Best Niches to Cashflow in 2024

PLUS: The best businesses to start in each niche

Author

Cashflow Chronicles
January 26, 2024

Hey Cashflowers,

This week we put together a list of the most dominant niches in any market and combined that with the best ways to tap into these niches with different business ideas.

If you’re looking for cash flow, good news! 2024 is the year for cash flow and with the resources in this newsletter you’ll be on your way to doing exactly that, so follow along.

Let’s get into it!

Health

Everybody Wants a 6-pack

Health is one of the big three, dominating many markets for exercise, dietary nutrition, medicine, disease prevention, and many more.

People revolve around health, and that’s important in everyday life, a key term to all three of these niches.

See, if you’re looking to start a business, a great way to know whether or not it’s a good idea is to determine whether or not your product is going to be something used in everyday life.

A few great business ideas for health would be an exercise coach, dietitian, or a meal prep service.

As a coach, you would be useful to people every day through coaching calls, training, and various other things.

The problem with that?

Time

You can only take so many Zoom calls and meet with so many clients every day before you’re out of time.

To fix the time issue you could create workout programs, sell them as a digital product, have no shipping costs, they’re also super cheap to create and patent, and bring much less hassle.

Aside from that, another business idea that’s great is meal prep service.

Now this would take more upfront capital, and you’d also need to figure out many more factors such as shipping, keeping the meals cold, prices, profit margins, and a place to prepare the food.

Meal prep service is a great business idea as it’s a part of everyday life, and is a constant necessity.

Flexpromeals is a great example of a recent company that started advertising their meals using creators and influencers across social media ads, and has been doing great.

Source: FlexPromeals homepage website

Wealth

Money Makes the World Go Round’

Look at this newsletter, it’s built around business, cashflow, and making money.

Money rules all things, as bad as it can be, and that’s the reason why wealth is one of the big three.

The wealth niche might be a little harder to tap into as usually you need to know how to make money to advertise how to make money

Many Gurus create discord groups, guided courses, or start monetized newsletters based on what they’ve had the most success with

These are great ways to get into the wealth space, even if you don’t know a ton about wealth.

Starting a free newsletter and creating a personal brand on social media is a great way to start a brand and generate a following to monetize in the future.

You’re basically using the wealth niche to create wealth.

Discord groups are great depending on how you do it.

A common way people do it is to start with someone who knows a defined area of wealth, a popular one being crypto.

The point of most groups isn’t to actually teach subjects, but rather to gather a group of people to discuss the subject and be aware of new discoveries.

The group just becomes a place for everybody inside to gather, and that is something that people will pay for.

Relationships

Relationship Industry Also Makes the World go Round’

There’s a song called “Fat Bottom Girls” for a reason, and it states they make the world go around.

Whether it’s girls or guys, this is the reason things like Onlyfans, FanFix, and even other 18+ websites exist.

Obviously, we aren’t saying that you’re going to tap into the market by doing these things, as we bring actual business ideas, but we are putting it out there because it is a genuine fact

To go further you have webcam girls, live chatrooms, and websites like Omegle.

These are all deeply involved in the relationship niche, and exist for one reason:

Desire

But how can you tap into relationships with desire, without throwing yourself around?

The first part, and the great part of this answer is that the two largest human motivators are fear and desire, and one of those is in play here.

First off, everyone knows that relationships need constant mending.

Now if you’re a guy we get it, you could not see your best friend for 3 years and be best buds when you see each other on a random Tuesday, but for the most part, this isn’t the case.

Think of how many people offer relationship coaching, marriage counseling, or couples therapy, and are constantly booked out with clients.

These are all things that tap into what people desire: Better relationships

The desire you’re tapping into is literally the market, you’re just spinning it in a way to offer a service within.

There are a few ways to do this. One is to hire someone who is licensed to do this and another is to create a digital product that can be advertised and sold to gain the same result.

Remember, when you’re advertising and seeking people with desire, you have to sell the result.

With that, Until next time Cashflowers

Cheers!

Cashflow Chronicles

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