Mental health issues have grown in India multifold and it’s victims tend to be students, working professionals, common labour, elders, businessmen, and even children. Different people have different reasons to developing some mental health issues. Students tend to develop depression, anxiety, etc like issues driven mostly by academic pressure, etc Working professional become depressed or develop anxiety as a result of job insecurity, overthinking over the loss of job in future. Married couples develop mental issues as a result of lack of employment opportunities. Elders, widows, divorced, become victim of loneliness, and isolation.
When there is a growing market for such needs, why can’t entrepreneurs or those who look for launching a new and a low competitive startup consider developing an online platform or a smartphone application to connect health professionals like psychiatrists, counselors with those who seek help for their mental health issues.
Launching a business of this kind is based on the idea of developing a mobile application, and allowing patients to find and connect with the best psychological health service providers. You will not only earn profit while bridging the gap between people and health service providers but also serve the mankind in the best way possible. This shall bring a lot of improvisation in the accessibility of mental health services and as a result improve the quality of life of people.
You will be creating an app with some of the key features as – user-friendly interface, advanced search filters, telemedicine, appointment schedules, and reminders etc. If you can’t create an app by yourself, hire a profession who will get you the complete job done in a matter of few days or it can even takes weeks before people know about it. Application setup costs might range from 50k to even few lacs, depending on the features you would want to use in your application.
You shall use a number of revenue models to make profit from your business. One of the best ways is using a subscription model in which users will be charged either on a monthly basis or even annually for getting complete access. Earning a commission, certain percentage of counseling service from therapists, psychiatrists, etc after they conduct online counseling sessions with their clients. Sponsorships while collaborating with clinics, insurance service providers, etc and even using advertisements.
