this particular niche is that individuals are really passionate to the point of being fanatics for self-help. This only means that once your blog has captured the attention of a dedicated few, your client base is not likely to wane off with time.

The avenues of earning through self-improvement niches are plenty. For one, you can place advertisements of self-help tutorials, eBooks and newsletters in your blogs and liaise with Amazon affiliates or Google Adsense to reward you for each sale that is touted from your blog. Additionally, you can publish paid posts on your blog. However, this is possible only when your online venture is established enough and sees sizable traffic each day.

#3. ROMANCE & DATING

Google Adsense strongly believes that this is one of the hottest niches out there. After all, people are happiest when in love. In fact, statistics also reveal that millions of youngsters search the internet for advice on relationships and dating.

The best part of this niche is that it is a huge market with many different specialized niches that you can choose to base your online business on. Few examples of targeted topics include dating sites, dating tips, parenting advice, sexual help, social media strategies and peer pressure to name a few.

Trending techniques that can be employed to trigger revenues include one-on-one interactions, sending out free advice as perks and displaying personal interviews or stories of people who have gone through common love issues.

#4. GREEN ENERGY

Another niche that you can cash on is the environment niche. People all over the world are looking for eco-friendly ways of improving the environment and cutting down on non-renewable energy consumption. Products and services that cater to these (e.g. solar panels) are likely to be a big hit. Other examples include shed-building, DIY outdoor saunas, home energy systems and heating/cooling systems.

One important thing to remember before investing in this niche is that the target users are usually looking for money-saving systems and as such won’t really lighten their wallet for higher-priced products. Therefore, you may need to pre-sell much more than you originally thought. That shouldn’t be a problem though because more work automatically translates into more money!

#5. FINANCES

Another niche that gets a lot of attention is “finances”. Everyone is looking for quick and effortless ways of earning money. Money remains the biggest motivation of our life. Being one of the 7 Profitable online ‘Niches’ for 2016, it is but a cakewalk to make money with this topic.

The only problem with this niche is that it is extremely specialized and the competition is huge. Many online marketers are vying with each other to grab users’ attention and sell out money-making products. Additionally, with all the infamous scam in this market, it becomes tough to convince skeptical customers into making the purchase.

With so many drawbacks in this niche, you should keep one thing in mind- targeted advertising. Your products and services must be displayed in a manner that immediately sets them apart others and builds trust with your prospective customers. Only then will you find lasting success.

#6. SPORTS & TRAINING

The Sports market is an exhaustive one. Even in the offline world, it involves umpteen avenues of income. Whenever there is a need for action or advice, money is made. Tons of people come online to search for sports training programs, sports gear or something as simple as ways to play a certain sport better. ( e.g. improving the golf swing)

Therefore, products that center on vertical jump training, or golf coaching are forever in demand. Another great feature of this niche is that the products/services/websites are always designed by professional athletes only. This allows people to fall for such products hook, line and sinker, simply because they know that they are of top-notch quality and reliable too!

Remember, people gladly fish out their credit cards to master a skill or feed their passion. And sports can be both. With this niche too, ensure to pre-sell nicely and gain the attention of potential customers.

#7. LANGUAGE/ ENTERTAINMENT TRAINING 

The reason why online markets are so popular is because you can chase your passion while earning some decent money. The online world is free of time and space restraints that riddle life offline. So if you’re passionate about a subject such as entertainment or language, you can very well cash on it online.

Products relating to learning new languages or playing musical instruments are high on demand. A combination of less competition and willingness of customers to learn makes this niche one of the 7 Profitable online ‘Niches’ for 2016.

Like any other niche, you need to provide some great content with this one too. While information is for free on the internet, you should also be able to market your products/services effectively and let your readers know why their needs can be better met with a paid product rather than a free one.

This completes the top 7 Profitable online ‘Niches’ for 2016. It is recommended that you start off with a niche that appeals to you. Remember, no matter how profitable your niche is, if it’s not something that interests you, you may end up failing altogether.