Medical profession is a niche that has the basic aim of saving lives and improving the well-being of the populace. However, there are acres of diamond and income generation avenues embedded in this profession which are indeed very lucrative ventures that when properly harnessed and utilized will not only increase your personal revenue but will also promote the general growth of the health sector.

Well, with the current state of the economy, everyone tends to be affected one way or the other without the exception of those in the medical field. This makes it necessary for one to make extra moves in identifying alternative ways to generate income whether employed or unemployed. You will agree with me that in the medical field, there are quite a lot of medical entrepreneurial opportunities which are probably not utilized or underutilized either due to inadequate knowledge of the existence of such opportunities or lack of proper guidance.

This article will thus serve as an eye-opener that will highlight some of these medical entrepreneurial opportunities that can make you smile to your bank always so sit tight and let’s paddle together.

#1

Setting up a Health facility:

A health facility can be a hospital, a medical laboratory center, a gym, a pharmacy outlet, Ultrasound or x-rays, maternity and psychiatric centers among others. These facilities when birthed may not make you a millionaire immediately but with strategic planning and determination, it will yield amazing results in the long-run. An added advantage is that various outlets or branches can be setup in numerous locations with qualified personal administering medical services.

However for you to be successful you need to ensure adequacy of sophisticated equipment and professional personals that you will employ as you progress in your business. This will distinguish you from medical quacks who provide substandard services with the only aim of making money. Feasibility studies and market survey is equally important as its not advisable to situate your entity on an island but in strategic locations.

#2

Medical Importation:

The medical field is such that requires equipments which can either be manufactured locally or be imported. Instruments such as ECG machines, wheel chairs, crutches, orthopedic beds, automated machines among others can be imported and sold with maximum profits generated. What is just needed here is the requisite knowledge and a licence. Though the medical importation can be a little bit capital intensive, however you can start up with the manufacture of routine hospital equipments such as plasters, bandages, cotton wool, surgical dresses, gauze, medical gloves, needles and syringes and from there proceed to importation of those that are not locally available. You can sign up with companies such as Alibaba.com and begin your importation.

#3

Preparation and Sales of Medical Reagents:

Numerous hospitals and health care centres are always in high demand of reagents including laboratory reagents and medical kits. Venturing into its production and supply is very lucrative most especially when in partnership with various hospital within and outside your locality, you can begin from your immediate environs and then spread your tentacles to other places.

#4

Medical Waste Disposal and Recycling:

The Health and oil sectors are the two major areas with enormous biodegradable and non biodegradable waste production and therefore, proffers a high promising opportunities of making enough money for those in the profession. One can harness this opportunity by setting up a waste disposal and recycling plants and subsequently collaborating with various hospitals and medical centres who will patronize your services. ( For more detailed explanation, subscribe with us to get updates on how to set-up a medical waste disposal plant).


#5

Medical Transcription and Coding:

This is not DNA transcription (lol) rather it’s a method of documenting or writing down what a doctor or any medical practitioner had said or recorded. This is very lucrative most especially from busy hospitals and health centres and one can equally sign up with various companies as an online Virtual assistant where you work with your laptop or your android phones right at the comfort of your home or office. Having sound medical knowledge is a big plus if you wish to excel as there are enormous medical terminologies and jargons which must be written correctly.


transcription and medical coding

#6

Production and Sales of Medical Apps:

As a medical practitioner, learning software programming is an added advantage to your career. You will be able to earn money by generating medical apps for instance, apps for disease diagnosis and treatments, monitoring and documentation of patient details and even medical GPRS apps for emergency services.

You can sign up with Appsmoment and start generating apps for yourself.

#7

Installation of Medical Facilities:

Many medical centres are being erupted almost on a daily basis. As a medical entrepreneur, you can seize the opportunity by making inquiries about the sites and negotiate the installation contract with your clients. Once your works are good, be assured of many installation opportunities and proposals from different individuals and cooperate bodies whenever such arises.


#8

Blogging:

Hey! You may be wondering how a blog can generate income. The truth is that you can make a lot of money from your blog if well managed. Ranging from placing of sponsored advert on your blog where advertisers pay you for their adverts to having an E-commerce shop where you can advertise your manufactured or imported products to the public and even sell your ebooks online especially if you are an expert in your specific field. As a freelance writer, you can be hired to write for various publishing firms including health magazines, newspaper and medical journals.


#9

Online tutoring:

Undoubtedly, online tutoring is another avenue of generating income. Here, you can set up a medical school with varying courses and begin earning just by sharing your knowledge at the convenience of your home or workplace using your laptop or mobile phone. In the same vein, you may decide to manage your own medical school and employ others.

Examples of high paying sites that you can sign up with include:

Tutor.com
Teachable.com
chegg.com


In conclusion

The aforementioned points are some of the medical entrepreneurial opportunities that can earn you reasonable sum of money. Identify the best for yourself and stick to it. We are in 2017 and the way-out of this economic brouhaha is getting our hand working and brain thinking as there are enormous problems begging for our solutions.

Nice 1 but to import medical equipment no be beans

karlboss:
Nice 1 but to import medical equipment no be beans

yea that's true but you can begin small and then grow your business as you make progress