Health and wellness is one of the hottest niches at the moment as it transcends background, culture, or economic status. People now are willing to buy products and treatments that will help them look and feel better and find it a lot easier to shop on the internet. Here are some tips on how to start an online business in a health niche.
Your niche needs to be profitable – Choose a niche that you are passionate about and one that is currently in demand. You could use your personal experiences or an issue a family member or partner was facing.
Study the industry – Look at what’s selling in the same category on Amazon, late night TV, Facebook, and Instagram. At the moment here are some top niches that are doing well online Digestive health/healthy gut, Weight loss, Anti-aging, Diabetes, Hair loss, and Skincare.
You don’t have to create a product – Here are a few options;
Drop Shipping – You can use your marketing efforts to promote products on your website. You take orders from your customers, and then you contact your drop shipping partner who is usually a manufacturer, wholesaler, or retailer and order the product at a lower price. Your profit is the difference.
Affiliate Marketing – This model involves marketing the product using your website, blog, Facebook page, email lists and being for your marketing efforts. When a customer buys a product, they use a link that is unique to you. Most often every sale will give you 5%-25% profit from the complete sale.