Baby Boomers Play An Important Role In The Growth Of Health and Wellness Industry

A person born between 1946 and 1964 isinto your life on an ongoing basis so that you can
commonly known as a "Baby Boomer". Theyfulfil your desires such as having a new home or
were born post World War II and many countriescar, holidays and travel, children's education, caring
experienced an unusual spike in birth rates, afor aged parents, quality retirement, etc.
phenomenon commonly known as the baby2 Time Freedom
boom. These people are in their forties or olderWhen you have a large passive income, you can
and most of them are in their prime in earningdecide how much time to spend as you wish
power. Although they consist of about one-thirdinstead of working at a job or running a business
of the world's population, they account for aboutfrom dawn till dusk for the best years of your
two-thirds of the sales. Most of them arelife.
expected to live into their eighties. Hence they are3 Good Health - Being in the business, you also
a significant group of people for the right targettake the products for you walk the talk. That
markets.gives you vitality, good health and well-being.
So, what do Baby Boomers want?The Wealth and Health Crisis
Baby Boomers want to feel young, stay fit andMany people are ill-prepared for retirement. Most
be active. They want to keep a youthfulunderestimate the amount of savings they require
appearance. In other words, they don't like to lookto live comfortably in their golden years. As life
( omit "growing") old. Despite their effort, theyexpectancies continue to improve, and costs
can't keep away from degenerative diseasescontinue to rise, there is a real concern that the
which are creeping into their bodies. They look forsuperannuation nest-egg alone will not be sufficient
smart solutions to their health and ageingfor most, in their old age, to maintain the lifestyle
problems.they are accustomed to. Health bills could consist
A growing number of baby boomers are usingof a substantial portion to your overall expenses.
nutritional supplements to maintain optimal healthThere is a saying that by the time you can have
and combat rapid ageing. They are using theseyour superannuation fund, its purchasing power
supplements to prevent or reverse thehas been reduced by inflation to about 20% of
degenerative diseases that plagued their parents.what you can buy today.
Baby Boomers' high disposable income combinedThe solution is not to save more (although that's
with their growing concerns about health are thea good piece of advice), but to earn multiple
foundation for the exponential growth of thestreams of income.
Health and Wellness Industry.Leverage Your Income There are many ways to
Paul Zane Pilzer who is the world renowned trendearn money. Straight salary is linear income. It
forecaster, best-selling author, entrepreneur anddoes not matter whether you are a doctor,
economic advisor to past US Presidents said this:dentist, lawyer, accountant, engineer, teacher, or
"When I look forward to the year 2010, I see awhatever you get paid by the hour for only when
clear one-trillion, dollar (US) business just in theyou work. No work, no pay.
growth of existing products and services in theWorse still, nowadays, more and more high paying
wellness industry and that doesn't include newjobs will be performance-based. This means bonus
products and services that are currently in thewhich consists of a fair portion of the total
laboratory and coming down the pike."remuneration is only payable if what you agreed
Today, more and more evidence from the Journalto deliver has been delivered on time, not how
of American Medical Association (JAMA) influencesmany hours you spend on the job. As a result,
many people to take their health into their ownlong hours and stress are quite common.
hands by using nutritional supplements based onProfessionals and employees trade their own time
scientific research.and effort for money. But there is a limit to how
In the Benefits of Nutritional Supplements, Themuch wealth one can accumulate this way.
Council for Responsible Nutrition (based inThe best way is to earn residual income - income
Washington, D.C.) reviewed over a decade'sthat keeps flowing to you even when you are
worth of scientific research measuring the healthnot working like owning investment properties in
benefits of multivitamins and other nutritionalreal estate or shares, copyrights created by
supplements.authors, pop artists and successful network
They found that nutritional supplements canmarketers.
promote health and help prevent disease amongMost multi-millionaires use leveraging in one form
the baby boomers.or another to generate wealth. They understand
Annette Dickinson, PhD and author of the report,that the combined time and effort of many
said,people always offer a much bigger income
"The critical mass of science now building aroundpotential than what one can earn alone. Network
the material impact of supplementation on adultsMarketing is one of these kinds.
in mid-life is extremely positive.There is a saying, "Do not depend on just one
The data underscores the opportunity babymain source of income for when that stream of
boomers have to significantly improve both theirincome dries up, you are in strife. Instead it is
short and long-term health outlook with veryprudent to have multiple streams of income which
simple lifestyle changes. Like not smoking andwill reduce your risk of exposure to unwanted
getting regular exercise, supplement use is nowevents and will still able to take care of your
being shown to have a dramatic, positive effectfamily and yourself well."
on health"Create A Residual Income Stream Workers get
Timing of Health and Wellness Market:paid each hour, each fortnight, or each month
The Health and Wellness Industry is the largestthat they provide a service.
group in the Direct Marketing Association. ManySmart people continue to earn into the future,
companies aim to be listed on the Stockbased in part on initial efforts. This residual value
Exchange in order to obtain public funds for thegives them not only the money, but the time
growth of their businesses. This industry willfreedom to enjoy it too. A type of business is a
experience substantial growth in the next fewhome business in Network Marketing which could
decades.meet this criterion
Do you want to be one of the smart people whoDespite prejudices and misinformation, the
recognize the trend and use it to start their ownnetwork marketing industry has grown to over
home based businesses? If you have not ownedUSD 100 billion in revenue. The ageing of baby
a home based business, this may open up anboomers; Generation X ( in the thirties of age)
opportunity for you that offers you the benefitsand Generation Y (from 18 to thirty of age) who
that include the following:place more emphasis on balanced lifestyle/family
1 Financial Freedomthan that of their parents will lead to a boom in
It offers you another stream of income flowingthe health and wellness industry.