"People are very quick to say, 'I just want the 7 streams of income', but you have not worked out the things that need to make your first stream of income stable."
Depending on their niche, therapists can exactly generate other streams of income from digital products, coaching, or even from those that are beyond therapy. But before you go all in and start marketing for your products and services, you want to make sure that you've already thought about the stability and consistency of your first stream of income.
In this episode, we go over the list of things to consider before adding another income-generating source to your business. I also share with you some useful tips that helped me become more consistent and highly successful in my main income stream.
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Are you going for private practice as your main or second stream of income? Then text ‘ASSESSMENT’ to (310) 388-8603 to participate in a mental health assessment on your business.
You can also get daily business affirmations by texting ‘ABUNDANCE’ to (310) 388-8603
Podcast Goals:
- Assess your readiness to add another stream of income to your current business
Episode Timeline:
- Survey your audience (01:34)
- Assessing the stability and consistency in your current business (05:36)
- Pricing at your value (08:42)
- Consistent income: Systems & Marketing Success (13:16)
- Automate- Delegate- Eliminate (19:32)
- Will you have time to create a quality service or product? (22:15)
Standout Quotes:
- "You want to be clear that you're being consistent with your marketing to that stream of income. Let's just say if it's private practice: Are you consistent with who you're targeting in your audience? Are you clear with your ideal client? Because those things don't change when you add another stream of income. But what it will do— if you have unstable biz and inconsistent results in your biz— is that you may think you're winning because you get 1 or 2 clients, or you get a lot of clients and you're getting money, but then you don't have the systems to back it up." (05:56)
- "Before adding any of these streams of income that I have right now, I made the decision to slow down. Sometimes you have to slow down to speed up. And I became more consistent and successful to the optimal level in my main stream of income." (17:39)
- "Before I go all in and start marketing for these things, I wanted to make sure that I was consistent in my first, main stream of income becaus
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