A lot of people were asking, “Where can I make a lot of money?” In the last few years, many professionals had sought out other ways to make money without having to do exhausting 9-5 work every single day. From social media to blogging, and other content creation methods that can provide a stream of income online.
Affiliate marketing is one the founded jewel of the crown of many digital nomads nowadays. With inexpensive entry costs, affiliate marketers can already potentially receive a profitable return on investment (ROI). Affiliate marketing stuck around as one of the most attractive revenue streams for publishers to flourish their audience and monetize their channel.
One of the key components to success in affiliate marketing hinges on niches. With the right niche, you can hit the gold in no time.
Catch a glimpse of the world’s most profitable niches in the affiliate marketing space!
Online Education
There has never been an immense demand for online education more than today. When the pandemic hit the world, the online education niche has seen 30% growth.
Perhaps, it is because people were stuck inside their homes, without anything to do. Hence, they began paying quite a lot of attention to online education opportunities.
Individuals can now access online courses around the world conforming to their interests, reference, level of complexity, and in various languages.
As Coronavirus emerged in 2020, the market is about $8 billion. By 2027, the online education market is expected to outstretch up to $53 billion, thriving at a compound annual growth rate of about 30% throughout 2021-2027. Under this category lies self-improvement survival.
From a product like this, you might want to look at something that is a politically hot topic, or divisive. For instance, a Trump coin was released in 2020. This is a physical product.
Those who buy this coin can be identified as a pro-Trump. On the other hand, those who don’t may feel like they are anti-Trump. Their emotions were targeted. And so, citizens buy Trump coins driven by the thought of support
This is the catch. If you want to push through offers like this, it is crucial to mention some sort of a political hot topic such as immigration, tax reform, and one of the biggest rights now is critical race theory (CRT) in schools.
These topics are very conservative, very concerned. Hence, if your product is playing on these fears, it’s most likely to convert remarkably.
Return on investment (ROI) right now in this vertical is insane because the conversions are inflated.
Electronic Business
People today want to have another stream of income where they don’t need to commute every day, and they have a lot of time. For that reason, they are jumping right into online side hustles, which they think would allow them to live a life where they could work anywhere and anytime, they want.
This category is really in high demand. However, you have to be careful in choosing a product in this category because you might encounter some difficulties, which we are going to tackle later on.
Without being affected by this niche’s high price point of about $1000-$3000+, the Electronic Business category got the drift of 17.2% growth every year.
You have to spot profitable “money-making” online products.
There are many people online who want to make money but don’t work really hard, so they run to subscriptions that can make their work easier. Look at this Human Synthesys product for example.
This is a good money-making product. For example, you are creating digital content like video tutorials. Through this product, there will be no need for you to hire voice actors that cost hundreds, or even thousands of dollars. It can convert your texts into audio.
If you need a professional spoke person to the videos you are creating, this product can potentially open bankable opportunities for you.
Human Synthesys is a lower ticket product that is vital to today’s digital world we live in. Electronic businesses such as this are blazing.
Health and Fitness
There’s no doubt that this category is the most successful and largest affiliate marketing niche out in the market.
People are always thinking of a way to avoid diseases and improve health, and the pandemic made us realize how important this category is, so expect that this niche is going to skyrocket in the future times.
Health & Wellness sits at an evergreen affiliate marketing vertical because of individuals who are eager to test up new products that will boost their overall health. This notion makes the products under its category relatively easy to sell.
However, because of the massiveness of this vertical, the competition is backbreaking, so tyros should wend their way to a narrower sub-category like weight loss, beauty, wellness, and fitness.
This vertical has seen 72% growth per year so there’s a huge opportunity to make huge margins under this niche.
The most profitable product to sell under Health & Fitness is supplements.
Supplements give high average order value when they are sold via video sales letters. The digital offering gets a whole average order value playing around more or less than $60, and the overall average order value for supplements funnels is about $200 to $250.
Perhaps, the reason why Health & Fitness is the most profitable business in the affiliate marketing space is that you could promote it anywhere you want. To promote supplements, it is good to use video sales letters (VSL) because they open up more traffic sources, and they convert better than other products in the market.
Again, this affiliate marketing category is so broad, so you have a very large pool of products to pull from. Thus, you will have a wider net to make more money.
Making Lucrative Returns on Your Niche
A high-ticket webinar masterclass-style launch helps in driving people to the product you’re promoting.
Let’s say you create an exclusively free webinar, and you look for people who are interested to join. During the course, you would give them valuable information about the area you are talking about. At the end of the course, you can offer them a bigger offering in the end.
Or it could also be done on a podcast. You tell your story about the product, and by the end of rhetoric, you could do co-sponsored content.
If you want to be successful in the high-ticket side of this business, you need to make a strategic game plan.
The most well-grounded affiliate marketing niches in lucrativeness aren’t limited to any particular period or season. This is why they are referred to as evergreen niches.
By choosing the niches in our ranking above, you will be able to run an extensive affiliate marketing campaign because it is very unlikely for you to face difficulties with the affiliate vertical of your liking in the years to come.
The idea of earning while sleeping like Bill Gates is absolutely great.
However, this kind of way of life can’t be achieved overnight. To get passive income, you first need to work your fingers to the bone.
The affiliate marketing industry is getting saturated, and marketers don’t even put much hope into it. In fact, there are only less than 10% of affiliates that drive over 90% of conversions.
The good news is, finding the “right niche” can help you boost your revenue.
Regardless of whether you already built an affiliate network, or just preparing to create one, these niches could help you have a breakthrough in this industry.
