Opportunities to make money online are becoming more and more prevalent. There are so many avenues to turn a profit on the web. You can:
- Build a social following and market affiliate products
- Write and sell eBooks or other forms of content
- “Flip” products on Amazon or eBay
- Write for publications like Medium and get paid per subscriber
- Build a massive following and YouTube and get paid per view
- Start a high traffic blog and run ads
- Build up an authority website and market affiliate products
The list goes on and on. If you’re intrigued and want to get started, your first step will be to choose a niche or industry to focus on. This step is crucial for making money online. You want a niche that isn’t too competitive yet still pays well.
Here are five niches and industries that you should consider for online income.
1. Fitness and Weight Loss
Health and fitness only become more and more popular as the years go on. This can be a pretty competitive industry (I’m sure you’ve probably seen loads of social accounts and websites dedicated to fitness). Though competitive, it’s become a $100 billion industry. There’s probably enough money to go around.
Just be sure not to start broad. Choose a sub-niche beneath the fitness umbrella, and don’t be afraid to go hyper narrow. You could create target fitness for specific demographics, workout programs for those with disabilities, or nutrition for people with specific allergies.
2. Coffee
Coffee is a thriving industry. And not just coffee, but the countless coffee accessories you must have to create the perfect cup of coffee or espresso. People love their home grinders, espresso machines, and french presses.
If you can tap into this market, you could see huge payouts. Affiliate sites that get good traffic and promote coffee products could easily see a thousand dollars of commissioned revenue each month.
3. Cruises
Millions of people around the world go on cruises every year. Of course, that number fell in 2020, but as the economy opens back up, we may see even more take cruises in 2020.
And each time someone considers a cruise, you better believe they do a ton of research. So if you like cruises, consider starting an online business comparing top cruises, evaluating specific packages, or covering a particular region.
4. Insurance
Building an online income around insurance sounds kind of strange, but the industry is booming, and many insurance providers are paying out big commissions on online marketers who refer sales.
This isn’t too hard to believe, considering accidents can cost people thousands of dollars if you don’t have a reliable personal injury attorney to help you out. So consider creating an online income around insurance.
5. Baby Products
Another somewhat strange niche, but if you look at the world population clock, it’s clear this industry will continue to grow. Not to mention most parents are willing to drop serious money on their newborns.
Consider taking advantage of this niche through an affiliate Instagram account focused on the best baby products, a website catered toward clean and organic baby products, or all-inclusive eBooks for first-time moms.