Today I will talk to you about choosing profitable niches for your affiliate marketing campaigns. Niche marketing involves the art of defining your particular niche and marketing your product or services to this niche. Many business owners view the idea of niche marketing as a strategy that will cut their profit margin or limit their sales, but the truth is, having a well-defined niche can give your business more power, especially if the niche has enough demand and money in it.
The key here is to find something that people are willing to pay for. If there’s no market for what you have to offer, then why would anyone want to buy from you? You need to know how much value your products provide before you start selling them.
The profitable niche for affiliate marketing simply means that it is one where you can expect people to spend money, and therefore, you will have an easier time generating conversions and commissions for yourself.
To help you get off to a great start though, here are tips for you to put to practice in your niche marketing right away.
Tip #1: Choose Evergreen Profitable Niches or Ones Where People Spend Money
Some niches are not lucrative. You could be the top niche marketer, but you still won’t achieve the financial goals you aim for online. With research, you can find out if the market is hot and if there’s enough of an audience to sell to.
Evergreen niches are great because it means they will be around forever. It also means that you don’t have to worry about putting a ton of time and effort into building a massive authority website only to see your niche go away. This often happens in fads or trends…For example, if you choose a niche too focused like iPhone 12 downloads…then your website will be out of date within a short period of time and all your efforts will have been a waste.
The weight loss niche is an example of an evergreen niche and includes sub-niches such as diets and weight loss, vegetarian diets and recipes, exercises and more.
Major markets that deal with relationships, health, technology, hobbies and interests, or physical appearance have near-endless sub-niches to be explored and are definitely VERY profitable because people are desperate for solutions to their problems and people are also willing to pay big money for hobbies and interests.
Many of the trend sites can be used to research niches.
- Google Trends
Browse site directories as well to see how many people are interested in certain niches.
- Yahoo! Directory
Some sites provide insight into what people search for or buy the most.
Yahoo! Buzz Index
Don’t forget affiliate websites such as Commission Junction. These sites often tell you what’s hot and what’s not. That way, you don’t have to do so much research to find a most profitable niche for affiliate marketing.
Tip #2: Know Your Audience
Knowing the niche you’ve chosen is a lucrative one isn’t the only way to succeed, you also need to know who you’re selling to. Researching the type of people that are most interested in the niche you’ve chosen can help you tailor your marketing to them.
For example, if you know that the audience most likely to buy from you enjoys playing online games, you may want to create a PPC campaign targeting gamers. By bringing in the gaming interest into your ads, you’ll spark their curiosity in what you’re offering.
You can learn about your audience by using the many different tools online. One of the most popular ones is Survey Monkey Basic, which allows you to create surveys for people on your email list or web visitors. You can also use BizStats, which gives you consumer information for different industries.
Tip #3: Market Online in a Variety of Ways
If you’re running a PPC campaign, don’t just focus on that type of marketing. You may want to do banner ads on major websites, native ads, videos, social media ads and email marketing as well. The more marketing channels you have, the more attention you receive from different sources. This can help you determine which marketing tactics work the best, so you can re-adjust your marketing over time.
It’s important to note that some types of advertising aren’t effective at every stage of the sales funnel. If you’re trying to sell products directly to consumers, then direct response campaigns might be better than other forms of advertising.
Tip #4: Test, Adjust, and Re-Test
Niche marketing strategist Kevin Bramlett encourages marketers always to test out different marketing tactics, adjust, and then re-test. He believes this is the best way for marketers to be successful in selling their products and services because they discover exactly how to target their audience effectively.
For example, if you’ve been running a PPC campaign targeting gamers, you may need to adjust the text on your ad, if you receive more clicks, that’s great. If you don’t, adjust the text again, and monitor its effects.
This process helps you figure out whether certain keywords bring in higher click rates, and it lets you see what works and doesn’t work when it comes to your marketing strategy. It also makes sure you’re spending your budget wisely.
Once you’ve determined the right combination of marketing strategies, you should start promoting your product/service.
Tip #5: Keep Costs Low
Advertising is important, but don’t spend all of your money on it. You can implement low-cost marketing strategies along with more expensive ones to save on business costs.
A lower-cost strategy is content marketing. Creating informative content for your website, social media networks and for publishing on websites your target audience frequents can greatly help increase the traffic your site receives.
Another option is to promote your brand via paid search. While this method isn’t free, it does allow you to reach potential customers without having to pay upfront.
The final option is SEO. Search engine optimization involves improving the ranking of your page within Google, Bing, Yahoo!, etc. so that users find your pages easily. There are several ways to improve your rankings, such as creating high-quality backlinks, writing unique titles and descriptions, optimizing images, and adding relevant tags.
These can all be done without a massive bankroll.
Now that You Know How to Choose Profitable Niches, it’s Time to Start Niche Marketing Like a Pro
Now that you know the five tips for successful niche marketing, start your online business today. Remember, start with researching a niche, and then research the audience for that niche. You’ll then need to start advertising the niche to its audience, and start to do tests, adjust and re-test. As an overall rule, keep an eye on your costs. As you start bringing in money, you’ll be able to adjust your budget to allow you to spend more money on marketing where it’s worked out the best.
Inside the Powerhouse Affiliate Forum, you can ask the community any questions you have. You can also get full access to our campaign action plans which will take you far beyond just choosing your profitable niche! We expose multiple traffic strategies, live campaigns, and in-depth training. Visit the Affiliate Forum to get more details on our membership benefits.
So, What are my Favorite Niches as an Affiliate?
I have had huge success in diet and weight loss, dating advice, security software, anti-aging, watching TV online, and a few others. One of the best ways for me to find the most profitable affiliate niches is simply looking at the affiliate networks I work with and seeing what offers they have. Then, I ask my affiliate manager for a list of the top 10 or 20 offers. This is a great way to find top niches to start building your campaign around.