Health And Wellness Consulting Business

How Profitable Is A Health And Wellness Consulting Business? (Updated for 2024)

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Updated: September 17th, 2024

How Profitable Is A Health And Wellness Consulting Business? (Updated for 2024)

So you want to start a health and wellness consulting business?

And the first question that came to your mind was, “well, are health and wellness consulting businesses actually profitable?”

Especially considering:

You could start a health and wellness consulting business with as low as $500
Based on our data, health and wellness consulting businesses generate an average of $1.78M per year
You could see gross margins as high as 45% with health and wellness consulting businesses

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a health and wellness consulting business.

Let’s dive in!

Is a health and wellness consulting business profitable?

Yes, a health and wellness consulting business is generally a profitable business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $1.78M per year with an estimated gross margin of 65%, you could expect to recover your investment within 10 months or even less.

But of course, it all comes down to how much you earn compared to the potential revenues of your health and wellness consulting business.

To determine whether your business is profitable, you should earn more than your expenses in the beginning months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your health and wellness consulting business is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a health and wellness consulting business worth it?

If you’re wondering if a health and wellness consulting business is worth it, the answer is a big YES. With health and wellness consulting businesses, you have the potential to earn $1.78M per year (this is based on data reported by real founders).

Further, you could have your initial investment back within months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $, it will be possible for you to build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to consider starting.

Of course, you must learn and understand every aspect of running a health and wellness consulting business to ensure success. Still, as long as you have the initial investment and can endure a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful health and wellness consulting businesses case studies.

Examples Of Profitable Health And Wellness Consulting Businesses

Here are a few examples of profitable health and wellness consulting businesses, and a few more details about them:

1. Heights ($12M/year)

Dan, the co-founder of braincare company Heights, came up with the idea for their smart supplement after experiencing his own mental health struggles and finding relief through certain supplements. Through a newsletter that gained traction and the support of a leading neuroscientist, the idea for a unique brain supplement was born. They conducted extensive customer interviews, overcame manufacturing challenges, and utilized content marketing strategies to attract and retain customers. Today, Heights is a successful B Corp with a monthly recurring revenue of $500k and plans to hit $10M ARR by the end of the year.

Is it profitable? Yes
How much money it makes: $12M/year
How much did it cost to start: $-300K

How We Created A $500K/Month Braincare Supplement [Rated #1 In The World]

Heights, a braincare company, has become the #1 rated supplement in the world on Trustpilot, achieving over $500,000 a month just 2 years from launching with 150,000 email subscribers and a retention rate of 79 out of 84 subscribers; the company has also become one of the world's few B Corps.

Read this case study

Read by 4,773 founders

2. Bey Moss ($1.2M/year)

Nick Bey, the founder of Bey Moss, came up with the idea for his business after hearing about the health benefits of sea moss from rapper Nipsey Hussle. He decided to sell sea moss products to his wife's large social media following and quickly sold out of his first batch, validating the demand for the product. With his background in computer programming and his wife's sales expertise, they were able to build Bey Moss into a successful e-commerce business, making over $800,000 in revenue to date.

Is it profitable? Yes
How much money it makes: $1.2M/year
How much did it cost to start: $500

How This Couple Started A $100K/Month Sea Moss Infused Health Supplements Brand

Bey Moss, an e-commerce platform selling sea moss-infused health and wellness products, made over $800,000 to-date with less than $10,000 overall in ads after validating the product idea through reviews and feedback and leveraging their social media following to build a Bey Moss community.

Read this case study

Read by 30,002 founders

3. biöm ($1.2M/year)

After sharing his dental expertise on Twitter and gaining a following, "Gator" was frequently asked, "when are you going to make a toothpaste?" Leveraging his background and overcoming his own dental issues, he co-founded Biöm, launching a successful toothpaste tablet business with a monthly run rate of $100,000 and 30% returning customer rate.

Is it profitable? Yes
How much money it makes: $1.2M/year
How much did it cost to start: $38K

I Launched A Dental Brand Anonymously And Grew It To $100K/Mo

A dentist's journey from twitter educator to toothpaste entrepreneur, creating a successful brand with a unique formula to maintain oral health, all while emphasizing transparency and effective, authentic marketing strategies to attract and retain customers.

Read this case study

Read by 4,171 founders

Learn more about starting a health and wellness consulting business:

Where to start?

-> How much does it cost to start a health and wellness consulting business?
-> Pros and cons of a health and wellness consulting business

Need inspiration?

-> Other health and wellness consulting business success stories
-> Marketing ideas for a health and wellness consulting business

Other resources

-> Health and wellness consulting business tips

How much can you make with a health and wellness consulting business?

With a health and wellness consulting business, you can make an average of $1.78M revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $500. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 10 months.

How much does a health and wellness consulting business make a week?

Based on our data, average weekly revenue for a health and wellness consulting business ranges around $37K. As such, you could see monthly revenues of $148K.

To know if your health and wellness consulting business achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your health and wellness consulting business.

How much do health and wellness consulting businesses owners make?

The income of a health and wellness consulting business owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly revenue of an established health and wellness consulting business is about $37K. But this can be lower or higher depending on so many factors - it's almost impossible to say exactly.

While the potential for earning a good income as a health and wellness consulting business owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Health And Wellness Consulting Business Profit Margins

Generally speaking, a health and wellness consulting business can expect profit margin of around 65%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a health and wellness consulting business, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, health and wellness consulting business owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, health and wellness consulting business owners can ensure long-term sustainability and profitability for their business.

Health and wellness consulting business owner salary

The salary of a health and wellness consulting business owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established health and wellness consulting business, in a prime position, might see an average weekly salary around the ballpark of $24.1K.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, based on many of our examples, a health and wellness consulting business may be a promising business to start - but the success of your health and wellness consulting business mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable health and wellness consulting business.

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Starting A Health And Wellness Consulting Business: Everything You Need To Know

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