3 Most Profitable Niches to Start an Online Business (2023)

Hey everyone. If you want to start an online store or business but you don't know which niche you should focus on. I'm going to tell you the top 10 most lucrative niches that you can get into this year and give you examples of ways that you can start an online business to make money in these niches as well. 

              

Pets

Now here is the first big money making niche for this year is “Pets”. This is a great niche to make money online in whether you want to open an online e-commerce business like a Redbubble store or a digital content business like a blog or a YouTube channel or an Affiliate website. The pet niche especially cats and dogs is super ridiculously hot right now and making tons of money and you know that this is a super hot money-making niche because of the ads on different social media platforms like Facebook etc. The ads have been running from the past couple of years and is now hot niche in COVID. If this niche is making money so we could be pretty certain that these ads are turning a profit. 

One of the most important things to keep in mind if you want to start your own business, the number one reason why anybody buys anything impulsively is because of emotion impulsive buying is triggered by strong positive emotions if a product makes you feel a strong positive emotion that is what causes you to snap by it and what would cause a strong surge in positive emotions things you genuinely love and there isn't much more in life that we genuinely love than our pets so pets have always been a top money-making niche and will forever always be a top money-making niche but especially right now in 2021 due to COVID. 

People ended up adopting pets in record numbers due to staying at home instead of traveling with me obviously being an example of one of those people pets will continue to be strong as people want a furry friend to keep them company at home which is why then it shouldn't be a surprise if you come to google trends you'll see that cats are trending up and dogs are also trending up now these trends are not as drastic as some of the other niches on this list but that's because interest in dogs and cats has already been super strong pre-covered and so any bump in demand there is very significant and of course there are so many different ways that you can make money online when it comes to pets if you have an ecommerce business obviously. 

                                         

You've got tons of options to sell pet related products take Etsy. Some of the top selling print on demand t-shirts are related to pets same on AliExpress. People are always buying stuff for the pets making it a top drop shipping niche you can made over hundred thousand dollars with affiliate marketing

Customize Mugs

The next niche is about mugs. We see the thing about mugs while they work great as upsells and with free traffic. If you're running paid ads like Facebook ads directly to the mugs themselves, it is extremely difficult to turn a profit with paid ads like Facebook ads and it's not because the mugs themselves are super expensive.

This niche is exploding right now personalization people love having products personalized to themselves which is another reason why the printed mug has sold so well. These mug is a part of the personalization niche which is a big reason why the conversions were much higher than industry average for it too but this isn't the only personalize able item doing well with Facebook ads tons are this customizable Christmas ornament was a huge seller and went viral in these mug. Here where you can have a photo of your baby and their name on it is one of the top selling products on Etsy.

For example, in Printful a mug is one of their cheaper items starting at 8.95 but while the store will definitely be sourcing in mugs for a lower price than this no matter what shipping for mugs is not cheap.

For example, on Printful it costs 6.99 to ship a mug in the USA compared to just 3.99 to ship a t-shirt and the reason for that is because mugs are heavy and they're bulky a mug like this has to be shipped in a box whereas if you compare it to something like a t-shirt instead well a t-shirt can be folded to fit inside a small plastic bag and yet somehow even after having a small margin after their production cost shipping costs and Facebook ad costs they are still making a profit which means that we know that this mug has to be converting super well and that they're getting really high conversions which keeps their advertising costs well below industry average.

Online Gaming

The next super-hot niche for 2021 is gaming. Gaming are experiencing exponential growth because people not only really love playing games and enjoy them it is have a way to have fun with friends without needing to meet them in person and to see this exponential growth in action check out google trends interest in this hobby is massively trending outputs so how can you take advantage of this niche and make money well. So, I'll tell you now starting a YouTube channel in the mobile. Gaming niche is super lucrative mobile game companies will also pay you huge amounts of money to directly sponsor videos too so if the gaming niche interests you consider starting a channel focused on mobile games rather than just creating another mine craft YouTube channel.

There are tons of ways for all sorts of online businesses if you're in the world of e-commerce, you've got lots of different items that you can sell for example clever video game print on-demand t-shirts sell great on Redbubble and obviously there are tons of accessories that you can sell right now quirky computer mice with interesting lights and features are selling really well for drop shippers and mobile games like raid shadow legends have some of the highest paying affiliate programs out there with huge epics.