We have indeed arrived in the health-conscious era as more and more people gradually shift their focus to fitness and health since the pandemic. This resulted in a $ .31 billion worldwide market value for health and wellbeing in 2020, with experts predicting a rise of $4.24 billion in the next five years. Indeed, this booming industry is a force in the market to be reckoned with.
But with the consistent threat of the virus, going to the gym could still be a challenge, especially as surges continue to spike in some states. Thus, if you are considering ways to capitalize on this trend, a health and wellness startup can be the solution you have been looking for.
Sell products promoting a healthy lifestyle.
Starting a health and wellness business can be an excellent opportunity, especially for those who appreciate cooking and crafting healthy goods. Anyone can do this, whether it’s from selling cruelty-free beauty products from home, franchising reputable salad restaurants in business districts, or selling sugar-free baked goods and pastries online. Indeed, this is a good venture fit for every entrepreneur’s situation.
However, it pays to understand the market first before diving in. This includes thorough research to guarantee that the items you sell comply with your area’s health regulatory requirements. For instance, if you plan on selling home-based perishable or consumable goods, some states require businesses to keep their household cooking equipment and supplies apart from commercial ones. Moreover, expect occasional visits from the health department to conduct an inspection and monitor your operations.
Work as a fitness coach.
Contrary to popular belief, hiring a personal trainer is not necessarily tailored to people who want to lose weight or stay in shape. Some work with young and older adults to help them with their muscle growth, athletic goals and maintain stronger bones.
Pursuing this career is also highly beneficial as the average compensation for licensed professionals can reach up to $41,920 annually. The good news is that having a fitness certification allows you to expand your abilities and services, whether in-house or as an independent contractor. For those who wish to entertain clients in their homes, it’s always a wise idea to consult with your local zoning laws before diving in.
If running a physical business, protecting it from liability risks, cyberattacks, and client or employee injuries is vital. So, consider developing concrete response plans, keep a record of crucial documents, and provide training for your employees in cases of emergencies and disasters.
Offer massage therapy
Therapy remains a lucrative business, assisting patients in dealing with life’s issues and daily stresses. Recent data from the Bureau of Labor and Statistics show that massage therapists make an average of $20.97 per hour in the United States alone. That’s around $43,620 per year.
To ensure the safety of consumers and practitioners, you need to comply with your state’s mandatory monitoring, training, and licensing regulations. Moreover, you need to provide the necessary tools and equipment regardless of if you decide to give home services or have your clients come to you. Finally, if you choose to operate at home, it is vital to ensure that your premises follow zoning laws before opening your house to clients.
Create a Health and Fitness App
Strength training, aerobic exercises, yoga, and other workouts have become more affordable and accessible as the pandemic made the digital transition more possible. In addition, technological advancements have created a streamlined platform for individuals to access various health and wellness programs in the comforts of their homes. This allows entrepreneurs and licensed fitness professionals to reach a wider audience without sacrificing each other’s safety.
According to experts, the pandemic contributes to the growing rate of obesity in children and adults. That said, it is no surprise that fitness apps have spawned new health and wellness business prospects. No more pricey gym memberships with traditional class-based timetables that may not suit the customer’s lifestyle. By developing a workout app, the road to healthy living is at the tip of everyone’s fingertips.
Starting any business gives you the opportunity for growth and self-discovery. As the head of operations, you have the chance to wear multiple hats seeing and knowing things in different lights. That said, you can gain more experience, weigh things, and decide on the best course of action for each given situation.
Each client you speak with and each deal you seal teaches you a thing or two about different facets of personal and professional life. So, ensure that you know your niche and market it to individuals who require it.