How to Make 6 Figures as a Therapist? (19 Best Ways in 2024)
So you want to make six figures as a therapist? Good for you! Being a therapist is a highly respectable and well-paid profession, and there's no reason why you can't earn a high income if you put your mind to it.
In this blog post, we'll look at some of the best ways to make more money as a therapist - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start a podcasting business ($50K/month)
Podcasting businesses often start as a hobby. You publish a few episodes and posts, and soon you will start getting engagements from interested parties.
However, to earn money from your podcasting business, you need to put a lot of effort and time into producing quality shows that address your audience's concerns.
To grow your podcast business, ensure regular publishing, which brings better growth, more listeners to your channel, and a higher income.
Here is a list of steps to help you transition the podcast from a hobby to a full-time podcast business:
- Ensure a focused effort and adjust the tone of each podcast episode
- Make podcasting your priority
- Focus on building
- Grow a mailing list
- Aim at building a trusted brand
- Develop a long-term growth and marketing plan
How much you can make: $5,000 — $349,983/month
How much does it cost to start: $200 (?)
How long does it take to build: 30 days (?)
2. Start a social media marketing service ($59.3K/month)
How much you can make: $3,000 — $6,358,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
3. Start a digital ebook business
How much you can make: $100,000/month
4. Start a social media marketing agency ($350K/month)
Whether you want to clear your utility bills, finance your college education or save for a vacation, a social media marketing agency is one of the best ways to earn extra income. The advantage is that you do not need to commit so much time to automate using social media marketing tools. All you need to do is develop a good social media marketing strategy that will enable you to serve customers efficiently. Besides, you need to create an agency portfolio to market your services to target customers.
How much you can make: $10,000 — $2,400,000/month
How much does it cost to start: $6,250 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 30 hours/week
5. Start a youtube channel
For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. In addition, YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.
In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube's popularity to earn extra income.
If you want to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.
How much you can make: $800 — $4,500,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
6. Start an online course creation business
Starting an online course could be perfect if you want a passive income. Whatever your background, you could start teaching online and earn a passive income.
All you need to start an online course is patience, imagination, and an enabling eLearning platform where you can connect with the relevant audience.
Online courses may take time and require a lot of effort to start selling. However, once your audience finds the content resourceful, they start sharing and recommending it through their network. Remember, creating an online course could take longer than expected, so remain focused and give your best.
How much you can make: $1,666,666/month
7. Start a blogging tips website
How much you can make: $4,000 — $100,000/month
How much does it cost to start: $200 (?)
How long does it take to build: 60 days (?)
8. Sell digital products
Digital products are top-rated. They’re easy to create and share and a great way to build a business.
Digital products can be software-based, like an app or game, or information-based, like an ebook or course. They can also be something else entirely—like a membership site or a community. The possibilities are endless!
So what makes digital products such a great way to build a business? Well, first of all, they’re effortless to create. You don’t have to hire anyone else to do it for you; you can do it yourself! And because there’s no risk of having inventory sitting around in your garage, digital products can be sold directly from your website without worrying about moving merchandise.
How much you can make: $10,000 — $1,766,666/month
How much does it cost to start: $500 (?)
How long does it take to build: 58 days (?)
9. Start a music licensing business ($195K/month)
How much you can make: $50,000 — $315,000/month
10. Become a real estate agent ($350K/month)
Real estate agents are professionals who assist clients in marketing and selling their properties. They also assist the buyers in purchasing properties. Their services include meeting clients, advising them about market conditions, and providing guidance through the process of buying or selling properties.
A real estate career can be financially rewarding. However, the work requires good management skills, organization skills, customer service, handling complex paperwork and socially promoting yourself.
The pros of becoming a real estate agent include earning extra commission from clients and also setting your own working hours.
How much you can make: $5,000 — $1,500,000/month
How long does it take to build: 180 days (?)
11. Start a story blogging business
A story blogging business is a venture where you write and share engaging stories online.
It involves creating content that captivates readers and keeps them coming back for more.
To start, you'll need a computer or smartphone, internet access, and a platform to publish your stories, which can be a free blog or social media.
You can generate income through methods like ads, sponsored content, or even selling merchandise related to your stories.
This low-cost business idea relies on your creativity and writing skills to build an audience and turn your passion for storytelling into a profitable venture.
How much you can make: $1,500 — $75,000/month
How much does it cost to start: $100 (?)
12. Start a youtube channel
For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. In addition, YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.
In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube's popularity to earn extra income.
If you want to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.
How much you can make: $800 — $4,500,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
13. Start a proofreading service ($1.2K/month)
How much you can make: $1,200/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 150 days (?)
14. Become an ebook writer
How much you can make: $17,000/month
Time commitment per week: Min. 3 hours/week
15. Start an educational website business
How much you can make: $10,000 — $3,735,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 190 days (?)
16. Start a garage sale business
How much you can make: $7,000/month
How much does it cost to start: $1,000 (?)
More business ideas
- 17. Start a real estate crowdfunding business
- 18. Start a dividend investing business
- 19. Start a paid online surveys business
Frequently asked questions
Can you make 6 figures as a therapist?
Yes, you can earn 6 figures a year as a therapist. The easiest way to achieve this income is to start your own business and be your own boss. You can choose one of the ideas from our list.
How to make 6 figures as a therapist?
Do you want to make six figures as a therapist? It's not impossible, but it will take some effort. Here are a few tips to help you get started.
First, focus on developing your skills and becoming an expert in your field.
Next, find ways how you can use your skills to work for yourself or do some side hustle. You can use the list above.
Finally, think outside the box and explore new opportunities for earning more money. With hard work and determination, you can achieve anything.
Conclusion
If you are a therapist, there is no reason why you cannot make six figures. It will require hard work and dedication, but it is possible.
Consider the business ideas we’ve outlined in this post and get started on your journey to becoming a high-earning therapist today.
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
