Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$5,600

$20,400

Equipment & Supply Expenses

$63

$200

Software Expenses

$162

$3,094

Advertising & Marketing Costs

$0

$3,050

Training & Education Expenses

$0

$1,000

Total Startup Costs

$6,199

$42,311

hims

forhims.com

17,601

Examine

examine.com

32,377

Technavio

technavio.com

33,679

Sentara Healthcare

sentara.com

79,244

Yoga Trade

yogatrade.com

134,960

Covid Clinic

covidclinic.org

137,167

Integrative Nutrition

integrativenutrition.com

138,034

Miracle Morning

miraclemorning.com

251,382

Heights

yourheights.com

263,431

Cabral Wellness

stephencabral.com

674,816

Virginia Beach Physical Therapy & Wellness

vbptandwellness.com

825,776

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!

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.