10 Multi-Billion Dollar Niches That Are Prime For The Taking

Choosing a niche is one of the most difficult things a beginner marketer or business owner can do.

Unless you happen to be highly interested in a topic that already generates billions of dollars a year in revenue, a lot of negative thoughts and self-doubt are going to be running through your mind.

To help you work through the process, I’m going to break down 10 different niches and industries that are worth billions of dollars in revenue every year.

Each of these industries have smaller subsets of niches inside of them that are lower competition and easy for beginners to jump into.

When you’re choosing a niche to target, remember that you don’t have to take over the entire industry. Doing that, especially with a minimal budget, is almost impossible.

Instead, focus on trying to take over 1% of the market.

When you see how much money a simple 1% of a billion dollar market is worth, you can start to wrap your mind around how easy it really is to accomplish. Grabbing 1% of a market when you’re focused on quality really isn’t hard to do, even in some highly competitive industries.

There is one disclaimer I want to lay out for you, though. That is for you to not be lazy and take the information I’ve given you here and attempt to run with it.

You have to remember that thousands of people are going to see this information, and many of them are simply going to take what I’ve said, and attempt to start building a website or business around it. That dramatically increases the competition.

Instead of being lazy, take the information I’m giving you to develop your mindset, learn how to spot profitable markets, discover exactly who you’re trying to sell to, and then take everything you’ve learned to uncover your own smaller niches inside of each of these industries -- or even inside of industries you already have a passion for.

#1 - Nootropics & Brain Supplements

The brain supplement and nootropics industry isn’t just worth billions. It’s actually worth trillions. More than $1 trillion is spent on brain supplements every year, making it one of the largest industries that you’ll see on this list -- and for good reasons.

If you’re unfamiliar with nootropics, they are supplements that people are taking to increase their brain’s sharpness, their energy levels, and help them focus whenever their basic nutrition isn’t doing enough for them.

One of the best reasons marketers are loving this industry is because every person that spends money on nootropics and brain supplements are emotionally attached to the outcome.

When people are spending with their emotions, rather than logic, they tend to spend a lot more money than they would otherwise. You can see that result in the massive $1 trillion market worth.

When you begin doing keyword research, you may notice that the term ‘nootropic’ doesn’t get searched for nearly as often as the actual nootropics themselves.

That’s why you’ll have to perform intense research to uncover new drugs that you can target on your website.

To get your keyword research started, here are a few suggested results from Google:

As time goes on and more people learn about the benefits of nootropics, new niches are beginning to open up. The trends are rapidly rising, with people not only looking for nootropic supplements, but also alternatives to the drugs themselves.

People that are searching for nootropic supplements may also be interested in their personal health and wellness, psychology, effective stress management, and hearing successful and motivational stories from other people that are using the drugs.

That means you can explore other niches inside of the industry like nootropic alternatives, other smart drugs and brain supplements, enhancing your cognitive abilities, memory and brain function tests and games, and other brain exercises.

With the huge industry being opened up over the last 10 years, there are numerous authorities that you can piggyback off of to promote your new brand. Look at them as your friends and colleagues, rather than competitors, and you’ll see new doors start to open.

The industry also allows you to choose your business model.

You can promote affiliate products through Amazon, create your own information products that are designed to help people get more out of their nootropics, or develop your own line of drugs to sell on your website.

People’s biggest emotional drivers in this industry are based on how well they perform under stress, increasing their memory capacity and their level of focus, enhancing their mood, overcoming fatigue, becoming more logical and creative, and helping to increase their confidence.

#2 - Smartphone Apps

Nearly every adult in the western world has a smartphone within arm’s reach 24 hours a day, 7 days per week, 365 days a year. The advent of the smartphone has literally changed the way we access the world, and has opened up brand new marketers for savvy business owners to break into.

Smartphones have made it incredibly easy for a brand new market to rise up, with people spending more than $143 billion in it every single year.

That market is mobile apps and games.

This is a bit different than many of the other industries that we’re going to cover, because it doesn’t necessarily fall in line with selling on the Fulfillment By Amazon platform.

If you want to get into this industry, you’re either going to need to develop an app that people want to use, or you’re going to need to become an affiliate, helping people learn about new apps and games that they can use to enhance their smartphones and their lives.

To get your keyword research started, here are a few suggested results from Google:

When you get started doing keyword research, you’re going to uncover two different markets. The first is people who are actually looking to develop apps themselves, and the second will be from people who are looking for specific types of apps.

We’re going to focus on the second, for now.

People that are interested in downloading new apps for their phones may also be interested in online gaming, smartphones, electronic devices, technology conferences, seminars, Android, Apple, and Kindle.

In the technology space, there are literally hundreds of thousands of different websites that you can use to promote your brand, so growing a website in this industry should be fairly easy to do as long as you clearly define your goals and work with people