10 Most Profitable Niches To Start An Online Business (UPDATED 2021)

 

Sarah, I want to start an online store business

but I don't know which niche I should focus on.

Help.

And by the way, niche can also be pronounced as niche.

Both pronunciations are absolutely fine.

But yes.

To help you with this question,

I'm going to be showing you the top 10 most

lucrative niches that you can get into this year.

And not only that,

I also going to be showing you real examples

of top selling products in these niches.

And, give you real examples

of ways that you can start online business to make money

in these niches as well.

And I think that some of the ones on this list,

especially the final one might surprise you.

But onto that niche later.For now,

here's the first big money-making niche for this year.

Pets.

This is great niche to make money online

whether you want to open an online eCommerce business

like a redbubble store or digital content business

like a blog or a YouTube channel or an affiliate website.

The pet niche, especially cats and dogs is super

ridiculously hot right now and making tons of money.

And you know that this is a super hot money-making niche

because of this Facebook ad here for this mug.

So this ad here has been running since January, 2020.

And the only reason why Facebook ad is kept running

for one whole year is there for this making money.

So, we can be pretty certain

that this ad is turning a profit.

We see here's the thing about mugs. While they work great

as upsells and with free traffic, if you're running paid ads

like Facebook ads directly to the mugs themselves.

It is extremely, extremely difficult to turn a profit

with paid ads like Facebook ads. And,

it's not because the mugs themselves are super expensive.

For example, in Printful, a mug is one

of the cheaper items starting at $8.95.

But while the store will definitely be sourcing

in mugs for a lower price than this.

No matter what, shipping for mugs is not cheap. For example,

on Printful, it costs $6.99 to ship a mug

in the USA compared to just $3.99 to ship a t-shirt.

And the reason for that is because mugs are heavy and

they're bulky.

A mug like this has to be shipped in a box.

Whereas, if you compare it to something like a t-shirt

instead. Well,

a t-shirt can be folded to fit inside a small plastic bag.

And it's somehow even after having a small margin,

after their production cost, shipping costs

and Facebook ad costs, they are still making a profit.

Which means that we know that this mug

has to be converting super, super well.

And that they're getting really high conversions

which keeps your advertising costs well

below industry average. But you see,

here's the thing. I'm really not surprised

that they're seeing so much success.

Because in life there are two things

that always make me smile.

The first thing, is any time that somebody takes the moment

out of their very busy day to give my videos

a like and to subscribe. Because seriously,

every time you do it, it really helps my channel.

So thank you so much for doing so.

But the secret thing that always makes me smile is puppies.

And in one week, I'm collecting my very own puppy Starbuck,

a Swedish Vallhund which I will tell you now.

I've been impulsively buying up

anything and everything that features these dogs.

Hoodies, t-shirts, mugs, and you know why, and that's

because one of the most important things to keep in mind.

If you want to start your own business, is the

number one reason why anybody buys anything impulsively is

because of emotion. And, post-it buying is triggered

by strong, positive emotions.

If a product makes you feel a strong positive emotion,

that is what causes you to snap buy it.

And what would cause a strong surge in positive emotions?

Things you genuinely love.

And there isn't much more

in life that we genuinely love than our pets.

So pets have always been a top money-making niche

and will forever always be a top money-making niche.

But especially right now. In 2020, due to COVID-19.

People ended up adopting pets in record numbers due

to stay at home instead of traveling.

With me, obviously being an example of one of those people

and with social distancing expecting to be well

into 2021, interest in pets will continue to be strong.

As people want a fury friend to keep them company at home.

Which is why there shouldn't be a surprise if you come to

Google trends. You'll see that cats are trending

up and dogs are also trending up.

Now, these trends are not as drastic

as some of the other niches on this list.

But that's because interest in dogs

and cats has already been super strong pre COVID and so.

Any bump in demand here is very significant.

And of course, there are so many different ways

that you can make money online when it comes to pets.

If you have any eCommerce business, obviously

you've got tons of options to sell pet related products.

Take Etsy some of the top selling print

on demand t-shirts are related to pets.

Same on Ali Express.

People are always buying stuff for the pets.

Making it a top drop shipping niche.

I have friend Adrian.

Made over $700,000 drop shipping led light up dog callers.

And with affiliate marketing, dog training is one

of the most profitable niches on ClickBank.

So there are lots of ways to make money this year

with the help of our fairy friends.

So yes, emotions are the most powerful way to get someone

to buy something from you and hand you the money.

But there is a another powerful driving force

in life that gets us to do this. And that is need.

And since COVID-19 is going to continue to influence

what people can and can't do.

Even into 2021 COVID is going to continue to shape

people's needs considerably.

And so this next super hot niche for 2021,

gaming combines need together with emotion.

Video games and gaming are experiencing exponential growth

because people not only really love playing games

and enjoy them.

But they also solve a need created by COVID-19.

Which is to have a way to have fun with friends

without needing to meet them in person.

And to see this exponential growth in action.

Check out Google trends.

Interest in this hobby is massively trending upwards.

So how can you take advantage of this niche and make money?

Well,

There are tons of ways for all sorts of online businesses.

If you're in the world of eCommerce.

You've got lots of different items you can sell.

For example, clever video game print on demand t-shirts

sell great on redbubble.

And obviously there are tons of accessories

that you can sell right now.

Quirky computer mice with interesting lights

and features are selling really well

for drop shippers.

And mobile games like raid shadow legends

have some of the highest paying affiliate programs out there

with huge epcs.

So, I'll tell you now. Starting a YouTube channel

in the mobile gaming niche is super, super lucrative.

Mobile game companies will also pay you huge amounts

of money to directly sponsor videos too.

So if the gaming niche interests you,

consider starting a channel focused

on mobile games rather than just creating

an another Minecraft YouTube channel.

So onto the next niche.

And yep, we are back to seeing cute videos

of dogs and cats again.

Because do you know what niche is exploding right now?

Personalization, people love having products personalized

to themselves.

Which is another reason why this market has sold so well.

This mug isn't just in the pet niche.

It's also a part of the personalization niche.

Which is a big reason why the conversions were much higher

than industry average for it too.

But this isn't the only personalizable item doing well

with Facebook ads.

Tons are. This customizable Christmas ornament was

a huge seller and went viral. An in this mug here

where you can have a photo of your baby and your name

on it. Is one of the top selling products on Etsy.

And this blanket here, which you can submit a photo

of your dog and it gets turned into a painted picture

and print it onto the blanket

did super well with Facebook ads too.

Of course, I can also mention

that a lot of people are looking

at this blanket and they're thinking.

Well, geez, Sarah.

I would love to sell my own customizable dog blanket

but I'm not an artist.

How can I draw a picture?

And get it printed onto a blanket for my customer?

Well, my friend that is exactly what fiverr for. On Fiverr.

You can get amazing photo of a pet drawn for $10.

And then you can get a print

on demand fleece blanket for 25 dollars.

There's 35 dollars in total to make this blanket.

And how much has pitt canva charging

for their custom print on demand blankets?

They're charging 70 dollars.

So, you know, even if you aren't an artist

you can still take advantage

of the super hot personalization niche

by working with freelances on places

like Fiverr to create your personalized artwork for you.

And by the way, print on demand businesses sound fun to you.

And you would like even more training

on how to set up your own one.

You should be sure to download my free ebook.

The six steps at six figure online was followed to make

over $10,000 a month.

And you'll finally download my free ebook

in the video description below.

But anyway, back to the video. And in life,

if you want to scale and run your own successful business.

There are two things that you need to keep in mind.

The first one, is to do what we discussed before.

And that is to stir up emotions in customers

to get them to impulsively purchase your products.

But the second thing that you want to keep in mind

is that in life the people who get the richest

are the innovators.

And not the copiers.

So rather than just go, hey, I'll copy this blanket.

Why don't you instead consider our next niche

which is the Manga niche.

Look at how this is trending massively up now.

If you don't know what Manga is,

it's Japanese comic book art.

I noticed that this trend was going way up when I came

to redbubble to check out what the current

top selling t-shirts were.

And I'm struck by how much Manga

and Japanese culture-inspired t-shirts there were.

It's easily one of the most prevalent niches on here.

And so in addition to thinking, man

I really want these t-shirts for myself

because I am a massive gig.

I also thought, okay, I wonder

if Google trends will reflect this. And it does.

It is trending right up.

So you know. Rather than just copying this blanket

innervate and cross niche offer a customizable blanket

in the Manga and anime style, which you can get on fiverr.

Now you get to appeal to anime and Manga

who also adore your pets.

There is a double emotional whammy to make them go, man

I love Manga and I love my pet.

I must have this blanket.

The more customize a product is to your customer's

interests. The more they're willing to pay for it.

So you can charge even higher prices. But while not all of

you watching will be as geeky and nerdy as me and the

into anime and manga. Changes are pretty significant amount

of you appropriately interested in the investing niche.

Since this is a channel dedicated to making money after all.

I do know my audience and right now, interest

in Bitcoin and the stock market is soaring.

And frankly, it doesn't take a genius to figure

out why this niche is so hot right now.

There is tons of money to be made in it.

I know because I've personally made a lot of money investing

in this past year.

When all of the investment markets crashed

when COVID-19 hit, it made for an amazing opportunity

if you bought stocks at the very bottom, like I did.

You made a lot of money in the rebound and

people have obviously this and being like, hey,

maybe I should get in on that as well.

So, how can you make money off of this niche outside of

you know, actually investing yourself?

Well, while clever products like

this t-shirt will still sell.

It's not really a niche that is easy to make money off of

with eCommerce.

Instead the best way to start an online content business

and create content like blog posts or YouTube videos related

to investing and take advantage

of high profit affiliate programs for investment apps.

Like Webull, an app that lets you buy stocks.

For influencers who've registered with the

Webull affiliate program. Each time someone registers

for an account through their link, they get a random stock.

And if somebody here selected Plan B,

each time someone registers

for a Webull account and deposits a hundred dollars.

They get a random stock with between

30 to 1,400 dollars.

It should come as no surprise then.

That top investment YouTube is like Graham Steven

and Meet Kevin link to Webull in every single one

of the video descriptions.

It's an amazing deal.

Everyone who reaches us through one

of their links gets four free stock.

So it's a no brainer for the viewers to sign up

through them. And since both them have chosen Plan B,

they get a free random stock value between

30 to 1,400 dollars.

Each time someone signs up, not a bad hustle.

If I do say so myself and speaking of influences.

The Tiktok niche has experienced a meteoric rise to

say the least. When I was in scope,

if you've asked my friends what they wanted to be, most

of them would have said they wanted to be a TV star. But now

if you polled a high school class, chances are

they'd want to be a TikTok star.

And actually, that might surprise you. But there are

opportunities to make money in this niche for all sorts

of different types of online businesses. In the eCommerce

niche this year, for example, these moonlights

went super viral for drop shippers because

they became very trendy in TikTok videos.

So selling products relating to TikTok trends

can be very lucrative.

And of course, any sort of content

discussing how to go viral on TikTok.

It's also going to be super popular.

So if you happen to make a TikTok video that goes super

viral. Be sure to also make a YouTube video about why

your TikTok video went viral so that you can double dip

on your success and make even more money.

So then, the next niche on our list is an evergreen niche

that has been popular and will always be popular.

Birthdays.

This is believe it or not one of the most popular niches

to start a t-shirt business.

And that's because there are tons of potential opportunities

on here.

See, take this t-shirt. Which the creator is selling

and making money for free with using

the merch by Amazon print on demand program.

Well, as we can see by using the Amazon sales estimator

app JungleScout. This is a very popular t-shirt.

Parents love buying this t-shirt for the sons to wear

at the birthday party.

But you see,

That's not the best part about this t-shirt.

Nope.

That's not the best part because you see, in addition

to this t-shirt, the person who made that t-shirt also

made this t-shirt and they made this t-shirt and they made

this t-shirt and they made this t-shirt here.

And so now the whole family can buy matching t-shirts

to all wear together at the birthday party.

And so, this is one

of the best aspects of the birthday niche.

Not only are all of these t-shirts insanely the popular

but they also encourage upsells and cross-sells.

If you're looking to start your own t-shirt line,

researching high profit t-shirt designs

like this one can help you come up with your own ideas too.

I teach my techniques to do this

inside my premium eCommerce training program,

the econ clubhouse. If you're interested in seeing

if my course is right for you, I'll have a link to it

in the video description below.

And actually this t-shirt design was also super successful

for another reason.

And that is that, it is a cross niche design

which is when you combine two niches together

and the other niche they combined it together with is this.

The family niche.

Yep. T-shirts aimed at specific family members

such as mothers, fathers, aunts, uncles

or grandparents are some of the most popular

in the t-shirt space and have the highest sales.

Such as this simple text-based print on-demand t-shirt here

that made over 10,000 dollars on Etsy

in the past eight months.

Why? Well, because people are buying it for the Nana's. So,

if you're interested in the t-shirt, definitely think

about how to take advantage of the family niche.

Alrighty. Now back to the next super popular niche

for this year and this time both eCommerce businesses

and digital content businesses

like affiliate marketers can take advantage

of it. Straight with, for those

of you that don't know what streetwear clothing is.

Here are some popular influencers on Instagram

for it to show you what styles of clothing it includes.

Streetwear is particular style

of clothing that came about in the 1990s.

It was first inspired by mixing New York hip hop fashion

with California's surfscape culture

with eventually Japanese street fashion, getting thrown

into the mix too. Creating its own style.

In Google trends, you can see that

compared to the past five years

there has been a massive upward trend

for this clothing niche.

So how can you make money with it?

Well, obviously you can sell it in an online store.

It's one of the most popular niches

for AliExpress drop shippers.

And it's also something that you can create yourself

with print on-demand.

So, for example,

Printful here that you create what is called an all

over print hoodie. Which unlike the standard hoodies

which only lets you usually print a picture on the front

and back. Will instead allow you to create a design

which goes all over the hoodie.

This is extremely trendy within the streetwear niche.

and all over print hoodie sell for a premium price.

And if you're on the affiliate space, there are lots

of affiliate programs for streetwear clothing.

So for example, the streetwear clothing store here

has the affiliate program that pays up to 10% commission.

So, if you had a streetwear fashion blog,

you could link back to the different items featured

in your outfits here so that

people can go buy them while you also get a commission too.

All right, the time has come. Niche number 10

on this list is

whatever you are passionate about.

Yes. The question I'm often asked is this, Sarah

just tell me what's the best niche to start

my business in it.

Usually the answer I give is this.

Pick a niche that you like.

And here's why.

Most people think that the way to success in business

is to copy. They go how can I research someone else's

successful business and copy it.

But you know what?

Chances are if you just try to copy someone else's business

or product. Then your copy is probably going to be a poor

imitation.

Plus, think about it.

If you go copy someone else's product or business,

chances are their product or business already has a bunch of

happy customers.

And why would they then go switch to buying

from that business and brand that they trust

to your brand new business or brand that has no Goodwill.

Instead successes as Elon Musk puts it.

Is doing what Henry Ford did.

Taking something that exists and innovating

on it to make it even better.

Which is why these days I only design products

around niches that I'm interested in

because it allows me to follow a very simple, yet effective

formula.

So let's say, for example,

with the business that you were trying to

create was you wanted to open a redbubble t-shirt store

and you were trying to think

of t-shirt designs that you could make and sell.

Well, let's also say that you're interested in baking.

So what you can do is you can come and do a search

for baking t-shirts and then with all of these results

rather than saying, okay, what designs can I copy?

You instead scroll through these and you ask yourself, okay

what t-shirt design would I,

as someone who is extremely interested and passionate

in baking liked to buy that no one else has made yet

on redbubble. Because you yourself, the target market.

It makes it much easier for you to identify gaps

in the marketplace and find products that are missing

that you can make and sell yourself.

So when you're doing product research

rather than looking at these and thinking

how can I copy these top selling designs and sit

scroll through these and look for t-shirts that don't exist.

That you can make yourself, that you would want to buy

and you see designs, they may inspire you.

You may say this and go, yes, this vintage distress style.

That's what I want as part of my new design.

And that's absolutely fine.

It's absolutely fine to get inspiration

from other top selling designs. But,

if you truly want to be successful in business. Instead

of just looking to copy, use it inspiration to innovate.

And so, even if the niches that you are

personally interested in aren't as lucrative as the other

niches on this list.

You'll usually make more money by focusing on them anyway.

Because you understand how to innovate

and improve on the products that already exist in it.

Since you yourself are the top customer

and you therefore know exactly what new products

your target customers would want, but don't have.

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And I'll see you over there.