This is my first in depth analysis on a specific market, and for this one I’m choosing the meteorite niche.
I chose this one as it is one I’m interested in, and as a kid I remember seeing ads for Robert A. Haag’s Meteorites in the back of magazines like Popular Science. One time I bought a meteorite guitar pick from him which I thought was pretty cool. But the main thing that has always interested and inspired me about him is that he has made a living from finding, buying and selling meteorites.
I don’t remember where I first saw it, but at some point I found an article that said he was in fact a self made millionaire from meteorites. This blew me away… if one can make a million selling meteorites, then surely you could make a million from just about anything. Not to downplay meteorites, but it was just something that never would have occurred to me.
This little tidbit was very motivating to me and was one of my first lessons in life that if you are super passionate about something you can definitely make a living from it – or perhaps get rich.
Back then I think Robert was considered the king of the meteorites (at least on Earth). Since then there are new players that have emerged on the scene, at least one with their own reality TV show. So, not sure if he is still king or has been dethroned.
Anyway, if you are interested in getting into meteorites for profit, I hope this article will be a good starting point for you. If you want to make money in the meteorite niche you will need to have a web site – to provide good information to other meteorite hobbyists around the world, or to simply list what you have to sell and what you are interested in buying. Or, perhaps you just want to create a meteorite blog so you can journal your various meteorite hunting expeditions.
I plan to create more niche profiles like this – so if you have any requests, feel free to comment below. It may take a few of these to get a good format down, but I plan to include things such as links to the niche’s forums, current blogs/websites in the market, Twitter accounts of interest, hashtags, Google Trends, YouTube channels, Subreddit’s, Facebook groups and more.
So, let’s get this thing started.
Meteorite Forums and Communities
/r/meteorites – currently has 250 subscribers
/r/whatsthisrock – 19.1 k subscribers – dedicated to identifying rocks
/r/space – 14.4 million subscribers
Club Space Rock – 3,200 members
Meteorite Hunting and Collecting – https://nuggetshooter.ipbhost.com/forum/4-meteorite-hunting-and-collecting/
The Meteorite Exchange currently lists over 30 trusted dealers at https://www.meteorite.com/meteorite-dealers/
Meteorite Times Magazine: https://www.meteorite-times.com
Aerolite Meteorites Blog: https://aerolite.org/blog
Meteorite News: http://lunarmeteoritehunters.blogspot.com
The Meteorite Men (Starring Geoff Notkin & Steve Arnold)
This is a small sampling of Twitter accounts related to meteorites. There are many more, but here are a few to start with.
Here are a few Facebook groups that cater to meteorite enthusiasts as well as buyers/sellers. You can see even more groups by logging into Facebook and searching for “meteorites” and filtering by groups.
Interesting to note it looks like there are some pretty good open opportunities on YouTube to compete.
Meteorite related products & services
For this niche, potential products that could be sold or promoted include books (both print & ebook), actual meteorites and meteorite gifts, t-shirts, videos, how to find meteorites course, treasure hunting and metal detecting equipment, meteorite hunting expeditions and more.
So, I’m going to wrap this up for now, but from what I can tell this is probably a good niche to get into as many of the competing sites seem to be out of date or are not optimizing social media, YouTube to its fullest potential. The downside is that it may be hard to actually find meteorites in the wild, so is a hobby that would require a decent amount of free time. But, that doesn’t mean you couldn’t get into becoming a meteorite dealer simply buying and selling or building an up to date authoritative website.
This niche could also have a decent conversion rate as many will be in a buying mode – either ready to buy your meteorites or looking for a way to make money from meteorites by selling their own or buying tools, equipment, information to find them in the field.
The existence of the reality TV show Meteorite Men proves the niche is worth pursuing. It also doesn’t hurt that at least a few people have become millionaires from meteorites.
My gut feeling also tells me there is a big demand for meteorite identification. People want to know if the rock they found is a meteorite or not. If it is a meteorite, is it worth something? What kind of meteorite is it? etc.
I’ll add more data to this meteorite niche profile, so keep it bookmarked and check back soon.