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

Mental health professionals have a wealth of valuable, even crucial, information and expertise in which many people are in need.

Business Internet Marketing One-on-one therapy is only one way we can deliver this expertise and help.

In this book, we£l be exploring in depth the 9 practical business which fit this formula perfectly. As a final note. In the book, Multiple Streams of Income, I start with the basics, and help the reader build a strong foundation for wealth. Then, I expand into the nitty gritty strategies and techniques for developing 9 separate streams of income. Finally, I finish with strategies and techniques for protecting these burgeoning streams of income.

Internet Marketing Strategic There are a number of possible ways therapists can create revenue streams while sharing their talents, expertise and skills with people in need.

Multiple Streams of Income Audio Multiple Streams of Income Audio ? 59.95 ?/strong> $29.95 Would You Like Multiple Streams of Lifetime Income Flowing Into Your Life In the 1950's, it was enough for a family to have one breadwinner. In the 1970s and 1980s, families needed two incomes to get ahead. Today, in this world of

Internet Marketing Seo Some of these ways are traditional and common, but others are rather innovative ways therapists are beginning to put their abilities to good use. In doing so, they are creating revenue streams.

strategy for success is simple... 1) Create content that attracts targeted traffic. 2) through to the sites of the merchants that you represent. 3) Develop multiple streams of income through quality merchants (ours, of course, competing ones that fit your theme).

Ebook Internet Marketing Traditional Services

How many streams of income did it take in the 1950¯ for a family to survive One. Today, very few families can survive on less than two streams of income. And that won° be enough in the future. It¯ a volatile future. YouŽ be wise to have multiple streams of income flowing into your life.

Business Home Internet Although its time for therapists to think out of the box and develop new services that creatively meet the felt needs of niche markets, there is a place for the traditional therapeutic services.

His colossal bestseller Nothing Down established Robert Allen as one of the most influential investment advisors of all time. selling books including Multiple Streams of Income, as well as the audiocassette programs "The Road to Wealth" and "Multiple Streams of Income" Conant.

Internet Marketing Site Web These include psychotherapy for the DSM diagnoses, psychological testing and evaluation, marriage and family therapy and behavioral health care.

Based Business Home Internet And, yes, people will forgo managed-care reimbursement and pay out of pocket for services that are of higher value because they are higher quality, offer real privacy and are truly customized for the individual needs.

Internet Marketing Web One of the frustrations I hear from mental health care service consumers is that they can't find a specialized therapist in their managed-care insurance network.

Estate Internet Marketing Real It's as if managed care's philosophy is, "We'll help you obtain access to psychotherapy, but we don't care whether the therapist we connect you with is a specialist. A generalist is fine."

Engine Internet Marketing Set yourself apart and demonstrate your true value in the marketplace through specialization. Many people in the market for therapy value specialization.

Affiliate Internet Marketing Getting Published

Consulting Internet Marketing A book is a powerful way to affect lives. It is also a good way to establish credibility, highlight your practice and services and position yourself in your niche.

Course Internet Marketing And, it's easier than you think if you self-publish. It has become very affordable to do so, and it puts you in charge of the content, price and reprints.

Expert From Insider Internet It can actually be more profitable, too. You keep every dollar above your costs. If you went through a major publisher who sells a few thousand books, you would only receive the author's fee. You can make as much selling a few hundred copies of a self-published book yourself.

Firm Internet Marketing If your book is successful, you may even attract a large publisher to take over your book.

Advertising Business Internet Writing a book opens doors to speaking engagements, media opportunities and a reputation in your niche market.

Business Computer Internet It also helps you to crystallize your thinking and enhances your effectiveness as a practitioner; it's a great exercise in that sense. You will learn a lot both in breadth and depth.

Center Internet Marketing Take the opportunity now to brainstorm ideas for a book that's inside you.

Internet Marketing Promotion It doesn't have to be long. One hundred pages is plenty.

Guide Internet Marketing Teaching

Internet Marketing Toronto Teaching courses part-time at a local college or university can be an attractive stream of income.

Denver Internet Marketing I have been teaching as adjunct faculty in the Doctor of Psychology (Psy.D.) program at Widener University outside Philadelphia for several years and find it both rewarding and enjoyable.

Chicago Internet Marketing Think about areas of special interest on which you could teach a course. Courses that adjunct faculty teach can be core curriculum in a graduate program, an undergraduate course or an elective.

Internet Marketing Specialist I find that part-time professors who are practioners have a lot to offer because they are immersed in what they teach. Students seem to appreciate this as well.

3g Edition Generation Internet E-books

Agency Internet Marketing E-books are another medium in which you can package and share specialized information.

Internet Marketing Resource And e-book is a written piece of information that is distributed via the internet electronically. It is offered free or for a cost (typically $10 to $30) on a web site.

Expert Internet Marketing You can also submit an e-book to web sites that list hundreds of e-books to make them available to the public.

Internet Ireland Marketing Tens of thousands of e-books are downloaded each year, and are changing lives for the better.

Conference Internet Marketing Perhaps you can make yours one of them.

Internet Marketing Technique Do you have a solution to a specific problem or can you research the answers?

Hotel Internet Marketing The best e-books share answers to a specific problem.

Filled Increase Internet E-book topics I have heard of recently include: how to write a eulogy, how to cope with a hysterectomy and the topic of recovering from fibromyalgia.

Diego Internet Marketing San These are e-books written by non-mental health professionals. Imagine what information psychotherapists can offer in this just-in-time format.

Affiliate Business Internet E-books cost very little to produce and nothing to distribute. You can attach the file for an e-book to an email or make it downloadable from a web site.

Internet Marketing Plan A great e-book is not long. Many of the best are 10 to 35 pages long.

Commerce Internet Marketing E-books offer short answers to problems readers want to solve, and are available to people quickly.

Article Internet Marketing Good e-books are specific and do not contain general information. The key to marketability is communicating your precise answer to a specific problem.

Information Internet Marketing E-Courses

Internet Marketing Network E-Courses are similar to e-books, but they may be lengthier and delivered to readers one segment at a time. As the name implies, these can be formatted as guided self-study programs.

Internet Marketing Promotional E-courses allow for the content to be integrated over a specific period of time. Each lesson can be a simple article or more in-depth with guided self-study. Write between five and 10 lessons, and you have a good e-course.

Internet Marketing Research Written by a professional, a good e-course can bridge the gap between a reader learning new information and the reader applying that information to his/her life and making a behavioral change.

Affiliate Company Internet Personal Coaching

Free Internet Marketing In sports, coaching is important to help an athlete develop a winning strategy, develop skills and execute the plan. The coach knows how the athlete can progress and move forward. He/she urges the athlete to set high goals and provides motivation, support, focus and encouragement.

Campaign Internet Marketing Over the past 10 years, the field of professional coaching in personal development and business arenas has grown tremendously.

Internet Marketing Tip What is coaching? Personal coaching is a one-on-one professional relationship in which a client is assisted in achieving a personal, business or career goal.

Firm Internet Law Marketing What is the difference between coaching and therapy? Although coaches sometimes assist people with challenges and problems of various kinds, they do not try to help people overcome problems related to diagnosable conditions as found in the DSM.

Idea Internet Marketing Rather, coaches assist well-functioning people to attain greater levels of achievement and satisfaction in their personal lives, businesses or careers.

Internet Marketing Software While therapy is remedial and restorative, coaching is developmental and growth-oriented.

Atlanta Internet Marketing Therapy heals mental and emotional infirmities, while coaching helps healthy individuals achieve more or reach important goals.

En Internet Marketing Personal coaches work with clients on a wide range of issues, such as coping with a problem or crisis, focusing their efforts on achievement, making career transitions, living more fulfilled lives, achieving life goals and building better relationships.

Age In Internet Marketing Other coaches assist people with business development or managerial or leadership development. These coaches are called business coaches or executive coaches.

Internet Marketing Targeted While coaching is not always based on psychology, it often is. And many of the skills a coach uses are the skills in which therapists are trained. So, there is considerable overlap between coaching and therapy.

Email Internet Marketing This is why many psychologists, counselors and therapists have found coaching attractive and transitioned into coaching either entirely or as a part of their practice mix. I am one of them.
In many ways, therapists have an ideal background to be coaches. But the differences between coaching and therapy are significant and important to keep in mind.

Business Business Internet Therapists can make great coaches because of their insights into human motivation and behavior, their understanding of human development and life transitions, their communication and relationship skill and their sense of professional ethics, knowledge base and experience in helping people.

Internet Marketing Seminar Live Workshops, Retreats, Trainings

Hospitality Internet Marketing Presenting live events such as seminars, workshops, retreats and training programs can be a very lucrative stream of income.

Advertising Company Internet And, it can be a powerful way to affect peoples' lives.

Internet Job Marketing The group setting allows learners to engage with your material and benefit from the collective knowledge and experience of the group.

Add Internet Link Marketing Live programs can also be an introduction to your other services. Brief programs, such as a "lunch and learn," can be delivered for free as a solid marketing vehicle for your practice.

Internet Lead Marketing As a therapist, if you have developed and packaged your message into a program as recommended earlier, you have the makings of a great seminar or workshop.

Internet Marketing Secret Why not kill two birds with one stone?

Group Internet Marketing Promoting a workshop or retreat is promoting your practice at the same time - and may be psychologically easier to do.

Internet Marketing Solution Consider adding a post-training element to your program. It could be a follow-up mini-workshop, a series of workshops or one-on-one work.

Business Internet Marketing You can leverage the energy of a live event in many ways for additional revenue streams.

Internet Marketing Strategic And, it is likely that some participants will choose to work with you after the event is over.

Internet Marketing Seo You will want to casually present your other offerings at the event. You may make it easier for them by having a sign-up sheet.

Ebook Internet Marketing Teleseminars

Business Home Internet A teleseminar (also called a teleclass) is a seminar held over the telephone, like a conference call.

Internet Marketing Site Web The advantage of a teleseminar is the convenience. No one has to commute and the consumers dial to a bridge line at the specified time. No physical accommodations need be arranged; you only need to rent a telephone bridgeline.

Based Business Home Internet Teleseminars can include people from all over the country, even internationally, at the same time.

Internet Marketing Web Classes are typically 60 minutes long, but can vary. Often teleseminars are offered in a multi-class series.

Estate Internet Marketing Real Teleseminars are another way to offer your packaged content and introduce people to your services. Teleseminars can be offered for free to attract prospective clients and let them sample your services.

Engine Internet Marketing See www.TeleClass.com for examples of what various professionals are offering. Or, do a search on Google for teleseminars or teleclasses. There are hundreds to browse and attend.

Affiliate Internet Marketing To get a better feel for how to conduct a teleseminar, attend some yourself.

Consulting Internet Marketing Consulting

Course Internet Marketing The goal of this book is to help mental health practitioners build thriving managed-care free private practices.
One of the themes I hope I have conveyed is that psychology is not just for DSM diagnoses.
While we have discussed ways to market traditional services, diversification is important, as it increases the chances we can generate sufficient income to operate outside of managed care.
Multiple streams of psychotherapy income can be developed in one's practice.

Expert From Insider Internet
When I decided to build a manage-care free practice, I gave considerable thought to how

Firm Internet Marketing I could provide private-pay services. I explored how I could use my skills in ways that people would readily pay.

Advertising Business Internet Many psychologists and other mental health professionals are successful in consulting in the workplace for the benefit of employees and employers. Business consulting can be a very lucrative income stream.

Business Computer Internet Like many practitioners, I found my skills could be applied in the business arena. Today, through a business I started called Leadership Concepts, I offer services in the areas of business consulting, executive, business and career coaching and seminars and workshops for businesses. This has proven to be a solid and growing income stream for me, and it is work I really enjoy.

Center Internet Marketing Other ways to diversify into consulting include behavioral medicine, forensics and sports psychology.

Internet Marketing Promotion Consulting is a very broad and diverse area, so I won't scrape the surface of the possibilities here. But perhaps I can give you good directions for exploration.

Guide Internet Marketing If this area is new for you, you will be surprised to find out the many valuable ways our psychology and mental health expertise can be of benefit to people in the workplace.
Our background makes us capable of assisting businesses with many different barriers to productivity.

Internet Marketing Toronto To familiarize yourself with this terrain, I suggest you do a Google search using the keywords "business," "consulting" and "psychologist" and browse the web sites that come up.

Denver Internet Marketing Forensic Consulting

Chicago Internet Marketing Another specific type of consulting is worth considering separately.

Internet Marketing Specialist Forensic consulting has to do with psychological or mental health service specifically related to the court system.

3g Edition Generation Internet Often times, a court has to deal with issues that impinge on mental health issues.

Agency Internet Marketing Some of these include:

Internet Marketing Resource Criminal cases

  • Competency to stand trial

  • Mental status at time of offense

  • Mitigating factors in offenses

  • Risk assessments, violence

Expert Internet Marketing Civil cases

  • Emotional damages in personal injuries

  • Assessments for malingering

Internet Ireland Marketing Family cases and other

  • Child custody evaluations

  • Court-ordered psychological evaluations

Conference Internet Marketing In addition, attorneys often need help sorting out the issues when questions of a psychological nature occur in their cases. They retain psychologists and other experts to review files and help them prepare for depositions or cross-examination of experts.

Internet Marketing Technique Psychologists and other professionals can inform the court on issues, perform assessments and testify as experts.

Hotel Internet Marketing Consultants in this area testifying as experts typically receive $1,000 to $2,000 for their testimony.

Filled Increase Internet I find that this niche is an attractive one for several reasons:

  • It is completely managed-care free

  • It is interesting work

  • It makes good use of our background

  • It is lucrative

  • It is a specialized area that many professionals find intimidating,
    which means less competition

Diego Internet Marketing San If you find this an interesting prospect as a part of your practice, then I encourage you to begin taking some training workshops to familiarize yourself with the terrain.

Affiliate Business Internet Web sites

Internet Marketing Plan Revenue streams can be active or passive. Therapy sessions, therapy groups, workshops and consulting services are all active forms of revenue streams. You exchange your time and skills for a fee.

Commerce Internet Marketing Passive revenue is revenue from streams that do not involve service delivery, but once set up, occur automatically 24/7. A common form of passive revenue is income from products sold on a web site.

Article Internet Marketing Can you see the advantages of passive revenue? Can therapists develop passive revenue streams? You bet!

Information Internet Marketing Therapists can productize their most useful expertise and offer information products to benefit others.

Internet Marketing Network Some of these we already looked at, like books, e-books and e-courses. These can all be offered on a web site for web seekers to obtain and utilize to fill their needs.

Internet Marketing Promotional There are other possibilities as well, such as licensing programs.

Internet Marketing Research As an example of a passive revenue web site effectively offering information products to a specific niche, see TeachMeTeamwork.com.

Affiliate Company Internet Passive income streams utilizing the internet via web sites are a burgeoning area for many service professionals, but few mental health professionals are taking advantage of the potential so far.

Free Internet Marketing This will be changing soon.

Campaign Internet Marketing Active income streams can also be marketed on the internet.

Internet Marketing Tip Web sites can also be effectively used as a marketing tool for your fee-for-service practice. More and more therapists are putting up web sites and for good reasons.

Firm Internet Law Marketing A web site is your practice brochure, available any time, day or night, to seekers on the internet. People you meet, people who hear you give a presentation and people referred to you by another professional, can be directed to view your web site, find out more about you and, hopefully, be stimulated to contact you.

Idea Internet Marketing A simple, attractive, intriguing postcard sent to a mailing list can direct your niche market to your web site. Or, your yellow page ad in the phone book can include your web address.

Internet Marketing Software A web site is much more than a brochure. It is also a potentially powerful marketing vehicle, when combined with internet marketing strategies.

Atlanta Internet Marketing If you decide to have a web site for your practice, or for a particular niche service, make it full of resources (articles and free information) that will attract people to it and make them want to spread the word.

En Internet Marketing Although beyond the scope of this article, internet marketing strategies can be developed to drive people to your web site.

Age In Internet Marketing Increasingly, people are beginning their search for products and services on the internet.

Internet Marketing Targeted The yellow pages are not the first choice for many.

Email Internet Marketing Are you effectively represented on the Internet?

Business Business Internet Licensing Programs

Internet Marketing Seminar After you have developed effective structured programs for your niches, you can license the use of these programs to other professionals.

Hospitality Internet Marketing Other therapists have been doing this for years. Psychologist Dr. Daniel Dana, a conflict resolution specialist, certifies mediators and licenses his program at MediationWorks.com.

Advertising Company Internet Another example can be found at DifficultChild.com, as we mentioned previously. Howard Glasser, M.A. offers a parenting approach and program, as well as other materials, for ADHD children. His program involves a book, a training program for parents and a training and certification program for therapists.

Internet Job Marketing His program is called "Transforming the Difficult Child: The Nurtured Heart Approach."

Add Internet Link Marketing One of my coaching clients is certified in this program and speaks highly of it.

Internet Lead Marketing Howard Glasser's web site actually models several streams of income, including a book, workshops, training other professionals, licensing or certification and internet marketing for all the above including his practice.

Internet Marketing Secret These "programs in a box" are typically complete turnkey therapy, counseling or consulting programs that therapists can purchase. They are usually complete, including the structured program itself, instructor materials, workbooks and also include marketing pieces you can use to generate business.

Group Internet Marketing For those of you who want to do niche marketing but prefer not to do the creating part, you may want to find out whether someone has developed a program you can utilize to serve your niche.

Internet Marketing Solution Someone may have done the work for you.

Business Internet Marketing If you can find a program suitable for your niche market, you could be a few days away from having a marketable service in your repertoire.

Internet Marketing Strategic Training Other Professionals

Internet Marketing Seo When you have developed an effective program, you can leverage it by training others in your approach and methods.

Ebook Internet Marketing Innovators in therapy have been training others for years. If you develop a specialization, program or niche service in a growing area, you may find many other therapists would like to learn from you.

Business Home Internet Sometimes the innovation is mainly in how a service is packaged.

Internet Marketing Site Web You can train other professionals via live workshops, self-study program packages and teleseminars.

Based Business Home Internet Diversification by developing a number of streams of psychotherapy income increases the chances you can create sustainable income and can be rewarding in other ways too.

Internet Marketing Web

Estate Internet Marketing Real William D. Morgan is a psychologist, author, and private practice business coach. He coaches human service professionals and others who want to build thriving practices. For more helpful information and tips, visit http://www.TodaysPrivatePractice.com/membershipinfo.html This is an excerpt from his NEW BOOK - Today's Private Practice: Strategies for Building a Thriving Managed-Care Free Psychotherapy Practice, http://www.TodaysPrivatePractice.com

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