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7 Profitable Niche Ideas for Affiliate Marketing

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October 12, 2020

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What is Affiliate Marketing?

You have seen examples of affiliate marketing on your social media feed. Affiliate marketing allows you to receive a commission for promoting products. There are plenty of reasons to consider this practice. For starters, it provides a great source of passive income. It allows you to work from home and requires investing less time than a regular 9-5 job. Possibilities for profit are endless, as earnings are performance-based.

The latest reports show that the affiliate marketing industry is worth $12 billion. Its growth is only presumed to continue with unimaginable speed. The spendings are bound to have a 10% annual increase. The remarkable fact is that affiliate marketing is catching up with email marketing. It appears that affiliate marketing will assume the leading role in the next couple of years. In less than a year, search interest for affiliate marketing grew by a massive 44%. Considering these facts, involvement in affiliate marketing seems profitable. In line with the increase, some of the top affiliate marketers are making 6 figures. Yet, at the early stages, affiliate marketing is more likely to provide passive income. With proper effort, time, and tips, affiliate marketing can become a way to make a living.

Guidelines to Follow

If you want to enter the world of affiliate marketing, there are some helpful guidelines. Firstly, when choosing a niche, PPC bids as a successful indicator of profitability. If a particular area has low advertisement investment or volume, it will limit your reach. In addition, the keyword search helps when deciding if a certain niche is a good opportunity. In other words, If the search brings you to major brands` websites, it might be very difficult for you to profit. However, if small blogs are the first-page search results, there is a fair amount of space to enter the niche. When choosing, investigate the inbound links of high ranking websites. These can help you determine whether you can reach their numbers. Finally, it is crucial to have various affiliate opportunities and advertiser demand. Placing all your eggs in one basket puts you at risk of losing your profit.

Profitable niches

Now that we covered the basics of choosing the right niche for affiliate marketing, let`s list a few profitable areas:

• web hosting
• dog healthcare
• cryptocurrency
• movies and music
• marketing technology (MarTech)
• jewelry

Web hosting

Web hosting is a growing online industry as its service market size is skyrocketing. Consequently, it is expected to reach the amazing amount of $183.18 billion in 6 years. Likewise, the average commission rate in the industry is around $100 per sale. Thus, it is a lucrative niche for an aspiring affiliate marketer. Thousands of website owners and bloggers make a living through affiliation with web hosting. Yet, you should not simply go for the highest commission rate. You should choose a service that is reliable, user friendly, and known for its quality. Making a wise choice will help maximize your profit. Subsequently, you should become affiliated with Kinsta, WP Engine, Cloudways, Bluehost, etc.

Dog healthcare

If you are a dog owner, you know that the best quality care is a priority. In the US, around $72.56 billion is dedicated to pets. Thus, this industry offers a wide range of options. Such a willingness to spend money on canine friends offers a massive opportunity. Yet, an aspiring marketer should decide upon a more specific area and focus on a micro-niche. You can consider dog-related technology, equipment, traveling, medications, local vets, or insurance programs. For instance, you should look into Dog Med Laser, Pet Wellbeing, Natural Wonder Pets, Whistle, etc.

Cryptocurrency

Cryptocurrency represents a lucrative business with a revenue of $237.1 billion in 2019. Meanwhile, consider that this business area is still in its infant stage. A considerable amount of people are yet to invest in the crypto market. Thus, its profitability is almost certain. Most affiliate programs require marketing a specific exchange. However, there are two other possibilities: marketing crypto mining hardware or cryptocurrency courses. Advertisements promoting ICO`s, crypto, and binary options are officially banned from Facebook. On the other hand, other social media platforms offer a wider market space. Twitter provides a fruitful ground for the cryptocurrency exchanges. It offers a thriving crypto-community with knowledge of investment. Reviews, Youtube videos, and educational sites are very successful. Just ensure you include high-quality content. If interested, you should focus on hardware that fits well with a specific currency. Affiliation with A-Ads, Abra or AvaTrade can be a great starting point.

Movies and music

Can you imagine your day without listening to your favorite tunes or watching a movie/TV show? Neither can millions of people across the globe. Movies and music are the most consumed media products in modern-day society. Consequently, you might want to establish a music/movie review blog. In addition, sharing your opinion on social media or YouTube is recommended. If you have a peculiar music taste, you should start a streaming service. It will allow you to share songs or mixtapes produced by various artists. To avoid unnecessary complications, ensure your site is protected by the DMCA claim.

MarTech

In the world where technology is advancing by the minute, AI is entering every aspect of the business, including marketing. As a result, Marketing Technologies (MarTech) is used to set up, run, and measure marketing campaigns. There are over 50 000 different apps, with the most popular being Hubspot and MailChimp. With a predicted growth from $15.6 billion in 2019 to $25.1 billion in 2023, MarTech is a niche to enter. Around 20% of marketing organizations are increasing the MarTech budgets in 2020. Sharing insightful videos, articles, webinars, or product reviews is the best way to start. If choosing this area, ClickFunnels, PipeDrive, SellerLabs, FastSpring, etc. provide great affiliate programs.

Jewelry

Jewelry is crucial in enhancing one`s style and expressing one’s personality.  Thus, jewelry is a considerable aspect of the fashion industry. It can be profitable without involving other fashion areas. An aspiring affiliate marketer should consider jewelry, due to its high popularity. On an annual basis, affiliate sales account for 30% of the $300 billion revenue. High jewelry prices ensure that lower commission rates turn profitable. Great affiliate partners in this area are 7 Charming Sister, Its Hot, Gemware, etc. The best part is that you do not need a jewelry dedicated website. As long as you feature relevant content and an effective funnel, you will receive your commission rates.

Reasons to Choose Affiliate Marketing

Looking for an extra income? Tired of your regular job? Want to work from the comfort of your own home? Desire a flexible working schedule? Affiliate marketing is the perfect opportunity for you. All it requires is some decent research skill, passion, time, and hard work, yet it can pay off incredibly well. Even if you are uncertain, it is worth giving it a fair shot.