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💡 Mastering Health Tech for the Elderly
A Side Hustle with Growing Demand: Tech Driven Elderly Care
Odd night
January 26, 2024
Welcome to another Odd Night revelation, where we're bridging the gap between cutting-edge health tech and the elderly.
In a world where instant health data is becoming the norm, we're spotlighting a side hustle that ensures no one is left behind, especially our seniors.
Let’s unveil how remote health tech services can revolutionize eldercare.
Here’s what we got for you today:
💰 How to cash in on tech services for the elderly
📃 Top ranked skill for entrepreneurs
🤖 Expansive interview with the CEO behind Rabbit R1
Today’s Drop 💼
👴Health Tech Services for the Elderly
🍿 The Big Picture:
The health tech wave is surging, with innovations like the Withings U-Scan revolutionizing how we access health data.
One of the many examples of new health tech is this urine sensor, designed for home use, it analyzes urine for health metrics and sends the results to a smartphone.
It's a game-changer, but not everyone can keep up, especially those that can benefit the most from it - the elderly.
This is where you come in. By offering remote health tech services, you bridge this gap, ensuring seniors benefit from these advancements.
🛠 The Idea:
Start a service that brings the latest health tech to the elderly in a user-friendly way.
You will be setting up seniors with easy-to-use health gadgets like the Withing's U-Scan, or a Whoop wristband for sleep monitoring.
You'll remotely track and explain their health data for them or their loved ones.
It's about making advanced health tech simple and accessible for seniors, offering them not just tools, but also understanding and comfort.
Getting Started:
Learn the Tech:
Become an expert in health tech products, especially those suitable for seniors.
Develop Your Service:
Create a process for remote monitoring and data interpretation to keep track of your clients' health.
Educate and Support:
Teach seniors or their families how to use these devices, ensuring they're comfortable and informed.
Spread the Word:
Market your service in communities with elderly populations, emphasizing the ease and benefits of your health tech solutions.
🔥 Is the Market Hot?
The global senior care technologies market, valued at $43.38 Billion in 2022, is a testament to the soaring demand for health tech.
The real opportunity is in making this tech accessible to the elderly, a group often overlooked in the tech world.
🍞 Revenue Potential:
Charge an installation fee for setting up the devices and a monthly subscription for ongoing monitoring and data interpretation.
For instance, if you service 25 clients monthly at an average fee of $700, that's $17,500 upfront.
Add a $90 monthly subscription, and by year-end, you're looking at a significant recurring revenue stream.
🎯 Conclusion:
This isn't just a business; it's a chance to make a real difference in the lives of the elderly.
By connecting them with the latest health tech, you're not only enhancing their well-being but also empowering them in a tech-driven world.
It's time to step up and turn this opportunity into a thriving venture. Let's bring the future of health monitoring to those who need it most!
Tweet of the Day
In the laundry list of requirements for being an entrepreneur, I'd consider "figuring stuff out on your own" as the top-ranked skill.
— Justin Welsh (@thejustinwelsh)
5:50 PM • Jan 23, 2024
Midnight Meme 😂
Odd Notes🕵️♂️
Snippets from the shadows
That's a wrap for tonight's Odd Night insight. Stay tuned for more breakthrough ideas as we continue to navigate the ever-evolving world of side hustles.
Have a business idea that we could feature? Hit reply and share the 411. If we ride with your plan, you'll see your name in the credits. That a deal?
Disclaimer: This newsletter is educational, not financial advice. Exercise caution and conduct personal research before making investment decisions.