Zappos.com the online shoe/ clothing store was sold to Amazon last year for $1.2 billion http://en.wikipedia.org/wiki/Zappos.com#Sale_to_Amazon.com So besides shoes/ clothing niche, what other niche can turn owners into multi-millionaires?
Almost every specialty market in the world has potential to generate amazing amounts of money if it is properly marketed . So it doesn't take a huge businesses to become a millionaire , but then again most people are never going to be millionaires .
Well any niche which pertains to what people buy or sell regularly, any topic where people are looking for answers to their questions e.g. stem cell hair cure for balding or more information like New York West
i think one point you need to keep in mind is what drives money is sell-able, any site driving the niche where it is placed can be sold, provided that niche has potential and players ready to enter, you can have a site for just restroom supplies, but it needs to be a ruler of the niche.
Yes, as the others posters stated all niches can in some way be profitable, but you will need to reach out to the majority of consumers as well as be in the top of the market (e.g. be in your consumers head, the first choice). Where to go for books online? Amazon, everybody knows. Where to go for sale/trade? Ebay. And so on.
Make Mobile Online Store Or MP3 Or Movies This Kind Of Niches Make Millions If You Promote Your Site On right way ...
Sell what you know. If you don't know anything about shoes, that's just going to be another obstacle between you and the 1.2 billion dollars.
Anything is your best answer, forget what other people are doing and just focus on business. I think some people get dazzled by the pretty lights of the internet rat race.
If you don't know anything about shoes, that's just going to be another obstacle between you and the 1.2 billion dollars.
i think you need to find a niche that you enjoy so you won't get bored working on it. So you enjoy putting the hard work into it.
If someone finds that magical niche they will tend to keep it to themselves so that they can get the maximum amount of revenue from that niche.
Lol rubbish the amount of 7 figure internet business will be huge. Just because it's hard for you dosn't mean it's hard for everyone else. Money makes money, nothing makes nothing and if you want to start real business's then invest into them.
I think it's not about what is the best niches that you're looking for... but how you can mastering a niche that could make some money for you... after you mastered the niche, then all you have to do is to make it larger for your business