 Eight niche market examples with untapped business potential, updated. Hey guys, have you ever heard of saying Jack of all trades master of none? Well, that's what happens if you don't have a good niche, okay? You're not good at any of them. So you really need to master one thing. And in this video, I'm gonna show you eight niches that you have got to check out because there's so much money to be made and it's not that hard to do. At the end of this video, you're gonna have that information. You're gonna have the ability to attack one of those markets and make a bunch of money. So let's get going. Hey, if you haven't subscribed so far, make sure you hit that subscribe button down there. Don't forget to do that. Turn it from red to gray and don't forget to ring the bell. Turn on all bell notifications so you're notified each and every time I do a new video or I go live. Don't forget to give me a thumbs up in this video, okay? It helps the algorithm. I would really appreciate it. So let's check them out. What are these eight niches, okay? I'm excited to share them with you. Before we get too deep into this though, let's talk about what a niche is, okay? I don't wanna not define that before I give you a niche and you don't know what it is. A niche is nothing more than a particular market, an area of interest, okay? So each niche can be broken down into more and more different categories, okay? So let's say you are selling shoes, okay? So that's a really broad niche shoes, okay? And then you break it down to women, okay? So we break it down to women. And then we break it down to women who do athletic type things. So now we're talking about athletic shoes. So we could break it down even further and say women who have athletic shoes who are between the age of 18 and 24 because that style is gonna be a lot more different than a 65-year-old woman who's into athletics, okay? So what we wanna do is keep breaking down that niche to where it's very specific. And that way you're gonna call out those customers and you're gonna get more sales. The first category is conscious customers. Now according to a survey done by IBM, six out of 10 consumers said they would change their spending habits based on their conscious consumerism. And what does that mean? That means that maybe they wanna go vegan. Maybe they wanna go without chemicals in their household and use all natural. Maybe they're into all organic. But these conscious consumers are a huge niche in the market right now. And what I'd like to do is show you a few examples now of companies that are going after that niche. Let's check out the first one here, which is Bees Wrap, okay? They're looking to replace plastic wrap with options made from beeswax. This is a natural alternative to food storage and it's not only environmentally friendly, but it's also more cost-effective for consumers because it's reusable. They can use it over and over again. More niche products ideas would be like reusable drinking straws, cruelty-free cosmetics, vegan-friendly apparel, and products of the same. Vegan-friendly apparel and other light products. Let's check out our next category now. Number two is health and wellness. Now, this is a category that's been big forever. I mean, it's been big forever, but it's even gotten bigger. So let's check it out. Now, in 2020, health and wellness reached a 3.31 trillion dollar sales, which is huge. But if you think about it in 2020, you know some things happen. There were people that were a little concerned about germs and health and their wellness and all that, but it also goes into their spirituality too. So let's check out an example of somebody who has targeted this health and wellness and what they did. We're gonna look at happiness abscissa. Let's go check it out now. Okay, so they found their place in health and wellness niche through selling scents. Its products contain specific combination of scents that improve your state of wellbeing and happiness. Each scent is developed by a neurologist, wow, and packaged in a soap 10 candle or perfume customers can enjoy anytime they need a lift, okay? Pretty cool stuff. The product opportunities of this niche are endless food and beverage and personal beauty, skincare, immunity, digital products like eBooks recipes. Even though you don't have to be an expert to start a business in this niche, it's really a good idea to team up with a professional to develop safe products for your consumers. There's everything from melatonin infused gummies to, you know, mushroom infused coffees to all kinds of stuff that work in this niche. Number three, pet owners. Oh my gosh, pet owners. My wife has a channel on YouTube. You can check it out. It's the Furry Family Coach. But her name is Jessica Elfisher, so you can check that out. But the pet area is huge guys. In 2020 alone, there was $99 billion sold for pet owners. That's a huge market and it's growing and growing and growing. And the way we actually look at our animals now and the way we did 20, 30, 50 years ago is hugely different. They are family members now. They are family members to almost all of us. We look at them differently in the United States. Not so much in third world countries, but in the US, we've kind of figured that out that they're probably one of the most helpful things for our health and wellness and mental stability is to have a good animal around. So we wanna take care of them and we wanna treat them like a family member. Now, check out this site, Only Natural Pet. Only Natural Pet is a great niche business example of this market. It sells everything including natural food, flea and tick repellent, outdoor gear, toys, beds and much more. A pet owner can come into its website and find anything they need for their pup. While most people own fish, your dogs or cats, there's also unique pets like horses, lizards, turtles, even chickens. Each come with their own potential opportunities. And keep in mind, there's also a lot of ancillary products like pet cameras to check on your animals. I know we have them to check on our animals. Photos that are customized onto t-shirts and hats and the such, organic food for your pet. There's so many areas that you could sell in the pet arena. Number four, travelers. Travelers are huge. Wasn't so much in 2020. However, now it's coming back and it's coming back real strong and people are looking for more economical ways to travel, something that doesn't use up as much energy, that type of thing. But travel industry is huge right now guys and there's so many ancillary products you can sell to this industry. Let's check out this site now called Nomadic. Let's run over there real quick. It's a luggage brand geared towards travelers, especially digital nomads, which I know a bunch of those people who prioritize functionality. You can see this audience focus represented across the entire business from its product to its copywriting. There's all kinds of products including say smartphone accessories and technology that help you be more productive while on the road, athletic clothing that's more comfortable. I know when I was a kid it was a big thing. If somebody went on a flight they got all dressed up to go on a flight. It's not the case anymore, okay. People want to be more comfortable. They even have things like scratch maps for people to keep track of all the places that they visited. So there's a lot of different products you could sell to this market. The next category I want to talk about is home owners. This category has changed dramatically over the years. It's not what it used to be, but it creates a heck of an opportunity for somebody who wants to make some money. Now, as you can see from this chart right here, home ownership's been all over the place. It looks like its peak was in 2005 and that was right before the 2008 bubble, right, where everybody lost their home. And then it was at its low. It looks like around 2015, 2016, but you can see the increase now. The definition of being a homeowner is also changing. Homes are increasingly turned into investment properties or shared spaces that generate additional passive income thanks to companies like Airbnb or VRBO. That paved a way for August to launch its own line of keyless entry and home security products for homeowners. One of the main features is guest access, allowing hosts to grant access to renters for specified time periods. So here's their site right here. Here's their site right here, August. And it has an explanation of how their product works. It says smart locks are an upgrade to existing door lock and have added features such as keyless entry, guest access and automatic lock and unlock features. Now, there's so many other products you can sell to homeowners. It can be security cameras. It could be no drill blinds that go into a home to customize it. All kinds of things that people are using maybe to rent out their home where they didn't do that before. So this is also a huge market. The next area I wanna tell you about is work from home. Work from home's amazing. I'm able to do it, my wife's able to do it. And when polled, 80% of companies said that they're gonna let their employees work from home at least part of the time. And a lot of those companies said 47% that said that full time they could work from home because they understand it's actually to their benefit. If they can get the same work done, they don't have to supply a desk and a computer and lighting and air conditioning and all those things and office rental for an employee they're gonna actually save money. Now this next site is pretty cool because I work in coffee shops and I'm always out in them, working on my computer and so forth. But this place here took it a step further. This is called Freelancer at Work. And it's an example of a company serving this niche market of freelancers with products that can help attract potential clients. They sell laptop decals that advertise what you do wherever you choose to work from. That's a pretty cool idea. Keeping these remote workers' motivations and lifestyles in mind can help you identify product ideas and help them and the companies that employ them achieve their goals. Now there's so many other products that could be toys for your desk, that could be stuff like that, that could be decor for the home, that could be supplies that help you work in a coffee shop. Maybe it's a stand for the computer or your phone or whatever. There's so many different items you can sell to these people who actually work from home or a coffee shop. The next category is locals. Yeah, locals. A lot of big businesses are actually focusing on locals now. People who are self-identifying in their town. Now I know we're moving to Texas soon and we're gonna be at Austin. Austin's a huge tech town and people wanna identify. All kinds of sayings on hats and shirts and whatever, posters, wall hangings that have to do with Austin are hugely popular. So are they for San Diego and Los Angeles? People are actually wanting to self-identify with their town now so you can sell products for locals. Now, here's another cool thing. A lot of people may not live in the town they wanna live in, but they wanna represent that town so you can sell to them too. And number eight, the last one I wanna tell you about is people who are self-sufficient. Self-sufficient people. Now we own a company called Survival Cave Food been in existence for over 10 years and we certainly do sell to people who wanna be self-sufficient. We sell survival food and those people wanna have food in case an emergency comes up, they have a food supply and they don't have to worry about it. That's another area that you could get into and hey, if you wanna sell Survival Cave Food check out our site right there, Survival Cave Food and you could maybe become a retailer of our products too. So there you have it, eight niches that you can make a lot of money in starting right now. I hope you enjoyed this video. If you got something out of it, give me a comment below, let me know what you thought of it. Maybe you have a question about starting your business. I've sold millions of dollars of both digital and physical products online. I'll be happy to help you out and answer any questions you may have or maybe you had some success that you just wanna tell the rest of us about. We would love to hear it. Put it in that comment section below. Thank you so much for watching this video. Don't forget to subscribe, hit that big subscribe button down there. Don't forget to what? Ring the bell. Turn on all bell notifications so you're notified each and every time I do a new video and upload it or I go live, which I do often. Give me a thumbs up if you don't mind it really helps the YouTube algorithm and I also, I have a prize for you and that prize is a course below. It's a $97 value course. You can get absolutely free for a limited time so hurry up and do it. There's a link below, you can grab that. 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