Not sure what to sell online? Online Retailers are finding out that niche product markets have less competition, lower advertising costs, better profit margins and provide plenty of customer traffic to sustain a solid online business. In fact, when you uncover an untapped niche market YOU can literally become the “go-to” store for that product online.
One of the best ways to find a product is to look more closely at niche markets. Niche markets will open greater opportunities for you than if you choose something based on your personal interests or what you’re capable of producing yourself. Choosing a great niche market will make you a lot of money too.
Recommended for: people who have a niche skill (such as graphic design, software development and so on)
How much can you earn: depends on the service you offer – but generally, niche services like graphic design and software development pay considerably better)
Start-up costs: none!
If you have a niche skill then there likely is a specialized website that focuses specifically on that niche; these types of sites are created to help connect buyers with service providers in an easier way.
For example, if you’re a designer (whether it’s websites, logos or even book covers), then join a site like 99Designs to sell your services.