While there are many ways to make money online, some niches don’t seem to get the attention they deserve. With dating, weight loss and business opportunities always at the main front for successful offers to promote, most of us forget about the pet industry. Did you know that pet food, supplies and medical spending is now over $50 BILLION a year! It’s quite amazing, and the best part is, that growth isn’t going to be slowing down any time soon.
How about some mind blowing stats to get your entrepreneurial taste buds wet? Here are some mind blowing facts from a recent American Pet Products Association report.
- According to the 2011-2012 APPA National Pet Owners Survey, 62% of U.S. households own a pet, which equates to 72.9 millions homes
- In 1988, the first year the survey was conducted, 56% of U.S. households owned a pet as compared to 62% in 2008
Looking for an idea of how annual spending on our four legged friends breaks down by year? Here you go. Look at the huge increase from 1994 to 2011.
- 2011 – $50.84 Billion
- 2010 – $48.35 Billion
- 2009 – $45.50 Billion
- 2005 – $36.30 Billion
- 2000 – $28.50 Billion
- 1994 – $17.00 Billion
Make Money in the Pet Industry Through Online Marketing
Now that you can see how much money is spent by pet lovers and owners around the world, it’s time for you to get in on the action. Through the use of pet related information and shopping sites, you can start earning a commission on purchases and advertising spent within the pet industry. From promoting pet products on Amazon.com, to answering questions that pet owners have every day, we will cover all of the money making methods in our next post; How to Make Money in the Pet Niche.
Dustin
January 12, 2012 at 4:40 pm
Can’t wait to see where the pet industry goes – always curious to see if pet insurance will take off in the US. I don’t think it’ll be as popular as it is in the UK but it’s definitely an up-and-coming niche. Looking forward to your next post.