What Are the Best Niche Markets for Consultants?

Consultants work in virtually every industry, providing their clients with essential advice and guidance to improve their business or lives. While there is money to be made by choosing a broad consulting specialty, you could be overlooking a potentially lucrative niche market.

Providing consulting services within a niche market can set you apart from the competition. By focusing on a more specific area, you can market yourself as a true expert in your field. It can also help you find clients looking for the particular guidance or advice that you provide.

Here are four niche markets for consultants that you might consider working in.

1. Career Consultant

The changing job market means that career consultants are in high demand. Workers are keen to find better paying employment or further their career. Career consultants can help them navigate these changes and stand out against the competition.

Though career consulting is its own area of expertise, you might consider going even more niche in the services you offer. The job market is currently made up of four generational groups—Baby Boomers, Gen X, Millennials, and Gen Z—each with their own career needs. As a career consultant you could provide extra-personalized services to one or two groups. For example, Boomers may need help starting late-in-life second careers, while Gen Z might need guidance as they enter a quickly evolving job market.

2. Image or Style Consultant

Image and style consultants help clients clean up and dress right. You might assist business professionals looking to convey confidence through their wardrobe, or someone who has experienced a life changing event, such as pregnancy or weight loss. An image or style consultant can help their clients better understand how to dress in a way that helps them look and feel good.

3. Organization Consultant

Home organization is big business thanks to the popularity of shows like Tidying Up with Marie Kondo. Clients may want a tidy and organized home like they see on TV, but don’t have the time to quickly achieve those results. Organization consultants can help them get there.

4. Sustainability Consultant

Living and working in a way that is sustainable for the planet is becoming more important to clients. People are often looking for more ways to do this beyond recycling or adjusting the thermostat. Sustainability consultants are knowledgeable of the latest “green” trends and can help their clients incorporate them into their living or workspaces.

Protecting your consulting business

No matter what niche market you consult within, consider protecting your consulting business with business insurance.

Professional Liability insurance for consultants, also known as Errors and Omissions (E&O) insurance, protects your business against claims of negligence, misrepresentations, or mistakes. It can be crucial to managing unexpected bills following a lawsuit or compensation claims.

 

 

Recommended reading:

1. 14 In-demand Consulting Career Options
2. Top Consulting Business Ideas You Can Run From Home