Affiliate marketing is a type of marketing in which the affiliates of a company bring in customers or visitors to that business and receive a commission for their marketing efforts. This type of marketing saw massive growth in the 2010s and has been proven to be one of the best and most effective ways to earn money online.
Recent predictions forecast that by 2022, affiliate marketing will be worth more than $8 billion, nearly double what it was worth in 2015. Not all affiliate marketing niches are created equal, however, but with a solid team and a hefty budget, you too might be able to hack it in the most lucrative and competitive niches.
Health and wellness affiliate categories have consistently stayed in the top three most profitable affiliate marketing niches for years. People will always be interested in their health, the niche will never go out of style, and moreover, people spend big money on the promise of getting thin.
The challenge here is the sheer number of competitors. Everyone is looking for a piece of the action and the winner is the one who can move the fastest with current trends, diets, and new weight loss supplements that come on the market. The good news is, however, that you can expect to rake in around $200,000 to $500,000 per month.
What it takes to succeed in the Weight Loss Niche
A small, boutique-style site can be achieved with a team of around 5 people and a $10,000 monthly budget. The key to success here is frequent guest posting and resource outreach, neatly balancing commercial and informational products.
CBD is an incredibly lucrative market and is expected to become a $20 billion-dollar industry by the end of 2020. If you’re somehow able to rank #1 for the biggest keywords in this niche, you can expect to see about $1 million per month in affiliate commissions.
Huge potential, still a wait and see
One of the reasons for the astronomical growth of this niche is the current lack of regulation in the CBD market. Savvy entrepreneurs are finding great success in both the affiliate marketing and direct distribution of CBD products.
What it takes to succeed in the CBD Niche
Becoming a top-ranked affiliate marketer of CBD is no easy task. In order to compete in this formidable niche, you’ll need a substantial link-building budget. The vast majority of profitable sites spend a minimum of 5-figures each month just to maintain existing links.
In the last decade or so, online gambling has soared in popularity and revenue. The accessibility of online casinos has taken gambling from a high-stakes, professionals-only club to a fun (and profitable) activity that even casual players can enjoy.
In a new world of social distancing and stay-at-home orders, iGaming and online casino gaming has never been bigger. There are a ton of great affiliate programs in this niche as well with generous commissions too.
The best casino gaming affiliate websites offer in-depth, high-quality reviews on the best online casinos out there while offering exclusive bonuses to entice customers, free spins, the most useful information about where and how to play.
It doesn’t hurt when your affiliate programs operate with casinos offering beautifully-designed games, great customer service, and lots of great deals. The growth potential here is enormous. The online casino industry is projected to be worth more than $90 billion by 2024.
What it takes to succeed in the Casino Niche
The answer here is easy: pure ambition. Profitable casino sites cover every topic in detail, investing both time and around $25,000 per month in constant compliance updates, backlink campaigns, and managing dozens of affiliate programs.
Dating & Romance
The dating and romance niche is an evergreen market that will always have a high demand for people of all genders and age groups. Never underestimate the number of people that will pay good money to work on their relationships, find love or companionship, or just hook-up.
One quick Google search will reveal the massive amount of competition in this SEO niche to contend with. Even with a small team at first, it’s important to stand out as a reputable site in a sea of sometimes sleazy alternatives.
What it takes to succeed in the Dating Niche
The dating scene is full of competition and a good site will take some time to gain traction. To thrive in this niche, you’ll need a lot of patience and the will to (occasionally) go head-to-head with your competition.
The Hardest Affiliate Niches
Some other extremely lucrative affiliate marketing niches include pharma, medical lead generation, sports, and travel too. All of these big-time niches are going to be highly competitive with lots of other voices trying to be heard.
In order to compete in these remarkably profitable ventures, you’ll need to have a substantial budget, a great team, and the SEO know-how to actually get your content ranked in a heavily saturated market.