I wanted to share 3 niches that I know will always stay strong even during times of economic uncertainties.
Health & Beauty
This industry is by far the most popular niche out there today! The demographic for this market has been traditionally largely female based, however more and more men have been increasing their purchases over the years. Even, during times of economic uncertainties people still continue to make purchases on self-indulging items like lipstick and other small face cosmetics, this will always remain a strong niche to market to.
Parenting & Children's Necessities
When people are not spending money on themselves, they are usually spending money on their children. However, I notice that some families are starting to cut back on this, but they are making up for it by buying their children stuff that provides more comfort than luxury.
Think that because you are hearing bad stories on the news about dogs and cats being put into shelter homes because people are running low on cash that the pet niche is close to going away. Nothing can be further from the truth! The pet niche has always been and will remain a popular niche. Of course the selection of what kind of pet people are purchasing will depend on what they can afford.
Here are my 3 niches please share yours.