How To Start A DNA Testing Business in 2024

Summary

In this episode of 'Win with Barlo', host Akira Barlo explores the process of starting a DNA testing business in 2024. Emphasizing that no medical background is required, she outlines the basics, such as obtaining an LLC, EIN, and a business bank account. Barlo highlights the importance of a lab partnership, suggesting DDC, Alliance DNA, and Choice DNA as potential partners. She stresses the accessibility and scalability of the business, noting it's 'felon friendly' and not likely to be affected by economic downturns. Barlo also addresses marketing strategies and the value of training, offering her own self-paced e-course for further guidance.

Takeaways

• 🚀 **Starting a DNA Testing Business in 2024**: The podcast episode focuses on launching a DNA testing business, emphasizing it's a viable option for 2024.
• 💡 **No Medical Background Needed**: You don't require any medical qualifications to start a DNA testing business.
• 💸 **Low Startup Costs**: An initial investment of about $1,000 is suggested for training, supplies, and marketing.
• 🔗 **Felon-Friendly Business**: The business is open to individuals with a criminal background, making it accessible for a wider range of entrepreneurs.
• 🔬 **Non-Medical and Recession-Proof**: DNA testing is seen as a stable business, less affected by economic downturns.
• 📈 **Market Potential**: The industry is not considered saturated, with plenty of room for new businesses to enter and grow.
• 🧬 **Simple Business Model**: The business model is straightforward, acting as a reseller of lab services for DNA testing.
• 🏢 **Basic Business Setup**: Essential steps include establishing an LLC, getting an EIN, setting up a website, and opening a business bank account.
• 🤝 **Lab Partnerships Key**: Forming partnerships with DNA testing labs like DDC, Alliance DNA, or Choice DNA is crucial for processing tests.
• 📈 **Scaling the Business**: The business is scalable, with potential for growth as you build your client base and partnerships.
• 📊 **Marketing Strategies**: Marketing is vital for client acquisition, with recommendations for social media ads, flyers, and partnerships with professionals like attorneys.

Q & A

What is the main topic of the 'Win with Barlo' podcast episode?

The main topic of the 'Win with Barlo' podcast episode is starting a DNA testing business, specifically focusing on how to establish a non-medical mobile lab in 2024.

Who is the host of the 'Win with Barlo' podcast?

The host of the 'Win with Barlo' podcast is Akira Barlo.

What type of background is required to start a DNA testing business according to the podcast?

According to the podcast, no medical background is required to start a DNA testing business. You don't have to be a nurse, CNA, or LP; any individual can start this type of business.

How much capital is recommended to start a DNA testing business?

The podcast recommends having around $1,000 to start a DNA testing business, which covers training supplies, marketing, and other basic expenses.

Is it possible to start a DNA testing business if you have a criminal background?

Yes, the business is described as 'felon friendly,' meaning that having a criminal background should not prevent someone from starting a DNA testing business.

What are some reasons why the DNA testing business might be resistant to economic downturns?

The podcast suggests that DNA testing is a service that is not going out of style and is sought for various reasons, implying that it is recession and economy proof.

What is a lab partnership in the context of a DNA testing business?

A lab partnership refers to the collaboration between the DNA testing business and a lab that processes the DNA collections and provides the results.

Which labs are recommended for partnering in a DNA testing business?

The podcast recommends partnering with labs such as DDC (DNA Diagnostic Center), Alliance DNA, and Choice DNA.

What are some ways to market a DNA testing business?

The podcast suggests marketing strategies such as creating flyers, using bandit signs if legal, running social media ads, and partnering with professionals like attorneys and doctors.

Is there any special training or certification required to perform DNA tests?

The podcast indicates that there is no specific training or certification required to start a DNA testing business. However, it recommends taking a training course for guidance and to avoid mistakes.

What is the process for collecting DNA samples as described in the podcast?

The podcast describes the process as typically involving a swab, not blood, unless it's for specific tests like gender reveals or non-invasive prenatal DNA testing, which require phlebotomy certification.