Nurses, doctors and other medical personnel should develop side gigs for multiple income streams. If you are a doctor or a nurse, you have to find something people are willing to pay for, something they need now and are willing to pay for it. You have to be patient to start small while thinking big.
1). Start Retailing First Aid Box
In some countries, it is mandatory for public buildings and offices to have first aid box stationed within the facility. First aid box is an essential item that must not only be in our offices, but also our homes simply because of its importance.
As a matter of fact, a first aid box has the potential to save lives during medical emergencies or accidents. Hence, if you are looking for a cool way to make bucks from the healthcare industry, one of your options is to go into the retailing of first aid boxes. This type of business is simple to start and it is profitable and thriving but you must go all out there to market it.
2). Home Care Service:
Home care services are provided by licensed healthcare professionals to people who require special care, directly at their homes. Depending on the country, you may require a licence or not, to run a home care service.
Home care agencies generally help adults, the senior citizens, and others, who require additional care at home without unnecessary hospitalisation.
As a certified healthcare professional, you could run a home care assistance service to help people in need of close care and attention, but don’t have anyone around to care for them.
3. Commence a Hospital /Medical Centre
Some of the first business options that readily come to mind when it comes to starting a business in the healthcare industry is to open a hospital. No doubt hospitals play vital roles in the healthcare industry simply almost everything in the healthcare sector revolves around hospital.
For instance; medical equipment are manufactured to be used in hospitals and drugs are manufactured and administered or retailed based on doctor’s prescriptions which is obviously from the hospital.
So, if you are looking for a highly thriving business to start in the healthcare industry, then one of your top options is to start open a hospital / clinic / health center. Although non doctors can open a hospital provided they Employ a qualified doctor and other relevant health personnel to manage the facility.
4). Medical Supplies, Consumables & Equipment Sales:
The medical supplies and consumables service in the healthcare industry is one of the most lucrative parts to venture into. Many hospitals require constant supply of some medical utilities like syringes, and a lot more. Some also require supply of medical devices & equipments once in a while, and these equipments could run into millions of Naira.
By building a networked relationship with the procurement officers of various hospitals, you can let them know of your medical supply chain business and how you can ensure they never run out of any medical item they need constantly in stock
5). Embalmment services.
Embalmment is the process of chemically treating the dead human body to reduce the presence and growth of microorganisms, in order to retard organic decomposition and restore acceptable physical appearance essentially, it is the practice of preserving the body after death by artificial means until the families are ready for burial. This type of business require some skills and tutorials so, if you are interested, you will want to dive into this opportunity at no cost all you need is the skills.
6). Open a Maternity Center
In rural community most especially, there are loads of pregnant women who cannot afford standard hospital for the delivery of their children- which is why they opt for maternity centers or enroll under a midwife / Duala. So, if you are midwife and you are interested in starting a business in the healthcare industry, then one of your options is to open a maternity center; a rural area might be the most thriving location for this type of business.
It is important that you would need a license from the required medical regulatory authority before you can legally operate a private maternity center in Nigeria most especially Lagos state.
MUST SEE: The Requirement And Registration Policy For Establishing Health Care Facility In Nigeria
7). Start Health Related Program on Television
If you are a doctor, a pharmacist, a wellness coach or a professional in the medical field, who is looking to start a simple business in the healthcare industry, one of your options is to start a health related program on television.
No doubt there are loads of people out there who would always tune in the watch health related programs on TV. The truth is that if the program is well packaged, you wouldn’t find it difficult to secure lucrative sponsorship deals from corporate organizations and stakeholders in the healthcare industry.
8). Start Health Talk Show on Radio
Another business in the healthcare sector that is similar to starting a health related program on television is to start a health related talk show on radio. It is a fact that radio enjoys more patronages than television and also it is cheaper to air a program on radio versus television.
So, if you are considering starting a simple business in the healthcare industry, then one of your options is to start a health talk show on radio. The truth is that if the program is well packaged, you wouldn’t find it difficult to secure lucrative sponsorship deals from corporate organizations and stakeholders in the healthcare industry.
9). Child Care Centre:
Child care centre’s are pre-schools that care-for and supervise children usually between the age of 3months to 10 years; whether disabled or not. These centres can be run by anyone that has passion for kids most especially retired Nurses.
Finding a small apartment in a serene neighborhood is a great way to start. As children mostly attracted to colours and toys, you may need to beautiful the apartment to attract kids. As your child care or daycare centre grows overtime, you can move on to a larger environment that doesn’t just provide more convenient child care services, but also runs with the appropriate child care resources any parent would want to tap into.
10). Veterinary Clinic:
A veterinary clinic is simply a hospital for animals. Here, a veterinarian cares-for, prevents, diagnoses, and treats sick, disabled, diseased, injured, or generally unwell animals brought in for treatment. Also known as a pet hospital, a veterinary hospital can treat almost all ailments any domestic animal may experience.
With the rising ownership rate of pets in various parts of the world, a veterinary Nurse with some experience can setup a veterinary clinic in a neighbourhood common with people who buy pets a lot, and also market their services through other regular hospitals that get patients that may largely own pets.
11). Start Retailing Herbal Medicines
Another easy to establish business to start in the healthcare industry is to start retailing herbal medicines. It is a thriving and profitable business to start and you may need a license to successfully retail herbal medicines.
As a result, if you are looking for a simple business to start in the healthcare sector, then one of the options available to you is to go into the retailing of herbal drugs. As a matter of fact in some quarters, people feel that herbal medicines are safer because they believe it is organic and it does not have any side effect.
12). Start a Medical Coding Business
Another interesting, thriving and profitable business that an entrepreneur who is interested in starting a business in the healthcare industry can successfully start is a medical coding business. If you are good with computers and programming, you can successfully start a medical coding business for hospitals, medical labs, diagnostic centers and medical centers et al.
SEE ALSO: How To Transform Your Life And Be Exceptional In Six Months
Your basic task is simply to work with Doctors and medical directors to encode documents for the purpose of proper insurance filing. You may consider getting some training in the computer field. This is so that you can be vast in the trade that you want to delve into.
13). Start a Health Management Organization (HMO)
Health management organization (HMO) is yet another thriving and profitable business that an investor who is interested in investing in the healthcare sector should consider starting. Health management organization (HMO) as the name applies serves as intermediary between individuals / organizations and hospitals.
They market health plans to people who are interested in paying upfront for medical treatments for themselves and their family members. So, if you are looking towards starting a business in the healthcare industry, then one of your options is to start a health management organization (HMO).
14). Start a Non-Emergency Medical Transportation Services (Private Ambulance Services)
Non – emergency medical transportation services or ambulance services as it is popularly called is yet another thriving and profitable business that an entrepreneur who is interested in making money from the healthcare industry should consider starting.
There is a huge market for this type of services simply because there are loads of sick people out there who cannot transport themselves to hospital hence the need for private ambulance services. People who are paralyzed, down with stroke, on a wheel chair and too frail to move are some of the people that need this services. Hence, if you are looking towards starting a business in the healthcare sector, then one of your options is to start a non – emergency medical transportation services or ambulance services.
Be an opportunity specialist. Money hides in people’s problems, the man who can solve the problem will get the money. Nobody will come to your house and make your dreams come through.
15). Start a Pediatric Clinic
If you are a qualified pediatrician and are interested in starting a business in the healthcare industry, then one of your best options is to open a pediatric clinic.
Of course it is a capital intensive project to build a pediatric clinic, but the truth remains that it is indeed a profitable venture especially if you conduct a thorough feasibility studies and market survey before choosing a location for your pediatric clinic. As a matter of fact, parents prefer taking their kids to pediatric clinic as against general hospital because they know that they are likely going to get the best treatment for their kids.
16). Elderly Care Business
Another thriving and profitable business that a medical professional preferably a qualified nurse who is interested in starting a business in the healthcare sector should consider starting is to go into elderly care business. It is a business that takes care of the elderly and of course there will always be the aged amongst, us who would need this type of services from time to time.
So, if you are thinking of starting this type of business, then it will pay you to conduct a thorough feasibility studies and market survey before choosing a location for this type of business. Demography matters a lot when it comes to position this type of business. Of course an estate with populated with retirees and aging people are most suitable for this type of business.
17). Start Organizing Health and Medical Fairs
There are loads of players in the healthcare value chain who are looking for platforms to showcase and market their services to their target market. One of such platforms is the health and medical fairs; a place where entrepreneurs and organizations in the healthcare industry can attend to promote and market their goods and services.
So, if you are good at organizing events and you are interested in starting a business in the healthcare industry, then one of your options is to start organizing health and medical fairs. You can organize this event at a city level, state level, national level and international level. The truth is that, if the medical fair is well organized, you will sure attract not just startups in the healthcare industry, but also major players in the healthcare industry.
18). Drug Testing Centre:
Drug testing centres analyse biological specimens like sweat, hair, urine, saliva, blood, and more, to test for the presence or absence of some specific drugs in a person’s body system. These centres carry out drug tests for universities on new students, sports bodies on athletes, and even the police force on suspects.
Running a side drug screening centre as a certified medical laboratory professional, can create an alternative source of income that generates substantial revenues monthly, by carrying out drug tests on specific individuals demanded independently, or by specific bodies.
19). Non Emergency Medical Transport Services:
Emergency medical transport services are healthcare services dedicated for out-of-hospital medical care through the emergency transport & treatment of patients in critical need to reach hospitals as soon as possible.
Since regulations make it difficult for just anyone to offer emergency medical transport services, non emergency medical transport services are then exploitable opportunities. You could offer these services without paramedic care, by positioning your brand as a partner with several hospitals to get non critical clients to the hospitals as soon as possible.
Some ways to do this is through an air ambulance system, road ambulance system, and several other non emergency transportation means.
Before you take-off in this business, you need to know some basic requirement needed for you operate in the industry, so you don’t get to be on the wrong side of the law and lose your valuable investments.
20). Medical Waste Disposal:
Healthcare professionals have an obligation to dispose waste in the most efficient ways that would protect both the public and the environment. These wastes; largely hospital wastes, such as used syringes, blood giving set, amputated part of the body, blood, etc have difficulties being handled properly, because of the sensitive nature of their causes or potential effects.
Taking advantage of this by offering a medical waste disposal (inclusive of biomedical waste management or disposal) service to various hospitals can land you a great deal for a potential large business.
21). Skin Care Centres:
Skin care centres carry out services that help maintain the integrity of our skins through practices in nutrition, sun protection, cosmetics, skin relief treatments, and a lot more. The skincare doctors that generally handle skin related cases are largely called dermatologists. You can also undergo some professional courses to qualify you as a dermatological technicians.
By running a skin care centre, you could provide laser skin treatment, facial treatment, and a lot more. If you’re not a certified dermatologist, find one, and partner with the person as an investor.
22). Scanning Centres:
Scanning centres are too important to the effective treatment of several medical cases, ranging from bone fractures, pregnancy defects, and much more. Their crucial services makes them a top go-to by several patients for various issues. Even hospitals partner with various scanning centres to reduce the cost of their scanning services for all customers they refer to them.
As a healthcare professional, you could take advantage of the scanning industry by partnering with other certified individuals that can provide the service with an MRI, CT-Scan, Sonography scan, 3d scanner, a pregnancy scan, and a lot more. You can also be trained as a doctor or Nurse on the act of sonography.
23). Pharmaceutical Distribution:
Pharmaceutical distribution is the wholesale distribution of drugs to retail pharmacies. This business model can be carried out by almost anyone, as there’s no restriction to it in Nigeria, unlike the restrictions placed on running a pharmacy.
As a pharmaceutical distributor, you can trade wholesale medical supplies to pharmacies and hospitals both online and offline.
24). Retail Pharmacies:
Retail pharmacies are largely roadside pharmacies people run to when they have a drug need, an ailment, or some other medical need. An average retail pharmacy usually caters to a specific neighbourhood and has a constant recurrent inflow of customers, as long as they mostly always have the drugs requested.
If you’re an inducted pharmacist or pharmacy technicians, you can start up one after acquiring the required permits.
An example of a very successful pharmacy in Lagos, Nigeria, is the HealthPlus pharmacy. They’ve left a major imprint on the minds of Lagosians by running a large pharmacy chain with many branches, and are expanding rapidly across the country.
As a nurse you can set up a pharmacy business while you employed a pharmacist for the registration. An average cost to set up a pharmacy in Lagos state from renting an apartment to registration is #1.8 million. If you are interested in this business, I can guide you on how to begin..
25). Medical Laboratories:
A medical laboratory or clinical laboratory is a place where tests are carried out to get adequate information about the health of patients, to either diagnose, treat, or prevent a disease.
By partnering with a clinical laboratory scientist to set up medical laboratories, you can set up testing centres around the country that offer tests at extremely low prices in partnership with so many hospitals. Once they’re aware of your effective and affordable testing solutions, they’d refer clients that require serious testing needs to your medical laboratories. As a Nurse or doctor, you can set up a laboratory while you employ a license laboratory scientist for registration.
26). Aerobics Centre:
Aerobic centres are places where people carry out rigorous exercises designed to increase cardiovascular efficiency. They cater majorly to people with weight issues, cardiovascular problems, and also people who need to undergo rigorous physiotherapy sessions.
Some hospitals usually do have aerobic centres, but a large population of hospitals refer their patients to places they can carryout aerobic activities.
You can start up an aerobic centre close to a government hospital, and seek the recommendation of the doctors. Asides taking advantage of the patient base as clients, you can also promote the centre through social awareness through facebook, twitter, instagram and other strategic partnerships.
Dieticians, also known as nutritionists, are simply experts in dietetics. They primarily alter their patients diet to suit their conditions and medical needs. As a dietician, your primary focus is on human nutrition and the general regulation of a person’s diet.
Before you can take on the role of a dietician, you need to be a certified healthcare professional with a license to diagnose, assess, and also treat nutritional problems.
While the market for certified nutritionists may not be extensive in Nigeria, in America, the demand for their services are at an explosive rate. I do advice all Nurses to take come courses to become a Nutritionist because its very lucrative.
28). Fitness Centre:
Fitness centres are places with various exercise equipments people use to workout, in other to build various muscles in their bodies or to also burn fat. People flock them on weekdays and majorly on weekends to keep fit and equally build a great physique.
You can tap into the fitness community by building a fitness centre where people would pay a certain sum monthly, weekly, or daily, to maintain their gym membership and also make personal training requests when they can’t always make it to the gym.
Who else is capable of supervising your fitness if not Nurses and Doctors?
29).Weight Loss Clinic:
Weight loss is one of the biggest sectors in the healthcare industry. In America alone, the obese state of the citizens is getting alarming, while in Nigeria, many ladies worry about their over-weight status and are looking for every means to shed some weight. To burn off this excess fat, they visit gyms, aerobic centres, and much more in a desperate bid to build their self-confidence through a weight loss program.
You could take advantage of this desperation by setting up a weight loss clinic dedicated solely to helping ladies lose weight. The clinic could span through a lot of services, and must have all the resources required to help anyone shed any excess weight they find troubling, including the sale of effective weight loss pills, creating weight loss diets; especially low carb diets, and a lot more.
30). Mobile Medical Screening:
This is pretty much a mini-health clinic in motion. With a moving medical screening van or some other mobile device, you can provide flu, eyesight, hearing, malaria, and blood sugar tests on the fly.
While this model may not be a norm in Nigeria, it’s growing in the western parts of the world and becoming a business model many venture into.
31). Concierge Doctor
Concierge doctors/Nursing work on retainer for specific patients or organizations and often travel to their patients to provide care and the patient pays for their services.
32). Doula midwife
Doulas are professionals who provide various services to make the childbirth process easier and more comfortable for parents. And the patient pays for her services which is usually very expensive.
Psychologists or Counselors do not prescribe medication to their patients. But they do help patients with a variety of mental health issues through other forms of therapy. They counsel clients on various issues of life while the patient pays for their sessions monthly or weekly or yearly.
34). Medical Bookstore Owner
You can also open a bookstore, either in person or online, that specializes in selling medical and wellness related books and publications. Everyday, medical and Nursing students find it difficulty to acquire some specific text books due to its scarcity. You can help them solve this problem while they make you rich.
35). Blood Bank Operator
You can also start a blood or plasma bank that collects donations from people and distributes them to medical facilities when needed. Starting a blood bank business is as easy as drinking water from the tap…. All you need is a donor and a blood bank refrigerator.
36). Teaching/lecturing/medical seminars
If you have some affiliate links, you could be organizing medical and nursing training to equipped nurses and doctors on knowledge. With certificate offered you get paid. Some of the trainings are BLS, ACLS, FIRST AID, ECG, SCAN, EEG, CPR ETC.
37). Develop a Healthcare App
Both healthcare providers and individuals alike are increasingly turning to mobile apps to track, record, and manage medical conditions. The world is your oyster if you’re skilled in app development or get an expert to develop one for you, so you might want to consider developing your own healthcare app targeting these markets.
38). Nursing home
A nursing home is a place for people who don’t need to be in a hospital but can’t be cared for at home. Most nursing homes have nursing aides and skilled nurses on hand 24 hours a day. Some nursing homes are set up like a hospital. The staff provides medical care, as well as physical, speech and occupational therapy. Investing such business is like a free oil well and it’s easy and Affordable to commence.
39). Health Information Website
If you are an healthcare professional, consider starting a website to provide healthcare information and advice. You can create all kinds of content, such as podcasts, YouTube videos, and even online classes, in addition to blog posts. As the websites grows with enormous traffic, people will pay to advertise on your page.
You might even be able to get healthcare experts to contribute content for free in exchange for the publicity your site offers. There are a lot of options. Assist Blogger (Dapo Obembe) can help you develop a website.
40). Stylish Uniforms for Medical Professionals
Medical professionals who wear scrubs to work are always looking for affordable and durable uniforms. They’re also looking for stylish uniforms and those aren’t as easy to find.
If you’re into fashion, you need to start outfitting doctors, nurses, and medical staff, start a store selling scrubs, comfortable shoes, lab coats, and other gear for healthcare professionals. You can design the goods yourself or source them from multiple places, and encourage your customers with word-of-mouth incentives to drive sales.
There are a lot of potential openings for Nurses and Doctors interested in the healthcare sector and many opportunities for healthcare business ideas to become real, sustainable businesses. I understand there are fears of the unknown restricting people from investing. Should you need a mentor in any of the ideas listed above, reach out to us on:
NOTE: Mentorship Enrollment is #25,000 and be sure you are ready to Learn.
What is your view about this article? we like to hear from you……..
A very insightful, educative and informative post..An eye opener..Thanks sir, you’ve done well..
Do i need any registration gor having a blood bank?
This is insightful. Having one source of income is a step away from poverty. But possessing what people can pay you for is wealth. I have got great interest in Paediatric clinic and two others.
Thanks for sharing your knowledge. It’s a wake up motivation
Highly innovative and eye opener. Thanks so much for this.
This is awesome, I think being an entrepreneur gives me more enlightenment and confidence as a nurse,i appreciate your efforts for taking so much time to led out this opportunities, I have chosen from this list I will try it out
Beautiful ideas. Thank you
I am interested in health information.
It is mind blowing.It is am eye opener,
Thanks you boss, more insight from the ORACLE.
GOD BLESS YOU SIR.
Whao, you are doing a great job hear, Weldon and thank you so much for these eye openers.
Wao ooo dis is great,l Neva taught of dis,than wasting time to collect pin but,thanks,more love for dis.