If you are looking to launch a new enterprise, the healthcare sector is booming, even during the global pandemic and with the trend for good health & well-being looking like it is here to stay, there are many markets that you can explore.
Digital Solutions
There are numerous online businesses that you can start, with health food being a popular choice, or you could devote your shopping cart website to vitamin and mineral supplements, which are very popular among all ages. You could choose to sell yoga clothing and equipment, as demonstrated by Divine Goddess’s awesome yoga bolsters and creating your own brand is easy when you enlist the help of a sports apparel manufacturer. With the current global pandemic, it is not wise to do anything in a traditional retail environment, rather focus on e-commerce, as that is where the future lies.
Personal Protection Equipment
The ideal time to move into this market would have been just prior to the arrival of the Coronavirus, but even if you started now, there is still a huge demand for PPE of all forms, so you would not have any issues finding customers if your prices are right. Items such as:
- Face Masks
- Hand Sanitiser
- Antiseptic Wipes
- Thermometers & Sensors
- Cleaning Solutions
You can probably order large bulk consignments very cheaply, giving you a good mark up, while making sure that the PPE is compliant with government requirements.
Digital Marketing
Whatever health-related business you open, you will need to services of a leading SEO company, who can implement various strategies aimed at driving web traffic to your e-commerce site and without search engine optimisation, you will almost certainly be an also ran. Let’s say that you opened a health food store online and aside from family and the many friends that you have, who else would even know of your store’s existence? When a potential customer searches with Google, you want your website to be on the first page of the search results and this is something the SEO company can achieve. It might take a while to boost your platform to the first page of search results, but when you reach that coveted position, you can expect many site visitors, thanks to Google searches. Click here for further reading on the benefits of digital marketing, which might be useful.
Market Research
When looking at various markets, it makes sense to carry out some serious market research, which may or may not lead you to decide to go ahead and if you have some in-depth knowledge, so much the better. Once you think you have found a product line, define the various target groups; people that have a high interest in the product range and then you can work out what platforms to focus your digital marketing on. Some people prefer to focus on a small niche market, which would be easier to penetrate than something very general and if you have a passion in life, perhaps you can make a business out of this.
Business Plan
Some entrepreneurs mistakenly think that a business plan is only necessary when you are looking for investors, when the truth is, a business plan should be your template for success. A good business plan addresses all issues and outlines the direction of the business, along with a marketing plan that shows how you will generate the amount of business you need to make a profit.
Online Workouts
Many people actually enrol in a virtual fitness course and when you think about it, you do not need a huge studio full of expensive hi-tech equipment, all you need is a set for you to use while you are leading the online class. Of course, you would need some IT hardware to host online classes, but the investment is small when compared to opening a regular fitness studio and if you do well, you can always develop your own studio at some point in the future.
Online Psychology Therapy
Why not enter into an agreement with several qualified psychologists and you can offer online therapy and counselling, which is a popular service at the moment, as many people are stressed over the lockdown. You could choose specific issues such as:
- Drugs
- Alcohol abuse
- Binge eating
- Gambling addiction
- Anger management
- Stress & anxiety management
- PTSD counselling
Of course, you will need to register the busines and there would likely be a lot of red tape, but if you are employing qualified psychologists, there’s no reason why you can’t enter into this field.
If you are a fitness fanatic, why not study and obtain a personal fitness licence? This will allow you to set up your own company and by hiring other personal trainers, you could build up a successful client list. Here is some government information about setting up a business in Australia.
Now is a great time to move into the healthcare sector and with some careful planning, your new business should take off.
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