Best Side Hustles for Psychologists: How to Make Extra Money?

best side hustles for psychologist

While psychologists may be in high demand, they are not always paid as much as they should be. 

If you are a psychologist and looking to make some extra money, there are a few side hustles you can do to supplement your income.

In this blog post, you’ll know the 10 best side hustles for licensed psychologists. From online counseling to public speaking, there are a number of ways you can make extra money without sacrificing your primary job.

After reading and implementing the ideas listed in this article you can get overside jobs that therapists can do to boost their income and provide more comfort for themselves and their families.

Let’s get started! 

10 Best Side Hustles For Psychologists To Make Extra Money

Here are the ten tried and tested side hustles for psychologists to make money. 

1. Become a Consultant 

If you want to make money quickly and easily, becoming a consultant could be the ideal side hustle for a therapist.

It’s not easy being a consultant, but if you do it properly, it can provide you with a steady income and free branding.

For example, if you have extensive experience with post-CVA gait training, you might be able to consult with a rehab tech company and start your classes. 

Several different areas could generate extra income for you:

  • Career counseling
  • Prospective college or graduate students can benefit from consultation.
  • Coaching for Life
  • Group therapy for substance abuse
  • Coaching for fitness or health

Pros: 

Consultants typically earn a high hourly rate due to their highly specialized skills and experience. 

Their roles are frequently a refreshing break from the churn-and-burn nature of health centers. And, with the gig economy in full flow, an increasing number of businesses are hiring consultants rather than benefited employees.

They are frequently hired by companies to become full-time employees ( as they are performing well as consultants).

Cons: 

Unless you have an established client base, finding your first clients can be challenging.

Every country has peculiar rules regarding working as a 1099 employee, so be sure to research your own state’s regulations on consulting and contracting before making any major decisions.

Things to Consider

  • You can sign a contract with clients that specifies the service you will provide as well as your hourly rate.
  • Request testimonials or reviews from satisfied clients to help you build your portfolio and land more clients.

2. Create an Online Course

You can also teach an online class from the convenience of your own home. One advantage of teaching a class online is that you do not have to be present; sessions can be recorded and distributed online.

When looking for a way to supplement your income, online teaching is without a doubt a feasible way.

Your head might spin if you’re trying to think of a topic for an online course. “Anxiety is extremely prevalent among young adults” so, anxiety is unquestionably a topic for which you should consider developing an online course.

Have a look at this video. It will teach you how much you need to charge for your online courses.

Pros:

  • Can assist people you would not normally meet
  • It enables you to earn a passive income.
  • Teaching with e-learning resources allows one to update. 

Cons:

  • It will take a long time to develop the course at first.
  • Extensive marketing may be required

Things to Consider

  • Find out if your chosen topic is demanding before you decide to teach it online. 
  • Ensure that each course has learning objectives. As a result, your students will know exactly what they will learn and accomplish. 

3. Think about Public Speaking

Do you feel easy speaking in front of an audience? 

Speaking at conferences, events, and workshops can earn you money, among other things. If you are able to solve a problem, there will be listeners waiting to hear you. 

You don’t even have to provide the solution in your speech. But you can start a dialogue, ask the right questions, and inspire. 

If you have zero experience with public speaking but are interested in it, look for places where you can practice for free. You could visit local schools, colleges, or communities to share knowledge acquired from your career.

Pros:

  • Possibility of earning a good living
  • Travel possibilities
  • Allows you to enhance your skills.

Cons

  • Sometimes it can be frightening.
  • Preparation can take a long time.
  • Presenting new ideas on the same repetitive topic can be challenging.

Things to Consider

  • Speak only about topics you are knowledgeable about. Your client expects and pays for quality presentations based on your knowledge.
  • Make certain that your presentation contains up-to-date information. 
  • Remember that providing high-quality content and delivery will increase your chances of getting more speaking engagements.

4. Write a Blog

By writing articles and blogs on psychology-related topics, you can earn a good living from your knowledge and experience as a psychologist.

You should have excellent English grammar and writing skills, as well as you should have strong research and communication skills, which are important for blogging and writing. 

For example, As a psychologist, you could write blog posts about anxiety.

The anxiety epidemic appears to be here to stay. As a result, the number of blogs indicating this issue will increase rapidly. As a result, more guest bloggers will be needed to assist anxiety sufferers.

Pros: 

  • Low initial investment
  • Flexibility
  • Possibility of making a lot of money

Cons: 

  • Time-consuming
  • Time is required for research.

Things to Consider

  • When applying for jobs, prepare some samples of your writing in advance. In order to assess your writing abilities, potential employers will want to see examples of your work.
  • You should consider using different platforms to seek writing works, such as Upwork and LinkedIn.

5. Become a Tutor

If you still prefer face-to-face guidance, tutoring may be a good fit for you.

If you just graduated and are still remembering your coursework, this is a good option. Because you just finished taking the same courses from the same instructors, current students in your program can especially benefit from your knowledge.

This allows you to teach whatever course load works best for your schedule, without the rigid expectations that are often placed on tenured faculty members.

Pros:

  • Provides an extra, unique, and personalized learning experience.
  • There are no startup costs.

Cons:

  • To be successful, you must have patience and perseverance.
  • The tutor may or may not be a certified teacher.

Things to Consider

  • Patience, or the ability to stay calm and respectful, is a necessary skill.
  • ought to have excellent verbal communication skills in order to assist their students in comprehending complex ideas

6. Start a Small Business

Again, this is a broad category because the types of small businesses are almost limitless. You can start any type of business you want with a small initial investment.

Your small business does not have to be related to your studies. You could consider starting any number of businesses on your own at any level.

For example in the case, if you enjoy gardening, you could start a gardening business. It will take time to grow at first, but if you are dedicated, it will eventually help you earn extra income and run your business successfully.

You can also share information about your small business on various social media platforms such as Instagram, Facebook, and others.

Pros 

  • Your success depends on your ability to make all critical decisions for yourself.
  • Hire others to assist you and contribute to the local economy.

Cons 

  • lack of direction.
  • When your organization is new, it can be difficult to know what steps to take.
  • Sometimes more working hours are required.

Things To Consider 

  • The three most important components to consider when starting a small business are adaptability, persistence, and work ethic.

7. Provide Group Therapy Session

Do you only provide one-on-one counseling? It would be a good idea to offer group therapy sessions. You’ll be able to serve multiple clients at once while also increasing your hourly rate. It will help you to make more money. 

In a group session, you might earn less, but you’ll earn more in a short period of time. You can host a monthly workshop, similar to group therapy sessions, where you share actionable strategies which will be also beneficial for you as well. 

Pros 

  • Flexibility
  • Good wage
  • Helping others provides job satisfaction.

Cons

  • It may take some time.
  • Traveling to various locations may be required.

Things to Consider

  • Consider advertising yourself on social media sites like Facebook, and LinkedIn to find companies that require your services.
  • Talk with different high schools in your area. 

8. Write and Sell an E-Book

Therapists can also earn money by writing e-books on a variety of topics!

There are numerous applications for this type of publication, but one common application is for therapists who want to help people with a specific issue.

For example, if you know that there is not much information available about anxiety disorder, you can write an e-book to help others.

Pros 

  • Control over the marketing process and price setting
  • Can be published both digitally and in print
  • An excellent way to test the market

Cons 

  • It takes time to increase sales.
  • There’s a lot of competition in the online market.  

Things to Consider

  • Make sure you carefully consider the title and subtitle of your book. An appealing title is essential while writing a book. The subtitle should be a little bit different and also appealing in that it should clearly underscore how the book will benefit your readers.
  • Never underrate the significance of the book’s cover. In spite of the fact that you may have an excellent book, no one will read it if the cover does not grab their attention.
  • The hiring of a graphic designer also has the potential to help you sell your book, so hire a graphic designer and create something unique, and eye-catching for your book.

9. Begin a Mental Health Podcast

Another way to make money is to start a podcast, but this takes more time and effort than some of the other side hustles.

Therapists can use this to discuss topics in mental health that they want people to be aware of or find useful. It is a great way to learn new things and connect with others.

This is an excellent side hustle for psychologists because it requires no new skills. You simply use your existing skill, but on your own time and at your own price.

It’s great because podcasts are distributed digitally, so no special equipment is required, unlike in-person therapy sessions. 

Therapists can also earn money from podcast advertisements or by charging listeners a monthly fee to join their membership group!

Pros 

  • Easy to connect with various people. 
  • Doesn’t need extra start-up costs

Cons 

  • Problems with accessibility
  • Time Consuming 
  • A comparatively limited audience

Things to Consider

  • Helps to maintain work-life balance
  • Set personal goals
  • It also helps to Reduce Stress

10. Upload Physical Therapy Videos

As a Psychologist, you have a valuable skill that can help individuals. Many people are suffering, especially after covid, because they are depressed, lonely, or simply do not feel well mentally.

YouTube can be a fantastic side hustle to share with the rest of the world. All you need is a basic camera or your smartphone. 

It will take time to gain subscribers at first, but as you share information that people require, you will gain more subscribers. When creating YouTube videos, make sure they are longer than 8 minutes so that you can monetize them.

Pros

  • You can express yourself.
  • The options for YouTube channels are limitless.
  • It is free to create a YouTube channel.

Cons 

  • You’ll need a lot of patience.
  • Your video will always be available on YouTube.

Things to Consider 

  • Understand the purpose of your channel. The first step in creating a YouTube channel is to understand its purpose.
  • Ignore all of the negative feedback.
  • Have some patience.

Conclusion

For psychologists, the possibilities for a side hustle are limitless. When choosing a side hustle, consider what you want to pursue and how much time and effort you can devote to it without adversely affecting your current job!

With so many side jobs available, you’ll be able to find one that meets your needs, whether it’s extra money or a good outlet.

That’s all there is to it! Some excellent suggestions for side hustles for psychologists. So, don’t delay, start today and you can add some extra streams of income.

Please let us know in the comments section if you know of any other Side Hustle for a Therapist to Make Money.

FAQ

How to make money as a psychologist?

Earning money as a psychologist is easy and one can make money quickly. Here are a few ways you can make money as a psychologist – listed below: 

– Become a consultant. 
– Provide group therapy. 
– Create an online course. 
– Public speaking. 
– Sell an E-book
– Upload videos
– Write a blogs

How to make money online as a therapist?

You can make online money as a therapist by: 

– Publish E-books 
– Create workshops 
– Start a Podcast 
– Blogging
– Start online courses

0 Shares:
You May Also Like