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Health & Medical Care

Medical Equipment Sales

In the wake of ever-advancing medical technology, it pays to sell medical equipment.

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Business At A Glance

Medical Equipment Sales

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.

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Health & Medical Care

Vitamin Sales

The current focus on health and anti-aging products makes it the perfect time to capitalize on this market.

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Business At A Glance

Vitamin Sales

Startup Costs: $50,000 – $100,000
Home Based: Can be operated from home.
Online Operation? Yes

Business Overview

Owning and operating your own vitamin storecould be the answer to your financial and self-employment dreams. Thetime has never been better than now to start a health-related business,as more and more people across North America become concerned abouttheir health in general.

And selling vitamins is not only a great wayto capitalize on consumer demand, but it’s also a fantastic way to helpothers strive for a healthier lifestyle. You’ll need a great deal ofknowledge about vitamin and mineral supplements, but with that said,you can research all of the information you need on the subject andeven hire experienced staff or a health consultant to help build andmarket the vitamin product line. Locating vitamin manufacturers andwholesalers for this venture won’t be difficult as there are thousandsworldwide who’ll be more than happy to establish wholesale accountswith new businesses. Startup costs are high, but the profit potentialis excellent. A retail location would best suit this venture, but tokeep startup costs to a minimum, a small kiosk in a busy mall would bea good alternative.

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Health & Medical Care

Medical Braces

Offer the hundreds of types of medical braces to people with injuries.

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Business At A Glance

Medical Braces

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

There are literally hundreds of types ofmedical braces used for hundreds of different medical conditions;everything from braces for a bad back to knee braces for sportsinjuries. There are thousands of manufacturers of medical bracesworldwide, so securing a wholesale source for the products should notbe difficult. The braces can be sold to consumers in a few differentways, including establishing a sales kiosk in a mall or close to ahospital or medical center, selling the braces online and advertisingthe braces in specialty publications for mail-order sales. Medicalbraces are specialized products, so maintaining markups of 100 percentis justified.

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Health & Medical Care

Health Fair

With an increased demand for health-care information, running a health fair for professionals and health-related companies could grow to a lucrative business.

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Business At A Glance

Health Fair

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Across North America, there are thousands ofhealth-care professionals and companies that produce products aimed atthe health-care industry. And all of these health-care professionalsand industry-related companies could potentially become your clients ifyour intentions are to start a business that promotes and hosts two-dayhealth fairs across the country. A health fair is the same as a tradeshow or craft show. The major difference is that all vendors orexhibitors are in the health-care industry. This type of uniquehealth-care related business has a chance to become a profitablebusiness concern, given the recent increased demand by consumers forhealth-care information, products and services. Charging people anadmittance fee into the health fairs, as well as charging theexhibitors a booth fee to display at the health fair would earn revenuefor the business.

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