Business Idea

Start A Health And Wellness Consulting Business

About

Starting a health and wellness consulting business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell health and wellness consulting, or selling health and wellness consulting 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 health and wellness consulting business ➜

Key stats

market size
$4.2T
revenue (monthly)
$3.6K
starting costs
$27.8K
gross margin
65%
avg product price
$675
time to build
10 months
growth
SEO
business model
Consulting
time investment
Side project
work from home?
Yes

About

Starting a health and wellness consulting business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell health and wellness consulting, or selling health and wellness consulting 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 health and wellness consulting business ➜

Key stats

market size
$4.2T
revenue (monthly)
$3.6K
starting costs
$27.8K
gross margin
65%
avg product price
$675

 

time to build
10 months
growth
SEO
business model
Consulting
time investment
Side project
work from home?
Yes

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $525 $5,500
Website Costs $232 $6,500
Business Formation Fees $5,600 $20,400
Software Expenses $150 $3,044
Advertising & Marketing Costs $0 $3,050
Training & Education Expenses $0 $1,000
Other Expenses $0 $800
Total Startup Costs $6,542 $49,044

Successful Businesses

Business URL Rank
Market Research Reports technavio.com #33,679
achs.edu achs.edu #352,449
Spencer Institute Coach Certification & Business Training spencerinstitute.com #574,900
Virginia Beach Physical Therapy & Wellness vbptandwellness.com #825,776
The Wellness Business Hub thewellnessbusinesshub.com #883,454
CPC Logistics callcpc.com #1,414,000
Radial: SEO + Local + PPC For Health, Wellness & Medical radialgroup.com #1,664,129
Community Hospital Corporation communityhospitalcorp.com #1,715,958
FON Consulting fonconsulting.com #3,018,504
The Wellness Agency thewellnessagency.com #3,045,845
Shift Health shifthealth.com #3,258,189

Pros & Cons

Pros Description
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.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Rewarding work Starting a health and wellness consulting business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
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.
Traffic to your website A health and wellness consulting business gives people a reason to visit your website and to keep coming back to you!
Meaningful business connections You never know who you will meet as a health and wellness consulting business. This could be the start of an incredible business opportunity!
Cons Description
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.
Work can be repetitive You may find creating the same product over and over repetitive and tiresome. One way of avoiding this is to diversify product lines and revenue streams - this will keep things interesting!
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.
Time commitment With starting a health and wellness consulting business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.
Difficult to build trust with your customer With starting a health and wellness consulting business, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business.
Impatient customers You may offer an engaging user experience for your customer, but customers expect a lot and may be impatient if they aren't pleased with your product or service.

Marketing Ideas

  • 1

    Affiliate program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Word of mouth

    The most tried and true way to grow a health and wellness consulting business is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 3

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to health and wellness consulting 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.

    Learn more about advertising on social media ➜