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 is operated on a very unique model that allows you to sell goods directly to your customers without holding any stock. Suppliers for this business have been sourced from long term suppliers with warehouses based typically in the US and Australia with fast shipping options which is especially crucial during busy periods.
With this business, 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 Dropship 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.
- ABN Registration Assistance (If Required)
- Professionally Designed Logo
- Australian Developed Ecommerce Ready Website.
- Custom Designed Website Graphics
- Page Content Writing
- Supplier Verification System
- Complete Product Catalog Import
- Transfer of Hosted Database
- Email Address Setup
- SSL Security Install & Setup
- Set up of New Hosting and Transfer
- Built-in Advanced Drop-Ship System
- Automatic Supplier Score Feature
- Accounting Software Integration
- Live Chat Integration
- PDF Email Invoice Integration
- Abandoned Cart Integration
- Ownership of all Master Graphics
- Facebook Page Setup
- Instagram Account Setup
- Custom Designed Facebook Adverts & Banner
- Google My Business Profile
- Google Adwords Campaign
- Submission to 30 Aussie Business Directories
- Multi Currency Converter
- PayPal Payment Setup
- Credit Card Payment Setup
- Afterpay Payment Setup
- 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
Ready to Build Business Highlights
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 Interest Free loans.
Our Interest Free finance will suit all applicant types including secured, unsecured and those with credit impairments. We even recognise payments from Centrelink as an income*
To determine your repayments and request finance for this business, please visit our interest free finance section.
* Max approval amount for Centrelink applicants is $5000.
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, our admin staff will draft a sales development agreement for you to review and sign. You'll then only need to pay a 50% deposit until the completion of the development.
STEP 4 - Development Phase
The development process commences as per the inclusion list (And any add-on's agreed upon). This'll take 3 - 6 weeks approx. Once complete, we'll ask you to review the site before handover & transfer.