Mental Health Business

Business Idea: Start A Mental Health Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$447K
Avg Startup Costs
$17.8K
Score
73
Market Size
Avg Revenue
Min Revenue
$40K/month
Max Revenue
$1M/month
Avg Days To Build
60 days

Caring for mental health is becoming increasingly essential in today’s fast-paced world. Starting a mental health business involves offering services like counseling, therapy, wellness workshops, and mental health resources either online or in-person.

You'll need to be passionate about helping others and dedicated to continuous learning in psychology or related fields. The work involves obtaining necessary certifications, hiring qualified professionals, and establishing a serene environment for clients. Attracting clients can initially be challenging, but by networking with healthcare providers and utilizing online marketing, you can gain traction.

Though it demands significant effort, a mental health business offers the profound satisfaction of making a tangible difference in people's lives. If you have the drive to support mental well-being, this is a deeply rewarding path to consider.

Revenue & Profitability

How much do mental health businesses make?

Startup Costs

How much does it cost to start a mental health business?

  • It can cost as low as $5,000 to start a mental health business.
  • It can cost as high as $250,000 to start a mental health business.

Learn more about the costs of a mental health business.

Examples Of Successful Mental Health Businesses

Successful mental health business businesses and case studies

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.

$1M Monthly Revenue
Read by 4,828 founders

This case study article follows Vicki Mayo, who developed a stress-reducing wearable product for her company TouchPoint, which achieved over $2 million in sales in the first couple of years and has been used for stress relief over 3 million times.

$300K Monthly Revenue
$250K Startup Costs
Read by 7,000 founders

See full list of successful mental health businesses.