All affiliate marketing niches are not created equal. While one particular niche may not objectively make more money than another, there are definitely some niches that just make more sense to dive into as an entrepreneur.
The success of any business, including an affiliate marketing business, is the time, money, and effort you put into it, but picking a profitable niche sure helps get the ball rolling. If you’re thinking about starting an affiliate marketing site, there are some important things to consider before you begin.
Although it may be tempting to pick an affiliate marketing niche that you’re either very familiar with or super passionate about, those really aren’t the first place you should start when thinking about a niche.
The top 3 things to consider are the popularity of a niche, the relevance of a niche, and the longevity of a niche. Picking a niche with a large following or a huge fan base is always a great place to start. That way, you already know you have a passionate audience and you don’t have to drum up support for your product out of thin air.
The relevance and longevity of a niche refer to the staying power they have in the market. Choosing a product or niche that is currently trending now might make you a lot of money in the short term, but will inevitably dry up when trends change.
The keyword here is evergreen. Finding a niche that is always going to be something that people need or want is a must for a profitable business.
Take a look at the best web hosting reviews with Mangomatter's UK comparison site.
Health & Wellness
The health and wellness categories have consistently stayed in the top three most profitable affiliate marketing niches for years. People will always be interested in their health, the niche will never go out of style, and moreover, there are so many different sub-niches here to tackle.
From specific medical conditions like diabetes to quitting smoking, trending diet plans, self-care regimens, vitamins and supplements, weight loss, fitness guides, and yoga, there are so many ways to fill a need and provide value in the health and wellness niche.
Casinos & iGaming
There’s nothing people are more passionate about (or spend more money on) than their hobbies. Hobbies can range from sports, camping, cars, and survival to travel, photography, crafts, gadgets, and gaming.
We’re going to focus on the big whale here when it comes to hobbies: gaming. The global gaming industry has seen some of the most growth recently, with projections of $159 billion in revenue in 2020. This market, also known as iGaming, includes niches such as mobile gaming, casino gaming, esports, and PC/console gaming.
In a new world of social distancing and stay-at-home orders, iGaming and online casino gaming has never been bigger. There are a ton of great affiliate programs in this niche as well with generous commissions too. NoDepositfriend.com is a good example of one of the leading affiliate sites within iGaming Industry. They have carved out a niche in offering no deposit bonuses.
Wealth & Finance
The money niche is often considered to be oversaturated and overcrowded. For this reason, many new affiliate marketers steer clear of this niche in favour of something slightly easier to deal with. Wealth and finance can be very competitive but they should not be discounted as extremely lucrative niches to explore.
People are taking on debt like they never have before and need help managing their money. They are also looking for ways to make money online and financial affiliate sites offer that precise form of guidance.
Wealth and finance affiliate niches include things like forex (foreign exchange market) or stock trading, internet marketing guides (i.e. how to make money online) for working at home opportunities and passive income ideas, wealth management, and teaching new entrepreneurs how to maximize profits in their respective fields.
The money niche is also a solid option because it’s evergreen. People will always be looking for new ways to earn income and will always need advice on how to manage their assets. It’s an economy-proof sector with great affiliate programs and true staying power.
Build it and they will come
Some other extremely lucrative affiliate marketing niches include dating, sports, and travel too. All of these big-time niches are going to be competitive with lots of other voices trying to be heard.
The best way to succeed in affiliate marketing once you’ve chosen a bulletproof niche is to have multiple products to increase your chances of sales and to find affiliate programs with high commissions to make sure you get paid well for your efforts. After that, it’s creating great content and getting it out there to the world.
With a popular, evergreen, and high-commission affiliate niche, a lucrative business is a great possibility. Just remember, with any great venture, time, patience, hard work, and a consistent drive are extremely necessary ingredients for success.