Over recent years, the health and fitness industry has grown exponentially. According to the IHRSA, the $30 billion industry has grown by 3–4 percent annually over the last 10 years and shows no signs of slowing down. For prospective entrepreneurs who aren’t sure where to start, the health and fitness industry has great earning potential and can help you create a profitable venture. With that in mind, here are some exciting ideas and trends in the industry that are worth exploring.
Health and fitness blogging
Health and fitness bloggers have become increasingly popular, and blogging is continuing to grow as a creative outlet. Blogging allows individuals to combine their passion for writing with their love for health and fitness. Since blogging is a great way to generate extra income, it’s worth exploring for anyone looking to create their own side hustle, become their own boss, or work more flexible hours.
In addition, many health and fitness businesses with an online presence hire freelance bloggers to create fitness-related content.
Starting your own CBD business
The cannabidiol (“CBD”) industry has experienced exponential growth over recent years. In fact, a recent report projects that the industry will generate $22 billion in revenue by 2022. CBD’s immense growth potential makes selling CBD a lucrative way for health and fitness lovers to make extra money or start their own business.
In order to start a successful CBD business, you’ll need to research different CBD products and companies. CBD is now offered in a variety of products. Researching product reviews and quality control procedures from authority sites can help you determine what kind of products you’re interested in selling. For instance, if a certain CBD oil or patch interests you, sites like The CBD Insider offer comprehensive reviews which can help you decide if the product is right for you.
Make sure to consider local regulatory laws before selling CBD. After determining what kind of products you want to sell, start researching CBD affiliate programs. While all CBD affiliate programs pay commissions to sellers, each company’s program is different. If you’re interested in a company, don’t be afraid to contact them and ask about their affiliate program options.
Selling dietary supplements
If you take dietary supplements regularly, you may want to consider selling them to others. Selling dietary supplements can help you educate and help others who are trying to reach their health and fitness goals. With the right supplement manufacturer, you’ll be able to start your own business as a dietary supplement distributor.
Those interested in creating their own dietary supplements should look into working with a soft gel manufacturing service. Many softgel manufacturing services offer color, shape, and size customization of softgel supplements. As a distributor, you’ll be able to work with a manufacturing team to formulate and price your product.
Along with dietary supplements, there is an increasing demand for weight loss products. The U.S. weight loss market reached $68.2 billion in 2017 and is continuing to grow. Many people are passionate about health and fitness for weight loss purposes, so selling weight loss products can also help you earn a profit.
Creating your own health coaching business is also becoming a popular venture in the health and fitness industry. More and more consumers are turning to online health coaching for health and fitness advice. As a result, prospective entrepreneurs with limited time have the option of running their own business from home. Since more companies are beginning to offer health coaching options to employees, corporate health coaching is another option with great earning potential.
With the significant growth of the health and fitness industry, now is a better time than ever to explore potential business ideas. With hard work and determination, you’ll be able to turn your passion for health and fitness into a source of income.