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5 Ways You Can Invest And Earn In The Health Sector - Health - Nairaland

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5 Ways You Can Invest And Earn In The Health Sector by greenhealthng(m): 7:28am On Jan 21, 2017
The health sector is an untapped goldmine in our country, Nigeria. Several opportunities lie unattended to and waste away as years go by. The good news is that you must not be a health professional or acquire certificates in health courses before you can invest in these opportunities or own one. All you need are these four major characteristics.
i. Thorough knowledge about the business

ii. Financial backup or capital to support the business

iii. Passion

iv. Business management skills

When these characteristics are well implemented, you are sure of reaping good profits from your business. Here are six business
opportunities that are available in the health sector.

1. Blogging: Blogging means writing different articles and posts online on a particular niche using a blogging platform like blogger, word press, typepad, etc. on the World Wide Web. A niche is a subject of a particular interest which means you must be interested in a particular niche like health, entertainment, technology, politics, web tools, football, etc. It is very profitable on the long run as you are presented with opportunities in the blogosphere such as adsense, affiliate marketing, advertisement and sponsored contents. Passion and blog content for a particular niche is the key to maintaining a blog and yielding profits in future. It takes time, passion and patience to earn on a blog.

2. Owning a Community Pharmacy: I am a pharmacist but I must tell you that not all pharmacists own a community pharmacy. It goes a long way beyond that. All you need to do is to have a financial muscle to be able to set up a pharmacy, do feasibility studies on the business and employ capable personnels that would handle the business administration. Pharmacies differ from patent medicine stores because the latter sells OTC drugs (over the counter) while the former sells prescription drugs.

These major steps would make you own a pharmacy store:

-Get a fully registered pharmacist under PCN (Pharmaceutical Council of Nigeria) to collaborate in the business and register your premises.
-Register the pharmacy with CAC (Corporate Affairs Commission).
-Get a good location to be able to attract customers to you pharmacy.

3..Health Clinic: Although this venture is capital intensive, the fruits reaped are highly rewarding.

It is essential to conduct a market survey and make a detailed analysis on costs, registration of premises, licensing, type of clinic to start and number of employees. These parameters gives you a clear focus and direction on how to budget for the business and how it can be managed. It is also important to consult those who are experienced in the concerned field for guidance and counseling in starting up a health clinic. It is also advisable to have partners that will fund the project so it can facilitate the business operation.

4. Medical Waste Disposal Plant: Venturing into two business can be very profitable because it doesn’t require a huge starting capital. As the name implies, it involves collection and processing medical wastes such as used disposable hand gloves, used face masks, placentas, syringes and needles, cotton wools rocked with blood etc. The company engages in dropping these wastes at safe places because of the harmful effect it creates on humans. These medical wastes are gotten from hospitals, health clinics, medical and diagnostic centers, dental clinics etc. There are various strategies an investor interested in this business should carry out:

-Do a detailed research and carryout feasibility studies on the business, get a liability insurance to cover and get trained by the appropriate department (e.g. public health) of that country to be able to operate, manage solid waste and toxic waste and learn safety skills.
-Register the business with agencies such as CAC, public health department, ministry of health etc and acquire all vital permits and license.
-Equip your company with the necessary instruments such as incinerators with high quality, steam sterilizers, radioactive detection devices etc.
-Choose a good location that would be approved by the public health department of your country.
-All employees of the plant (drivers, workers) must be properly trained because of the challenges faced in the industry.
-Market your business by applying advertisement strategies and looking for contracts in hospitals, and health centers where they pay for your services.


5. Gym Business: The high rate of obese people in the country is at an alarming rate. The gym business is never separated because a lot of people visit the gym during weekday evenings and on weekends. They keep fit and keep their weight at a normal rate.

-You gain double rewards when you startup this business.
-Financial reward for your customers
-Keeping people healthy and fit
-Take note of these points if you want to venture into gym business
-Carryout a detail search and find out potential clients that would visit your gym. These clients include top civil servants, mothers who stay at home, students etc.
-Obtain the required registrations, permits and license.
-Purchase and install your equipments and decorate the place to be able to look beautiful and attractive to customers.
-A good location plays a vital role in boosting your profits.


source: http://www.greenhealthng.com/2017/01/5-ways-you-can-invest-and-earn-in.html

Re: 5 Ways You Can Invest And Earn In The Health Sector by DeConsultant: 11:44am On Mar 10, 2017
According to the Federal Government drive to making the cost of doing business cheap in Nigeria, do you know that registering a business name, limited liability companies and other allied dealing with the Corporate Affairs Commission is now very easy & faster and can be done by the first directors, proprietors and trustees (promoters).
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