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These Profitable Niches Are Crushing It Right Now

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These Profitable Niches Are Crushing It Right Now

Have you ever scrolled through YouTube and wondered how people make a living on the platform? 

Not only are people making a living, but many are earning passive income and absolutely crushing it on YouTube, and you can too.

If you dream of turning a hobby into a lucrative hustle, don’t go anywhere! 

We will share with you 8 of the most profitable niches on YouTube right now.

Picking Your Niche

If you want to generate some serious passive income on YouTube, there are a few things you have to understand.

First, picking the right niche is the most crucial step. 

So ask yourself, what are you interested in? What do you know about? 

Pick your niche first to help you create better content for your target audience and identify the best monetization strategies.

Second, you need to consider a very important metric: CPM, or cost per mille. This is how much YouTube’s Partner Program pays its content creators for every 1000 ad impressions, so look for a niche with a high CPM, like the ones we cover below.

There are, of course, many ways to earn money on YouTube. Aside from ads, you can also make money by including affiliate links, selling your own merchandise, and creating sponsored content.

To earn passive income on YouTube, you can either build up your channel personally over time and then reap the rewards, or you can create a faceless channel so you don’t have to appear in the videos and you’re not tied to your brand.

When it comes to earning potential, the right channel in the right niche can earn anywhere from 5 figures to over a million dollars per month, passively.

But which niches are the most lucrative? 

Best Niches for YouTube Passive Income

The following niches have the potential to earn a steady stream of passive income in 2023.

Cars and The Automotive Industry 

For this niche, you can create videos reviewing newly released car models, comparing different cars, or offering a close-up look at various aspects of a specific car, such as the interior. 

If you’re good at car repair, you can teach people how to fix their cars, and if you have access to exotic or vintage cars, you can show them. You can share news about the automotive industry, share car buying tips, or even document your experience driving certain cars.

These Profitable Niches Are Crushing It Right Now

There’s no shortage of interesting approaches you can take in the car niche.

Examples of YouTube channels that are killing it in the car niche are Doug DeMuro, Throttle House, and Chris Fix.

Business, Personal Finance, and Investment 

Business storytelling is a very lucrative niche on YouTube.

Videos that tell stories about different businesses and how they became successful or went bankrupt are extremely popular. You can make documentary-type videos where you don’t even appear; just tell the story in a unique and engaging way.

Biographical videos about business people, leading investors, CEOs, etc., generally also garner a lot of views as well

Successful channels in this niche include Magnates Media, Company Man, and MegaloMedia

Personal finance guidance, investment advice, budgeting, stock market investing, and trading tips also have a healthy CPM. 

Examples of successful YouTube channels in this niche include Mark Tilbury, Meet Kevin, and Warrior Trading.

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Make Money Online 

It should come as no surprise that teaching people how to make money online is making people money online.

Now more than ever there’s demand for this information and expertise, as people are looking to create their own online business.

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There’s no shortage of topics you can cover in your videos, such as how to make money dropshipping, how to grow a blog, and how to sell online courses. You could also interview successful entrepreneurs and business owners. 

Some channels that are killing it in this niche are Wholesale Ted, Ryan Hildreth, and Baddie in Business.  

Education and Tutorials

This is a very broad, lucrative niche with countless possibilities on YouTube.

All you need to do is focus on a common problem people have and then help them solve it with your video. For example, you can create teaching videos on how to build a bookshelf, how to use a software program, or how to use a specific brand of camera. 

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This niche can also lend itself to brand deals and partnerships, and you can create closely related products, such as instruction manuals and ebooks, templates, downloadable checklists, and much more.

Successful channels in this niche include Satori Graphics, Chloe Rose, and Moriah Elizabeth

Fitness and Health 

Like the finance and investment niche, this space requires you to have personal experience. Fitness and health is very broad, so it’s important to niche down. As they say, the riches are in the niches.

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You can create videos around training for a marathon, yoga for pregnant women, working out at home, or a specific sport you excel at.

Blogilates, Natacha Oceane, and Tiffany Rothe Workouts are just a few channels that are earning big passive income bucks.

Digital Marketing

If you know your way around SEO and online marketing, get ready to rake in the big bucks. This is one of the best niches for passive income on YouTube.

This is a highly competitive space, so it’s important to stand out and niche down. Focus on one aspect of digital marketing and strive to become the absolute authority.

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Topics you can cover include email marketing, social media marketing, e-commerce marketing, SEO, software reviews, how-to videos, or PPC. 

Channels that are excelling in this niche at the moment include Neil Patel, vidIQ, and AppSumo

Gadgets and Tech

Videos talking about the latest gadgets are extremely popular on YouTube, so if you have some cash to get started, this is a niche with a lot of earning potential. 

In the beginning, you’ll probably have to purchase your own gadgets and review them, but as you grow your following, advertisers will likely send you their products to review. 

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If you receive affiliate commissions from your tech reviews, you can earn a pretty penny in this niche.

Some channels that are doing very well include Marques Brownlee, Austin Evans, and Unbox Therapy.

Gaming 

If you enjoy playing video games and talking about it, this may be the niche for you.

YouTubers can earn big bucks making videos with game walkthroughs, strategies and tips, and critiques and reviews, and they can also live stream their gameplay, experiment with game mechanics, and cover professional gaming tournaments.

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Some of the top channels in this niche are VanossGaming, Jack Septic Eye, and Ali-A

Getting Started

Now that you’re in the know, it’s time to get started. 

From fitness and health to gadgets and tech, there’s a niche out there for everyone.

While it’s a good idea to keep in mind the most profitable niches on YouTube, your success will also depend on your dedication and passion for making content that stands out

So pick a niche that’s potentially lucrative but also right for you, and start creating!



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Why Morgan Stanley Analysts Doubled Apple iPhone Predictions

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Why Morgan Stanley Analysts Doubled Apple iPhone Predictions

Apple entered the AI game last month with Apple Intelligence, a suite of new features designed to bring AI straight to iPhone, iPad, and Mac screens. Apple’s AI has a catch though: it only works on the newest iPhones and it could be the reason why millions of iPhone users with older models seriously think about upgrading, say Morgan Stanley analysts.

Morgan Stanley analysts named Apple a top-pick stock on Monday, after which Apple shares jumped to an all-time high, per Bloomberg. Apple Intelligence is a “clear catalyst” for iPhone upgrades and will enable Apple to sell nearly half a billion iPhones in the next two years, analyst Eric Woodring stated.

Apple Intelligence is expected to come out this fall for the iPhone 15 Pro and 15 Pro Max — older iPhones will not have access to Apple’s AI. The update offers AI-generated emojis, a smarter Siri, and direct access to ChatGPT, though some anticipated Siri AI upgrades may arrive next year.

Related: Apple Is Expanding What The iPhone Can Do. Here’s What’s Changing Right Away.

“We believe that there is record level of pent-up demand entering the iPhone 16 cycle later this year,” Woodring noted, adding that Apple Intelligence delivers “unique-to-the-Apple-ecosystem” value.

Morgan Stanley previously forecasted that Apple would sell around 230 million iPhones in the same time frame, making the new prediction more than double the previous one.

Apple is also uniquely positioned to be the AI “base camp” for its customers, “just as it has done for digital content (iPod) and social media (iPhone),” wrote Morgan Stanley analyst Ananda Baruah.

Apple CEO Tim Cook waves to customers before they enter Apple’s 5th Avenue store. (Photo by Drew Angerer/Getty Images)

Other analysts at different firms have made similar predictions. Wedbush Securities analyst Dan Ives told Reuters in June that more than 15% of existing iPhone users could buy the new iPhone Apple is expected to release this fall.

Related: Apple Labels These 3 Iconic Products ‘Vintage,’ and Soon-to-Be ‘Obsolete’

Ives estimated that 270 million iPhone users have not bought a new model in the past four years.

More than half of Apple’s overall revenue in the second quarter of 2024 came from iPhones; Apple has the majority of the market share for smartphones in the U.S.

At the time of writing, Apple was the largest company in the world with a $3.584 trillion market cap. Microsoft, Nvidia, Google, and Amazon followed.

Related: Warren Buffett Had to Work From His iPhone After Telephone Lines Went Down at Berkshire Hathaway: ‘I’m Glad We Didn’t Sell All of Our Apple’

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How to Start a Business This Weekend: AppSumo CEO Noah Kagan

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How to Start a Business This Weekend: AppSumo CEO Noah Kagan

Noah Kagan shared how he started AppSumo, a “Groupon for software,” in one weekend in a new podcast episode. The startup cost was $60; AppSumo earned $80 million last year and Kagan is still its CEO.

In 2010, Kagan was 28 years old and had already experienced what it was like to be the 30th employee at Facebook and the fourth employee at personal finance app Mint.

“I think I just felt insecure at some of these places,” Kagan told fellow entrepreneur Jeff Berman in a June episode of the “Masters of Scale” podcast.

Kagan was fired after nine months at Facebook by Mark Zuckerberg and later fired from Mint, too. He realized that dedicating his time to his day job carried a risk — another person could decide to let him go at any time.

Related: The Author of ‘Million Dollar Weekend’ Says This Is the Only Difference Between You and the Many ‘Very, Very Dumb People’ Making a Lot of Money

“I think I wanted to prove that I’m smart or prove that I’m successful or prove that Facebook when they fired me, and then when Mint fired me, [that] I can do it,” Kagan said.

The idea for AppSumo, a marketplace of software deals for small business owners or solopreneurs, was born when Kagan thought there was a way to promote software tools and also get paid for it. He saw that the site MacHeist gave Apple users discounts on software bundles and wanted to try making the same type of discounts available to a broader audience.

“My interest was letting the geniuses create software, and my skill and my excitement is promotion,” Kagain said.

The business came together in about 60 hours. First, Kagan found software he wanted to sell: the image-sharing service Imgur. He cold-emailed Imgur’s founder on Reddit and got approval to sell a discounted version in exchange for a cut of sales.

Related: Here’s Why Reddit Turned Down an Acquisition Offer From Google in Its Early Days, According to Cofounder Alexis Ohanian

The next piece was meeting with Reddit’s founding engineer to ask for free advertising. He got that too.

The final part was paying a developer to create a website with a PayPal button and purchasing the AppSumo.com domain name.

What was the total cost to launch the business? $60 and one weekend of his time.

AppSumo made $300,000 in the first year, and $3 million in the second, Kagan said in the podcast. It brought in $80 million in revenue last year.

Kagan now has a net worth of $36 million.

Kagan said that the crucial part of business was being invested in the problem and getting excited about it.

Related: This Flexible Side Hustle Is Helping Millions Earn Extra Cash — and Might Be ‘More Attractive’ Than an Office Job

“I think that’s the thing in business people are kind of missing out,” Kagan said. “They’re chasing AI now or chasing being an influencer. I think find areas [where] you’re like, I don’t know if I’m going to ever get tired of this.”

Starting a side hustle or finding an extra source of income has an upside — according to Kagan, you have more control over your future.

“If you can just give up 30 minutes a week, if you can just give up one Netflix show a week, if you can give up one thing a week, and you keep doing it weekly, eventually you can have that business,” he said.

Related: This Is the Winning Formula for Starting a Successful Podcast, According to a New Analysis

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Fully Promoted Franchises are the Worlds Largest Providers of Promotional Products!

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Fully Promoted Franchises are the Worlds Largest Providers of Promotional Products!

3 Benefits of Owning a Fully Promoted Franchise:

  1. Access to a proven business model with a global network and mass purchasing benefits.
  2. Comprehensive training and ongoing support, including demographic studies and marketing strategies.
  3. Diversified revenue streams from a variety of marketing tools and branded products.

Fully Promoted is a franchise specializing in branded products and marketing services, renowned as the largest company in its niche and recognized repeatedly in Entrepreneur’s Franchise 500 rankings. Click Here to learn more about Fully Promoted.

Key Facts:

  • Minimum Initial Investment: $103,257 – $353,186
  • Initial Franchise Fee: $49,500
  • Liquid Capital Required: $49,500
  • Veteran Incentives: 20% off franchise fee

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