By Nosisa Assumani
The health and fitness industry has been growing remarkably and shows no signs of slowing down. Transitioning into this forever-expanding industry could be the best decision of your life, whether you are launching a new fitness franchise or jumping into a new career path in health and fitness. Not only does the health and fitness industry offer great earning potential, but you can have flexible working hours and the rewarding opportunity to help others reach their health and fitness goals. If you like the idea of pursuing an exciting career as a wellness entrepreneur, here are five awesome business ideas in this space.
1. Buy a Fitness Franchise
If you’re passionate about following a healthy lifestyle and staying active, then owning a franchise could be the right business move for you. Fitness franchises are among the fastest-growing and most profitable businesses in fitness, as more people are becoming aware of the dangers of leading an inactive lifestyle and are joining fitness clubs in order to stay fit. Because fitness studios can take on several forms, you have the freedom to decide on the best model for your target audience.
2. Start a Health and Fitness Blog
Health and fitness blogs have become even more popular as of late, and blogging has become an avenue for creative people to combine their skills with their love for health and fitness while generating an income. You could also be a freelance blogger for other businesses that have an online presence and specialize in fitness-related content.
3. Start a Health Coaching Business
Starting your own health coaching business is another great business idea in the health and fitness space. There are different health coaching models that you can consider, one of them being online health coaching. This is an especially good option for an up-and-coming entrepreneur who has limited time. Corporate health coaching is another great option; it has the potential to be very profitable if done well, as many companies now offer health coaching to their employees.
4. Sell Dietary Supplements
Do you have a dietary supplement that has been very effective in helping you reach your health goals? Why not start selling it to others as well? You could start your own business as a reseller or distributor of a particular dietary supplement, or even partner with a company to develop your own supplement brand.
Along with dietary supplements, there is a constant demand for weight loss products. According to market research, the US weight loss market was estimated to be worth $68.2 billion in 2017, and it continues to grow. Many people are on the health and fitness journey solely to lose weight, so they are always interested in products that can help them lose a few kilos. You could sell existing weight loss products to a new market or create your own product.
5. Create a Wellness Center
Many entrepreneurs who are passionate about health and fitness love the idea of creating a wellness center. Your wellness center can give other entrepreneurs who may be interested in wellness the opportunity to provide services in your setup or to work with you.
These are just a few of the many business ideas you can embrace in health and fitness. Remember that having a superb business idea is only the first step! You’ll have to do your own research on other entrepreneurs already operating that type of business and find out about their experiences, which can be very helpful. If being a health and fitness entrepreneur is your calling, then go for it!
Nosisa Assumani is a Content Specialist at TMI.