Starting a cryotherapy business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell cryotherapy, or selling cryotherapy online, you can use this page as a guide for everything you'll need to know.
Want to learn more? You can check out our full guide on how to start a cryotherapy business ➜
|Min Startup Costs||Max Startup Costs|
|Employee & Freelancer Expenses||$0||$5,500|
|Equipment & Supply Expenses||$550||$6,000|
|Business Formation Fees||$5,600||$20,400|
|Retail Business Expenses||$0||$16,150|
|Advertising & Marketing Costs||$75||$4,786|
|Training & Education Expenses||$0||$1,000|
|Total Startup Costs||$6,607||$63,831|
|CRYO Stay Young: World Leaders in Cryotherapy||cryo.com||#532,465|
|Clark Hill PLC: Business Law Firm & Commercial Litigation||clarkhill.com||#586,939|
|VACUACTIVUS cryotherapy chambers and weight loss machines||vacuactivus.com||#606,987|
|Physical Therapy Group of Florida & Cryotherapy||physicaltherapygroupofflorida.com||#1,228,968|
|Clean Market NYC||cleanmarket.com||#1,268,412|
|Flexibility||You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.|
|Scalable||With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.|
|Meaningful business connections||You never know who you will meet as a cryotherapy business. This could be the start of an incredible business opportunity!|
|High customer retention rates||Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.|
|High margins||The gross margins for your cryotherapy business are typically around 60%, which is considerably high and allows you to grow your business and manage costs easily.|
|Pick & choose the clients you work with||Cryotherapy Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!|
|Motivation of employees||If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.|
|High employee turnover||In the cryotherapy business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.|
|Taxes||As a cryotherapy business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.|
|Niche Market||A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.|
|High overhead expenses||With starting a cryotherapy business, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.|
|Churn||In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.|
The most tried and true way to grow a cryotherapy business is through word of mouth - some entrepreneurs would say it's more important than all social media.
Starting a cryotherapy business is all about building relationships and becoming an integral part of your community.
Many entrepreneurs make the mistake of thinking they can do everything on their own. In reality, other businesses (even your competition) and members of your community can be a huge piece of your growth strategy.
When forming any type of partnership, a lot of energy and time can go into this.
Social media advertising is one of the leading ways to get the word out when it comes to cryotherapy business.
There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.