How I Tripled my Salary in Two Years with Passive Income
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- เผยแพร่เมื่อ 10 ธ.ค. 2020
- How I Tripled my Salary in Two Years with Passive Income
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More and more often these days I'm hearing y'all ask me about how I made private practice skills into a profitable business.
And generally, I've avoided talking about it because I don't want to come across as overly braggy. And I also have ever-ongoing imposter syndrome. Despite how intentional and successful this business model has been for me, I still ask myself: Did I really do this on my own merit?
Seriously. We're all human right? But call it luck or not, I have worked extremely hard at it and it has been successful.
So in this video, I'll share a little more off the cuff the story of how I dreamed up private practice skills and turned it into a business that tripled my private practice income in two years. My hope in sharing my story is so that any of you all who want to generate passive income too can replicate parts of the model I've used and make it your own.
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This video is geared for therapists of all kinds, including psychologists, MFTs, LPCCs, social workers, and others in the clinical counseling field.
Welcome to Private Practice Skills! I’m Dr. Marie Fang, psychologist in private practice. I post videos offering tools I learned the hard way about starting and growing private practice so that you don’t have to.
www.privatepracticeskills.com
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This video is not intended as professional or legal advice. Be sure to seek the services of a professional if you are in need of them.
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I absolutely LOVE her honesty and candid nature! She deserves her success! What a wonderful role model and clinician!
You're too kind! And my hope in sharing is to encourage others that anyone can replicate this, as long as you're willing to do the work and follow the right strategy :)
I spent yesterday and today crying over a man for using up my time. After this video It changed what I'm going to spend my time with. Thank you so much for being so open and honest and helpful with this video. You deserve ALL the $$ :)
Thank you. This was very inspiring. I've been subscribed to you for quite some time. It was nice to see your growth and hear about your process.
Needed this!! Thx. Blessings on blessings!
Thank you for sharing your experience Marie! Its helpful for those of us who are newer content creators to have a realistic perspective of what it really takes to build income streams using online platforms.
Thank you!! You are awesome! I also watched your masters versus psyd income and have been debating between them. Lots of good info and you are funny and engaging. Thanks so much!
Wow! Just finding your channel. This is actually what I was looking for. Great content!
This information was the answer I prayed for . Thank you for sharing this valuable information.
Excellent roadmap, thank you very much for the content you create.
Congrats for a great milestone achieved! Must be great to be able to proudly look back ...totally deserved your success after so much hard work- thanks for keeping it real for us with the effort at the beginning. I bet you had your moments of doubts ...but so happy you didn’t gave up on us 🥳🙏
Thanks Denisa! I definitely had doubts about whether I would earn income from it eventually, but I never questioned whether I should stop. I love it too much!
I am literally going to sit down right now and do this. Thanks so much!!!! How did you learn how to start making and editing YT videos? This is the part that kind of scares me - and is overwhelming - so I've relied on Twitter mostly. It's simpler, but it's a different audience. I'm guessing you have a video on this somewhere!
So awesome to hear how intentional you were with your plans and goals and to see the success you've created! Huge CONGRATS Marie!! And much gratitude for sharing!! Super helpful!!❤❤👍👍
Thank you for all of your support Christian!
this was so helpful and encouraging! thank you
You are truly a breath of fresh air. Your content is so informative and honest. I'm a bit older as a well seasoned therapist and have always thought abput passive income. My challenge is a niche and audience cause I fear boredom. Thank you for your blue print and wisdom. I have a new goal for 2021 to narrow it down. Much continued success!
That completely makes sense! My specialties have already shifted a few times in my career and I think I'm still technically considered early in my career. I plan to always keep shifting my focus, so you're in good company!
very informative; been rooting for you!
Thank you so much!
All the way from Mexico City, I admire your honesty and patiente. I really appreciate your videos, they do help.
Thank you!
Thank you so much for this truly great video. Your approach is SOOO refreshing. You break it all down into logical clear steps and make it sound so "doable" - so many people make everything sound so complicated that its discouraging - and off-putting ! the sheer amount of things they list as essential are exhausting - I have come away feeling 100% encouraged - My channel is ready and I am launching this week . Many thanks your new fan Maureen Pilkington
What a sweet comment! It is indeed the both/and of doable and hard work. But hard work doesn't have to mean it's complicated or that it requires giving over your values. I'm all about choosing the cluster of activities that fit who you are and that create the outcome you want - it looks different for everyone! Excited for your channel to launch and best wishes to you!
Thank you for sharing this video! It's extremely helpful and inspiring.
I'm so glad to hear that!
You are so inspiring. I really love your honesty. Thank you so much for sharing. I just had to subscribe! 😊
Aw I'm glad you found this helpful! Welcome and I hope you enjoy the rest of my content!
It is very generous of you to share this information. It is much appreciated. :)
You have been so helpful in providing tips and guidance for therapists to start their private practice. I'm so glad to hear that your business and passive income are growing! I would like to explore passive income someday. Need to juggle work life balance too! Thank you!
I'm glad you find it helpful! It's definitely a ton of elbow grease up front to get the systems set up, but SO well worth it in the end if you're willing to put in the effort. Wishing you all the best!
Thank you for this insight and these details.
jjeeeez, what a super nice person you are!! :) and thank you for your knowledge!! new subscriber here
Love the honesty and breakdown 😊
Great watching your channel grow.
OK, this makes my list of your videos I watch when I'm feeling down and discouraged. (Watch her video on being an HSP). Thank you for helping me change my mind to switch / emphasize videos over direct emails (Yes, I do see how they work together). Thank You again for your course - I haven't had a chance to start it yet, but look forward to it!
Aw thanks so much for your sweet comment Summer! So glad you found this helpful. Best wishes to you!
I’m on my path to build my passive income now. Thank you for sharing your journey.
What platform did you use to create your email list? I would love some guidance on that. Like do you use mailchimp or something like that? And, what platform did you use to create your course? I would love to create a course as I'm growing my list. Also! I'm an RD trying to get my practice off the ground, and I'm loving your channel! Thank you!
Love it! Please do more on each parts in more detail! Also is the high CPM for the mental health industry or for your channel only? TIA
Thanks for the request! Are you asking for more detail about how much I get paid in each arena? Or possibly how I developed those income streams? As far as CPM, it can vary widely and I'm not educated enough to know which industries fare better and whether mental health videos would have a different CPM. Great question though!
@@PrivatePracticeSkills Both if you can! As that shows how much roughly each avenue has bought you so far as well as how you developed them. Yes as the CPM varies e.g. tech has a high CPM so i was looking to confirm whether that was the norm in mental health-related content as no one else has been as transparent as you have! Thank you for that.
I call my twin-flame/soul-mate/true-love to me, NOW!
Amazing information. Thanks for sharing
I loved this video! Very encouraging. Thank you.
I'm glad you found it encouraging!
Thank you! You are an inspiration 💕
Thank you for sharing, I liked and subscribed! You said a lot of informative things!!
I'm glad you found this helpful, and welcome!
Can I ask how you can present this well? Your presentation is amazing
@@alineassadourian1299 Aw shucks 🥰 I use Final Cut Pro to make my videos. It has a steep learning curve, but you could use free software like iMovie to do the majority of things I do in my videos :)
@@PrivatePracticeSkills Thank you for replying. You're so kind!
Blessing upon you for your generosity.
You could cut the number of private practice in half, replace them with private coaching clients- therapists who want to scale their practice- and charge them 2.5x what you charge your private practice clients. Easy.
You could make a group program and charge $3-5k for this too. I see it all the time (business coaches) but you’ve ACTUALLY done it yourself (a lot of those coaches haven’t grown a successful practice but they’re happy to charge $10k+ to tell you how you should do it 🙄). We need less of them and more of you! You’re awesome!! The real deal 🙏🏻❤️
Thanks for sharing ❤
What site did you use for your practice email? And do you feel an EHR is necessary?
Thank you so much! Balance is key for working moms. Bravo for figuring out how to create this!
Aw thank you! ❤️ It's an ever-unfolding journey, but I'm glad to have found a balance that seems to be working for now at least!
One of your best videos yet!
Aw, thanks!
Thank you for this. I've been interested in consulting clinicians in improving their private practice. I have a bit of imposter syndrome though and doubt myself because I wonder what makes me qualified (even though my business is doing very well and I have a lot of management experience with growing programs) as well as not quite sure what to cover. I feel like I'm still learning so how can I be the expert. Going to think on this more.
Go for it! Like I said in the video, the best route for something like this is to grow an audience. You can see if there's a platform that's a good fit for you and start making free content for folks on how to improve their practice. See what you think and if you like it, keep going!
Man I love your stuff.
Hi Marie! Have learned so much from you and love your videos. I’m curious if you would share your video-making process. Do you make a written outline or script beforehand? Do you rehearse? Do you talk freely and then edit or record spoken sentences in segments? I’m trying to learn the best way to make videos that people can actually learn from. Thanks so much in advance!
Great questions! My videos are both highly scripted and heavily edited. I don't think this is required and I think most folks in this niche don't follow the same approach. I do speak a bit about my video process here: th-cam.com/video/cm527-qAqew/w-d-xo.html Hope this helps!
@@PrivatePracticeSkills Awesome! Watching now. Your production quality is superb. Thanks so much.
@@deborahlara You're too kind! I have a lot more to learn but I have enjoyed the process of learning how to make videos. Best wishes to you!
Brilliant advice. Thank you so much. 🇿🇦🙌🙌🙌🙌
wow. i called it. you are a teacher! so nice to find you! i have so much to learn! : )
Glad to have you! :)
Brilliant… this is right on time.. of course 🖖🏼
How do we make sure we get reimbursement from insurance companies??
How do you market for self-pay clients?
Would love it if you had some tutorials or group on finding your niche. You have such great examples and would love to hear more!
I have a few! Here is one on finding your niche/specialty: th-cam.com/video/bh6bJRb7iwQ/w-d-xo.html
@@PrivatePracticeSkills I've seen it and it's great! And would love more! The examples are super helpful. Thanks very much 😀
My only issue with this video is most of it is related to making a business with TH-cam which is a very niche thing. It’s rare to find therapists that have a TH-cam channel that actually generates some kind of income. It was more helpful to learn about more practical applications such as ways to get clients, scaling, billing etc. in order to run private practice and make six figures. Obviously we need multiple sources and think outside the box.
Will you do a video on taxes? If you are making a 6-figure income, say about 115k, how much, as a business owner, of that do you actually hold on to after accounting for taxes?
Hi! This is brilliant but I am just so overwhelmed by the idea of where to start, or how to have the energy to spend 10-20 hours a week building a brand. Could you do a video on this? I’m exhausted after my FT job!
Sameee
Do you offer an e course on building a therapy related business where you sell a service that’s not direct therapy (like what you are doing I guess 😊)
PRAYER:
- PERFECT HEALTH
- ABUNDANT WEALTH
- TRUE LOVE
Nicely done, I'm on my way to 6 figures for 2021 I hope
That's amazing!
congrats
Can you share the range of what you make 🙈
I think your style speaks to me, but have you made a video what comes after grad school?
Thanks! Are you referring to completing hours for licensure? I do have a video where I share my story getting a postdoc in private practice if that might be helpful to you: th-cam.com/video/Gr_9uQrewMA/w-d-xo.html
@@PrivatePracticeSkills I’ll check it out later and let you know and I have shared ur channel already with my graduated friends
The key is most people aren't in a position to work 20 hours a week for a year without being paid...
That's fair! I didn't share in this video that I really hustled at the beginning...I sometimes pulled 60 or 80 hours a week to make it happen. It was a hustle at the beginning to build. It's an important point to note that it is a sacrifice!
Thanks for this! I'm working on building a channel to help people who are at risk for cancer or who have cancer eat a cancer fighting diet!
That is such a valuable topic to speak to! Good luck to you!
@@PrivatePracticeSkills Thanks! I've been watching you for a couple of months now - Your channel is great for other providers, too!
@@maryjohnsonmedmsnrd3149 I'm so glad it's applicable in various settings!
Love
I love your videos! but I have to wonder if you are just superhuman or is this actually viable for the "regular" person haha. Thanks!
Hah! I assure you I'm not superhuman. I am highly sensitive, which causes my system to shut down in most traditional employment contexts, but I do thrive when I get to work for myself and express my creativity! I believe each of us has our sweet spot where we thrive :)
I just feel this is just so manipulative. Am I crazy?
Specifically How??? 🤔🤔
“ I don’t make enough at the clinic so I transitioned into a hustle grindset TH-camr that makes money by talking about making money on TH-cam”