Multiple Streams of Income for Therapists

It’s important to know you can make a great, sustainable income simply by seeing clients. However, you can also choose to create a sustainable private practice with more variety in how you make an income. We have a 60-minute free training below (if you prefer to learn via video), but here are some things to know if you’re exploring options for multiple streams of income:

Multiple Streams of Income

The first thing to realize is that you don't necessarily need to get additional training in order to create another stream of income. Much of what you do every day has been preparing you for that new stream of income.

Going Beyond the Couch™ is all about translating what you do into a new format. These formats can include groups, in-person speaking, online speaking, writing, retreats, intensives, consulting, supervision, training, certifications, and so much more.

Translating Therapy Skills into Income Streams

While you can get retooled and retrained, the truth is you have amazing skills. Here are some examples of how therapists have translated their therapy skills and tools into income streams:

  1. Create a group therapy course in-person that allows you to work with multiple people at once for an income stream.

  2. Package and sell a group therapy curriculum you’ve successfully run to other professionals.

  3. Speak to community groups and share a tool or psychoeducation that you share in therapy with groups.

  4. Create a video, audio, written, or online training your community or clients can benefit from.

  5. Repackage a therapy intervention into a game, deck of cards, or book for clients to use at home or therapists to use with their clients.

  6. Package interventions you've used successfully into an in-person, online, written, video, or audio training or certification that other therapists can benefit from.

Are Income Streams for Therapists All About the Money?

It’s important that you make money from the projects you put together, BUT it isn't all about the money. Here’s why you need to make money (that really has nothing to do with making money for the sake of money):

  1. You need to make money to sustain the work. The truth is, money is a resource, like time. Receiving income from a project allows you the luxury of carving out time to do it regularly without choosing between losing income, sleep, or self-care time.

  2. Your work could change the world. Some of my heroes are John Gottman, Robin Shapiro, and Sue Johnson. They took their passions and translated them into something that’s been transformational for therapists and clients all around the world. None of these individuals could have had this much of an impact if there wasn't a way for them to get paid doing it.

  3. People assign time according to value. While giving away free materials is fabulous and a great way to help people, to really go deep with people — to get time in their busy lives — you need to create a commitment. One way people commit to things is by assigning their finances. Just like getting paid allows you to set aside time, clients paying for a product or service creates an obligation for them to put the time and effort in to get what they paid for.

Are you ready to create a new stream of income?

The free Multiple Streams of Income training below goes into more details:

  • Wondering how to develop multiple streams of income?

  • Questioning whether publishing an e-book is right for you?

  • Overrun with clients and needing alternate ways to meet the demand?

  • Struggling with too few clients and looking for ways to supplement your income?

Watch this free training for direction on how to assess options for moving Beyond the Couch!

zynnyme is committed to providing universal access to all of our trainings. Closed captioning is provided whenever possible. Please contact community@zynnyme.com to request the video transcript and/or discuss additional disability accommodations.

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