The global wellness industry is worth a staggering $4.4 trillion, and with an increasing interest in all things wellness-related, experts believe this sector will reach a net worth of $7 trillion by 2025. If you are thinking of starting a business in this sector, there are plenty of options worth considering. Read on for a guide to some of the best ones, as well as some general advice on setting up a business.
Massage therapy is a good area to get into because it requires very little capital to set up as a massage therapist. As a mobile masseuse, you can visit people in their homes with little more than a massage table and some accessories.
Decide what area of massage therapy you want to specialise in. Popular ones include aromatherapy massage, sports massage, Swedish massage, and deep tissue massage. All types have a healing component and can be combined with other wellness therapies.
Acupuncture is another complementary therapy with many health benefits. It is an area of traditional Chinese medicine whereby needles are inserted into strategic points on the body, to stimulate the central nervous system into kickstarting the body’s natural healing abilities.
Proper training is essential if you want to offer acupuncture therapy to clients, as there are important safety aspects to adhere to.
Personal trainers work with clients looking to lose weight, build fitness, rehab back from injury, and train for an event. It isn’t just the physical aspects of fitness personal trainers need to be knowledgeable in – a PT course typically covers nutrition, anatomy, and a whole lot more besides.
Since the personal training sector is crowded, it is sensible to specialise. Decide which clients you want to work with and begin building a brand. You can’t be too picky in the beginning, when you don’t have an established reputation, but in time, it is possible to build a roster of long-term clients and enjoy a steady income.
Yoga has long been a popular wellness area and experienced yoga teachers are always in demand. If you love yoga and have a passion for teaching, why not start up as a yogi and pass on your enthusiasm to others? Many yoga teachers hold local classes but in time, once you have an established brand, you can start teaching one-on-one in people’s homes, or build an online teaching business.
Become active on social media and post videos online. Many people search for videos to help teach them the basics of yoga, so platforms like YouTube, Instagram, and TikTok are good places to build your brand.
Start Your Business the Right Way
Before you do anything, get your business set up correctly. Decide if you want to be a sole trader or an LLC. Speak to an accountant and learn the basics of bookkeeping. Investigate your tax liability and register the business. Remember that equipment like home office laptops is all tax deductible.
Now you have the basics in hand and some ideas for your wellness business venture, it is time to prepare a business plan and get the ball rolling. Good luck!