I’ve built my skillsets starting niche companies. My latest, Boston Throne Chairs, LLC is as niched as it gets, renting throne chairs to events. If you are looking to start a business and don’t know where to start, this article, 5 Most Profitable Niche Areas (With Examples), will help you with identifying profitable niche fields.
#1 HEALTH & FITNESS
Here are some examples of for these niches:
- Nutrition for busy new moms
- Hair loss restoration for post- menopausal women
- Yoga for moms with newborns
- Weight loss for disabled seniors citizens
- Online training for busy students who have part time job
#2 WEALTH & MONEY
Example:
- Personal finance for newlyweds
- Investing for young professionals
- Stocks classes for women
- Cryptocurrency learning for financial advisors
#3 SELF-IMPROVEMENT
Example:
- Self-development for self-employed business executives
- Getting rid of the fear for people with specific phobias
- Skillset development for stay at home mom looking to get back into the workforce
#4 RELATIONSHIPS & DATING
Example:
- Dating advice for business executives who are single parents
- Advice on dealing with breakups
- Divorce Consultant to women over 50 going through divorce
- Dating profile consultant for retired men tech executives
#5 HOBBIES & INTERESTS
Example:
- Fashion for a big and tall men who play golf
- Lifestyle design for homeowners with swimming pools
- Beauty tips for women transitioning
The more defined your niche is, the better you’ll be able to reach your target market. When I first started Boston Throne Chairs, I truly had no clue what my target market was. Everything was new and I didn’t now how to access resources. I collected data on every customer and determined my market: Event planners. That fall under #5 above, Hobbies and Interests. I was able to create a solid marketing plan to grow my business.