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Dear Fellow Entrepreneur,
Welcome to the Non-Emergency Medical Transportation Industry, an industry that’s literally growing by the day. How do I know? Because the elderly population is literally in the process of doubling and the medical industry is experiencing huge change.
Further, I know because I started my first company, a NEMT business in 1999. Since then, I have help and untold number of transportation providers and entrepreneurs from all across the country to grow, build, expand and diversify their NEMT businesses.
So what is Non-Emergency Medical Transportation (NEMT)?
Also known as an ambulette service, NEMT is the transportation of people in wheelchairs, stretchers or those ambulatory who need assistance.
Do NOT be confused: This is NOT an ambulance service! This is strictly non-emergency transportation. You do NOT need any kind of special life-saving skills, training or equipment!
With your NEMT service, you will transport people to and from medical appointments, in and out of hospitals, nursing facilities, or from residences to various medical appointments.
And here’s the absolute best part…
Your two niche markets, the medical industry and the elderly population, are not just growing, they’re exponentially booming!
The elderly population is the fastest growing niche market in the world – and it’s only getting bigger! By the year 2030, the US elderly population will have doubled, reaching in excess of 70 million!
The US health care industry is one of the world’s largest and fastest growing industries! By the year 2016, the growth of the US medical industry will have consumed almost 20% of our GDP!
Now seriously, if you have any kind of keen business sense then these two statistics, the growth of the elderly population and that of the medical industry, have got to excite you and gain your interest!
But let’s discuss in further detail why starting a NEMT business is such a great investment for ambitious, motivated entrepreneurs.
For starters, rarely do entrepreneurs think of this kind of business when looking for a business opportunity. Seriously, everyone is focused on the get-rich-quick schemes and no money down pie-in-the-sky dreams of riches.
Seriously, when was the last time you heard someone say “I think I’m going start a NEMT business?” The fact of the matter is you probably haven’t. But you probably know someone, if not even yourself, that has started some kind of “no money down” real estate gig or some other online pie-in-the-sky dream.
So realistically, we are talking about a business opportunity for which (1) your target market is booming, growing faster than any real estate market or any other market, and (2) not everyone knows about, let alone considers, when looking to invest in a new business.
This is further a great opportunity is because it is a service-based business. There are no products to buy, store, ship or sell.
And when you follow my strategies for success, people will be looking for you. They will be looking for your business to meet the needs of their loved one.
If you prepare and operate your business properly, clients will be seeking your service instead of you having to continuously find, chase and solicit customers!
As I did, and so many others, you can literally start your NEMT business from your living room table, your home office or garage. You are going to travel into your community to meet the needs of your clients. You don’t need a high-priced fancy office or an elaborate store front to encourage business.
Think about it. What’s cheaper or more cost effective? Invest in a vehicle that goes out into and meets the needs of your community or invest in real estate for a retail business, franchise, or some other traditional business idea?
And when you start a business from home, it definitely limits your overhead expenses which lead to a BIGGER bottom line and profitability!
Now that we’re talking about profitability, let’s really start to talk about making money!