Passive Income Sources for Art Therapists & Therapists
Passive Income Sources for (Art) Therapists
In this post, I'll be sharing passive income sources you can have as a therapist, art therapist, facilitator, coach, or a healer. In this day and age, it is not uncommon to have several income sources. And therapists, art therapists, and other healers are also evolving with time in terms of making a living.
It can be advantageous and smart to diversify your income sources too. If you’re relying on just one source of income, when that income source dries up, what do you do? You might be left unprepared or be in an unstable situation for a while.
That’s why many people these days (including therapists) are diversifying their income sources - i.e., having several sources of income, including passive income. When one source of income stops, you still have other ones to rely on. Thus, it can feel more stable, not to mention more possibilities to earn more (!) when you have several sources paying you each month.
There can be two different sources of income for therapists. One is what I like to call “active income.” The other is passive income.
Active income is when you are paid for showing up (what you are paid is directly proportional to how much time you spend working). I like to also call it the time-based income. It requires you to be present. I.e., you are paid by the hour.
And within active income there are two types: clinical vs. non-clinical.
So in terms of active income, there is:
Clinical, Active Income
If you’re an (art) therapist, then you probably do clinical work. Clinical work is when you’re treating a client. This is one of the most common income sources for many therapist.
The two main income sources under this category are:
Doing 1:1 sessions
Doing group sessions
Non-Clinical, Active Income
Outside of the clinical realm, you can also have several, active income sources as well.
Remember, these are non-clinical work in nature.
These sources of income include:
Live workshops
Teaching & speaking (at conferences, events, classes, etc).
Supervision
Consultation
For some people, one of the downsides of time-based/active income is that it requires you to be present and you are paid by the hour. Which means, it takes up your time - and you only have so many hours a day to work (= income ceiling).
When you want to scale your income (and your work), time-based work has a limit. If so, you would want to look into “passive” income.
Now, you’re here to learn about the passive income sources. So let’s dive into that.
(Non-Clinical) Passive Income
Passive, non-time based income is when you earn without you present. I.e., you earn while you sleep. Also, it is inherently non-clinical, of course.
This type of income source still requires you to work. However, it does give you more freedom and flexibility (and additional security of having several sources of income, not just relying on one).
Here are some sources of income that can be passive:
Online courses
Publishing books
Ebooks
Online recorded workshops / webinars
Memberships
Running a group private practice
Affiliate sales
YouTube (or other ad-paid content creation)
Blogging
Printables
Artworks
Products (hand-made or drop-ship)
My Experience Earning Passive Income
I whole-heartedly recommend and believe in creating passive income for yourself as an art therapist/therapist.
When I have passive income, I can do more in life.
I can travel, meet people, do things I want, and adjust to my own living style.
As someone who has a chronic health condition and a fluctuating energy level depending on the day/week, I basically had to choose earning passive income, over solely relying on time-based income.
I bet some therapists/art therapists are also in a similar situation. You might have a young child at home who has their own schedule and you must adjust to that. You might have someone else to take care of. You might have a physical need like me.
Or, you just love the idea of having more income (which is great too!).
It’s time that therapists and art therapists starting earning more, have more freedom and flexibility, while doing the important work we do - i.e., bring our gifts to the world.
The more that you can own your own life and be the best, the more that you can be a model for clients and encourage them to live the best as well.
Let me know, have you thought of earning passive income? What kind of passive income sources would you like to have? Share in the comments below!
And if you want support in creating your own passive income as a therapist/art therapist, I can help you through my Visionary Art Therapists Business course here.
With that said, I really hope that this was helpful for you to learn. Thanks and see you next time!
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