Business Idea

Start A Health Care Training Business

About

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

If you're interested in how to sell healthcare training, or selling healthcare training 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 care training business ➜

Key stats

market size
$41.6B
revenue (monthly)
$15K
starting costs
$28.4K
gross margin
8%
avg product price
$61000
time to build
12 months
growth
SEO
business model
Advertising
time investment
Side project

About

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

If you're interested in how to sell healthcare training, or selling healthcare training 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 care training business ➜

Key stats

market size
$41.6B
revenue (monthly)
$15K
starting costs
$28.4K
gross margin
8%
avg product price
$61000

 

time to build
12 months
growth
SEO
business model
Advertising
time investment
Side project

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $40 $2,350
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $550 $6,000
Website Costs $232 $6,500
Specific Industry Expenses $0 $1,000
Business Formation Fees $5,600 $20,400
Software Expenses $162 $3,094
Advertising & Marketing Costs $0 $2,800
Other Expenses $0 $800
Training & Education Expenses $0 $850
Total Startup Costs $6,584 $49,294

Successful Businesses

Business URL Rank
Women's Health womenshealthmag.com #4,443
National Cancer Institute cancer.gov #14,451
Cochrane cochrane.org #26,348
HealthStream healthstream.com #39,307
Training Industry trainingindustry.com #58,509
JSI jsi.com #72,360
Change Healthcare changehealthcare.com #83,796
Health Level Seven International hl7.org #124,112
Health Education England hee.nhs.uk #129,362
Relias relias.com #135,563
400 The plain HTTP request was sent to HTTPS port tamhsc.edu #199,403

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!
Meaningful business connections You never know who you will meet as a health care training business. This could be the start of an incredible business opportunity!
Gain exposure and experience This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!
You are your own boss! With starting a health care training business, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!
Predictable income stream Your businesses income stream tends to be predictable based on the number of customers you have signed up. This makes financial planning and outlooks much more seamless!
Cons Description
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 health care training 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 health care training 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 health care training 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.
Time commitment With starting a health care training 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.

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

    Direct sales

    You may find yourself in a spot where you're ready to hire a few (or many) salespeople to support the sales conversion process.

    Regardless if you have one or thirty salespeople, it's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 3

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.