Are you a compassionate person? Are you patient? Can you communicate effectively with seniors?
These are just some of the questions you will have to ask yourself before you start any kind of business aimed at baby boomers, which is recorded at 74.9 million – that’s almost 40 percent of the nation’s population!
One underserved market for seniors happens to be in the Non-Emergency Medical Transport (NEMT), such as taking patients to medical appointments.
While it’s pretty easy to start an NEMT service, you still need certain qualities that will allow you to blend in with your potential clients as your ‘customers’ will be moving slower, speaking slower and needing more attention than most clients in any kind of business.
What potential does the NEMT business have?
The aging of America continues at an alarming rate. Baby Boomers are hitting their senior years and will continue to for several years to come. As we are now living longer, there has been additional pressure placed on the medical system. Changes resulting from this have seen attention placed on more ‘aging at home’ scenarios than ever before.
With seniors living in their homes longer, it puts a demand on services targeting that age demographic. Many older seniors have either lost their driving privileges or had them taken away in response to medical reasons. This in turn reduces the activity and mobility of seniors without physical mobility issues.
As a result, services designed to assist seniors without mobility to do simple tasks, such as go downtown to meet friends for coffee, are becoming commonplace and successful.
How much can you earn?
The rates for this service in the United States range between $25 and $60 per hour. You can earn a decent part-time wage with this kind of service assisting seniors in your neighborhood and community. I emphasize ‘part-time’ because even at just 20-hours per week at a rate of $25 per hour you would make $500 per week or $2,000 per month. With multiple clients asking for your services, or if you’re in a bigger town or metro area, you can charge upwards of $50 or more per hour.
The best way for you to start is to call your local hospice center. Find out if they already work with third-party companies that provide such services.
It might also be a good idea to pick up Joel Davis’ complete guide that will help you navigate this recession-proof business in detail.
Joel started off with one vehicle in 2001 and slowly grew his NEMT business to a million dollar company. If you are able to provide the best service, personalized with friendships and companionship, you will succeed at this venture.
Seniors who learn to trust you and become friends with you will create a valuable bond. That relationship will lead to loyalty and increased business as you begin receiving referrals and recommendations from existing clients as they encourage their friends to use your service.
It all starts with the desire to be helpful.