How to Make $10,000 (or More!) in Extra Income for Your Private Practice EVERY YEAR
Looking for a new stream of income for your private practice that’s SIMPLE and 100% PROFIT? Well, we have one for you, and here’s the best part:
This quick, income-changing strategy requires…
No social media marketing.
No landing page creation.
No website overhauls.
No paid advertisements.
So, How Do You Make an Extra $10,000 as a Therapist?
Here’s the two-step breakdown:
Charge the Fee You Said You Would.
We know sliding scale fees are a common way to give back to those who need help but can’t afford it, and that level of compassion is something the world could always use more of, but the truth is, you can’t sustain a thriving business if you’re lowering your fees for every new client!
Get Comfortable With Increasing it.
You have to take care of yourself, too. And charging and increasing your fees is how to do it sustainably. Here’s the good news:
It’s entirely possible to support your business AND your clients.
But let’s backtrack for a moment.
Did you know that every $10 fee decrease for 20 clients you meet with 50 weeks per year averages to around $10,000 in lost profits?
Think about how much you could do that with money:
Invest it back into your business.
Take a much-needed vacation.
Add to your retirement savings.
Raising Your Fees as a Therapist Is NOT a Sign That You Don’t Care
The list goes on and on, but what’s most important is knowing that raising your fee is NOT a sign you don’t care about your clients. If anything, it shows how much you DO care.
Because you know what happens when you’re overworked and underpaid. That’s why you’re a private practice owner and not working at an agency or nonprofit — you know how it feels to have an endless list of clients depending on your help when you’re burnt out and struggling.
Now’s the Time to Change How You Charge
It’s time to charge what YOU need so you can give your clients the time, energy, and support they’re paying for WITHOUT neglecting yourself.
Remember: Your fee is NOT connected to your value as a human being. It’s simply what you need to maintain a thriving practice and consistently provide high-quality services.
And when you’re open and honest about fee changes, you’re showing your clients that all relationships evolve over time, which makes it easier for them to adjust to changes in their dynamics with friends, family members, loved ones — even acquaintances and colleagues!
What Are the Benefits of Raising Your Therapy Fees?
But okay, you understand the benefits of raising your fees:
Financial security.
More time and energy.
Better boundaries.
Improved clinical outcomes.
But How Do You Actually Raise Your Fees?
How do you have the conversation with your current clients — the one where you let them know you’re adjusting the cost of your services?
Then, when you’re done, access our FREE course on How to Set Fees (worth 1 CE)!*
*If you’re not already a member, click here to auto-join the Private Practice Community.
