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low-competition-niches-with-high-profit-potential-with-timestamps-YoutubeScribe.com.txt
low competition niches with high profit potential with timestamps YoutubeScribe.com
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[0:00] Today, I'm going to walk you through 5 niches with high earnings potential and low competition. [0:05] And no, this won't be a random list of 205 fluffy niches like health and fitness or DIY. [0:13] I've actually done some market and keyword research to justify my cases with data, examples, [0:19] and I'll give you my personal take on how I'd monetize and approach these sites. [0:24] So if you want to geek out and maybe even argue in the comments, then stay tuned. [0:28] [music] [0:33] Alright, so let's get on the same page and define the word "niche." [0:36] Simply put, a niche is a segment, or a smaller part of an industry. [0:41] And this segment has a community with their own specific needs. [0:45] Now, while competitive niches often have higher earnings potential, it doesn't mean [0:49] that low-competition niches can't be very profitable too. [0:54] In fact, if you don't have substantial resources, I think one of the best ways to enter competitive [0:59] industries is to start in a sub-niche with lower competition, build some authority [1:04] to your site, and then niche up when you're ready to compete. [1:08] And I talk more about this in our video about how to find a niche, so I won't expand on that [1:12] now, but I'll link up the video in the description. [1:15] Alright, so in order to actually choose these niches, there were four things that I wanted to see. [1:20] #1. The niche had to have a decent market size so I searched for market stats. [1:26] And this helps us to get a general idea of revenue potential and addressable market. [1:32] #2. I wanted to see a clear-cut way to monetize the site. [1:37] And I did this by looking at what competing websites were doing and blended it with my [1:41] own ideas. [1:42] #3. I wanted a rough idea of the search market for low competition keywords. [1:47] Meaning, keywords that I felt pretty confident about ranking for in the short to medium term. [1:53] And this will ensure that I'm not dumping resources into the site for years before [1:58] I see a profit. [1:59] And #4. I wanted to find low-authority websites that were getting a significant amount of search [2:04] traffic for relevant topics. [2:07] And to gauge authority, I used the Domain Rating metric in Ahrefs, or DR, which represents [2:12] the overall strength of a website's backlink profile. [2:16] And this would tell me that it's possible for small players to actually penetrate the SERPs [2:20] for these keywords. [2:22] Now, finding market size and monetization methods are pretty straightforward, but I [2:27] do want to expand on my method of evaluating the search market because that's where I spent [2:31] the majority of my time. [2:33] Basically, I did up to 10 minutes of keyword research to see if there was a good amount [2:38] of search demand for low difficulty topics. [2:41] So in short, I searched for a seed keyword in Ahrefs Keywords Explorer, went to the matching [2:46] terms report, set a maximum keyword difficulty filter of 20 and added some keyword modifiers [2:52] based on the business model I had in mind. [2:55] For example, if my monetization method was affiliate marketing, I'd search for keywords [3:00] that include our seed and at least one of these words. [3:04] Then I filtered through the list of keyword ideas and added any relevant ones to my [3:08] own custom keyword list. [3:10] Now, while keyword difficulty and Domain Rating aren't perfect metrics, I think using a combination [3:16] of these across hundreds of SERPs paints a decent high level view of keyword competition. [3:21] And because they're not perfect, I need to note two things before we jump into the niches. [3:27] #1. The actual size of the search market will be significantly bigger than what I found [3:33] doing 10 minutes of keyword research. [3:35] And #2. I don't actually have any experience in these niches. [3:40] So the monetization methods that I came up with are based purely off of competitor data [3:45] and around 12 years experience in SEO and site building. [3:48] So if you have any agreements, disagreements, or questions, just leave them in the comments [3:53] and we'll continue the conversation there. [3:55] Alright, so let's get started with the first niche and that's test preparation for graduate and [4:00] professional schools. [4:01] Now, for a lot of schools in the United States, you need to pass a standardized test in addition [4:06] to doing well in your undergraduate studies. [4:09] But students don't want to just pass. [4:12] They want to excel to make their applications more competitive when applying to law schools, [4:17] MBA programs and medical schools to name a few. [4:21] Now, according to Forbes, students and parents spent over a billion dollars in 2020 on test prep. [4:28] And while much of this went towards SATs, which is a standardized test for undergraduate [4:33] admissions, a good chunk of this money still went towards graduate and professional test preparation. [4:40] Now, if I were to approach this niche, I'd probably monetize through online courses [4:45] or a membership program, where students can get access to educational material on tests like [4:50] the LSAT, GMAT, MCAT, and GRE to name a few. [4:55] And that also ties in perfectly with upsells like consulting, tutoring, and practice exams. [5:01] Tons of different monetization methods you can explore. [5:04] Now, from my 10 minutes of keyword research, I found 187 keywords with a difficulty score of [5:10] less than 20. [5:11] And that works out to a cumulative search volume of around 91,000 monthly searches [5:16] in the US or 117,000 globally. [5:19] Again, this is only a fraction of the total search market. [5:23] Now let's take a look at a few low authority example sites starting with E-gmat.com. [5:29] This site sells resources to help students prepare for the GMAT. [5:33] And the site according to Ahrefs Site Explorer has a mid to low Domain Rating of 38 and gets [5:38] around 300,000 monthly search visits. [5:41] And the traffic value comes out to around $450,000. [5:45] Meaning, it would cost around $450,000 per month to get this traffic if you were to pay for [5:52] it with Google ads. [5:53] Now, if we look at the Top Pages report, you'll see they cover topics that are covered in the GMAT, [5:58] as well as questions related to the actual exam itself. [6:02] In other words, they're attracting would-be customers through their content. [6:07] Another site is Brightlinkprep.com, which sells GMAT, GRE and SAT prep. [6:13] The site has a DR of 28, gets around 22,000 monthly search visits, and also ranks for [6:19] relevant keywords that are likely to drive them business. [6:22] And the last site I have for you is LSAT clarity which focuses on the law school admissions test. [6:29] The site has a DR of just 15, gets around 8,000 monthly search visits and has a traffic [6:35] value of $37,000. [6:37] That's quite a bit considering their estimated search traffic. [6:41] Bottomline: there's a ton of potential here to start small and to scale out as your website [6:46] becomes more authoritative over time. [6:48] Alright, the next niche is snowboarding equipment. [6:51] Now, according to this report, snowboarding equipment had a market size of around 500 [6:56] million dollars in 2020. [6:59] Now, because snowboarding equipment is generally pretty expensive, I'd probably start an affiliate site [7:04] in this niche because it's cheap to start and you won't have to deal with stocking inventory [7:08] for a seasonal niche. [7:10] As for the search market, I found 198 low-difficulty and relevant keywords with a total US search [7:17] volume of 108,000 monthly searches. [7:20] And globally, that works out to around 134,000 monthly searches. [7:25] Now, this niche in particular had quite a few low competition topics. [7:29] In fact, I only spent around 5 minutes doing keyword research for this niche using the same [7:35] techniques that I teach in our affiliate keyword research tutorial. [7:38] Now, let's take a look at a couple example sites, starting with snowboardingprofiles.com. [7:44] As you can see from the navigation, they've gone with the affiliate route too. [7:48] And looking at Ahrefs Site Explorer, you'll see that the site has a DR of 28 and gets [7:53] around 90,000 monthly search visits. [7:56] And if we look at their organic traffic graph, you'll see they actually hit over 200,000 [8:00] monthly search visits during the heavy snowboarding months last year. [8:05] Now, if we head over to the Top pages report, you'll see that they rank for a bunch of affiliate [8:09] list topics like "top 20 women's snowboarding jackets" and "best men's snowboarding pants." [8:16] These pages are likely to generate revenue for them so the traffic looks pretty good overall. [8:21] Alright, the second site I found is snowgeartracker.com, which is another affiliate site. [8:26] Now, according to Ahrefs' Site Explorer, the site has a DR of just 0.1 and that's because [8:33] it only has 11 referring domains, none of which seem to be very high quality. [8:38] Now, going back to the Overview Report, you'll see that they get around 3,500 monthly search [8:43] visits without having backlinks, which is telling of the level of competition in this niche. [8:49] And if we go to the Top pages report, you'll see that they rank for list posts about wide [8:53] snowboarding boots, and best all mountain snowboards for men. [8:58] Now, because snowboarding is seasonal, it means that your winter months and maybe [9:01] a couple leading up to the season, are going to be the ones that generate revenue for you. [9:07] As for the off season, I wouldn't expect much. [9:10] So in my opinion, this is a niche that's probably worth going after if you're new to SEO or [9:16] a passionate hobbyist. [9:18] The level of effort seems pretty low for the potential reward. [9:22] Alright, so sticking with sports, the next niche is golf equipment. [9:26] As a professional hacker of golf courses, I can confidently say that golf is not cheap. [9:33] In addition to paying to play, you need to have clubs, balls, a glove, shoes, tees, and [9:39] the list goes on. [9:40] And the thing is, people lose golf balls all the time. [9:44] Gloves, shoes, and grips need to be replaced. [9:47] And when you're having a bad day, you might even have a club or two to replace. [9:52] In fact, Grandview research shows that the global golf equipment market size was 6.5 [9:57] billion dollars in 2018. [10:00] Now, because golf equipment is actually quite expensive and new models and makes are introduced [10:05] frequently, I would create an affiliate website for similar reasons to the snowboarding site. [10:10] As for the search market with low difficulty topics, I spent around 7 minutes doing keyword [10:15] research, to find around 150 keywords with a US search volume of around 225,000. [10:22] And that works out to a global monthly volume of over 304,000 monthly searches. [10:28] Now, there are actually quite a few low-authority websites that are getting a significant amount [10:33] of traffic. [10:34] Let's look at two of them. [10:35] The first is Southampton Golf Club, which is a typical affiliate site. [10:39] And this site has a DR of 24 and gets over 222,000 monthly search visits according [10:45] to Ahrefs. [10:47] Now, if we go to the Top Pages report, you'll see a mix of low-value topics like these ones, [10:52] mixed in with high business value topics like these ones. [10:56] Now, to get a better understanding of search traffic from commercial topics, at least for [11:00] an affiliate site, we can narrow down the results with the URLs filter. [11:05] To do that, I'll set a rule to show URLs that contain the word "best." [11:09] Then I'll add another rule and choose Contains "review." [11:14] And then one more with Contains "vs." [11:17] And the reason why I'm doing this is because people often use their target keyword in the URL slug. [11:23] I'll hit the Any rule tab and hit Apply. [11:26] And as you can see, they still get a ton of search traffic from product review keywords. [11:31] Alright, the second site is Top Rank Golf, which is another affiliate site. [11:36] And according to Ahrefs, it has a Domain Rating of 6 and gets over 29,000 monthly search visits. [11:42] Now, if we head over to the Top pages report, you'll see very relevant topics. [11:47] And if you look at the orange line in the graph, they've had pretty explosive traffic [11:51] over the past 6 months. [11:53] Alright, the next niche is one that's been on my list for a while and that's baby products. [11:58] Now, being a parent myself, I can tell you that we spend a lot of money on products. [12:03] Some that we don't even need. [12:05] And in 2020, baby products had a global market size of 11.7 billion dollars. [12:11] And while this niche is mostly a volume game, there are still some high ticket items like strollers, [12:17] cribs, rocking chairs, nursery chairs which are basically couches, and car seats to name a few. [12:24] Now, the two main monetization methods I'd go with are affiliate and info products. [12:29] And the reason for affiliate products is pretty straightforward. [12:32] With around 385,000 babies born each day, there are SO many products to choose from. [12:39] Which also means that there are more topics than you can probably handle. [12:43] Now, the reason why I'd also create info products is because when you bring home [12:47] a baby for the first time, no one knows what they're really doing. [12:52] And they're happy to pay for education from reputable sources. [12:56] And you know what happens when they do find out what they're doing? [12:58] They realize they have no idea what they're doing when it comes to raising and parenting children. [13:03] So they look for parenting resources. [13:06] My point is that these two monetization methods alone can scale like crazy in this niche. [13:12] Now, as for the search market, I focused just on informational and product list keywords, [13:17] so nothing about parenting is included here. [13:19] And after around 10 minutes, I found close to 150 keywords with a total US search volume [13:25] of 223,000 monthly searches and a global volume of 266,000 searches. [13:32] Again, this is just a tiny fraction of the total addressable search market. [13:37] Now, an interesting thing I found when analyzing SERPs is that there are a ton [13:40] of websites from mom blogs. [13:43] And these usually aren't super niche-focused. [13:45] And that tells me that there could be an opportunity here. [13:49] And some sites are taking advantage of this. [13:51] For example, Travel Car Seat Mom.com is a site just about car seats for children [13:57] while travelling. [13:58] Pretty niche. [13:59] And according to Ahrefs Site Explorer, her DR 14 car seat travel site gets around 80,000 [14:05] monthly search visits. [14:07] Another site I found is Experiencedmommy.com. [14:10] And this site is another typical affiliate site where they review all sorts of products [14:14] for children. [14:16] And according to Ahrefs Site Explorer, the site has a DR of 43 and gets around 180,000 [14:21] monthly search visits. [14:23] And if we head over to the Top Pages report, you'll see that the pages that send them [14:27] the most search traffic are product-related posts. [14:31] In my opinion, there's a ton of opportunity here for someone to build a real brand because [14:36] most of the content I've seen in this area is pretty bad. [14:40] Alright, the final niche is slightly controversial but I'll do my best to justify my case. [14:45] And that's sports picks for daily fantasy sports. [14:49] Now, if you're unfamiliar with daily fantasy sports, you basically bet on your favorite [14:53] players or teams to win a match. [14:55] And if your guesses are better than everyone else's, then you can win anything from a couple [14:59] bucks to even a million dollars with a tiny wager. [15:03] Now, because this niche falls into the larger industry of sports betting or gambling, it's [15:08] one that often gets ignored by SEOs. [15:10] And that's probably because gambling niches are usually super-competitive, which results in [15:15] a lot of link buying and other blackhat tactics. [15:19] But it doesn't change the fact that there's a huge market for this with very little competition [15:24] in terms of where the industry is at today and where I think it can be in 5-10 years. [15:29] According to Grandview Research, the global sports betting market size was valued at around [15:34] 67 billion dollars in 2020. [15:37] And the industry, in my opinion, is just getting started. [15:40] And there are two reasons for this. [15:42] #1. Companies like Draftkings and Fanduel who have made online sports betting super-accessible [15:49] and borderline "cool." [15:50] Now, pair that with streaming services and you can place bets and watch the game from [15:55] anywhere in the world. [15:57] And #2. More and more states in the US are legalizing sports betting at a rapid pace. [16:03] In fact, in May 2019, only a handful of states had fully legalized sports betting as you can [16:09] see from the red blocks. [16:11] Fast forward around a year and a half, and this is what the graph looks like today. [16:15] Now, in terms of monetization, there are actually quite a few routes you can go, but I'd probably [16:19] start with the affiliate route because qualified leads can result in big payouts. [16:25] For example, Caesars Casino, which also has a sportsbook pays a CPA of at least $125. [16:33] And software as a service may also be another route to go because from my research, people [16:38] will subscribe to services to get access to sports data. [16:42] Now, as for my 10-minute keyword research exercise, I found 234 keywords with a total [16:47] monthly search volume of around 190,000 searches just in the US. [16:53] And the global volume came out to around 210,000. [16:57] Now, as expected, there are already some sites that have discovered this niche and [17:01] they're doing pretty well. [17:03] The first site is thegameday.com. [17:05] And this site focuses on daily fantasy sports as you can see from the "pick of the day" on [17:10] their homepage. [17:11] Now, looking at Ahrefs Site Explorer, you'll see that the site has a DR of 31 and gets [17:16] around 70,000 monthly search visits. [17:19] And if we head over to the Top pages report, you'll see that nearly all of the pages are [17:23] related to sports picks. [17:25] Another low-authority site is pgagolfbets.com, which does pretty much the same thing. [17:31] And according to Ahrefs Site Explorer, it has a very low DR and gets around 10,000 monthly [17:36] search visits. [17:37] Now, if we head on over to the Top pages report, the majority of their traffic comes from low [17:42] competition topics like tournament name + "betting tips." [17:47] So they're definitely attracting a relevant audience. [17:50] Now, this niche is by far the most difficult to penetrate from the 5 that we've discussed. [17:55] And there are good reasons for this. [17:56] #1. The SERPs for keywords in this niche have a lot of the big players in there. [18:01] So while you might be able to rank, it'll take more effort to get a top spot. [18:06] #2. Sports run seasonally. [18:08] Meaning, if you're only going to tackle NFL picks, you'll have slow months for around [18:13] half the year. [18:14] So be prepared to cover multiple sports if you hope to generate somewhat consistent revenue [18:19] throughout the year. [18:21] And #3. A lot of the topics in this niche are highly freshness-dependent. [18:26] Meaning, you'll need an editorial team to regularly update content because picks for [18:31] one week won't be the same for the next. [18:33] So with that said, if you're relatively new to SEO, I wouldn't go for this niche. [18:38] But if you're an experienced SEO who has the resources to build an editorial team and [18:44] experience ranking sites, then in my opinion, this niche has a lot of upside. [18:49] Now, these are just five niches that I think have a ton of potential. [18:53] Let me know which one interests you the most, and if you enjoyed this video, make sure to [18:57] like, share and subscribe for more actionable SEO and marketing tutorials. [19:01] I'll see you in the next one.
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