Multiple Income Stream Success Story #3: Teaching

As we highlight more opportunities to use things that you enjoy doing and instances where others request your services to generate multiple income streams, I am sharing stories of other practitioners who have found ways to do just that: We often forget that we have achieved at least a master's level education that can qualify us to teach others. There are many opportunities out there for teaching. Consider these options if teaching others is a passion for you. Teaching university or college courses, online courses or webinars, community workshops, or professional trainings.

Getting started with teaching can be very easy; start with who you know. Contact your alma mater or other nearby colleges and universities. Many universities have positions available for adjunct faculty to teach entry level classes or to offer professional trainings to students in your field. Keep in mind, these types of teaching commitments usually last for extended periods, so be sure that they work for your timeline and make sense financially.

Presenting or developing online courses or webinars can be an easy, passive source of income. Once a training has been developed, you can easily record it and make it available for download or schedule various presentation times to virtually present it to others. This is an excellent area where your expertise can lead you to topics or needed courses. It also allows you the opportunity to reach well beyond the scope of your geographical location.

Starting small can often lead you to bigger opportunities and income growth. Consider providing small trainings at your practice for continuing education credits. Pam Dyson, MA, LPC, did just that when starting her play therapy trainings. When Pam originally started with trainings, it worked out to about 25% of her income. As those trainings became more successful Pam grew those trainings to the point where they provide 75% of her income. Pam shares this about her experience in growing teaching as an income stream.

“In 2010, I became an Approved Provider for the Association for Play Therapy. I began by offering a day long play therapy training, once a month, out of my private practice office, where attendees could earn the clock hours needed to become an RPT. I set up a website to promote the trainings, and within a year I was at capacity for each training. To meet the demand, I began offering four day-long trainings per month."

If you would like to learn more about Pam Dyson and the trainings that she offers, please visit DFW Play Therapy Training.

Community workshops are another area where teaching can be a beneficial source of income. Workshops are excellent because they often don't take much time to develop and also only last for brief periods. In my practice, we have sometimes taken areas or groups of individuals who have a need for instruction in a particular area and turned that into a workshop. I have done this when I see a consistent or similar problem in my clientele. At one point, I was working with many women who were suffering from a lack of sex drive. I developed a workshop for cultivating desire in marriage that I would present for a few hours every few months.

I encourage you to keep in mind doing those things that you are passionate about. Teaching may not be your cup of tea, but there are plenty of other ways to generate multiple streams of income. If you're still having trouble coming up with something, refer back to my 5 Key Questions to help you get started.

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Therapist Blog Challenge #20: Athletes and Mental Health

Therapist Blog Challenge #20 deals with the sometimes misunderstood topic of the mental challenges that athletes may experience.

[Headline] Come up with a headline to give your readers an idea of what is to come. Here are a few examples:

Athletes' Unique Struggles With Mental Illness

Why Athletes Are Not Immune to Mental Health Challenges

Depression and Anxiety in Athletic Competitors

[Strong Intro] Write an introductory paragraph to explain more the topic and lay the scene for your main points. You may write your own or use the following:

Athletes are the envy of many in our society. Whether they're professionals, college players, or even high schoolers who excel in sports, it's not uncommon to desire their physical strength, attractive appearance, and mental grit. But what some may not understand is that athletes are just as vulnerable to mental health problems as the rest of the population. In fact, they often face unique struggles concerning their psychological well-being. According to some estimates, as many as 1 in 5 athletes experiences some form of a mood disorder. Here are 4 common reasons why athletes may struggle with mental illness:

[Scanable Content] Break up your content to make it more digestible and easy to read. Under each point, flesh out your idea by elaborating on your thoughts.

Athletes Often Tie Their Self-Worth To Their Performance

Athletes may experience feelings of worthlessness or extreme disappointment if they lose a game or match or otherwise do not perform at the level they desire. As losing (and even failing) is an inherent part of sports, this can occur quite frequently and therefore take an emotional toll that may leave these individuals prone to situational depression.

Frequent Injuries

Depending on the specific sport of event, some athletes may get hurt quite regularly. Head injuries (particularly concussions) sometimes seen with football players can lead to depression. Also, injuries that sideline athletes can cause them to feel incomplete or incompetent, which may further trouble them emotionally; if sports is what an individual excels at, he/she may feel like there is nothing else without them.

Associate Mental Illness With Weakness

As athletics emphasizes strength, having an "off-day" or being otherwise psychologically low may come off as weakness. Coaches and players may exacerbate this idea, and athletes can feel even worse about themselves if they are experiencing extreme sadness, anxiety, or other uncomfortable emotions resulting from a mental illness. There is already enough societal stigma concerning this topic, and this may even be more so in the world of athletics.

High Stress and Pressure

Everyone experiences the stress of everyday life, but that felt during an athletic event is even more intense. As an athlete's paycheck (and pride) depends on their performance, the stress and anxiety can sometimes prove too much and create a heavy psychological burden.

[Strong ending paragraph] 

Wrap up your post by summarizing your main points to conclude and then possibly offering a further idea or two for readers to investigate on their own. Here's an example:

The nature of sports and competitiveness presents unique challenges for athletes. Thankfully, we can raise awareness of this issue in the hopes or reaching more individuals who may need professional help. Visit the International Society for Sports Psychiatry (ISSP) for more information.

Additional reminders about the 2015 blog challenge

• Write and post your blog article in the next 2 weeks. If you miss the deadline or you read this article months later, that’s OK too. Post a link for this blog challenge in the comment section of this blog post.
• Read, comment, and share other therapist’s articles.
• Tweet your post using hashtag #therapistblog and tag @julie_hanks so I can retweet it.
• Pin it on the challenge Pinterest Board. I’ve invited everyone who posted a comment on the initial blog challenge post as collaborators so you can pin onto the group board.
• Spread the word and invite mental health colleagues to join the challenge. Articles can be added anytime throughout the year.
• Write no more than 600 words, make it easy to read, use a conversational tone, and gear your articles toward your ideal client (not other professionals).
• The goal of a professional blog is to provide value to your website visitors, help them get to know your professional perspective, increase traffic to your private practice website, and build your practice.

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Multiple Income Stream Success Story #2: Consulting

We are continuing our Success Stories of multiple income streams using the six areas I’ve previously highlighted: supervising, consulting, teaching, publishing, speaking, and writing. Today we’re looking at number two on this list, Consulting. There are many ways a private practitioner can offer their knowledge for consulting purposes. These include: consulting with professionals, mental health agencies, corporate trainings, media contributing, and forensic consulting.

This success story is my own.

I love helping therapists create a practice that is energizing, fun, and profitable. After I had been in private practice for about 7 years and had grown from a solo to a private clinic, other private practitioners started asking me to share how I developed a clinic that didn’t rely on managed care, how to build a social media presence, and how to land media interviews. I started this blog Private Practice Toolbox on PsychCentral.com in July 2011 and started presenting on practice building strategies and began a consulting business Julie Hanks, LLC.

Here are a few questions to ask yourself if you'd like to add consulting as an additional income stream:

1) In what areas are other mental health professionals asking me for feedback, training, and information?

2) List 3 areas of expertise and professional passions. Which businesses, groups, or individuals people are looking for information related to my specialty area?

3) Which topics are you constantly researching, reading, and talking about simply because you enjoy learning more?

My hope is that these questions prompt you to brainstorm some ways that you could incorporate consulting into your professional life. If you are currently providing consulting, please let me know about it by posting about your consulting services! Feel free to add a link, too.

To learn more about my private practice consulting services visit PrivatePracticeToolbox.net

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5 Reasons to Network With Other Therapists

As therapists, it’s easy to become isolated. We see our clients, fill out paperwork, perhaps read a book or two to brush up on certain skills, then go home. I certainly don’t mean to imply that the work of a clinical counselor is rote or is not stimulating, but as the nature of therapy is very private, it’s quite possible to get into a routine that greatly limits our interaction with other professionals.

Through my 13 years in private practice and 20+ years in the mental health field, I have come to understand the power of networking with like-minded professionals. Networking is cultivating relationships to facilitate the exchange of information (which may be related to the nature of the profession and/or to career and employment). For our purposes, it simply means being in frequent and meaningful contact with other therapists! This strategy has greatly benefited my practice and also me personally and professionally in numerous ways.

Here are 5 reasons to get out of your office and begin networking with other therapists:

1) Client Referrals        

Perhaps you've recently opened your practice and need to build your clientele. If you know others in the area and have begun to create those relationships, you have a valuable resource to draw upon. Introduce yourself to other practitioners in your area in case they know anyone seeking a therapist with your speciality (it's not self-serving; it's smart). Conversely, if you have a thriving practice and have the wonderful dilemma of having a higher demand for your services than you are able to provide, generously referring out is a way you can serve individuals even though you are not seeing them as clients. Network to learn of others you can contact if/ when this occurs.

2) Combat Loneliness 

We teach our clients about the importance of self-care, but are we tending to our own emotional needs as well? We understand from attachment theory that we innately need connection with others; isolation is quite literally a form of torture, and many therapists I've worked with feel a real sense of disconnection seeing only clients all day. Reach out to others in order to fight loneliness and feel emotionally supported (read more here about this idea).

3) Career Opportunities      

Beyond your work as a clinician, you can use your skills and talents to serve your community in other ways (such as through writing or consulting), and many of these opportunities present themselves through your relationships with others. Perhaps a colleague has suggested or inspired you to expand your activities. Networking has brought me personally many opportunities that I wouldn't have otherwise had. It's quite amazing the possibilities that can open up to you if you devote time and energy to cultivating those professional connections.

4) Collaboration        

Going along with the previous point, finding ways to apply your skills other than by seeing clients is often best done in collaborative efforts. Combining your knowledge and experience with others in the mental health field is a great way to enrich and contribute to the professional community while simultaneously expanding your outreach. This very blog is infinitely more valuable because it contains not only my experiences, but those of others with whom I've networked and created relationships. Reaching out and working with others in the field can enhance your career accomplishments.

5) Communicate About What's New      

If you're sitting in your office all day with only minimal contact with the outside world, it's unlikely that you'll hear about new developments in the field. But through continual networking and staying in touch with other clinicians, you can become aware of and familiar with new therapies and strategies that may enhance your practice. Regular contact with others can help you keep abreast of these new ideas, and you as well can offer your feedback on current topics and controversies relating to therapy.

What are reasons YOU network with others?

How has networking benefitted you?

Stay tuned for an upcoming post about therapist-friendly strategies to effectively network.  

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Multiple Income Streams Success Story #1: Supervision

In the past, I've written about increasing revenue using multiple forms of income (income not related to direct client hours). I offered five key questions to find areas where you might be able to enjoy adding some extra income to your private practice. In this series, I want to share the successes of private practitioners who have used these concepts to find areas that not only increase their income, but help reach their ideal clients and also fuel their passions. Amy Tatsumi, MA, LPC, found that she could garner additional income and give back to the psychotherapy community by providing supervision to others training in her field. Amy estimates that 25-30% of her income comes from supervision and consultation services.

“I believe that supervision and consultation are the biggest ways that I can give back as a therapist. Supporting clinicians in their journey to become sound, connected, and grounded psychotherapists has a powerful ripple effect. The supervisee, as well as all of their future clients, are impacted by the supervision process in their growth and development. In my private practice, I offer both individual and group clinical supervision and consultation for post graduate candidates and post license and seasoned practitioners in art therapy, counseling, and psychotherapy.”

To learn more about Amy and her services, visit amytatsumi.com 

You might find that the fee you can charge for supervision is similar to your hourly clinical rate. I recommend researching what the standard rates are for supervisors in your area. Be sure that you are meeting all the qualifications for supervising a particular discipline as requirements differ depending on the field (social work, professional counseling, psychology, marriage & family therapy) and on in which state you practice. It is common that supervisors meet requirements for a minimum number of years of licensure or have specialized training as a supervisor. It's also important to research and understand which groups of trainees you should or should not supervise.

Income from supervision can be accomplished in a few ways. I have found in my own practice that hiring interns to meet with clients has been a successful way of creating additional income for the practice. It allows your practice to see more clients than only having one provider. You can also provide direct supervision to clinicians from other agencies. There are many times when clinicians may not have access to the type  of supervisor necessary to meet the licensing requirements. They must then seek someone who can provide that. You can also provide supervision for other agencies themselves. Agencies may find that they have a need for someone to supervise employees for similar reasons that clinicians may seed outside supervision. Creating a relationship with an agency for supervision could be a consistent income stream. Consider all your options, then implement the style that works best for you.

If supervision isn't the income source you're looking for, don't worry; I'll be sharing other success stories and ideas for multiple avenues for revenue. I'd love to hear from you about areas where you have found the opportunity to generate income and, hopefully, some excitement for you.

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Join my Private Practice Toolbox Facebook group and connect with 3200 therapists around the globe in 2 simple steps: 1) Click request to join the group and 2) Fill out this brief questionnaire before you’ll be added to the group.