How to Make More Money as a Therapist: 4 Income-Boosting Tips
Whether you’ve been a practising therapist for years, or you’re graduating school soon, you want to ensure you're making the salary you deserve.
A quick Google search will tell you that most therapists in Ontario make between $50 000 and $60 000 per year. But as a recruiter at KMA Therapy, I’ve seen many therapists make over $100 00 per year.
If you want to make over $100,000 per year as a therapist, here are four easy strategies to put that goal well within your reach.
4 Ways to Make More Money as a Therapist
These income-boosting tips will help you make the salary you deserve as a therapist.
1. Optimize your schedule
Number one: you need to establish a full and consistent schedule to make over $100,000.
As a therapist, your schedule needs to allow you to see as many clients as possible. Your schedule should offer about four to five days per week, with a lot of availability every day.
If you’re working in multiple locations, at least two days per week should be at one location.
This allows clients to choose times that work for them without having to push sessions into the following week.
2. Make sure your schedule includes evenings
Number two: offer evening sessions.
Your clients have busy lives. Whether they’re working at a full-time job or they’re a student with a full class schedule, the session times you offer need to suit their needs.
The therapists in our practice who are making $100 000 are usually working evening sessions from 5-9pm, in addition to their daytime slots.
If you're a new therapist, your evening sessions will most likely fill up first, so you want to make sure you offer at least two or three evenings in your schedule.
3. Consider working with a group therapy practice
Number three: work with a group therapy practice.
When you factor in bookkeeping, emailing, and scheduling clients, the hours you’re working add up fast. If you're running your own private practice, you’re responsible for all of these hours on top of your regular client hours.
In our experience, therapists at KMA Therapy are a lot more likely to make six figures because they spend their time actually seeing clients.
Working with a group practice as opposed to running your own private practice allows you to focus on the most meaningful parts of the therapy process - using your skills to improve your clients’ lives.
4. Improve your client retention
Number four: practice excellent client retention.
To make over $100,000 as a therapist, you need to do more than just get new clients to book with you. Your clients actually need to come back.
Even in a group practice, you can get all the clients assigned to you, but you'll never build up your caseload if you don't keep those clients.
To make six figures, you really need to have a robust and full schedule.
Boost client retention by:
- Creating strong therapeutic relationships through connecting and bonding with your clients
- Setting clients up for success by helping them understand how long therapy will last and what their treatment plan entails
- Building a great schedule - you might even see the same client at the same time every week to help establish consistency
Next Steps for Thriving as a Therapist
Here at KMA Therapy, we really want you to be successful. We work individually with each one of our therapists to ensure they reach their salary goals.
I believe that for all the good you do as a therapist, you deserve to live a life of abundance.
If you're interested in joining our team, explore our Careers Page or reach out to recruiter Tre Reid at tre@kmatherapy.com.
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