What are the Most Profitable Niches

Top 5 to start with

It’s tough to decide on a niche, and many people would always tell you to choose one that you are genuinely interested in. While these people undoubtedly have good intentions, following your heart is not always the best move. You could be passionate about “cleaning dog poop, “ for example, but is there a profitable market for it? Probably not. If you want to make a decent income online, you have to choose a niche market with a lot of earning potential. Once you have discovered it, put your heart in it, and the money will soon follow.

If you are new to Internet marketing, then knowing what the most profitable niches are would certainly help you make a good decision when it comes to choosing the market you are going to tap. There are so many possible niches you could choose from and as a newbie, you might be overwhelmed with all the choices available. Getting an idea of which markets are very lucrative can give you a head start in your new endeavor.

Here are the top five most profitable markets right now:

Insurance

The insurance niche is the most profitable today; there is a high demand for insurance products, and insurance companies would pay top dollar for every single click.

Attorney/Lawyer

Attorneys offering their services online face very stiff competition and in order to bring in more clients, they invest a lot of money in advertising.

Finance (Debt)

Many people go to the Internet to apply for loans or get information on how to get out of debt. This market is huge, and tapping a segment of it (loan, debt help, mortgage, etc) is an excellent idea. 

Employment

Every day, countless people go online to search for jobs. If you have a website that can help people find employment, then you are off to a great start.

Relationships

One of the most important aspects of people’s lives are the relationships they keep, and a niche on dating, marriage, or family is certainly very profitable considering the money people are willing to spend to make their relationships work.

Take note however that because these are highly profitable niches, you might have to deal with very stiff competition if you tap into any one of them. There are lots of big players in these niches so be prepared for a hard battle ahead. It would help if you dig deeper into these topics using a keyword analysis tool so that you can find keywords with significantly lesser competition because you will fare better in those keywords considering that you still have to build a site and optimize it to get a good amount of organic traffic. It would be a mistake to fight against the top players who have already set up strong authority sites and also have the money to invest in them. Once you have acquired the necessary marketing skills, then, by all means, challenge the big guys.

Also, check out the article on 10 Best-Selling Most Popular Niches to Make Money Online by  BRIAN EDMONDSON