About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Medical Equipment Sales
Startup Costs: $10,000 - $50,000
About
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? Yes
In the wake of ever-advancing medical technology, it pays to sell medical equipment.
Business Overview
Millions of dollars worth of medical equipment is sold each year in the United States, and securing a portion of this very lucrative industry is not difficult, especially for the entrepreneur who carefully researches and plans an entry into the medical equipment sales industry. There are a few different approaches that can be taken in terms of medical equipment sales. The first approach is to establish a retail store that sells medical equipment to customers, as well as to online shoppers via the store’s Web site. The second approach is to become an independent sales consultant who represents various manufacturers of medical equipment. The main focus of this type of medical equipment sales would be to sell medical equipment to hospitals and health centers by solicitating or using the tender process in which hospitals and medical centers routinely ask for bids to replace equipment. Tenders are usually featured in newspapers or you can call the hospital to inquire about current tenders out for bid. Profit potential range is $50,000 to $150,000 per year.
Related Articles
Sales Report
Once tainted by get-rich-quick schemes, the direct-sales industry is changing its image. See what experts and business owners have to say about going direct.
Browse Business Ideas by:
|
Search Business Ideas by:
Select Category:
About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Select Startup Cost Range:
About costs
|