Market ResearchThe global orthopedic braces and support systems market size was valued at USD 3.1 billion in 2015 and is expected to witness an attractive growth projected to reach USD 8.24 Billion by 2022 from USD 5.78 Billion in 2017. Rising incidence of osteoarthritis is considered as one of the key drivers for the market. It is the most common form of arthritis affecting population of all ages. Geriatric population is considered as one of the highest contributors to demand for orthopedic braces and supports. This population is highly susceptible to musculoskeletal disorders. Bones and connecting tissues, such as ligaments and cartilages, naturally weaken with growing age. Sports-related injuries are rising with growing number of sports activities. Athletes are focused on fitness-related activities such as running, cycling, and others. While gaining health benefits through such activities, they are likely to sustain injuries, which can lead to ligament injury. Athletes also use orthopedic braces to protect themselves from further injury during sports activities. There were over 10,000 people in Australia searching various terms such as knee brace, ankle strap and wrist brace. Knee brace was the highest term with 5400 searched per month. Worldwide there were over 200,000 searches for various braces and straps monthly on Google with 135,000 searches alone for knee brace. Please Note: The data shown above is derived solely from the Google search engine and does not consider search data and volume from other search engines.
The PotentialThe Orthopedic Brace and Support Supplies business will become an online retailer of medical and sports related braces and straps for various body regions such as the knee, elbow, ankle, and back. The business owner will be able to supply both consumers and businesses in Australia and various other countries with both pre-branded and with custom branding and packaging.
How Much Could I Make?Using the search data above, we take the sale price of a typical knee brace is $35. Purchasing this directly from our Manufacturer will cost approx $6.00, giving this product a markup of approx 480%. Therefore, if profit is $29 and you converted 0.5% of the 5400 monthly searches for knee braces, your revenue will be $29 x 270 (Sales) = $7,830 / month ** Minus Advertising Costs. ** Please keep in mind that any potential earnings or income mentioned is general in nature and dependent on a variety of factors. It is to be used strictly as a guide only. *** Profit potential also doesn’t include other forms of advertising that can be employed by the owner such as B2B email mailouts, Facebook & Instagram Marketing, Online support groups and more.
How Does it Work?
This business can be operated either as a drop-ship or locally stocked which allows you to fully control your business and even brand your products and packaging. Suppliers for this business have been sourced from Australian and International locations and contact details will be provided upon development of the business.
For dropship models you wont need to hold any stock as goods are shipped directly to the buyer and for locally stocked businesses, minimum order quantities are very low so you really only need to stock on what you need. Ask about which option best suits you.
If you are interested in owning and running this Ready to Build Business opportunity, it involves a development process that takes approximately 2 - 4 weeks and includes business name creation, logo design, website development, social media channels, content writing, marketing campaigns and much more..
What Included in the Sale?
- Domain Name Research & Suggestions
- Transfer & Ownership of domain name.
- Professionally Designed Logo
- Australian Developed Ecommerce Ready Website.
- Custom Designed Website Graphics
- Page Content Writing
- Product Import Management
- Supplier Verification
- Product Catalog Setup & Import
- Product Category Set up
- Import of at least 300 Products
- Transfer of Hosted Database
- Set up of New Hosting and Transfer
- Built-in Advanced Drop-Ship System
- Automatic Supplier Score Feature
- Ownership of all master graphics, banners and logos.
- Accounting Software Integration
- Live Chat Integration
- Site Speed Optimization
- Multi Currency Converter
- Online Payment Setup Guide
- Full Training Video Guides
- 50+ Hours of Marketing Tutorials
- 12 Months of Support by Email, Skype and Phone
- Lifetime Business Technical Support
- 100% Tax Deductible Investment
- No-Risk Business Guarantee
I'm Interested! What Happens Next?
Want to proceed and have us start to develop this business opportunity for you? Simply follow the following 4 steps to get started.
STEP 1 - Submit your Interest
If you are interested in owning and running this online business, you'll simply need to click on the 'SEND AN ENQUIRY' button above and let us know your interested in this business.
STEP 2 - We'll be in Touch
Once your enquiry is received, we'll get in touch with you to discuss the business further. If your happy, we then proceed to draft a sales development agreement for you to review and sign.
STEP 3 - Finalise an Agreement
As soon as the details for your business are confirmed including adding any add-ons and extras, our admin staff will take your details and draft a sales development agreement for you to review and sign.
STEP 4 - Development Phase
The development process commences as per the inclusion list (And any add-on's agreed upon). This'll take 2 - 4 weeks approx. Once complete, we'll ask you to review the site before handover & transfer.
Have No Cash? Finance this Business!
At Readystart we want to make it even easier for you to secure a long term turnkey business opportunity for you and your family. That’s why we now have the ability to offer affordable and easy approval loans starting from $12 / Week.
Use the Calculator below to estimate repayments then send us your finance request using the 'Apply for a pre-approval' button below.
Why Invest in this Business?
More InformationFor more information and to answer any more questions you may have regarding this business opportunity, please do not hesitate to contact us .