While filming Raise Your Rate Bootcamp someone asked me what my philosophy on rates was in regards to new therapists being able to charge higher rates while “expert level” therapists with 20 plus years of experience were still charging $90.
I would like to share my response here because likely this MFR therapist isn’t the only one with this question or the only one out there feeling really uncomfortable with “new” therapists making more money than them.
So let’s start with my philosophy on rates in general.
First, I believe that any service based provider should set their rates based not only on facts and data but also on what they want to be making. This involves gathering all of your bills and looking at your checking accounts to see what you spend each month both on a business level and a personal level. Know your facts and your data so you have the math problem to solve.
Then also understand exactly what your goals are for revenue and income. How much money do you want to be making? This goes for any provider, new, old, no experience, lots of experience, just learned how to do MFR, or have been doing MFR forever.
Good business decisions are separate from how good your skill level is. You can be really seasoned and make terrible business decisions and the same is true for newbies.
You do not have to wait to be anointed by someone to tell you that you can make money.
Listen in to hear my entire take on this question.
And If you are a John Barnes trained MFR therapist who wants to feel better in your practice, group coaching can help you regardless of the current stage of your journey. From setting up the basic foundations and earning your first dollars, serving your first clients to scaling your business and creating multiple five-figure months, The MFR Coaches Group Coaching Program is here to serve you. Join the waiting list now at https://themfrcoach.com/waitlist!
Purchase my brand new Raise Your Rate Bootcamp Course and get instant access to 7 hours of instruction and a 50 page workbook to help you raise your rate with less drama! https://themfrcoach.com/raise-your-rate-bootcamp
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EP. 150 Stop Giving Your Clients Options
EP. 149 Other Therapists Are Not Your Competition with Rob Crampton, Leslie Mueller, and Patti Calkins
EP. 148 How To Identify As An MFR Therapist
EP. 147 Are You Coasting In Your MFR Business?
EP. 146 The Journey of MFR Business Ownership with Guest Hosts Donna, Leslie, and Sara | Part 2
EP. 145 The Journey of MFR Business Ownership with Guest Hosts Donna, Leslie, and Sara | Part 1
EP. 144 {Webinar Replay} How To Sell MFR To Anyone In Any Situation
EP. 143 10K Months After Raising Her Rate With MFR Therapist Barb Long
EP. 142 Pay Attention To Your Story with John Wise
EP. 141 How To Double Your Salary With Kristin Ponzi
EP. 140 How To Create Ideal Clients With Kristin Kunzelman
EP. 139 Selling Conversation Vs. Therapy Conversation And How To Tell The Difference
EP. 138 How Replacement Tires And Selling MFR Go Together
EP. 137 Megan Left Her Hospital Job And Created $86,000 In 6 Months In Her Brand New MFR-Only Business
EP. 136 How To Sell MFR To Anyone In Any Situation
EP. 135 Thriving After Cancer and Advocating For The Best Care With MFR Therapist Joan Miller
EP. 134 Trading Between Therapists: How To Avoid Drama And Resentment
EP. 133 No Single Client Will Break Your MFR Business
EP. 132 Having A Managed Mind Is Worth Every Penny In Your MFR Business
EP. 131 How To Tell The Difference Between Your On Purpose MFR Business and a Jobbie
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