How can I make money doing cryotherapy?

Entrepreneurs often ask "How can I make money doing cryotherapy?" The answer is straightforward: it is first a service business. It is second a promoter of health and recovery. That is a three prong approach for attracting new customers. There are not many businesses that can overlap like that! Moreover you can make money doing cryotherapy and package cryotherapy with other services.

You can make money doing cryotherapy by itself

Starting a cryotherapy business is possible, and highly profitable.

Cryotherapy is a service with a minimum of a 14% return on each session. During a 3 minute session your business will use about five dollars of nitrogen. Making money in cryotherapy is unique in that it only takes a few minutes. In New York City cryotherapy costs upwards of $80.00. In Corona del Mar, California it is currently $55.00. No other business has that type of return in under 5 minutes. Your overhead costs are minimal in that you can run the chamber by yourself and place it in a small room. You may even be able to rent space in an existing salon through a partnership agreement. The salon benefits from cryotherapy drawing in clients. You benefit by having cryotherapy offered to an existing clientele.

You can add cryotherapy to your existing business

Adding cryotherapy to an existing business has major advantages. New customers who are looking for cryo will walk through your door. Tanning salons have seen big increases in walk-in traffic after adding a cryotherapy chamber. Correspondingly, existing customers will add cryotherapy to their appointments or service packages as it appeals to skin health and fitness. You can use cryotherapy to make money by upselling customers and even giving away free sessions.

Give away free cryo to make money?

Salons with the XR cryotherapy chamber have been able to make money by bundling free cryotherapy with other services. Customers look for value in purchasing, and selling cryo for $40.00 sounds expensive. Conversely, adding it “free” to a package deal only costs you roughly $5.00 of nitrogen and allows you to sell more services. Your employee overhead is a sunk-cost. Why? Because they only work 3 minutes for a cryo session. It sounds crazy, but it works because it increases your volume of clients.

Learn more about cryotherapy business and head over to our blogs to learn more about cryotherapy itself.