Business Idea

Start A Stair Lifts Business

About

Starting a stair lifts business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell stair lifts, or selling stair lifts online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$2.6B
starting costs
$17.2K
gross margin
40%
time to build
7 months

About

Starting a stair lifts business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell stair lifts, or selling stair lifts online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$2.6B
starting costs
$17.2K

 

gross margin
40%
time to build
7 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $750 $7,000
Equipment & Supply Expenses $500 $5,000
Inventory Expenses $350 $14,750
Software Expenses $150 $2,794
Website Costs $13 $215
Advertising & Marketing Costs $0 $2,450
Other Expenses $0 $300
Total Startup Costs $1,763 $32,509

Successful Businesses

Business URL Rank
High Quality Stair lifts and Chairlifts by Jameson Medical jamesonmedical.com #1,649,757
Harmar harmar.com #2,256,394
Lehner Lifttechnik lehnerlifttechnik.com #2,327,286
Access Lifts, Home Lifts, Stairlifts, Wheelchair lifts in Australia directlifts.com.au #2,550,738
MobileStairLift mobilestairlift.com #2,696,569
Altamira Medical altamiraltd.com #2,900,350
Gamburd Inc gamburd.com #3,254,295
Stannah Cyprus stannah.com.cy #4,179,453
Pacific Mobility Center pacificmobility.com #4,704,257
Home Elevator of Texas – Commercial and Residential Accessibility Solutions for Central and South Texas homeelevator.com #4,709,267
LairdLifts Company 1-510-326-4823 Oakland, Ca – Quality Installation, Delivery, Service and Repair for Outdoor and Indoor Stairlifts and Other Elevation Devices lairdlifts.com #4,747,806

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!
Little startup costs required The cost to start a stair lifts business costs significantly less money than most businesses, ranging anywhere from 1,763 to 32,509.
Rewarding work Starting a stair lifts 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 stair lifts business gives people a reason to visit your website and to keep coming back to you!
Cons Description
Crowded Space Competition is high when it comes to your stair lifts business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Finding The Right Supplier Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.
Security Issues With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.
Lack of benefits With a stair lifts business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation Often times, as a stair lifts business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a stair lifts 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.