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Private Practice Success: How to Develop Multiple Streams of Psychotherapy Income

Mental health professionals have a wealth need to rent a telephone
of valuable, even crucial, information bridgeline.Teleseminars can include
and expertise in which many people are in people from all over the country, even
need.One-on-one therapy is only one way internationally, at the same time.Classes
we can deliver this expertise and are typically 60 minutes long, but can
help.There are a number of possible ways vary. Often teleseminars are offered in a
therapists can create revenue streams multi-class series.Teleseminars are
while sharing their talents, expertise another way to offer your packaged
and skills with people in need.Some of content and introduce people to your
these ways are traditional and common, services. Teleseminars can be offered for
but others are rather innovative ways free to attract prospective clients and
therapists are beginning to put their let them sample your services.See for
abilities to good use. In doing so, they examples of what various professionals
are creating revenue streams.Traditional are offering. Or, do a search on Google
ServicesAlthough its time for therapists for teleseminars or teleclasses. There
to think out of the box and develop new are hundreds to browse and attend.To get
services that creatively meet the felt a better feel for how to conduct a
needs of niche markets, there is a place teleseminar, attend some
for the traditional therapeutic yourself.ConsultingThe goal of this book
services.These include psychotherapy for is to help mental health practitioners
the DSM diagnoses, psychological testing build thriving managed-care free private
and evaluation, marriage and family practices.
therapy and behavioral health care.And, One of the themes I hope I have conveyed
yes, people will forgo managed-care is that psychology is not just for DSM
reimbursement and pay out of pocket for diagnoses.
services that are of higher value because While we have discussed ways to market
they are higher quality, offer real traditional services, diversification is
privacy and are truly customized for the important, as it increases the chances we
individual needs.One of the frustrations can generate sufficient income to operate
I hear from mental health care service outside of managed care.
consumers is that they can't find a Multiple streams of psychotherapy income
specialized therapist in their can be developed in one's practice.When I
managed-care insurance network.It's as if decided to build a manage-care free
managed care's philosophy is, "We'll help practice, I gave considerable thought to
you obtain access to psychotherapy, but howI could provide private-pay services.
we don't care whether the therapist we I explored how I could use my skills in
connect you with is a specialist. A ways that people would readily pay.Many
generalist is fine."Set yourself apart psychologists and other mental health
and demonstrate your true value in the professionals are successful in
marketplace through specialization. Many consulting in the workplace for the
people in the market for therapy value benefit of employees and employers.
specialization.Getting PublishedA book is Business consulting can be a very
a powerful way to affect lives. It is lucrative income stream.Like many
also a good way to establish credibility, practitioners, I found my skills could be
highlight your practice and services and applied in the business arena. Today,
position yourself in your niche.And, it's through a business I started called
easier than you think if you Leadership Concepts, I offer services in
self-publish. It has become very the areas of business consulting,
affordable to do so, and it puts you in executive, business and career coaching
charge of the content, price and and seminars and workshops for
reprints.It can actually be more businesses. This has proven to be a solid
profitable, too. You keep every dollar and growing income stream for me, and it
above your costs. If you went through a is work I really enjoy.Other ways to
major publisher who sells a few thousand diversify into consulting include
books, you would only receive the behavioral medicine, forensics and sports
author's fee. You can make as much psychology.Consulting is a very broad and
selling a few hundred copies of a diverse area, so I won't scrape the
self-published book yourself.If your book surface of the possibilities here. But
is successful, you may even attract a perhaps I can give you good directions
large publisher to take over your for exploration.If this area is new for
book.Writing a book opens doors to you, you will be surprised to find out
speaking engagements, media opportunities the many valuable ways our psychology and
and a reputation in your niche market.It mental health expertise can be of benefit
also helps you to crystallize your to people in the workplace.
thinking and enhances your effectiveness Our background makes us capable of
as a practitioner; it's a great exercise assisting businesses with many different
in that sense. You will learn a lot both barriers to productivity.To familiarize
in breadth and depth.Take the opportunity yourself with this terrain, I suggest you
now to brainstorm ideas for a book that's do a Google search using the keywords
inside you.It doesn't have to be long. "business," "consulting" and
One hundred pages is "psychologist" and browse the web sites
plenty.TeachingTeaching courses part-time that come up.Forensic ConsultingAnother
at a local college or university can be specific type of consulting is worth
an attractive stream of income.I have considering separately.Forensic
been teaching as adjunct faculty in the consulting has to do with psychological
Doctor of Psychology (Psy.D.) program at or mental health service specifically
Widener University outside Philadelphia related to the court system.Often times,
for several years and find it both a court has to deal with issues that
rewarding and enjoyable.Think about areas impinge on mental health issues.Some of
of special interest on which you could these include:Criminal casesCompetency to
teach a course. Courses that adjunct stand trialMental status at time of
faculty teach can be core curriculum in a offenseMitigating factors in offensesRisk
graduate program, an undergraduate course assessments, violenceCivil casesEmotional
or an elective.I find that part-time damages in personal injuriesAssessments
professors who are practioners have a lot for malingeringFamily cases and
to offer because they are immersed in otherChild custody
what they teach. Students seem to evaluationsCourt-ordered psychological
appreciate this as well.E-booksE-books evaluationsIn addition, attorneys often
are another medium in which you can need help sorting out the issues when
package and share specialized questions of a psychological nature occur
information.And e-book is a written piece in their cases. They retain psychologists
of information that is distributed via and other experts to review files and
the internet electronically. It is help them prepare for depositions or
offered free or for a cost (typically $10 cross-examination of
to $30) on a web site.You can also submit experts.Psychologists and other
an e-book to web sites that list hundreds professionals can inform the court on
of e-books to make them available to the issues, perform assessments and testify
public.Tens of thousands of e-books are as experts.Consultants in this area
downloaded each year, and are changing testifying as experts typically receive
lives for the better.Perhaps you can make $1,000 to $2,000 for their testimony.I
yours one of them.Do you have a solution find that this niche is an attractive one
to a specific problem or can you research for several reasons:It is completely
the answers?The best e-books share managed-care freeIt is interesting workIt
answers to a specific problem.E-book makes good use of our backgroundIt is
topics I have heard of recently include: lucrativeIt is a specialized area that
how to write a eulogy, how to cope with a many professionals find
hysterectomy and the topic of recovering intimidating,which means less
from fibromyalgia.These are e-books competitionIf you find this an
written by non-mental health interesting prospect as a part of your
professionals. Imagine what information practice, then I encourage you to begin
psychotherapists can offer in this taking some training workshops to
just-in-time format.E-books cost very familiarize yourself with the terrain.Web
little to produce and nothing to sitesRevenue streams can be active or
distribute. You can attach the file for passive. Therapy sessions, therapy
an e-book to an email or make it groups, workshops and consulting services
downloadable from a web site.A great are all active forms of revenue streams.
e-book is not long. Many of the best are You exchange your time and skills for a
10 to 35 pages long.E-books offer short fee.Passive revenue is revenue from
answers to problems readers want to streams that do not involve service
solve, and are available to people delivery, but once set up, occur
quickly.Good e-books are specific and do automatically 24/7. A common form of
not contain general information. The key passive revenue is income from products
to marketability is communicating your sold on a web site.Can you see the
precise answer to a specific advantages of passive revenue? Can
problem.E-CoursesE-Courses are similar to therapists develop passive revenue
e-books, but they may be lengthier and streams? You bet!Therapists can
delivered to readers one segment at a productize their most useful expertise
time. As the name implies, these can be and offer information products to benefit
formatted as guided self-study others.Some of these we already looked
programs.E-courses allow for the content at, like books, e-books and e-courses.
to be integrated over a specific period These can all be offered on a web site
of time. Each lesson can be a simple for web seekers to obtain and utilize to
article or more in-depth with guided fill their needs.There are other
self-study. Write between five and 10 possibilities as well, such as licensing
lessons, and you have a good programs.As an example of a passive
e-course.Written by a professional, a revenue web site effectively offering
good e-course can bridge the gap between information products to a specific niche,
a reader learning new information and the see Passive income streams utilizing the
reader applying that information to his internet via web sites are a burgeoning
her life and making a behavioral area for many service professionals, but
change.Personal CoachingIn sports, few mental health professionals are
coaching is important to help an athlete taking advantage of the potential so
develop a winning strategy, develop far.This will be changing soon.Active
skills and execute the plan. The coach income streams can also be marketed on
knows how the athlete can progress and the internet.Web sites can also be
move forward. He/she urges the athlete to effectively used as a marketing tool for
set high goals and provides motivation, your fee-for-service practice. More and
support, focus and encouragement.Over the more therapists are putting up web sites
past 10 years, the field of professional and for good reasons.A web site is your
coaching in personal development and practice brochure, available any time,
business arenas has grown day or night, to seekers on the internet.
tremendously.What is coaching? Personal People you meet, people who hear you give
coaching is a one-on-one professional a presentation and people referred to you
relationship in which a client is by another professional, can be directed
assisted in achieving a personal, to view your web site, find out more
business or career goal.What is the about you and, hopefully, be stimulated
difference between coaching and therapy? to contact you.A simple, attractive,
Although coaches sometimes assist people intriguing postcard sent to a mailing
with challenges and problems of various list can direct your niche market to your
kinds, they do not try to help people web site. Or, your yellow page ad in the
overcome problems related to diagnosable phone book can include your web address.A
conditions as found in the DSM.Rather, web site is much more than a brochure. It
coaches assist well-functioning people to is also a potentially powerful marketing
attain greater levels of achievement and vehicle, when combined with internet
satisfaction in their personal lives, marketing strategies.If you decide to
businesses or careers.While therapy is have a web site for your practice, or for
remedial and restorative, coaching is a particular niche service, make it full
developmental and growth-oriented.Therapy of resources (articles and free
heals mental and emotional infirmities, information) that will attract people to
while coaching helps healthy individuals it and make them want to spread the
achieve more or reach important word.Although beyond the scope of this
goals.Personal coaches work with clients article, internet marketing strategies
on a wide range of issues, such as coping can be developed to drive people to your
with a problem or crisis, focusing their web site.Increasingly, people are
efforts on achievement, making career beginning their search for products and
transitions, living more fulfilled lives, services on the internet.The yellow pages
achieving life goals and building better are not the first choice for many.Are you
relationships.Other coaches assist people effectively represented on the
with business development or managerial Internet?Licensing ProgramsAfter you have
or leadership development. These coaches developed effective structured programs
are called business coaches or executive for your niches, you can license the use
coaches.While coaching is not always of these programs to other
based on psychology, it often is. And professionals.Other therapists have been
many of the skills a coach uses are the doing this for years. Psychologist Dr.
skills in which therapists are trained. Daniel Dana, a conflict resolution
So, there is considerable overlap between specialist, certifies mediators and
coaching and therapy.This is why many licenses his program at Another example
psychologists, counselors and therapists can be found at DifficultChild.com, as we
have found coaching attractive and mentioned previously. Howard Glasser,
transitioned into coaching either M.A. offers a parenting approach and
entirely or as a part of their practice program, as well as other materials, for
mix. I am one of them. ADHD children. His program involves a
In many ways, therapists have an ideal book, a training program for parents and
background to be coaches. But the a training and certification program for
differences between coaching and therapy therapists.His program is called
are significant and important to keep in "Transforming the Difficult Child: The
mind.Therapists can make great coaches Nurtured Heart Approach."One of my
because of their insights into human coaching clients is certified in this
motivation and behavior, their program and speaks highly of it.Howard
understanding of human development and Glasser's web site actually models
life transitions, their communication and several streams of income, including a
relationship skill and their sense of book, workshops, training other
professional ethics, knowledge base and professionals, licensing or certification
experience in helping people.Live and internet marketing for all the above
Workshops, Retreats, TrainingsPresenting including his practice.These "programs in
live events such as seminars, workshops, a box" are typically complete turnkey
retreats and training programs can be a therapy, counseling or consulting
very lucrative stream of income.And, it programs that therapists can purchase.
can be a powerful way to affect peoples' They are usually complete, including the
lives.The group setting allows learners structured program itself, instructor
to engage with your material and benefit materials, workbooks and also include
from the collective knowledge and marketing pieces you can use to generate
experience of the group.Live programs can business.For those of you who want to do
also be an introduction to your other niche marketing but prefer not to do the
services. Brief programs, such as a creating part, you may want to find out
"lunch and learn," can be delivered for whether someone has developed a program
free as a solid marketing vehicle for you can utilize to serve your
your practice.As a therapist, if you have niche.Someone may have done the work for
developed and packaged your message into you.If you can find a program suitable
a program as recommended earlier, you for your niche market, you could be a few
have the makings of a great seminar or days away from having a marketable
workshop.Why not kill two birds with one service in your repertoire.Training Other
stone?Promoting a workshop or retreat is ProfessionalsWhen you have developed an
promoting your practice at the same time effective program, you can leverage it by
- and may be psychologically easier to training others in your approach and
do.Consider adding a post-training methods.Innovators in therapy have been
element to your program. It could be a training others for years. If you develop
follow-up mini-workshop, a series of a specialization, program or niche
workshops or one-on-one work.You can service in a growing area, you may find
leverage the energy of a live event in many other therapists would like to learn
many ways for additional revenue from you.Sometimes the innovation is
streams.And, it is likely that some mainly in how a service is packaged.You
participants will choose to work with you can train other professionals via live
after the event is over.You will want to workshops, self-study program packages
casually present your other offerings at and teleseminars.Diversification by
the event. You may make it easier for developing a number of streams of
them by having a sign-up psychotherapy income increases the
sheet.TeleseminarsA teleseminar (also chances you can create sustainable income
called a teleclass) is a seminar held and can be rewarding in other ways
over the telephone, like a conference too.William D. Morgan is a psychologist,
call.The advantage of a teleseminar is author, and private practice business
the convenience. No one has to commute coach. He coaches human service
and the consumers dial to a bridge line professionals and others who want to
at the specified time. No physical build thriving practices.
accommodations need be arranged; you only




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