Tap Into the $3.4 Trillion Health and Wellness Market!
Health and wellness is a $3.4 trillion industry worldwide, according to the Global Wellness Institute. More and more people are concerned about their weight, beauty, and overall wellness, and are willing to spend money on products and services that help them look and feel great. Here are 6 home business ideas that can allow you tap into this profitable industry.
Gone are the days in which personal training for individuals wanting to get buff. Today, many personal trainers work with teens to help them improve their competitiveness in sports and seniors wanting to protect their bones and prevent injury, common side effects of aging.
Personal trainers earn a median income of $34,980 per year, according to the Bureau of Labor Statistics. To be a personal trainer, you need to get certified from a reputable fitness organization. Once certified, you’ll want to develop your personal training service plan. For example, will clients come to your home (check your zoning rules before having clients come to your home) or will you go to theirs? Will you specialize with a specific target market?
Because there is a large risk of injury involved in exercise, you’ll want to make sure you have all the proper insurance
Health coaches go beyond fitness and provide guidance and support to help people gain total body health. While exercise and weight control might be part of what a health coach helps with, they can also coach on nutrition, relaxation and stress, and overcoming barriers to gaining overall health and wellness.
The median income for health coaches is $45,121, according to PayScale. Although there is no requirement for education or certification, you can increase your marketability by having one or both. A certification in personal fitness, nutrition or other education in health will give clients confidence that you have the education required. Coaching education and certification and help you develop your system and tools, as well as coaching philosophies and strategies.
Massage therapy continues to be a profitable as many people see help to manage stress, anxiety, tension and pain. According to the Bureau of Labor Statistics, the median salary of message therapists is $37,180 per year.
Most states regulate the message therapy industry, so you’ll want to check your state’s regulations on the requirements to getting started. You’ll probably be required to take a course and get a license.
You’ll need to purchase equipment such as massage tables, and decide if you’ll see clients in your home (check zoning rules first) or at their home or workplace.
Health and Wellness Products
Much, if not most, of the income in the health and wellness industry comes from product sales. This includes food (i.e. gluten-free, vegan, etc), vitamins and supplements, and weight loss tools. Getting into this profitable market is easy. There are many network marketing and franchise companies that offer health and wellness products. Because of potential health hazards inherent in health and wellness products, you’ll want to do research to insure you meet all government regulations if you plan to sell food or items you create.
Remember, spa and beauty is a part of the health and wellness market, which includes soaps, lotions and other items designed to enhance and energize.
Health and Wellness Books, Courses and Info Products
Before investing in health products or services, many people prefer to research and learn at their own pace, which makes offering information through a book, home study course or other type of information product a great way to get started in the health and wellness industry. Further, you can use books and courses to add addition income streams to your service.
While people have good intentions about eating right, many struggle to implement their health eating plan. As a result, some hire a personal chef to create health, delicious meals. The challenge of a personal chef business is twofold; 1) not many people have the resources to pay the expense of a chef, making prospects for clients limited and 2) the pay is only about $27,500 per year, according to the Bureau of Labor Statistics.
But if you enjoy creating health food and can find clients in your area, being a personal chef can be a great home business option. You can cook in your client’s homes, or prepare food at you home in advance, and deliver them to your clients. Further, you might consider specializing, such as creating gluten-free or vegan dishes.
This is another business that might be regulated by your state’s occupational licensing agency, so you’ll want to do research before getting started.