If you are a trained healthcare practitioner or marketer, you probably make most of your income through employment or consultancy. However, you can boost your income by joining affiliate networks. The global healthcare industry is worth over $4.5 trillion, so there is plenty of marketing opportunities you can explore.
For example, if you become a hearing aid provider with Phonak, you get access to thorough and detailed research from the company, training, excellent customer support, and advanced audio data. Here are suggestions on how you can make money by promoting healthcare products and services.
Supplements
Several affiliate programs offer marketers a commission for promoting supplements. The products range from weight loss to oral health to skincare and detoxification supplements. Some companies focus on one line of supplements while others sell multiple products.
Affiliates can endorse a wide range of products, including collagen supplements, gut health products, herbal formulas, essential oils, and amino acids. You should focus on products that are safe and effective and offer a good commission rate.
Healthcare Equipment and Machines
Some affiliate programs allow marketers to promote healthcare equipment and machines used in hospitals and by individuals. The items include hospital beds, wheelchairs, diagnostic tools, wound care materials, walking aids, bedpans, and other products used in hospitals and palliative care facilities.
The products may be sorted into categories such as incontinence, wound care, respiratory problems, mobility, urological problems, women’s health, and rehabilitation. There are over 20,000 products you can promote through affiliate marketing programs.
The main target of these products is healthcare and palliative care facilities though some companies target individual clients. The key to success with healthcare products is to select companies with high-quality products, excellent customer care, and attractive commissions.
Health Insurance
Most insurers have affiliate programs that healthcare practitioners can join and make a commission for every referral. There are also health insurance aggregators that provide a wide range of health insurance products from several companies. Typically, affiliates make money whenever a referral applies for health insurance. The commission varies with the type of insurance product sold. For instance, a student insurance referral can earn $10, while a small business insurance referral can earn up to $75.
Smart Gadgets
A wide range of smart gadgets have entered the market in recent years. Most manufacturers offer affiliates a handsome commission for promoting their products. The products range from smartwatches to hearing aids. Most of the gadgets can perform a range of tasks such as tracking heart rates, exercises, and food intake.
When looking for a product to promote, look at its popularity or market share and the commissions on offer. Some brands also have very strong networking capabilities and provide affiliates with data to inform their marketing decisions.
Independent Labs
Several labs work independently and provide specialized lab services to individual physicians and large healthcare providers. Some even provide lab services to customers without the recommendation of a doctor.
Independent labs have risen in popularity in recent years because they offer people a chance to actively participate in their health care. Clients can use them to confirm or rule out suspected health concerns before visiting healthcare providers.
Most independent labs have affiliate programs that reward healthcare practitioners for referring clients to them. Affiliate programs are also available to health bloggers, independent physicians, and wellness coaches.
Screening Companies
Some healthcare companies specialize in screening and wellness services. They provide clients with health screening tests, including ultrasound, blood tests, EKG and other tests. Such tests help detect the risk of health conditions such as heart disease, kidney problems, arthritis, cancer, and stroke. These companies position themselves as providing more advanced tests than family doctors and traditional healthcare facilities. You can join affiliate programs for screening networks and earn commissions for referring clients.
Promoting Concierge Medical Services
Concierge is an arrangement where physicians offer medical services to patients directly in exchange for a monthly fee. Concierge doctors provide personalized care and direct access. They restrict the number of patients they see such that they have lower volumes than traditional physician practices.
Concierge doctors provide all the services primary care doctors offer, including prescriptions, administering lab tests, diagnostic screening, physical exams, and minor surgeries. In the past, their services were reserved for wealthy clients but have become mainstream in recent years.
Most concierge doctors are members of physician networks that promote their services through affiliate networks. Some also provide telemedicine services where clients can have online consultations.
The medical concierge sector is relatively new but has huge growth potential. You can earn a commission through digital marketing for healthcare and referring clients to affiliated concierge networks.
CBD Products
The CBD oil industry in the US has grown tremendously in recent years and is currently worth over $3 billion. Experts predict the segment will be worth over $20 billion by 2024 due to the growing popularity of CBD and its derivatives.
Affiliate programs include those offered by CBD manufacturers, but there are also opportunities to work with cannabis dispensary networks. The products you can promote include cannabis oils, pet products, CBD gummies, and bath salts. Choose popular brands like Verma Farms or others companies with a reputation for offering quality products and attractive commissions.
Final Remarks
There are several affiliate marketing opportunities that healthcare marketers and practitioners can join to earn commissions. The product you choose may depend on your line of practice, industry knowledge, brand recognition, or commissions. It is also important to consider issues like brand coverage and the legality of some products in your state or country.
