October 2013 Monthly Income Report

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private practice money

private practice money


October | What I’ve been up to and what I’ve learned

This month I broke the $40,000 mark for my part-time business! I’ve been doing a lot this month. Most of it has not been focused on my private practice. That is going well, growing, and the new clinician is really helping me see fewer new people. Although I think I may have broke a monthly record in sessions, how does that happen?

This month was a huge month around networking and getting my practice name out in the community. We were a sponsor of the Zonta Fashion Show, which raised money for cancer research. Also, I spoke about Boundaries at a Single MOMM event. I believe one of my counselors got a few referrals out of that event. Also, I got great feedback! We gave away a free copy of Mental Wellness Parenting to every participant!

Lastly, this month I’ve really tried to step up my game in the area of the podcast. In October I posted four Smidgens with Joe and three full podcasts. As a result, I had the first month of over 1,000 downloads! I think that podcasts are a great way to engage differently with the audience. I think it is more personal, because people can hear my voice.

Most exciting is…

If you haven’t noticed, look to your right on the screen. You’ll see a tab that says “Send Podcast Question.” If you click on it, you can record a question that is emailed to me in an MP3 format. I’m going to start answering your questions on the podcast, so start asking!

Past Income Reports

YTD: $44,591.23 (January-October 2013)

September 2013 Monthly Income Report total: $3,137.30

August 2013 Monthly Income Report total: $3835.74

July 2013 Monthly Income Report total: $5691.65

June 2013 Monthly Income Report total: $4,471.29

May 2013 Monthly Income Report total: $6,022.91

April 2013 Monthly Income Report total: $2,116.96

March 2013 Monthly Income Report total: $2,476.92

February 2013 Monthly Income Report total: $2,685.12

January 2013 Monthly Income Report total: $2,707.09

December 2012 Monthly Income Report total: $2,287.97

November 2012 Monthly Income Report total: $1,219.18

October 2012 Monthly Income Report total: $3,213.87

September 2012 Monthly Income Report total: $1,361.60

October 2013 Earning Report

What I’m going to be reporting and what I’m not going to be reporting

Full-time Job: Since some of you are new and some of you have been around Practice of the Practice for a while, I’m going to give a quick summary of where I make income. My full-time job is at a community college as a counselor. I love the job and it gives me great opportunities. Also, since my wife stays home with our daughter it is an income we can count on, health insurance, a pension, and a really great environment! I’m not going to disclose my full-time wages there, since it is not something that is part of my private practice.

Private Practice: I do 3-4 sessions a week in my private practice. I don’t take insurance, so it is private-pay. As a result, I don’t have many expenses in time or actual money. Included in my consulting (not my private practice money) is time I spend doing supervision for LLPCs (Limited Licensed Professional Counselors), a 100 hour requirement in Michigan.

Passive Income: The term “passive” makes it sound like I don’t have to do work. What I mean is money that I make that is not in direct exchange for my time. I will outline what these are under each item.

How I made money in October 2013

Disclosure: many of the links below are affiliate links that will earn me a commission if you purchase through them. If you do, I really appreciate it and if you have any questions about any of the products or services please contact me! Also, if you don’t have a good experience with them, I want to know that too.

Counseling, consulting, and useful products

Private Practice (24 sessions) $3,373

Other counselors: I have two counselors that work for my practice as 1099 contractors and I get a portion of what is brought in. Since my counselor who has been with me the longest now has a full-time job, his amount has gone down, while the newest counselor is still building her practice. I hope this goes up in the coming months: $424.50

Building Websites: $0

Paperwork Packet: $0

Consulting and LLPC Supervision: $615

E-books: $76.45

Practice of the Practice | A Start-up Guide to Launching a Counseling Private Practice
The Ten-minute Toddler Turnaround | Improving Sleep: Changing your toddler’s sleep health in ten-minutes.

Mental Wellness Parenting | A remarkably simple approach to making parenting easier

Paperback Copy of my book Mental Wellness Parenting: A remarkably simple approach to making parenting easier $10.48

Launch Your Practice Newsletter: This newsletter helps folks with struggling or new private practices to learn how to go from no practice to a thriving one in one year. 200% money-back guarantee! $108.94

Affiliate Marketing:

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! $65

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! $5.12

NameCheap Referrals: $4.50

Google Ads $4.00 I’m still rebuilding from my mistake in July, here’s my article about it: What I just learned…the hard way

LegalZoom: $0

October 2013 total: $4,686.99

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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. I report what has been sold in the month it was sold. Also, I do not take expenses off of this report.

headshot fromhttp://kalamazooportraits.com/

Joseph R. Sanok, MA, LLP, LPC, NCC is amazed how much fun it is to help other people in business and counseling! He helps angry kids, frustrated parents, and distant couples at his private practice in Traverse City, MI at Mental Wellness Counseling. Also, he is the author of Mental Wellness Parenting | A remarkably simple approach to making parenting easier. To link to Joe’s Google+ .


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