What Are Some Hobby Niches For Rich People?

Oh yes these niches indeed come to mind when thinking of hobby niches for the rich people. You can also google "hobby niches for rich people" or "rich people's hobbies" and see what you come up with? Give it a try and see it for yourself .

It seem you had never became a rich people. Try it! It is fun (according to those rich guys).

Golf is the first thing that comes to mind.

Real Estate, Finance, Cigars/Bourbon, World Travel.

thats the one

No you are not kidding, rich people are really interested into escort services... just my 2 cents

You do not want to target a market e.g. a hobby.

You want to target a demographic e.g 25 year old men

The time people tend to have disposable income is when they start working but have no big expenses e.g. house payments or children.

Once the children come along, parents tend to spend their disposable income on them e.g. school fees, coaching

Once the kids are grown up they can start spending money on themselves again or save for retirement.

The people who have just started to work tend to spend money on fashion and fashion accessories, partying, traveling, gadgets, hobbies, sport etc

Hobby niches for rich people . . .

Lots of good ideas in this thread, but you have to be careful how you use the information here. A case in point: "fishing" - a niche I know something about.

"Fishing" per se is not a niche for the rich. In fact, many of the poorest, hungriest people pass the time away fishing because they have no job and no money.

The key, with fishing or any other broad niche is to find a very targeted sub niche that "qualifies" rich folk.

In the fishing niche, I would try to identify people interested in taking guided salmon and trout fishing adventures in Alaska, or Patagonia, or Russia. Such a week-long trip could cost upward of $10,000.

You see, the key to me is to identify a hobby or activity that qualifies or limits the user participation to those with an abundance of discretionary income.

Good luck to you,

Steve

I've just highlighted in green, something that might indeed contain some green.

When I started in IM, all I heard from everyone was "chase the desperate buyers, chase the desperate buyers"... I've believed for a while now that it's easier to sell to non-desperate, irrationally passionate folk, and it's time to take some action on this.

Trouble with some of these physical item niches Alexa, is how do I start a list? :s . Suppose I could buy some of these telescope, expensive watch, car and travel magazines, see what they educate their readers about, and do the same via email?

Traveling fishermen eh? Never would have crossed my mind had you not mentioned it. Thanks. Same concept as LilaJade's above I suppose.

I totally agree. I realize that I've only ever created desperate products for desperate niches in the past. 3 different niches, and it suddenly struck me that all of my customers are from a low socioeconomic background. It's gona be high ticket from here on in.

I'll let you all know how it goes.

The only reason I didn't make the switch months ago, is because I'm trying too hard to be persistent by focusing on one thing. It's very hard to strike the right balance between being persistent and being fluid enough to try new things out.

Gona start reading up on golf , and maybe some of the other stuff suggested on this thread.

err... say wha?

Investments: classic cars, wines, whisky, Diamonds and even designers pets
Sports: Sky diving (an expensive sport) A full rig will cost between $1,500 second hand to around 10,000 new.

You can also look into Hover Craft Niche. I found it to be a bit lucrative when I played around with it a couple years ago

Don't see any posts mentioning this one so I thought I would share it. They are an expensive toy and mostly bought as a kit that is assembled by the hobby-ist.

Hope that helps

To Your Success,
Brent

You're correct. My binary options affiliate manager suggest me to buy banner ads on golf sites to promote binary options offers. I had never tried it because of I hadn't enough money for that kind of media buying. May be someone will get a luck with it.

Very interesting thread. I would go with golf, travel (women make most of those arrangements I believe). I am in the healthcare field and have taken care of a lot of them...finance for sure, but you might be surprised at how few hobbies some of them seem to have...not a lot of money spent on frivolous things...again more travel for fun and business (skiing, golf...expensive sports) Good ideas, thanks

Not sure it's as easy as finding a high end niche.

You'll have to know the niche to sell in it. I have family members that spend a lot of money on hockey/baseball/golf and travel - they can tell quickly which site owners know the games,equipment and venues - and which don't.

If you go into a high end niche - prepare yourself with a lot of knowledge about that niche.

Haven't read the other two yet, but I second the Kennedy recommendation.

That's one thing the affluent insist on. They want the very best, and they're willing to pay for it. But Lord help you if you do and then don't deliver...

The rich people I've met tend to follow many of the same interests that the middle class does, but they do it on a whole different level.

Since Steve B mentioned fishing, and I do know a thing or two about that, let's look at it as a case study.

Lots of poor people fish to eat. Most of them fish from shore, docks, bridges, etc. Once in a while, they'll scratch up the money for a day on a party boat (where you charter a seat on the boat). I can tell you that not much gets thrown back unless it isn't legal to keep.

Lots of middle class folks fish for both fun and food. They tend to have better equipment, and some may own a boat.

Rich folks fish for sport, and they tend to either hire boats or own them and hire crew. A guide I knew back when I was putting out an outdoor newsletter used to write all the time about a client that hired him multiple times per month, at $400/six hour trip.

Some of the really wealthy people I've met tend to own the very best, and pursue opportunities most only dream about. One thinks nothing of spending a couple of grand to gas up his $2 million sportfisherman and running to the Bahamas for a fishing tourney with a six-figure entry fee.

Another hobby that can be pursued at multiple levels is horse racing. Not betting the ponies, owning the ponies. From a group pooling their money to buy a $5,000 claimer to rubbing shoulders with oil sheiks and bidding millions for yearlings that have yet to even set foot on a racecourse.

The only reason some hobbies are known as "rich people's hobbies" is the cost of entry. Otherwise, most rich people are just people. They like what they like.