Find that niche product that will build you an enterprise as you consult this list of 11 high margin niche products to build a business around. There are a lot of businesses in the world today that have been built using niche products and niche markets. Niche means that these products aren’t necessarily for everyone, but with the right business anything can flourish. This list contains ideas and facts from businesses that have established themselves around the world. They might be suitable for you and can give that big break financially.
The thing about niche products is that it can go either way. Your idea may be so novel that your business will take off and soar quite easily. On the other hand, if there are only a few supporters of your business you’ll hardly get anywhere. Of course, with the ideas in this list, you’ll soon make these types of businesses part of your own list of The 7 Most Profitable Businesses You Could Start. Naturally, you’ll have to invest a lot of time and money to build a business. It isn’t always smooth sailing and there can be many obstacles to overcome.
What niche products do you think can make a good business? You might find that the answer has been with you all along. You might have been using these products and not have been aware of their potential for business. Let’s get educated and start this list:
11. Beer
Beer may not be for everyone but it has certainly been an established business. You’ll find many brands that are famous around the world. For it to be different you have to try to put beer with another concept that no one has ever thought of before. There have been businesses going around like beer and laundry, even beer with video games.
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10. Movie Memorabilia
With the large amount of people going to movies it’s not difficult to see that there are some demand for stuff related to them. Even replicas of objects in the movie fetch a good amount of attention. You just need to know what’s in demand and what’s always good to sell. A few examples of high margin names are Harry Potter and Star Wars.
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9. Video Games
Arcades have had their share of successes in the past and many are still alive today. There are of course other applications with the new technologies and trends in video gaming. It can range from anything like rental services to video game cafes and bars. Anything is possible.
8. Hair Dryer
The idea comes from one of the more niche and successful businesses out there called Drybar. The concept is that it helps women style and help with their hair without even having to cut it. Something that’s a task for women can be an opportunity for others to thrive on. This can also extend to other household products and can even be done for men.
7. Vinyl
Despite the popularity of digital music, online videos and CD technology, Vinyl still retains that certain charm. Interestingly, Vinyl has been gaining a slight increase in popularity and is something many would consider buying if given the chance. The business opportunities here are many. You can find indie artists that want to get on vinyl or even convert famous music into retro packages.
6. Craft Beer
There are many avenues for beer that it deserves a second mention in this list. One famous idea that has sprung up in certain places of the world was to give the people the ability to make their own beer. They get to learn more about the history and the art of brewing. They’ll also get the chance to make beer and get drunk using their own concoction.
There are more niche products we can discuss as we move to the second half of this list of 11 high margin niche products to build a business around.
5. Pizza
It’s amazing how many applications and innovations we can make with pizza. We can change the shape or the way it’s presented like one famous company in the US which makes pizza cones. There are also some other restaurants that allow you to make your own pizza.
4. Films
Film is another famous product that can be integrated with other types of businesses. Imagine yourself sitting at a movie theater that’s also a restaurant or café; just to give you an idea of the possibilities.
3. Iced Products
Most of us cannot deny our craving for iced treats and drinks especially on a hot day. There are a number of things you can experiment with this type of business. You can try different flavors of ice cream and popsicles. There is also the chance to make a lot of interesting iced drinks.
2. Fragrances
The problem about places like department stores is that they offer a lot of different fragrances and can just bombard you. This makes decisions hard. One can start a business that focuses on unique brands and smells. Allow people to find their own way. That can get a lot of customers.
1. Soup
It’s a mystery why no one’s thought of making a snack shop that serves different kinds and combinations of soup. Everyone has soup once in a while and there are just days where we want only soup.
There you have it the 11 high margin niche products to build a business around. Hopefully, this has given you some idea for your business.
