Want to find the best affiliate marketing niche to start your affiliate marketing business? Follow this guide and you can easily find a niche market in which you will earn easy income. Before going into the niches, let’s see some basics of affiliate marketing for beginners sake.
What is Affiliate Marketing?
Affiliate marketing is an arrangement in which you promote other people’s (company’s) product and get a commission when someone buys the product through your reference.
For the seller, it is considered as an amount invested for advertisement. In exchange for advertising their products, you get a certain amount of the sale as a commission. So the affiliate is actually an advertiser.
How does Affiliate Marketing Work?
If you have a website, blog, YouTube channel, etc., You can produce and publish content about the products you like and when people see your content and make up their mind to buy the products, they will click the referral link which you provide, go to the product website and buy the product.
The referral links will be unique to every individual marketer and will be connected to a tracking system which will tell the product seller that the buyer bought the product through your reference and you will automatically receive a part of the sale as an affiliate commission.
Affiliate Marketing Salary
Many people think that affiliate marketing is a way to earn passive income. It could be so, if you’re only interested in a passive income.
But let me tell you, if you pick the right niche for affiliate marketing, you could run a business much profitable, such that becomes your main source of income.
Affiliate income is paid by the seller or the affiliate platform to the affiliate, usually once a month or once in 15 days. You might have to earn a certain amount such as $100 minimum to get the income to your account. When you do it right and you will earn much more than a hundred dollars.
What is an Affiliate Marketing Niche?
So, let’s first address the Elephant in the room, What’s an affiliate marketing niche?
To start an affiliate business you need to target a specific market that you can easily promote which is called ‘Niche Market’. A niche market is a subset of a larger market. It helps is channelizing your marketing efforts to appeal to a specific group of buyers.
For example, Women’s sports shoes is a niche market on a much larger shoe market. It can be hierarchically represented as,
Shoes –> Sports Shoes —> Women’s Sports Shoes
Why do I Need to Pick an Affiliate Marketing Niche?
Affiliate marketing is basically like advising someone. People take advice from someone who have established themselves as an authority on a specific topic. Even if you are an authority on one topic doesn’t mean the same about totally unrelated topic.
Establishing yourself as an authority on a large general market like a shoe market will not be easy. But if you are a Sports Person or at least if you’re a Jogger you can recommend a sports shoe because you have some knowledge on the topic.
Even Google recognizes this concept of authority and the websites which establish themselves as authorities on specific topics are ranked higher on their search results for the respective keywords.
How to Find the Best Niche for Affiliate Marketing?
There are some basic steps with which you can find a niche to start your affiliate marketing business.
Step 1: Shortlist the Interesting Niches
The basic thing about starting an affiliate marketing business is that it you should have a lot of knowledge and insight on your niche.
Even if you don’t have a lot of knowledge on the niche, it should be a niche where in the least you have the desire to gain knowledge and insight.
In simple words, the niche should first be interesting to you. If you are choosing a niche just for the sake of money, you will not be successful on a longer run.
For example, the person who does not even drive a car should not pick a niche such as cars, racing gears, and other automobile related niches.
When you go based on interest there could be many niches. Note down all these niches and can filter them on the next steps.
Step 2: Find the Merchant Offering the Affiliate Programs on the Niches
Now you have to search for the best affiliate programs in the niches which you have shortlisted. The person or company offering the affiliate program is called a merchant. If a niche doesn’t have a good affiliate program then there is no affiliate business on the niche.
If there are many merchants with different affiliate programs, now you have to filter the unappealing ones. If there are multi-tier affiliate programs give first preference to them.
Also, the percentage of commission given is very important. There is not much benefit in a 10% affiliate program for a $10 eBook.
In this step, note down all the merchants, the deals, and the products which you find interesting. We can filter them on the next few steps.
Affiliate Marketing – Amazon
Amazon has a good affiliate program for ecommerce related affiliate business. It gives you a lot of options to choose from because there are many niche markets within Amazon from which you can choose a niche best suited for you.
You can easily create an Amazon affiliate website with WordPress.
Step 3: Find the Product Trends
In this step and the next we are going to find the best niches which will get the most visibility and are easy to rank on Google. You can use Google free tools such as Google Trends and Google Keyword Planner for this purpose.
In Google trends, you can compare the trends of different topics which are search on Google. In the image below, you can see that I’ve compared 2 topics ‘Mobile phone’ and ‘Laptop’.
You can see the big difference in their trends, which means that so many people are searching about mobile phones on Google compares to laptops. There are lots of openings on the topic ‘Mobilephones’ which you can write about.
Step 4: Find the Best Keywords Related to the Products
Then you can use Google Keyword planner to find the best keywords to write content which are related to some products with the best affiliate programs.
The keywords can be like “iPhone X review” or “Best budget phones of 2020” and other topics through which you can bring traffic into your website.
You need to find the topic with good traffic and low competition. This is just for the beginning. When you gain more authority you can go for keywords which are more competitive.
Choosing the Platform and Content for the Affiliate Niche
You need different types of content for various niche markets. You need to find the best platform and the type of content which is specific to the niche.
For example, if you are going to review mobilephones the best content to put is video content on YouTube on titles such as “iPhone X vs iPhone XS” or “iPhone X Vs Samsung Galaxy speed test”
If you are going to do a book review a simple blog post is adequate. Could be on your website or on a blogging platform such as Medium.com. It could have titles like “Gone Girl – Book Review” or “The Alchemist – Summary”
For other niches you may need to create websites like a review website, feature comparison site, price comparison site. peer review site and other related websites.
See this article to create a review website with WordPress.
Best Affiliate Marketing Niches – 2020
We give you the list of best niches for affiliate marketing in 2020. You can do your research from the niches in this list and find your dream niche.
Evergreen Niche Markets
They are called Evergreen Niche because they are very lucrative and are always profitable. They are namely Health, Wealth and Romance. If you can join an affiliate program on any of niche you can always get income without having to worry too much about the market trends.
Health Niches – products covering fitness, fat loss, health improvement and much more.
Wealth Niches – includes money making ideas like internet marketing, jobs and employment, lottery, gambling, affiliate marketing, multi-level marketing, business opportunities and more.
Romance Niches – it includes online dating, finding a husband / wife, getting your ex back and many more.
Hobbies and Activities
Hobbies and activities are things of passion and so there is a large audience online for products and events. Sports, travel and other activities are in this category . So you can cover expensive sports activities like golf, sailing, fishing, travel, hunting. For travels there are expensive holidays, cruises, safaris, world trip and more.
High Paying Niches
Rather than focusing son small products if you focus on a very expensive product you can earn the same money on a single sale to what you earn on hundreds of sales on small products.
This category would includes expensive goods such as watches, handbags, jewelry, etc., and also expensive services such as loans, private jet charter, yacht rentals and more.
There is no end of affiliate products and niches. You can promote both digital and physical in many of these niches. You could create an affiliate website, write blog article, get subscribers and refer sales. Find the niche you like and start creating content!