A Counselors Journey To Private Practice
Discover the essential keys for achieving growth, mastering marketing strategies, and thriving in a successful counseling private practice through our podcast.
A must-listen for mental health private practitioners, this show, hosted by counselor and business owner Dr. Juan Santos, brings you in-depth interviews with successful counselors.
Dr. Santos shares his personal insights, providing valuable advice on the nuances of growing and marketing a counseling private practice.
🌟 Why Tune In?
Each podcast episode provides actionable strategies designed to empower you in building and scaling your private counseling practice. From practical tips to real-world success stories, our podcast is your go-to resource for achieving success in private practice.
🚀 What to Expect:
- Inspiring Interviews: Gain valuable insights from successful counselors who have created a thriving private practice.
- Personal Perspectives: Dr. Juan Santos shares his own experiences and expertise, offering a unique blend of professional advice and personal anecdotes.
- Actionable Strategies: Every episode provides tangible, implementable strategies that you can immediately apply to enhance your counseling business.
🌐 Subscribe Now and Transform Your Counseling Practice!
Subscribe now on your preferred podcast platform and gain access to the tools, insights, and strategies that will propel your counseling business to new heights. Tune in to "A Counselors Journey To Private Practice"
A Counselors Journey To Private Practice
Setting Fees and Rates In A Counseling Private Practice | Episode 18
Welcome to A Counselors Journey To Private Practice. I'm your host, Juan.
In this episode, we cover Setting Fees and Rates In Counseling Private Practice. Here are 6 key take-aways:
1. Focus on your market. Take time to search online and do a careful study of your market. This process is referred to as, Market Research. The goal is to identify what fees and rates are around your area.
2. Have a long term plan. Focus on what your fees are today and what they will be 5 years from now. This is the process that helps clinicians in private practice build success one step at a time.
3. Know your numbers. In your private practice, you should have a spreadsheet that goes over money coming and out. Identify what your rate should be based on (a) expenses (b) savings (c) other associated fees.
4. Reflection. Answers to key questions allow the private practice to become a successful private practice.
- How many clients do you need in your private practice for you to reach your level of success?
- What is the average income in your area? Or the area that your practice is located?
- What type of lifestyle do you desire to create from your private practice?
5. Caping your session rate. This will take place. At some point, you will go from an $ 100.00-hour session to $300.00. At some number, you'll notice that you can't keep going up.
At this point, you can continue to play with your fees by adding additional services. An example can include, adding a group to your practice. Your session fee can cap at $300.00 per hour. While your group includes 10 clients each at $50.00. This will come to $500.00 per hour.
6. Raising fees. Consider the variables: education, additional training, and continuing years of experience. Each of the variables focuses on reasons why you can increase your fees. The rate of increase should be in increments. Even a small $10.00 increase can go along way. Consider if you worked with 40 clients per month at $100.00 per hour compared to $110.00 per hour. The increase in fee would lead to an additional $400.00 per month or $4800.00.
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