At the risk of sounding like a “finance bro” with an MBA, having multiple streams of income is always a good idea. This is especially true if you’re a therapist. Even though it sucks, therapists are still not paid as much as they should be. People are often unwilling to pay a justified price for sessions, some organisations end up (very wrongly) underpaying freshers, and whatnot.
Given all of this, it's common for therapists to diversify their income streams to create a stable and sustainable practice. Here are some creative things you can do as a side hustle too for therapist income diversification:
Workshop and Seminar Income: Offering workshops, training sessions, or seminars on specific topics can be a way for therapists to share their expertise with a larger audience. You can even create your own online courses or trainings.
Consultation Services: The seasons therapists among our lot may provide consultation services to other mental health professionals, organizations, or businesses seeking guidance on specific issues related to mental health and well-being. With more organisations focusing on mental health, you can look into corporate consulting, or roles in the development sector.
Supervision and Mentorship Income: If you have significant experience and expertise, you can think of helping a fellow therapist out! You can offer supervision to less experienced therapists, providing guidance and mentorship.
Writing and Publication Income for Therapists: If you have a nerdy, academic side, you can generate income by writing books, articles, or blog posts on mental health topics. You can also contribute content to websites, magazines, or academic journals.
Support Group Facilitation for Therapists: If you have expertise in a certain mental health issue, why not bring together a bunch of people who want to talk about it? You can think about facilitating support groups on different topics.
Specialized Therapy Services: You may develop specialized services, such as trauma-informed therapy, art therapy, or mindfulness-based interventions. Offering unique and in-demand services can attract a specific client base.
Therapist YouTube Channel or Podcast: If you’re not too scared to be in front of a camera or a mic, think about starting a YouTube channel or a podcast. This can be a great way of getting a creative outlet while helping many people at once. If you prefer to be behind the scenes, you can start a blog.
Monetizing Instagram for Therapists: You can use Instagram as your personal brand page. This can help you gain more therapy clients, enhancing your private practice income.
You deserve to be compensated fairly for the expertise, knowledge, and effort you bring to your work. You can definitely look into these additional sources of income for your practice.
If you're interested to know what we can do for you to increase your revenue streams, send an email to us, we're gonna figure it out together!