Health And Wellness Coaching Business

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

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Updated: September 6th, 2024

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

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

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

With a market size of $7B - there’s plenty of business to go around.

Especially considering:

You could start a health and wellness coaching business with as low as $5,000
Based on our data, health and wellness coaching businesses generate an average of $2.04M per year

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 coaching business.

Let’s dive in!

Is a health and wellness coaching business profitable?

Yes, a health and wellness coaching 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 $2.04M per year with an estimated gross margin of 80%, you could expect to recover your investment within 2 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 coaching 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 coaching business is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a health and wellness coaching business worth it?

If you’re wondering if a health and wellness coaching business is worth it, the answer is a big YES. With health and wellness coaching businesses, you have the potential to earn $2.04M 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 $7B, 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 coaching 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 coaching businesses case studies.

Examples Of Profitable Health And Wellness Coaching Businesses

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

1. Healthpreneur ($6M/year)

Yuri Elkaim, the founder and CEO of Healthpreneur®, came up with the idea for his business after receiving numerous requests from health professionals in need of business advice. Realizing that there was a lack of business education in the health industry, Elkaim decided to provide coaches and health professionals with the coaching, systems, and processes they needed to build successful online coaching businesses. With their flagship product, the Health Business Accelerator Program, Healthpreneur® has helped their clients generate over $217 million in revenue and aims to transform the health and lives of 1 billion people worldwide.

Is it profitable? Yes
How much money it makes: $6M/year
How much did it cost to start: $0

How I Make $500K/Month Coaching Health Professionals Generate More Income

Healthpreneur® founder Yuri Elkaim's coaching company has helped naturopaths, functional medicine doctors, dietitians/nutritionists, therapists, online fitness coaches, and health, life, and relationship coaches through transformational coaching paired with predictable systems, frameworks, and processes, generating $217 million for their clients.

Read this case study

Read by 2,759 founders

2. NutritionHQ. ($960K/year)

Ricky Hall, the founder of NutritionHQ, was inspired to start his nutrition store after his own personal weight loss journey. After seeing a picture of himself overweight, he purchased a book about nutrition and supplements, lost over 50 pounds, and became passionate about helping others improve their health. This passion led him to open his first store in 2000 and eventually start NutritionHQ in 2015 after leaving a franchise concept that didn't align with his values. The business has since experienced impressive growth, with overall sales in 2020 beating the previous year by 21.2%.

Is it profitable? Yes
How much money it makes: $960K/year
How much did it cost to start: $175K

How I Started An $80K/Month Vitamins And Supplements Business And Franchising

NutritionHQ is a successful franchise offering expert nutrition coaching, customized supplement plans, and the best health & wellness products, generating over $80k per month, set to expand massively to hit their 2030 goal of 100 locations with the system generating over $10 million in revenue.

Read this case study

Read by 4,694 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 4,099 founders

Learn more about starting a health and wellness coaching business:

Where to start?

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

Need inspiration?

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

Other resources

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

With a health and wellness coaching business, you can make an average of $2.04M revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $5,000. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 2 months.

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

Based on our data, average weekly revenue for a health and wellness coaching business ranges around $42.6K. As such, you could see monthly revenues of $170K.

To know if your health and wellness coaching 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 coaching business.

How much do health and wellness coaching businesses owners make?

The income of a health and wellness coaching 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 coaching business is about $42.6K. 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 coaching 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 Coaching Business Profit Margins

Generally speaking, a health and wellness coaching business can expect profit margin of around 80%. 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 coaching 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 coaching 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 coaching business owners can ensure long-term sustainability and profitability for their business.

Health and wellness coaching business owner salary

The salary of a health and wellness coaching 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 coaching business, in a prime position, might see an average weekly salary around the ballpark of $34.1K.

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 coaching business may be a promising business to start - but the success of your health and wellness coaching 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 coaching business.

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

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