How To Find A Niche Business Idea

I dearest business ideas. And even more than that, I beloved niche business ideas!

I, of course, was able to quit my total-time job over a year ago and become a business owner considering of the niche business that I had built. (I created small keyword-targeted websites).

However, since and so I have both launched and observed several other profitable niche businesses.

I now accept a software concern, WordPress plugin and theme, and as of yesterday, I also accept an iPhone app business organization!

So, I certainly have some experience in a few different areas, but I am also aware of other niche business ideas that people are trying out…and some are quite successful.

But obviously, some things that worked a couple of years agone may non exist as proficient an opportunity today.

Overall, I want to dive into the question: what's working right now?

To start off, I'grand going to listing the top niche business ideas that are "hot" right now. These are each a niche idea that people are talking about, trying, and pursuing.

This past no ways is an indication of what will make you most successful. These merely announced to be cracking business ideas that people are trying most right at present.

If you have a unique online business thought that's not listed here, even better! The unique business ideas that people are non trying can often have the well-nigh upside potential.

Now, to clarify, the types of ideas on this list had to meet some very specific criteria. I am not looking at all small business ideas as a whole.

For the well-nigh part, I am concerned with the niche business organization ideas that could be started by ONE person and could all be done online.

So, in reality, these are minor internet-based and eCommerce business ideas. These tend to be successful business ideas that are relatively easy to become started, equally far as minor business concern ideas go.

And keep in listen: in that location is no one perfect business organisation thought. What is the all-time niche business idea for one person may non work for another, and that'south fine.

And so, here is a list of the meridian Niche Business concern Ideas…

Contents

• Best Home Based Niche Business Ideas
  • i. Small Niche Sites
  • 2. Blogging (or "Authority" Sites) Business Ideas
  • 3. Vlogging as a Niche Business organization
  • iv. Unique Business concern Thought: iPhone Apps
  • 5. Kindle eBooks Online Business Idea
  • vi. Software development as a Niche Concern
  • 7. Selling Information Products as an Online Business
  • viii. Start a Coaching or Consulting Business
• All-time Ecommerce Concern Ideas
  • 9. Sell On Amazon FBA
  • 10. Get Started in the Dropshipping Niche
• Best Side Business organisation Ideas & Best Businesses To Start With Little Money
  • 11. Freelance Services as a Niche Concern
  • 12. Sell Sneakers
  • xiii. Resell Concert Tickets
  • 14. Retail Arbitrage
• Best Startup Ideas & Best Entrepreneur Business Ideas
  • 15. Make it Easy To Admission Information
  • 16. Build An App
  • 17. Improve An Existing Product
  • 18. Build A Browser Extension
  • nineteen. Connect Buyers and Sellers for a Niche Product or Service
• Best Niche Business Ideas Conclusion

Best Home Based Niche Business Ideas

Here are the top x best niche business ideas:

1. Pocket-sized Niche Sites
2. Blogging
3. Vlogging
4. iPhone Apps
5. Kindle eBooks
6. Software Development
7. Data Products
8. Coaching/Consulting
9. Amazon FBA
10. Dropshipping

Let's dive into the total listing of the 16 best niche business ideas with full descriptions and more.

1. Small Niche Sites

Building small niche sites is how I was able to build a nice income for myself and quit my job. I still call back this is a nifty business model.

Even with all the changes that Google has fabricated recently with the Panda and Penguin updates, there is still plenty of money to be made here.

In fact, I still accept sites that I built years ago that are bringing in a squeamish passive income.

But the heart of this niche business thought is still the same.

Find a keyword that has at to the lowest degree 1,000 exact-match searches a month and has depression competition in Google. Build a site around that keyword and rank in Google or other search engines.

Then you can make coin when visitors click your ads or buy affiliate products.

I will say that you lot can indeed still make coin with these small niche sites tailored to a specific niche audience, but information technology'south less "hot" than it was years ago.

Google is making it more difficult (but far from incommunicable) to rank, and there is also a lot more people building these types of sites than in that location used to be. So its very competitive.

If y'all desire to learn how to create small niche sites, check out how I made a site bringing in $3k per month in a year.

Blogging has been a cracking online business organization idea for a long time.

But guess what? It's even so a great venture!

I've been able to practice quite well with my blog here at NichePursuits.com.

In addition, I am in the process of edifice a big "authority site" (simply a large blog really) exterior of the internet marketing niche. I hope to build information technology into a viable business organisation over the next twelvemonth.

(I actually wrote a 15-page guide sharing the exact strategy and plans I will exist using to build this branded site, I discuss how you can become information technology here). LINK

Essentially, the thought is to build a big brand or at least a site that is looked to equally a destination location in your niche.

Rather than relying solely on search engine traffic, the idea is to build upwards an audience that volition continue coming back for your take on whatsoever subject yous are covering.

Now search engine traffic is nonetheless a big function of this, and yous will still desire to target lots of longtail keywords in your posts, but this is very different from small niche sites that essentially target one keyword.

If you are passionate nearly a detail subject, then blogging could be a great fashion to go!

The potential to earn a six-figure income is definitely there equally many others have shown already.

Some of the ways you lot can make money include:

• Advertising
• Affiliate marketing
• Creating your ain products
• Doing joint ventures

If you're interested in this route, bank check out this mail service on how to start a web log. It gives you step by stride instructions on starting and growing your own.

Interesting in learning more about blogging and affiliate marketing?  Consider trying the Authorization Hacker Authority Site Organization here.

3. Vlogging as a Niche Business

In the same way that you'd show your authority with blogging, you lot tin get into vlogging. An ever-popular form of online business ideas, vlogging doesn't seem like it will ever become away.

Vlogging is brusque for "video blogging." So you lot can share the same information y'all would through a blog, simply in an interesting-to-picket style.

Whatever cognition you lot accept, you can share through videos. And people eat videos more than e'er.

So if yous're a skilled presenter (or you lot're willing to get better), you can create a niche vlogging business.

Here are the steps to go started:

1. Pick a niche (something you lot're passionate and knowledgable well-nigh)
2. Make up one's mind on your source(s) of income (more on those below)
3. Create high-quality content (no fluff, just the facts presented in an interesting way)
4. Stay consistent (one of the most of import aspects of content marketing)

So how practice yous make coin with a vlogging business organization?

Here are the nearly common income streams for vloggers:

If you lot want to get into this niche business idea, check out our in-depth starter guide for vlogging.

iv. Unique Business Idea: iPhone Apps

With the popularity of the iPhone and Android phones over the past several years, mobile phone apps every bit a business is a very existent possibility.

Many entrepreneurs accept hit information technology large with iPhone apps already. In fact, I've interviewed a couple of them recently on my podcast: Benny Hsu and Pat Flynn.

And of form, I have been documenting my procedure of building my ain iPhone app.

The depict of this business organisation is that for a couple thousand dollars (sometimes), you tin can completely outsource the creation of your app. All you practise is come up upwards with the idea, rent a developer, and manage the entire procedure.

The reality is that more than and more people are using mobile phones and so the market is a fast-growing i. Aye, it's a competitive market, but there is even so plenty of room for original ideas and useful apps.

I plan on working on additional iPhone apps in the futurity because I think at that place is a lot of potential here.

5. Kindle eBooks Online Business Idea

This is 1 of those niche business organization ideas that's growing in "hotness" right now. Apparently, it's very like shooting fish in a barrel to do. And making coin here has huge passive income potential.

When I start heard most publishing Kindle ebooks, I idea people were trying to write best-sellers and essentially becoming a full-fourth dimension author.

Simply after doing some research, I found that some people are substantially treating this opportunity like small niche sites in a manner.

Substantially, they are finding a niche topic to write about — ordinarily in the non-fiction category. This could be annihilation from cooking, gardening, or a how-to guide.

Basically, they write a short book (often less than 50 pages), effectively title the book, so upload it to Amazon.

People observe the book by doing searches right on Amazon and their volume shows up that targets the niche topic extremely well.

Kindle ebooks are normally priced in the $0.99 to $4.99 range, so each sale won't bring in very much, but the thought to accept lots of books.

If you tin can accept a dozen books that each make 5 or 10 sales a twenty-four hour period, and then it actually starts to add up.

If you lot want to learn more, cheque out how I wrote a Kindle volume that was making over $100 per solar day.

6. Software development equally a Niche Concern

Developing a niche piece of software may seem daunting, just the reality is that you can outsource the programming portion of it.

I own Long Tail Pro, simply I'grand not a programmer. This slice of software has done very well for me, and so I would exist leaving out a great small business idea that I am personally familiar with if I didn't mention software development.

The great role nearly owning a software business is that the return on investment can be very high.

If you are able to come with a small piece of software, you lot can often have it outsourced and developed for only a couple thousand dollars (bigger ideas can cost much much more of grade).

Once it's adult, you can sell the production over and once again — at that place is no marginal cost for selling an boosted unit of measurement — information technology's essentially all profit.

Then, if you tin call back of a niche market that might exist able to use a simple piece of software, don't permit the fact that you are not a developer scare y'all off! You might have the opportunity at a great business.

vii. Selling Information Products as an Online Business

People selling eBooks or other information products on the internet has become so popular, that in that location is fifty-fifty a name for it: infopreneur.

I take to admit that some of the people selling eBooks or other data products in the cyberspace marketing infinite can be pretty shady. Many of them rightfully go a bad rap.

However, there are as well A LOT of great products out there that are aught more than an ebook, video recording, or audio recording.

Many millionaires have been made past selling data products.

Of form, if y'all accept an existing audience perhaps through your own blog or authority site, then selling an info-product will exist much easier, simply it can also be done in other ways, like with an online store.

You tin can form a joint venture with someone with an audience, pay to electronic mail someone'southward list, or pay for advertising.

Even if you are non an adept in your field, y'all can create an information product by interviewing experts, paying experts to write content for you, or in many other ways.

These good interviews or other data can be combined into a series of podcasts, an online course, video tutorials, an online membership site, or a basic eBook.

Lots of different formats exist in which you lot can sell information, but the central is to provide true value and find a willing audition.

Definitely ane of the more mutual niche business ideas, but still promising. This is one of the best small business ideas out in that location.

8. First a Coaching or Consulting Business

Usually, a coaching business does best if it's paired with, say, blogging, vlogging, or information products (more on those beneath).

But it doesn't have to exist.

Either way, a coaching business can exist one of the most profitable business ideas, especially if you lot've had success in a certain area. In fact, you probably shouldn't beginning a coaching business unless you have expertise in something.

Typically, coaching sessions are high-ticket sales, pregnant you can charge a lot for each session. Your charging based on your value, not your time.

In 2018, Forbes wrote about the booming coaching business.

"Without question, the demand for business coaching is extensive and growing very rapidly," they said. "The opportunities for high-caliber business coaches of all stripes are probably better than ever. This leads to business coaches beingness able to charge respectfully more for their expertise."

Hither are some basic tips for getting started:

In that location's obviously a lot more than to information technology. So if you want to launch your ain coaching business, ConvertKit has a helpful post to aid you lot go started.

Best Ecommerce Business Ideas

Have you always dreamed of running a product empire? Ever started salivating when someone talks about their dropshipping income? (Don't worry, we all accept).

Here are a couple of the ideas in the eCommerce niche that can work for you.

9. Sell On Amazon FBA

Amazon FBA is a powerful style to wealth and I used it to build and sell a business for $425,000. FBA works like dropshipping.

Instead of sending products to your own warehouse or sending them to the customer, you lot transport the products to Amazon.

Amazon lists these products on their website. They handle storage, transportation, all of the selling procedure, some role of collecting reviews, and even some of the returns.

You'll lose a bit more of the profits to fees, but you get to put your detail on Amazon'south massive marketplace.

I used to sell several items on FBA, merely accept gotten out of the business with my last leave. I think starting an FBA business is an awesome idea and that there's a ton of potential there.

If you'd like to larn more about Amazon FBA, you tin read how to become started and how I sold $40,639 worth of product in 30 days.

10. Become Started in the Dropshipping Niche

Dropshipping is the powerful culling to Amazon FBA.

If you're dropshipping, there's a niggling more legwork involved, but you get to keep more of the profits.

Dropshipping is an eCommerce business idea where you lot set upward an eCommerce store with listed products.

Those products haven't been made nonetheless, so you lot don't have to pay for an inventory. You don't have to pay for warehousing costs either.

When a client purchases a product, the supplier makes it and sends it to your customer. This works all-time when selling a niche production rather than something people can get anywhere.

Since there's almost no barrier to entry, these businesses take quite a bit of competition.

And unless yous have a platform on social media or a website, you're going to accept to drive traffic by purchasing ads.

This can touch your already-thin margins.

If y'all're going into dropshipping, I'd recommend being extra conscientious with niche pick.

If you want to read more about dropshipping and learn how to practice it well, check out this podcast from Joe and Mike Brusca who are making $30k per month profit.

Best Side Concern Ideas & All-time Businesses To Commencement With Lilliputian Money

There is an incredible amount of power in doing life on your own terms. Peradventure you want to escape the boss, maybe you lot desire to build a little side income.

We're all about that side hustle life. That'due south how I started earlier I became a total-time entrepreneur.

Here are some ideas for you lot that accept little to no startup costs.

11. Freelance Services equally a Niche Business organization

This may be less passive in nature, but doing freelance work tin be a great way to bring money in the door.

You can offer your freelance services by writing (article writer, ghostwriter, copywriter), programming, blueprint work, proofreading and editing, Fiverr gigs, and much more than.

With the appearance of freelance sites such as FreeeUp (y'all can mind to the founder Nathan Hirsch on the podcast), yous tin can often find work doing some sort of unique task that can perhaps exist your first official business.

Sure, you are yet trading time for money essentially, merely information technology might be better than having a full-time boss!

I used this tactic to "stair-step" my manner into the business organization world. I started by building a simple website for an accountant, reinvested that money into my business, and here we are.

This is a great way to build a side income or wean yourself off of your job's income. Recommended for those who wish to be escape artists.

12. Sell Sneakers

Alright, hear me out. Yous might have never known that sneaker reselling was an industry, but it is.

In fact, it's a monster industry. Like, the $1 billion kind of manufacture.

Here'south how it works: sometimes, shoe brands similar Nike or Adidas release special, limited edition shoes. If you pick the right pair of shoes, you can flip those shoes for a profit.

Even all-time, y'all tin can do all of information technology from your home.

We have a full guide on reselling shoes hither.

13. Resell Concert Tickets

This one works like selling shoes.

Concert tickets are released, but mayhap someone doesn't have the coin to purchase them at the time. You can buy these tickets and so after resell them for a profit.

Yous don't even have to stand outside of the stadium to flip your tickets. You can practise it all from the comfort of your bed.

Click here to read our guide on reselling concert tickets.

14. Retail Arbitrage

Retail arbitrage is the act of buying something (online or in-store) and then selling it online for a turn a profit.

This could be anything! There are tons of people who have found amazing deals on clothes, books, toys, games, tools, and more.

There are lots of places where you tin can begin your retail arbitrage side income.

You tin can visit yard sales. You tin spend a lot of time virtually the clearance rack in vesture stores.

You could store in Goodwill, Salvation Army, or like stores that just desire to go their products off the shelves.

In one case you take your items, you can list them on eBay or Amazon.

This is i of the means I fabricated my first few dollars online. You tin can click here to read how to get started with retail arbitrage.

Best Startup Ideas & All-time Entrepreneur Business organisation Ideas

If y'all know that you lot take a good startup thought inside of y'all, in that location is a whole world of opportunities available.

If y'all have the entrepreneurial crawling and want to achieve something difficult with your life, then in that location is no limit to what you lot tin reach.

Hither are a few ideas that you might find useful.

fifteen. Make It Easy To Admission Data

This one is pretty broad, so permit me explicate.

People dear convenient things. Microwaves, credit cards, buttons to plow on our cars while nosotros're still in the living room.

If you tin can make it easier for someone to admission information, that is something that people will pay y'all for.

This is the master need that websites like this one solve: Niche Pursuits makes it easier to admission information.

This tin can have whatsoever form! You tin run a website, have an app, write a volume, outset a publishing company, open a consulting service, or create a research tool for people in your niche.

Whenever you lot make something faster, you lot assistance the world alive with a petty bit less struggle.

16. Build An App

If making it easy to access data isn't your game, how about the realm of apps?

Apps brand the world get round in the 21st century.

Yous can build a fun game, a non fun game (howdy, Disharmonism of Clans), or make it easy for someone to practise something.

I tried to break into this field with an iPhone app but I ran into issues with Google.

Only this doesn't hateful that y'all can't practise it. There are tons of people who make a killing with apps. I interviewed one who wanted to go by the proper noun of Justin.

17. Improve An Existing Product

This is the heart of entrepreneurship. Information technology's difficult to brand a new product. Information technology's near impossible to predict what people are going to want before they want information technology.

But making an existing production idea better, faster, safer, smarter, easier to use, or more useful?

Well, that's not likewise hard.

If yous've e'er said "Wow, I wish this was easier to use," then you've found a potential entrepreneurial opportunity.

Or maybe you lot've said, "How do you utilise this thing?"

That too is the phone call of entrepreneurship.

People who wish for an easier life or clearer instructions volition about always pay y'all to get them. If you lot can improve something that already exists, you almost always have an existing market.

18. Build A Browser Extension

I like this idea because it works on mobile, desktop, and tablet.

This will take the form of some kind of software, merely it could be virtually anything.

Right now on my browser, I have LastPass to store my passwords, Hunter.io to give me email addresses from websites, the Ahrefs toolbar to give me data on websites, and an ad blocker.

Ask yourself this: what would brand information technology easier to browse the cyberspace?

Maybe it's something to give you all of your social media notifications while yous're browsing. Maybe it's an automatic electronic mail checker or an easy "Publish to Facebook/Twitter/Pinterest/Reddit" push.

Whatever it is, brand information technology something that can improve someone'due south life. If you do that, y'all can't fail.

Want to read more, see how I built a chrome extension hither.

19. Connect Buyers and Sellers for a Niche Product or Service

Some of the nigh successful companies have just continued buyers and sellers. They create a marketplace for ownership and offering services or products.

Think Amazon, Airbnb, Fiverr, and then many others.

These companies take created websites that attract both the buyers and the sellers, then help mediate the process.

So what niche service can you create a marketplace for?

Y'all could connect…

Writers with companies who need content. Parents with daycares. Music teachers with those who want to acquire an instrument.

It comes downward to this: what trouble tin you solve? What service accept y'all needed in the by that was hard to discover?

FYI, this is 1 of those niche business concern ideas that may cost some upfront money to pay a website and/or app developer.

Best Niche Business Ideas Determination

Then in that location yous accept information technology, 16 cracking niche business ideas to choose from. Some of these are clearly working meliorate than others right at present, and maybe they are not all for you.

However, perchance reading through some of these sparked a niche business organisation idea that you can and then take and create something completely original on your own.

Running a profitable business is entirely up to you.

Are in that location other niche business ideas that are working well for you correct at present that I didn't mention?

If then, I would love to hear about them…let me know! I look forward to reading any comments or questions that you have beneath.

Source: https://www.nichepursuits.com/top-niche-business-ideas/

Posted by: mccoyprideaught47.blogspot.com

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