Are you looking for ways to make money as a therapist?

Maybe you’re even looking to turn your therapy practice into a full-time income source.

Whatever your goals may be, we’ve got you covered with these 20 creative ways to make money as a therapist in 2024.

From offering online therapy sessions to creating and selling your own digital products, there are plenty of opportunities for monetizing your skills and diversifying your income.

So, if you’re ready to take your therapy practice to the next level, read on for 20 ways to make money as a therapist in 2024.

1. Conduct Telehealth Therapy

2024 is right around the corner, and with it comes many new opportunities to generate income, particularly if you’re a psychotherapist.

With telehealth therapy becoming more popular, conducting therapy sessions online could be incredibly beneficial because it’s accessible for your clients and has a low-cost start-up cost for you.

With telehealth therapy, you have the ability to reach more clients by marketing your services across your province or state.

Also, since the COVID-19 pandemic, many regulatory and licensing boards have added virtual practice registration & licensing routes so that therapists in one area can work with clients in another area, as long as they have been granted registration or licensing privileges in the area that the client resides.

And the best part about providing telehealth therapy is that you can easily connect with clients from the comfort of your home or office.

So, don’t be afraid of change – if you haven’t already, embrace technology’s advancements in order to increase your client caseload and grow your private practice.

2. Provide Virtual Clinical Supervision

If you’re a seasoned therapist, have you considered offering virtual clinical supervision to newer therapists?

It’s a great way to use your expertise and experience to help others while also bringing in some extra income and make money as a therapist. Plus, with the rise of virtual video platforms, it’s easier than ever to offer supervision remotely, whether it’s one-to-one or in a group setting.

In fact, group supervision has become a popular trend in recent years, allowing you to charge a lower rate per person while still making an overall profit. Not to mention, it’s a great way to give back to the therapy community and support up and coming therapists.

So, if you’re interested in adding virtual clinical supervision to your list of services, consider reaching out to new therapists and offering your guidance and support at a cost.

It’s a win-win for everyone involved!

3. Provide Consulting Services to Other Therapists

Are you a therapist with a particular area of expertise or interest that you’d like to share with others?

Why not become a consultant for other therapists or clinicians?

Not only is it a great way to share your knowledge and experience with colleagues, but it’s also a fantastic way to make grow your income potential. Whether you specialize in a particular therapy modality, work with a specific population, or have experience in a particular area of practice, there’s likely a demand for your skills and knowledge.

You can offer consulting services in a variety of ways, such as one-to-one sessions, group workshops, or even online courses. Just be sure to clearly define your services and fees, and consider offering packages or bonuses to encourage repeat business.

Consulting can be a rewarding and lucrative way to use your therapy skills and make a difference in the lives of other therapists.

4. Become a Contractor or Freelancer

In 2024, becoming a contractor or freelancer can be an excellent way for therapists to make money.

Joining forces with a reputable group practice can increase your client caseload – especially during slow parts of the year. Most practices offer generous fees and can introduce you to hundreds of new potential clients each month.

If you’re considering taking on contract or freelance work, you’ll want to check out my blog post 7 steps for accepting a contract offer.

So if you’re looking to boost your income and take control of your career by adding contract or freelance work into the mix, give my blog a read.

5. Conduct Online Training and Webinars 

If you’re looking to make money as a therapist in 2024, you might want to consider offering online training or webinars. 

This could be a great way to showcase your expertise and help others at the same time!

So how do you get started?

First, determine a problem area that your clients face and decide on a topic that you want to focus on in your online training or webinar. Then share how your therapeutic process or approach can help them manage or overcome that specific problem.

Next, advertise your training or webinar on platforms like Eventbrite and social media to reach a wider audience. Be sure to include all the details, including the date, time, and how to register.

And finally, get ready to share your knowledge and expertise with others!

Online training and webinars can be a rewarding and lucrative way to grow your private practice.

So why wait? Start planning and conducting your own online training and webinars today!

6. Present at Professional Events or Conferences

With 2024 just around the corner, why not get a jump start on your professional goals by searching for professional events and conferences where you can share your expertise with others? Usually, professional events and conferences provide an honorarium to their presenters.

This can prove to be a great opportunity for you to expand your knowledge, enhance your communication and public speaking skills, network with other professionals, and earn some extra money!

Don’t know where to start?

First, decide on a topic or area of expertise that you want to present. This could be a specific technique or strategy that you’ve found success in within your practice or even a broader topic that you’re passionate about.

Next, start researching professional events or conferences that are relevant to your topic and audience. Typically, professional events and conferences have a proposal process that starts months before the actual event. So, it’s important to start looking for opportunities and to submit proposal in advance.

When applying, be sure to follow any guidelines or requirements for submissions, and include a clear and concise outline of your presentation. You don’t have to have your presentation completed at this point, but you’ll want to have a clear understanding of your key objectives and outcomes to add to your proposal submission.

If your proposal is accepted, get ready to share your knowledge and expertise with others! 

7. Plan and Organize Conferences

Consider making use of the fast-growing trend of conferences, retreats, or events.

With a little bit of planning and organization, you can quickly turn these types of gatherings into highly sought-after experiences – that bring in income.

Sure, it might require some upfront investment at first, but once you start, you’ll see the benefits. By planning and organizing conferences, you can increase your earning potential, obtain loyal participants, and even get referrals.

Once you’ve done it, you will realize that all the effort was worth it!

So, if hosting events is something that interests you, why not give it a go? You’ll never know how far it could take you financially until you do.

8. Become an Affiliate 

2024 is the perfect time to make money as a therapist, but not just with your expertise!

Consider exploring options to become an affiliate or referral partner for products and services you’ve come to love.

It’s important to not push affiliate products on existing therapy clients. But you can promote affiliate products through your website and social media channels, or simply share them with people you know which can really help build passive income for the future.

If you’re enrolled in therapist directories such as Psychology Today, you already have access to an affiliate opportunity where you can share your referral link with colleagues and when they sign up through your referral, they get 6 months free while you get 1 month free!

Use this opportunity and share it with colleagues before they start their subscriptions and they’ll thank you afterwards.

Trust me, when I started my private practice, I wish someone would have shared their link with me so that I could have received 6 months free.

So why not start by creating a resource page on your website with the affiliate products that you love. Or create a blog where you give your honest feedback about products while simultaneously building organic search engine optimization (SEO). Or share your affiliate links on your social media platforms so that you can start building passive income inside of your private practice.

9. Create a Blog

Creating a blog may just be the best way to monetize yourself and to make money as a therapist outside of providing one-to-one therapy. Many have already found success in helping people and are also making a great living doing it.

By utilizing Google Adsense, you can be open and honest with your visitors without feeling like you’re slipping out of the “therapy business.”

Let 2024 be the year that you truly take advantage of what technology has to offer and start earning some passive income— all for merely using your wonderful words!

10. Create a Vlog

Therapists can easily get started earning revenue by creating a vlog. A vlog containing videos on topics of interest to your therapy practice can help expand your reach and client caseload while making money along the way. 

Ensure each vlog entry is engaging and informative. There are plenty of ways you can monetize your content, whether that’s through sharing affiliate products, using ads within the platform you choose to host it on, or simply pitching your own products and services. 

If done right, a vlog can incredibly enhance your reach – leading to consultations, appointment bookings, and even speaking engagements! So make sure you give it a go!

11. Start a Podcast

If you don’t feel like dedicating your life to writing or being on video, then starting a podcast is the way to go! You can bring your expertise and personality to the airwaves in an entertaining format, and once you’ve created a few episodes, adding monetization opportunities is pretty straightforward. Sponsor advertisements or shoutouts from companies you love and trust, or share your own products or services.

No complex digital marketing know-how is needed – just plug in, record, and promote the resulting archive of expertise online. And that’s how you can make money as a therapist while having fun in 2024!

12. Become an Associate Researcher

If you want to make money as a therapist, you could consider becoming an Associate Researcher. After all, research at universities can be incredibly satisfying – not only do you get intellectually engaged, but it usually helps with paying for your higher degree.

Even if you don’t have specific research experience, it never hurts to reach out and try your luck! As someone who has tried this in my undergraduate degree, I’d highly recommend it: you may be surprised how easy it is to find those rewarding positions.

13. Teach a College or University Course

This can be an effective way to diversify your revenue streams – use the skills you already possess and apply them in a structured educational setting. Teaching is also beneficial for networking opportunities, so do your research and find out if any local universities offer courses related to your area of practice that may need additional instructors. You never know what new connections you might make!

So, get ready to sharpen those pencils and roll up your sleeves – it’s time for professor mode!

14. Provide Tutoring

Have you ever thought about becoming a tutor for students?

Not only can you capitalize on your own knowledge and expertise, but you can also help to bridge the gap between students who find certain course topics difficult.

Does statistics sound like an unfamiliar language to most therapists? It was for me!

Consider taking up the challenge and becoming a tutor for those classes. Hey, I wish there was someone like that during my studies!

15. Rent Out Unused Office Space

Just because you run a therapy practice doesn’t mean you’re restricted to doing all of your work in the same office.

If you have extra space within your office, you can bring in some extra cash by renting or subletting it out to other professionals! – providing your existing rental contract allows it.

Don’t give up that underused corner for free – charge a low rate and utilize it for the benefit of your practice. You’ll be able to provide space for budding therapists while also padding your wallet come 2024 (and beyond).

16. Create and Sell a Digital Course

If you’re a therapist looking to make money in new, creative ways, a digital course is a way to go. The best part is this income stream is conveniently set up and easy to maintain.

You can write the content of your course from the comfort of your home (or coffee shop if that’s more your style) and start getting paid instantly when your course is purchased.

It’s an awesome way to show off your skills, plus it can become a passive income source after it’s published.

Furthermore, with the growing demand for easy-to-access mental health services, now is the perfect time to create and sell your own digital course – get ahead of the curve!

17. Create and Sell Downloadable Templates

To make money as a therapist, you could try creating and selling downloadable and printable templates. Many prospective clients start out seeking for DIY solutions for their symptoms before ever reaching out to a therapist.

In recent years, self-help workbooks have become a popular solution. But the truth is that you don’t have to sell a full workbook to make additional income, you can create and sell downloadable therapy worksheets, cheat sheets and journals.

And, once designed, these templates can be sold over and over again.

There are tons of ways to sell your digital templates with the world, such as through Etsy, Creative Market, or even on your own website.

I’ve started my own Etsy digital template shop selling downloadable business templates for therapists and coaches in private practice and it’s been a great addition to my business and helps me build my passive income. Want some inspiration? Check out my Etsy digital template shop here.

Don’t overlook the potential of monetizing your skills – it could open up a whole new revenue stream.

18. Start a Monthly Membership Experience

Starting a monthly membership experience as a therapist is an excellent way to generate recurring income and help those in need simultaneously. Not only does it provide a sense of security financially, but it also provides stability for the community around you.

If you focus on creating an experience that is tailored to your community’s needs, your service can prove invaluable.

With more avenues than ever before to create and market a membership experience — not to mention being able to connect with clients online — there’s no reason not to give this prospect some serious thought!

19. Create a Monthly Subscription Service

Jump-starting your own therapy practice is an exciting venture, and it should be rewarded. But facing the reality of providing healthcare services to a wide audience can feel daunting.

How will you make money? Well, rather than waiting for occasional clients to come in, why not incorporate a subscription service into your business model?

Instead of relying on appointment-based income, creating monthly subscriptions can help you generate a more consistent revenue stream and give you more control over your practice’s success.

Plus, since many of today’s consumers are accustomed to subscribing to various services like streaming networks, grocery delivery programs, or even subscription boxes, they’re likely already in the right mindset to sign up for something like this.

There are even sites for selling subscription boxes online such as online Cratejoy.

So don’t delay – explore different ways of crafting a subscription system that works best for your business and watch your practice take off!

20. Write and Sell Books, Ebooks, or Workbooks

One great way to make money as a therapist is by writing and selling books, ebooks, or workbooks. You can choose to submit your work to traditional publishers, or if you want complete control over the process (and retain a larger portion of the profits) you can self-publish yourself.

Self-publishing isn’t limited either – these days, you can use modern options like print-on-demand services and digital publishing tools to turn your knowledge into passive income.

It’s never been easier to take ideas from your head and turn them into products that can help others and make you a profit! Who said being a therapist was all about counselling?

Wrapping it all up

As a therapist, you have many options available to you when it comes to making money. You can choose to work in a non-profit or public sector, as a contractor in a group practice, or even start your own private practice providing one-to-one therapy. But there are so many additional income possibilities outside these traditional income opportunities to think about and hopefully this article sparked some ideas for you.

With so many options available, there is no reason why you shouldn’t be able to find a way to make money that suits your needs and lifestyle.

So, what are you waiting for? Get started today!

Take our Free Passive Income Personality Quiz!


Disclaimer

Any links, referrals or promotional codes listed may be affiliate links where we may receive a small monetary compensation, at no extra cost you, when you click on or use links.

Pin It on Pinterest

Share This