However it has bounced back and is worth approximately $10 Million and will continue to grow as consumers relieve their held back demands.
Revenue is expected to reach pre recession levels by the end of 2017 as per an industry market research report by IBISWorld (Source)
50 million people are involved in this niche which means a lot of targeted customers around.
It's lucrative, it has a huge audience, they have money to spend, so what is it?
The niche in question is acoustic guitars!
(P.S. If you'd like to download a free list of 1,781 profitable niches click here or the image below)
Here’s the demand...
Over 12,000 people are searching for these obvious keywords every month. There's hundreds or even thousands less obvious keywords you can target too.
Reasons to get involved in this $10 Million Niche....
It's a market where repeat business is a common trend as people are always looking for better variants than the ones they own.
Guitars that are collectible and / or a little bit unusual can be sold at prices much higher than their actual costs allowing for surprisingly high profit margins.
Tapping into this profitable niche will allow you to promote all this and related add-ons from guitar pins, to cases to tuners and more .
Further, offering customization to the acoustic guitars will allow for even higher profit margins and the possibilities look endless.
There are more than 8,000 acoustic guitars available on Amazon with prices as high as $50,000 so just sell one of those each month as an affiliate and you’ll be a very happy marketer.
Clickbank has 25 digital products in their market place that are related to acoustic guitar with price tags high as $39.
So when you are not selling the actual guitars, stay happy with the 75% commission you receive for selling digital products.
Over 1.8 million people have liked acoustic guitars on Facebook
Divert a small percentage of these to your landing pages and think about the traffic and sales you’ll receive as a result.
Google blog search shows 1.4 million pages and posts indexed about acoustic guitars so you don’t have to worry about shortage of content ideas or bloggers to network with.
118,000 members are spread over 7 forums dedicated to acoustic guitars that will allow you to easily commute with a higher number of members without spending too much time moving around too many forums.
That doesn't even mention the general guitar and music forums out there you can find your audience at.
You'll easily be able to find out what they want and give them what they want.
The potential here for you is limitless.
There's a huge audience that's easy to find online and a wide range of products on sale of all prices so you'll not struggle to find people looking to buy what you are promoting as an affiliate.
All in all the acoustic guitar niche has struck a cord as a potential goldmine!
How To 'Hack' Your Way Into This Niche...
Acoustic guitars make an incredible niche for an affiliate review site.
There's also the potential for an authority blog.
Or even a price comparison or discount coupon site has potential.
If you prefer the info-product route there's endless ideas for products you could create.
And off-course, even the experts out there need a lesson or two to learn/improve what they love so much so how about an acoustic guitar coaching service?
There are lots of products on sale with passionate people looking forward to try everything they can get their hands on.
You'll find content ideas from browsing the acoustic guitar forums and seeing what common questions people ask.
Turn the answers into blog posts.
Also look at popular guitar blogs and see which of their posts get the most social shares or use OpenSiteExplorers 'top pages' feature to see which get the most links.
Then create something bigger and better.
You will find your audience through blog commenting, guest posting, forum marketing, interacting on social media and why not put some posters up if there’s a concert in town.
Whatever type of site you choose to create driving your visitors onto an email list is essential so that you can forge a relationship, drive traffic back to your site and recommend products to them.
What You'll Need To Get Started:
- A brandable domain from NameCheap
- A premium theme from Studiopress
- Image & graphics from Photodune from $1 (don't take images from Google you'll end up in legal trouble)
- An auto-responder to build your email list and contact your customers – Aweber is just $1
- The number #1 email capture tool on the market – OptinMonster, so you can grow your list fast.
- A set of 12+ free tools that'll blow up your email list and exponentially grow your site from SumoMe.
If You've Missed Our Previous Niche Reports:
- Forget Shaving And Discover This Hairy 21 Billion Dollar Niche Market
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