Successful Local Wellness Businesses To Inspire Your Journey
Venturing into the wellness space may be seen as making a bold or even a risky move given today’s highly uncertain economy. Some may even think that a wellness business is not “investment friendly”. These same individuals may also be basing their logic around similar notions like the stock market is performing poorly and inflation is at its peak.
As such, you may find yourself postponing the launch of your wellness business or holding back from investing more funds into your health recovery start-up. But as John Adams, the second US president, once said, “every problem is an opportunity in disguise.” Therefore, we’d only be a fool to think EVERYONE’s going to fail.
In fact, several brands have made it in the wellness and recovery space and so can you! We have compiled the top successful local wellness businesses that will inspire you to succeed in your own journey. Keep reading on…
Model Your Business for Success With Inspiration From the Following Successful Wellness Businesses
According to the BLS, about 20% of businesses fail in the first year and 45% during the next five years with only 25% making it to the next 15 years.¹ A good way to avoid failure is to keenly study what successful brands are doing and use the insights to model yours. The following brands will inspire you to start a successful business.
1. Hims and Hers
Founded in 2017, Hims and Hers is a wellness brand that takes a modern approach to tackling stigmatized health problems surrounding men and women. Some topics such as baldness and erectile dysfunctions are difficult to talk about and most people would rather keep to themselves.
Hims and Hers makes it simple for the affected people to seek healthcare without discussing it in a hospital. The brand uses an informal yet educative approach to tackle such problems head-on.
They foster confidence in their clients through an online diagnosis and prescription service which connects you to a physician. Better yet, they dispatch your prescription and ship it to the customer’s residence so they won't have to leave their home.
The company is fast growing thanks to the $200+ funding it receives. Its success can also be attributed to the customer’s trust in its products which are medical grade, FDA approved and backed by medicine.
2. Fitbod
Fitbod is a fitness app launched in 2015 in San Fransisco to help fitness enthusiasts stay ahead of their fitness goals. The app provides individualized workout programs aimed to help users get the most out of their indoor training equipment usage. It also helps them practice better strength training.
The app analyzes a user’s workout data to come up with suitable workout plans depending on one’s physical capabilities. It also uses workout history to help a user utilize available gym equipment and introduce new workouts and exercises.
The brand has since grown especially due to covid 19. People couldn't visit gyms or fitness centers but they needed to stay fit. The app came and still comes in handy because it enables clients to keep fit by working out from the comfort of their homes.
3. Restore Hyper Wellness
Restore is a wellness brand offering cutting-edge wellness services such as IV drip therapy, compression, infrared sauna, and more. The brand has won many awards including the hottest franchise in America in 2019, Entrepreneur franchise 500 in 2021 and 2022, and the best in the business wellness category in 2020.
The Restore website gets over 90K per month of website traffic. Its mission is to help people feel their best by making Restore accessible and affordable to many. Clearly, they have been successful at accomplishing their mission from the above awards and recognition.
The brand draws its strength from making its services accessible nationwide. So far, Restore is available in more than 125 locations. A client simply needs to book an appointment and then find the nearest location next to them.
Clients also have the freedom to create a customized plan with Restore’s membership options and packages. Subsequently, clients get a plan that meets their needs which is a key secret to winning and retaining clients.
4. Breg Inc
Breg specializes in making orthopedic braces as well as simplified DME programs that walks clients through their healing journey. Breg Inc offers high-quality, highly beneficial sports medicine goods and services that promote orthopedic patient treatment.
They prioritize their client’s comfort while recovering. As such, they have gone the extra mile to provide orthopedic products that allow clients to enjoy recovery wherever they are. A patient can choose to stay at the clinic or receive health care at home.
The strength of the Breg brand comes from their undivided support to health care facilities through partnerships. Partnerships help them to expand their market and reach more clients. Also, they offer unwavering support to their clients to ensure they recover faster.
On their website, you will find stories of previous clients. They share how Breg's services helped them recover and enjoy a better life. These stories of real-life people getting real results are a powerful way to convince prospects to try their brand.
Launch and Run a Successful Business With Insights From Successful Wellness Businesses
Although the global wellness market size dropped to $4.4 trillion in 2020 from $4.9 in 2019 (due largely to the pandemic), the market is estimated to continue growing at a historic rate.² Some can argue that people are now more aware of their health than ever before.
The above brands will inspire you to start and run a successful local wellness business.
Founded on facts: for peer-reviewed articles, scholarly journals, and articles cited above please see the below sources.
The global wellness economy https://globalwellnessinstitute.org/press-room/statistics-and-facts/
Reasons new businesses fail https://www.investopedia.com/financial-edge/1010/top-6-reasons-new-businesses-fail.aspx
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