There are many considerations when setting up a passive income stream in your existing business.
“Passive Income Stream” means: to utilitise existing space that is not currently producing revenue without the need to employ extra staff.
Setting up a Salt Therapy Space:
Pro’s:
The set up of a Salt Therapy space is relatively easy. Provided the space is draft free, you can pump the salt dust into the space for the salt therapy effect. For high use rooms, an air exchange system is required to replace carbon dioxide and air moisture with fresh air outside of the room.
All the aesthetics of the room are based on your overal budget.
Cleaning of the Halogenerator (Salt Generator or Salt Diffuser) is relatively straight forward and takes several minutes each day.
Budget: $4,000 up to $20,000.
Con’s:
As only 1% of the Australian population knows about salt therapy, there is the requirement to invest in education so people learn the benefits and the passive non-invasive nature of this therapy.
You may need to perform free presentations to local community groups to educate them about the benefits of salt therapy.
If you have floor salt, you may require the ongoing cost of disposable booties and hairnets.
As the Halogenerator (depending on budget spent) grinds the salt into a fine powder, there is sound produced for short periods of time that might distract some users.
Setting up a Steam Sauna Space:
Pro’s:
Everybody lpves a good steam. Very little education is required for the user.
Once the room is built correctly it will last for years and privde a consistant income with the right marketing and cross promotion of your service.
Budget: $10,000 up to $40,000.
Con’s:
As the environment is designed for the user to sweat, you will need to provide a shower and change room along with a clean towel for each client.
The steam room MUST be fully water and steam tight and will require hosing down each day, so I drain is required for waste water.
The power consumption could range from 3kW to 20kW per hour depending upon the size of the steam machinery used.
The ongoing cost of washing and cleaning towels and shower access need to be considered.
This article is simply to inspire thought and encourage the business owenr to perform their due diligence.
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