What Are The Most Profitable Niches To Sell To?
This is something you can do over and over again.
You can select a niche, sell in it, see how you profit, once you’ve gotten it into some sort of stable state on the revenue and profits you want from it, you can then select another niche to sell to, while the first one is still running.
There are several profitable niches in different countries you can sell to on the internet, you may do a search online to get some figures on these for several countries, we’ll use USA as our own case study, you can follow these same steps for other countries too once you have the information on the revenue earned in the niches in those countries, we will assume the following revenues were made in the following niches in a specific year in the US (note that these are just demo figures, they are for demonstration and informational purposes only), you can get actual figures for any country by searching for it online and/or using a library:
| $ (‘000) | |
| Motor vehicle body & trailer mfg | 25,676,100 |
| Shoe (Retail) | 24,924,500 |
| Glass & glass product mfg | 24,509,600 |
| Office furniture mfg | 23,555,700 |
| Fabric mills | 23,254,000 |
| Drycleaning & laundry services | 22,630,400 |
| Painting & wall covering contracting | 20,501,800 |
| Specialty food stores | 19,696,500 |
| Warehousing & storage | 19,679,000 |
| Hardware mfg | 12,826,000 |
| Sound recording industries | 12,135,500 |
How much you actually make in any niche depend on if you’re selling as a merchant, store owner or affiliate in the niche, a merchant gets 100% of the total value of the product while a store owner/affiliate earn a percentage of the total value. The number of targets online in each country will also affect the total revenue you can make in any niche per country.
In addition to these, how much you know your chosen niche, the targets, what they want, problems they have and the solutions to them, if you can find/create the right product/service for them, your skill set, the money, effort and time you put into your business etc will also determine how much you will make in your chosen niche.
Once you’ve known the niches that can make you the most money and in what country, it is now left for you to learn and do what you’ll need to do to sell profitably on the internet, using this blueprint http://www.i-niche-marketing.com/orderproduct.htm will help you too.
