These are the most profitable niches for affiliate marketing in 2020
The affiliate marketing industry has grown astronomically in the last decade, significantly due to an increase in the online visibility of businesses. In recent times, companies have come to reckon that Information technology has to be leveraged to increase sales, revenue, and overall corporate governance. Making sales and increasing brand visibility across several territories both underscore the importance of affiliate marketing.
Now, there’s hardly any industry that does not leverage the profitability presented by marketing products and services through affiliate programs. The bar is even raised higher in terms of profits and benefits for some areas or niches in the affiliate marketing industry.
iGaming
The iGaming industry has been very massive in the last teo decades and continues to rise much higher than ever. The introduction of mobile-based online casino games that can be played anywhere using internet-enabled mobile devices has prominently landed so much relevance to the industry. Today, the global iGaming industry rakes in billions of dollars in revenue yearly. For instance, Canada’s online casino industry makes an estimated gross revenue of 31 billion dollars annually, with the potentials of increasing to 50 billion dollars by 2025.
The stupefying stats have made the iGaming sphere a beehive of affiliate activities, with many affiliate marketers already paying out real big. An excellent example of an online casino affiliate in Canada would be a site where casino players can find online casinos in Canada. This is often the case, as you can find quite many of them in the Canadian online casino scene.
Golf
For decades, Golf has been regarded as an elitist, high-profile sport exclusively reserved for well-to-do and affluent members of the society. On a global scale, the golf industry rakes in as much as 12.55 billion dollars yearly in revenues, with possible growth to over 20 by 2025. The incredible stats show that golf affiliate programs can be highly profitable. Thus, with the right efforts, the niche will attract those players and skyrocket your affiliate earnings.
Home Security
Securing one’s home can be likened to securing one’s investments, which means that it’s essential for homeowners to safeguard their homes. Many people spend thousands of dollars getting their walls repainted, their locks reinforced, their various safety alarms rechecked and updated, and installing different home security gadgets. This invariably implies that they need access to the best affordable products and services they can get, which can be provided via an affiliate site. Therefore, this niche is waiting to be explored to the limits, however competitive it might be.
Online Dating
Online dating has always been a massive thing for a long time now, with hundreds of affiliate marketing programs paying quite well. The industry in itself is profitable due to the human nature of interacting and bonding socially, notwithstanding the medium. So you can earn quite massively joining an affiliate network for online dating.
Finance
Finance is a big deal these days, with everyone looking for genuine platforms to expand their income, manage their money, expand their earnings, and stabilize investments. Finding an affiliate program that teaches general money management skills would help you in your affiliate journey. This is a lucrative affiliate marketing niche that impacts value to people while earning you some cool cash.
Conclusion
Other good affiliate verticals include: software and even beds. The global affiliate marketing industry has been continually evolving to suit the growing demands of sales and marketing. It suffices to state that keying into these niches with consistency and proficiency will profit you overwhelmingly.