15 Impactful Business Ideas For Therapists & Psychologists
Are you interested in psychology entrepreneurship ideas?
As people become aware of the importance of emotional health, the demand for psychologists and therapists is growing steadily.
Therefore, starting psychology business ideas in 2024 will be great. However, finding the most profitable business ideas for psychologists can feel overwhelming.
The good news is if you're looking to start your therapist and psychologist business, there are several excellent options for your consideration.
We put together a list below of the top psychology business ideas you can start today!
(Oh, and if it's not enough, we have a list of mental health related business ideas)
Here they are:
1. Start a therapy business
Therapists are professionals licensed to help patients cope with mental and emotional challenges. A therapist listens to the client's challenges and works with the client in developing a plan to confront the challenges and achieve an improved life.
If you plan to become a therapist, you should consider what type of therapy you wish to provide. Then, earn the necessary certifications and licenses to practice.
How much you can make: $10,000 — $150,000/month
How long does it take to build: 240 days (?)
Professional cuddler, Sam Varnerin, developed her successful one-to-one cuddle service, Snuggle with Sam, as a result of recognising the universal human need for connection and touch, which also led to her opening Sam’s Snuggle School, a course for aspiring professional cuddlers.
2. Start a health and wellness retreat
Health and wellness retreats concentrate on health goals to relax and recharge. The retreats are enriching getaways that provide people a safe sanctuary and allow a deeper emotional withdrawal from daily life's stresses and strains.
As entrepreneurs and managers realize the importance of health and wellness retreats in recharging the batteries and repairing the employee's well-being, the number of bookings has been rising. Therefore, you may consider hosting retreats if you are a health and wellness therapist.
To start with the health and wellness therapist business, identify a niche, register your business, and then focus on marketing the business.
3. Become an intuitive therapist
Intuitive therapists utilize intuition to uncover what their client senses but may not be consciously aware of. As the therapist, you will use intuition to access the unconscious information and bring it into conscious awareness.
To become an intuitive therapist, you should take the training to help you develop holistic mental health so you can uncover, articulate, and release the source of the presenting problem. Upon completing the training, you will undergo the licensure examination.
How much you can make: $3,500/month
RDRx Nutrition is a successful private practice that offers individual nutrition coaching, boasting profits of $1,800-$2,100 per month after just one year of business, and achieving a client base of over 2200 followers on Instagram alone.
4. Start a psychic reading business
The psychic reading business focuses on helping clients see things about their past, present, and future, so the client can use these details to adjust and improve their life.
A psychic helps people struggling with love life, career path, or investment decisions.
To start the psychic business, you need to take a course to acquire the skills needed to read the client's past, present, and future.
How much you can make: $6,000/month
How much does it cost to start: $200 (?)
How long does it take to build: 3 days (?)
Meet the Clairvoyant life coach who has built a highly successful business generating an average income of $5,000-8,000 a month through her talents as an Author, LifeCoach Astropsychologist, Spiritual Therapist, astrologer, and Clairvoyant with the ability in remote viewing to help clients understand their existence, relationships, careers, and connection with the universe or source.
5. Become a massage therapist
Massage is a growing industry, and as such, many business options exist for those who want to enter this field. The most typical form of massage therapist business is an independent operation. This can be either out of one's home or a massage studio rented on an hourly basis.
Building a successful massage therapy business is not as difficult as you might think. Massage therapists offer much-needed services to communities and clientele. If you are looking for a new career or want to increase your income while delivering an important service, then starting a new massage therapist business can be an excellent choice.
Turn your massage therapy practice into a successful business by applying core business skills that lead to success.
How much you can make: $3,500 — $275,000/month
How long does it take to build: 120 days (?)
Professional cuddler, Sam Varnerin, developed her successful one-to-one cuddle service, Snuggle with Sam, as a result of recognising the universal human need for connection and touch, which also led to her opening Sam’s Snuggle School, a course for aspiring professional cuddlers.
6. Become a mental health counselor
A mental health counselor assesses and treats mental and emotional health disorders caused by relationship issues or life challenges.
According to World Health Organization, mental health conditions are increasing globally. Mental disorders involve a significant disturbance in thinking, emotional regulation, or behavior.
To become a mental health counselor, learn various psychotherapy skills so you can identify triggers and help patients to cope with negative emotions and reduce symptoms of mental disorder.
How much you can make: $1,100 — $500,000/month
How long does it take to build: 77 days (?)
A licensed mental health counselor increased her income by creating Coping Skills for Kids, which now has a gross revenue of approximately $10,000 per month, from selling products such as the Coping Skills for Kids Workbook and the Coping Cue Cards that help children manage stress, anxiety, and anger.
7. Become a healthcare practitioner
A healthcare practitioner is a licensed individual authorized by the state and performs within the scope of their practice as defined by state law.
Under federal regulations, such an individual can be a doctor of medicine or osteopathy, podiatrist, dentist, chiropractor, clinical psychologist, optometrist, nurse practitioner, nurse-midwife, or clinical social worker.
A healthcare practitioner business runs as a private practice and, if run properly, has the potential to generate huge profits.
If you are a certified medical practitioner, starting your private practice lets you be your “own boss” and gives you the freedom to choose who to serve and where to operate. Therefore, the health practitioner business can be very lucrative.
How much you can make: $100,000 — $200,000/month
How long does it take to build: 242 days (?)
Founder and CEO of SelfDecode, Joe Cohen, explains how his company helps people discover personalized diet, supplement, and lifestyle recommendations based on DNA and lab tests; generating about $2.7 million in revenue over the past year and raising $8 million in a crowdfunding campaign, SelfDecode provides personalized health recommendations prioritized on unique genetic variants, marking the future of healthcare.
8. Become a physical therapist
Physical therapists are trained professionals who evaluate and treat abnormal physical function relating to injuries, disability, or other health conditions. The professionals can diagnose and treat various injuries and health conditions and improve a person’s range of movement and quality of life, preventing further injury or disabilities.
A licensed physical therapist works in various healthcare settings, including private practice and fitness settings. To become a physical therapist, earn a doctor of physical therapy education and pass the licensure exams. Then, you can register your business and focus on growing the business.
How much you can make: $11,300/month
Professional cuddler, Sam Varnerin, developed her successful one-to-one cuddle service, Snuggle with Sam, as a result of recognising the universal human need for connection and touch, which also led to her opening Sam’s Snuggle School, a course for aspiring professional cuddlers.
9. Become an ayurvedic practitioner
An ayurvedic practitioner utilizes the ancient Indian form of holistic medicine to heal people and help them achieve mind, body, and spirit wellness.
Demand for Ayurvedic medicine and herbs has risen steadily. This is as more people become aware that ayurvedic treats the root cause of a health issue and not merely the symptoms. Therefore, starting Ayurveda medicine is not only a significant contribution to improving healthcare, but it can also be a rewarding business opportunity.
To become an ayurvedic practitioner, you must complete the prerequisite training and pass the licensure examination.
10. Become a hair massage therapist
Hair massage therapists help clients achieve better hair growth or thickness.
If you love helping people live better, healthier lives through your work, then you may consider becoming a hair massage therapist. To become a hair massage therapist, enroll to obtain the proper education and receive the training and certification.
To start your business, you can take an internship at a spa establishment to gain the necessary experience and become an independent hair massage therapist. When comfortable working independently, you may open your massage parlor or serve clients from home.
11. Start a psychotherapy talk show
If you enjoy helping people to eliminate and control troubling symptoms, so they function better and increase their well-being and healing, consider starting a psychotherapy talk show.
Psychotherapist talk shows focus on helping people with a wide variety of mental illnesses and emotional difficulties. The talk shows can focus on coping with daily life, trauma impact, medical diseases or loss of a lovened one, and other areas.
You can start a podcast or engage a popular radio station in your area, so you leverage their existing audience.
12. Become a crystal healing therapist
Do you believe in the healing power of crystals? Starting a crystal healing clinic could be a profitable business opportunity.
Healing crystals remain popular at health spas and alternative medicine health clinics and have seen an upsurge over the past decade. To become a crystal healing therapist, consider taking an accredited crystal healing course online and start an internship to gain relevant experience.
You can offer therapy sessions from the client's home or open your brick-and-mortar facility to get started.
13. Start a music therapy company
Are you passionate about helping people cope with emotional and mental problems through music? Starting a music therapy company can turn your passion into a profitable business.
As a music therapist, you will work with people of all ages and use music to help them through emotional or mental problems, learning or physical disabilities, development disorders, life-limiting conditions, or other physical illnesses.
To start the music therapy company, consider earning a bachelor’s degree in psychology and register for clinical training or a supervised internship where you will harness your skills. To practice, you must pass the national board certification exam administered by a certification board for music therapists.
14. Start a drug rehabilitation center
Are you passionate about counseling drug users and helping them live meaningful life? Opening an alcohol and drug rehabilitation center is a noble idea.
Substance abuse, tobacco, alcohol, and drug addiction are rising globally. According to research, the addiction treatment market is approximately $35 billion a year and growing. Therefore, starting a drug recovery business can be rewarding.
If you plan to start the rehabilitation center, remember that rehab centers are comparable to private medical practices. So you are required to be licensed to operate the business in the addiction field.
Thus, you must attain legal licensure and all regulations and paperwork ready to operate as a drug rehabilitation center.
15. Start a spa retreat center
Spa retreat centers offer yoga, meditation, healing treatments, and counseling sessions to support the patient in finding balance and a sense of well-being. However, wellness retreat centers can be unique, so the same classes, workshops, and treatments can differ.
With the growing demand for wellness retreat services, starting your spa retreat center can be profitable. To start, identify the target market, and establish a facility. You can offer a mobile retreat service or equip a physical facility where you will serve the customers.
How much you can make: $275,000/month
How long does it take to build: 300 days (?)
Glosshouz is a full-service day spa that offers aesthetic and wellness services and has grown to over 1000 monthly members, earning $3,311,338 in revenue in 2022, and will soon be offering franchises.
- 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
