Medical Equipment Sales

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Startup Costs: $10,000 – $50,000
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Millions of dollars worth of medicalequipment is sold each year in the United States, and securing aportion of this very lucrative industry is not difficult, especiallyfor the entrepreneur who carefully researches and plans an entry intothe medical equipment sales industry. There are a few differentapproaches that can be taken in terms of medical equipment sales. Thefirst approach is to establish a retail store that sells medicalequipment to customers, as well as to online shoppers via the store’sWeb site. The second approach is to become an independent salesconsultant who represents various manufacturers of medical equipment.The main focus of this type of medical equipment sales would be to sellmedical equipment to hospitals and health centers by solicitating orusing the tender process in which hospitals and medical centersroutinely ask for bids to replace equipment. Tenders are usuallyfeatured in newspapers or you can call the hospital to inquire aboutcurrent tenders out for bid. Profit potential range is $50,000 to$150,000 per year.