All types of medical professionals need specific supplies to do their jobs. Most medical supplies are bought from niche companies that specialize in a certain type of equipment. Though there are many large medical supply companies. It is quite possible for a small independent medical supply business to find success in this industry. If you would like to work in the health care industry, consider starting a medical supply company.
Target market
Target a niche and target market for your medical supply business. Becoming a distributor of medical supplies requires some basic understanding of the medical field. Potential customers will include health-care providers, clinics, hospitals and acupuncture professionals. Then, you will need to decide what type of medical supplies you feel you can sell. However, the company or companies you distribute for will take the time to educate you on the products you will be selling. For example, you can sell supplies to home health aides, midwives, dentists or nursing homes.
Communicate
Contact your state’s public health department or medical board to find out if you need a license. You need them to sell the types of medical supplies you’re interested in carrying. Beside, obtain the permits required in your city and state to start a retail business. This may include a sales and use tax permit, resale permit, assumed name certificate, or Employer Identification Number.
Commercial warehouse
Lease a commercial warehouse that is temperature-controlled to store your inventory. Your storage facility will need to be clean and free of dust to prevent your medical supplies from becoming contaminated. Alternatively, a clean spare room or large closet that you dedicate solely to storing inventory would be suitable.
Wholesale account
Establish wholesale accounts with distributors of medical supplies suitable for your niche. Buying wholesale is necessary to make a profit. Therefore, distributors can search online, in phone books and business directories. You will likely need to provide business documentation and order a minimum dollar amount to open a wholesale account. Moreover, offer incentives for medical professionals to patronize your medical supply company. For instance, you can offer discounted or free shipping, free delivery within your local area or volume discounts.
Market your medical supply business to medical professionals, especially those within your city. You can send flyers and coupons, sponsor medical conventions or health fairs You can also send news releases to local medical associations and professional groups
