How to Kill It in Private Practice: June 2019 Monthly Income Report

How to Kill It in Private Practice: June 2019 Monthly Income Report

How to Get to the Next Level of Private Practice

In trying to make money in private practice you have to know what stage you are in, are you:

Private Practice Videos and Highlights

Top Private Practice Stories

Avoid the Summer Slump in Private Practice

For many private practices, they experience a “summer slump.” Summer is a time when people go on vacations, spend time away, and may feel better because of the weather. As a result, many private practices experience a downturn in clients.

Should You Take Medical Insurance or Go Private Pay?

Should take insurance in your private practice or should you go private pay? Whatever your private practice is, it’s a big decision whether you want to go the route of private pay, which I did in my group practice or if you want to go the route of insurance. Each side has its own pros and cons.

How to Set Your Business Rates

There are a couple of things that I recommend to get the most out of your private pay clients and I don’t mean just squeezing the most, but to have it be fair for you and fair for them. Now you’re going to have private pay people no matter what. Even if you’re an insurance-based practice there are going to be people that voluntarily choose not to build insurance. It’s important for you to know how to set your rates and how to make that fair.

Private Practice Podcasts

Getting Things Done with David Allen | PoP 376

In this podcast episode, Joe Sanok speaks with David Allen about how to get things done, clear your mind and focus better!

 

 

What is Next Level Practice? | PoP 377

In this podcast episode, Joe Sanok speaks about Next Level Practice, what it entails, how it can benefit you and what you can do today to sign up!

 

 

Lori Gottlieb is a Current NYT Bestseller of Maybe You Should Talk to Someone | PoP 378

In this podcast episode, Joe Sanok speaks with Lori Gottlieb about her current bestseller, how it all came about and what you can do if you also want to write a book.

 

Scott Reib is a Business Attorney aka How to Not Be Sued | PoP 379

In this podcast episode, Joe Sanok speaks with Scott Reib about how not to be sued, mistakes small business make and why it is in your best interest to have an attorney on your side.

Juan Santos is an Introvert and He’s Good at Marketing | PoP 380

In this podcast episode, Joe Sanok speaks with Juan Santos about being an introvert and the marketing strategies he implemented to grow his private practice.

Past Monthly Income Reports

People often ask me why I disclose all this information? To me, I am inspired when other people are open and honest. Then I can learn from how they succeed or fail. My hope is that this helps others to grow in their businesses! One way we fund this website is through affiliate links, we try to disclose this whenever possible:

This post contains affiliate links and I will be compensated if you make a purchase after clicking on my links.

2019 Private Practice Income

2018 Private Practice Income $587,618.41

2017 Private Practice Income: $456,983.53

2016 Private Practice Income: $323,047.89

2015 Total Private Practice Income $234,969.14 (working 25-30 hours per week)

2014 Total Private Practice Income $110,736.79 (working 10-15 hours per week)

2013 Annual Counseling Income: $54,513.97 (January-December 2013)

June 2019

Disclosure: many of the links below are affiliate links that will earn me a commission if you purchase through them, it’s one way that I help support the work I put into the website. Please click on them to help support Practice of the Practice.

Private Practice:  At the end of July 2019 I will be done doing counseling for a while. I sold Mental Wellness Counseling in June 2019 and I’ll be location independent. Can you believe it?! $1,600.50

Other counselors: Since I sold Mental Wellness Counseling, I only received payment for part of the month, but I sold my practice! Click the link if you want to add clinicians to your practice with my 1099 contracts: $2,405.60

Partial Payment for Purchase of the Practice: $34,645.73

Private Practice Paperwork Packet: $795.98

Consulting: (this sometimes includes building a website as part of the private practice coach session) I do private practice coaching. Usually there are three parts to private practice consulting:

  1. Evaluating KPIs of time and income
  2. Creating systems to scale the business
  3. Evaluating big ideas to generate non-time income and increase innovation, influence, and impact

$2,182.50

Podcast Sponsorship: $1,715.29

Hiring out my virtual assistant: $2,583.11

Practice of the Practice Consultants: $0 both are pregnant 🙂

Next Level Mastermind + Big Ideas Group: Aimed at people above $70k that are scaling, adding clinicians, looking to save time and increase money, and have big ideas we have just a couple spots left and it includes Slow Down School, click here to apply: $4,753

E-books these sales are down since I started giving my book away for free, click here to get Practice of the Practice: A start-up Guide to Launching a private practice for free, instead of spending $9.99:  $2.80

One Year Private Practice Plan: This is the weekly newsletter that walks people through exactly what they need to do when starting a private practice. I dropped the price from $149 annually to $17 as a one time fee $598.99

Start a Group Practice Mastermind$0 Alison was busy having a baby!

Next Level Practice: This is the premier supportive community that combines webinars, community, and practical tools to help start a practice.  $13,988.20

Blogging CourseThis is the best 12-part course on how to blog to rank higher in Google for therapists. $0

Passive Income Sources

This post contains affiliate links and I will be compensated if you make a purchase after clicking on my links.

Aweber: This is the service I use to create emails, manage lists, and create follow-up emails where they can be in order for the person. It’s super cool! $20.40

BlueHost Referrals: If you are setting up a website, this is the best hosting because of their customer service and the ability to have unlimited websites hosted! $525

VA Referrals: Alison started a company called Move Forward Virtual Assistants, they’re awesome! $0

Amazon Affiliate Referrals: If you are buying something on Amazon, it’d be great if you clicked the link. I get a small commission without you having to pay anything more: $5.33

Simplified SEOThe best support to rank higher in Google. $507.50

SwyftFile: I just started using them instead of LegalZoom, they’re cheaper and way better with customer service! $385

Grasshopper: This is the amazing virtual phone system I use, rather than an expensive land line system. I have the $12/month one and it is awesome. At least check them out and watch some videos. $600

Psychology Today: It’s a great way to build your practice. $0

Practice Solutions: The best billing company for your private practice. $732.14

Gross Total: $68,047.07

Private Practice Expenses

1099 Counselors: $1,047.50

Rent and Utilities: $2,200

Marketing FB+YouTube+Twitter: $1,525.59

Charter Internet/website: $110

MeetEdgar: $49

Grasshopper: $81

Practice of the Practice Profit Sharing: $0

Upwork: $59.93

Aweber: $149

Lyft: $0

Teachable: $39

Google Suite: $52.73

Libsyn:$35

Zoom: $69.98

Dropbox: $0

Jamendo: $59

Virtual Assistants: $3,341

Travel: $0

IT Support and Hosting: $95

Family Health Insurance: $863

QuickBooks $20

Other Consultants: $1,500

TOTAL EXPENSES: $11,296.73

Monthly Income Totals

Gross Income: $68,047.07 –  Expenses: $11,296.73 =  Total Net: +$56,777.34

REACH YOUR AMBITIOUS RESULTS

Let’s do some consulting.

CLICK HERE to discover more about my private practice consulting. 

Some of the numbers from Google Ads, Amazon, NameCheap, and my e-books will not be paid until they reach a certain amount or 60-90 days after the sale.  

 Joseph R. Sanok, MA, LLP, LPC, NCC

joe-sanok-private-practice-consultant-headshot-smaller-version

Joe Sanok is an ambitious results expert. He is a private practice business consultant and counselor that helps small businesses and counselors in private practice to increase revenue and have more fun! He helps owners with website design, vision, growth, and using their time to create income through being a private practice consultant. Joe was frustrated with his lack of business and marketing skills when he left graduate school. He loved helping people through counseling but felt that often people couldn’t find him. Over the past few years, he has grown his skills, income, and ability to lead others, while still maintaining an active private practice in Traverse City, MI. To link to Joe’s Google+ .

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