Are you an Licensed Professional Counselor (LPC) in Colorado looking to make six figures in a private practice? Full-time licensed therapists at our Denver private practice can earn $100k or more working 20-30 hours per week.
Best of all, you don’t need to start a YouTube channel, MLM, passive income hustle, or life coaching online course like many articles and blog posts say you do.
At My Denver Therapy, it’s just math. Here’s a very realistic example of how this works at our practice:
- Our licensed therapists currently charge around $135 per individual session.
- If they see 25 clients per week, they’ll make roughly $2,190 weekly after overhead costs and business expenses.
- If they work 49 weeks per year, that’s about $107,000, over $50,000 more than an average licensed professional counselor salary in Colorado.
With this higher income, our therapists can invest in themselves through trainings, certifications, and even add LPC supervision to their skills to earn even more as a therapist. They also have the income to create passive income through proven methods, like investments, instead of starting from $0 or spending money to make money.
Here’s are a few tips on how to make 6 figures as an LPC in Colorado and how they apply to working here as a full-time therapist:
Grow your client base
The more clients you have, the more money you will make. At My Denver Therapy, we take care of this for you because we invested heavily in our local and national community relationships to give us more than enough requests to build your client load. Many private practices oversell their ability to get you clients, but we’ve filled the caseloads of every therapist who works for us multiple times over.
Therapists making the transition to private practice often underestimate the time and effort required to build a sustainable therapy business. It’s absolutely possible, but it oftentimes take longer than people think. It’s important to build relationships, partnerships, and invest your time into multiple channels where clients can find you. This will help you to build referrals and increase your visibility, especially if something changes, like COVID.
Specialize in something and invest in yourself
One way to increase your earning potential is to become a specialist in a certain area or to offer specialized services that are in high demand, like EMDR. This will make your skills more useful to more people who are looking for a specific type of therapy. Continuing education and professional development are essential for an LPC looking to make six figures, and it’s something that we look for in every full-time therapist we hire. Someone with a basic Master’s level education without any specialized trainings in therapy methods like IFS, DBT, and more will likely have a more difficult time with having the skills that clients are looking for. It’s important to take the time to invest in yourself, so that you stay up to date on the latest research and techniques.
Be very responsive and organized
Having a strong organizational system in place will help you to stay on top of client communication. Timely communication with potential clients is incredibly important too. When a potential client contacts you by email, phone, or text, you’re not the only therapist they’ve contacted—they’re often waiting for the person who gets back to them first. When you’ve invested so much into getting client contacts, you need to be responsive to clients so that you’re not throwing away all your money and time that you’ve spent to get that contact. Timely communication is often what separates a highly successful therapist from one making closer to the average wage for a therapist in Colorado.
Use technology to improve efficiency
Embracing technology that people want to use can help you to increase your productivity, reach more clients, and have fewer no-shows. From scheduling to client communication, there are a number of platforms available to help you streamline your practice. They can simplify billing and help remind clients of appointments, paperwork, and improve your retention rates.
Be great at what you do and care about your clients
It’s important to make sure to let people know about the services you offer, but it’s most important to care about your clients and they work you’re doing with them. Investing in marketing materials such as a website, business cards, and brochures can take you so far, but it’s critical for you to be an exceptional therapist to be successful in a private practice. The therapeutic relationship you build with your clients is as important as anything to your professional and financial success as a therapist.
By taking the right steps, it is possible to reach your goal of making six figures as an LPC so that you can achieve your financial goals.
If you’re a motivated therapist in Denver who wants to work full-time and has specialized trainings, we’re currently hiring full-time therapists in Denver and Lone Tree.
