Wednesday, August 29, 2012

5 Profitable Niche Markets

The art of finding a niche is one of the key ingredients to really making it in online selling. It is true that beginner sellers are much more successful when they appeal to a very small market rather than trying to appeal to everyone.
Finding a niche isn't always easy - it takes time and persistence to find the right product to sell. I read an article from Salehoo which gives you 5 inspiring product niche ideas. While some niche ideas might seem abstract to new sellers, that is exactly what a great niche is - very precise and seemingly difficult to source.
Niche Item #1: Heart Rate Monitors
These are used by athletes, those that spend much time in the gym, or by people who need to closely watch their heart rate.
Why they are an exciting niche item:
  • They have a 75% success rate on eBay (75% of all monitors listed on eBay in the last three months sold!)
  • They are lightweight and easy to ship and store
  • One size fits all
Niche Item #2: Plus Size Maternity Wear
Another plus-size item with huge success on eBay
It's a profitable niche because:
  • Maternity and baby gear always works because people are always going to have babies, so you'll never run out of customers!
  • Clothing items are easy to ship as they light and not fragile.
Niche Item #3: Plus Size Shoes
Many big-foot's out there find it very difficult to find shoes that will fit them comfortably from regular retail stores.
Why they are a super niche item:
  • While these are commonly made by popular shoe makers, stores often order only a handful of pairs in larger sizes, which means that more and more, our big-footed friends must turn to buying online to get what they need.
  • They have a high success rate on eBay (women's size 11 sell at 61.9% and men's size 14 at 75%
  • Both men and women alike can require plus size shoes (Hot tip: women's size 11+ high heels could make a great little niche)
Niche Item #4: Antique Clocks
Another great collectible item
They are a first-rate niche because:
  • You'll appeal to both collectors and home decorators
  • They have an eBay success rate of over 67%
  • You can often pick these up very cheaply from flea markets and yard sales, then sell them on to make a profit
Niche items really are the way to go for newbie sellers and there are so many out there to keep you interested and best of all, make you money!
Niche Item #5: Military Insignia
Collectibles always make great niches and you can dig really deep to find the best ones. They are also perfect for people who are interested in them - you'll find it much easier and much more rewarding when you sell something you enjoy. To really niche it up, go for US military insignia from the Vietnam War which is big on eBay.
Why military insignia makes an excellent niche:
  • It rarely dates or goes out of fashion
  • There are so many sub-niches to discover like Russian war medals and World War 2 helmets.
I suggest you look into these areas if you are considering profitable online niches. Please feel free to comment about your level and methods of success. Thanks!
As a side note, if you are looking for companies that supply these items, I recommend joining Salehoo. For more information, check out their site...Salehoo



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