Passive Income For Therapists, Coaches, And Healers
Top tips towards passive income for therapists who need an extra source of income in their business. Multiple passive income stream ideas for the holistic business and spiritual business. How to earn an extra source of income during slow periods or during unexpected business challenges.
So What Is Passive Income?
Passive income is used to describe income streams that require minimum effort or where you continue to get income even after the initial setup or work is done.
Why Should Therapists Have Multiple Passive Income Streams?
One of the biggest problems in the therapy industry is that the therapy business model and coaching model rely on the therapist or coach to do the work. For so many reasons this is not a good business model, as it means that if you have to take time out for family or health reasons, your sources of income can seriously dry up. That is why every coach and therapist should have a side hustle. The right type of products can create more flexibility and passive income in your business all year round, to help you get through those slow periods.
Set-Up Costs For Passive Income
Most passive income streams involve an initial investment of time and money. But some are actually free or very low cost. It all depends on what type of income source you decide on. Before considering what passive income streams to choose from, consider your present skills, expertise, contacts, and audience you already have. Then choose income streams that are more aligned with you and your business’s brand and needs.
Online Passive Income for Therapists, Coaches
How to make money online as a therapist. The most common source of passive income sources today is selling digital products such as ebooks, pdfs, self-study courses, and membership subscriptions. Selling digital products is one of the side hustles for mental health therapists, life coaches, and healers.
Many well-being coaches and life coaches sell online workbooks, templates, and ebooks which are not only great at boosting their income but are also great lead magnets. Many meditation teachers sell meditations.
But there is also a variety of ways you can earn extra income through affiliate income opportunities such as being an ambassador for Unifyd.TV or an affiliate for companies you love. I offer my customers the opportunity to earn affiliate income for promoting some of my digital products, those they have purchased and love.
Sell an ebook
Focus on your greatest area of expertise and knowledge and write an ebook. If you create a highly informative book you can sell it for years
Create and sell guided meditations
Hypnotherapists, spiritual teachers, and therapists who are qualified and trained in guided meditation. You can create guided meditations on your laptop or iPad if you have a decent device. If you have an Apple computer, even better, GarageBand makes making meditations not only easy but almost studio quality.
Sell an online course
It has never been easier to start creating self-study online courses. Think about the skills other people would love to learn during the covid 19 situation people are unable to do so many things. Think about what your clients may be missing right now and any solutions or DIY tips you could be providing. I sell my online courses and membership in New Zenler.
Sell an online membership
Again like above, it has never been again easier to create an online membership. This once created could be bringing you lots of passive income for a long time to come.
Write fantastic blogs, and include links to different affiliate income streams. Or to your different ebooks, books, online courses, membership, or products like those discussed below. On some of my sites, I have written blogs that include links to some of the top products that I use and recommend to my clients and students. I also regularly get offered payment for sponsored posts, and although this is something I rarely agree to it can be a great source of extra income. I teach more about this in my blogging course for holistic and spiritual entrepreneurs.
Physical Passive Income For Therapists, Coaches, Healers
The most common income streams for therapists and holistic businesses such as holistic therapists in holistic clinics or spas, yoga teachers, nutritionists, and healers include physical products like
Aromatherapy Products And Essential oils,
Vitamins and Supplements
Candles and Crystals
EMF Protection Products
Passive Income For Therapists Who Have An Audience Or Email List
Become a consultant or distributor for a company that offers products aligned with your business. Common passive income for I am presently both an online Neals Yard Remedies Consultant and just recently became a Tropic Skincare Ambassador. As a qualified holistic therapist and aromatherapist who has used a wide range of holistic remedies, naturopathy, and essential oils for about 28 years.
Neals Yard Organics was the perfect fit for not just my values and ethics but it provides products that many of my clients could benefit from for many years. I recently joined Tropic as an independent ambassador, firstly because I buy only natural skincare products and cosmetics. Neals Yard Remedies stopped selling makeup a while ago so I was looking for another ethical source of toxic-free makeup.
Both companies provide a range of products that can be a great source of income for the holistic therapist, beautician, healer, coach, or yoga teacher. Who has an audience or email list that is interested in natural skincare?
While Tropica Skincare provides a wide range of gorgeous spa, body, and skincare products, alongside their fantastic natural makeup palettes, lipsticks, and lip glosses.
Now both Neals Yard Remedies and Tropic Skincare require a certain amount of work to set up and introduce to your present clients or audiences. But when you start introducing clients who will LOVE these products you can have long-term and life-long clients who will continually buy from you.