As an Acupuncturist, you are considered to have a “Professional Degree“, i.e. you are in a profession like chiropractors, nurses, physical therapists and architects which requires licensing to practice a specific profession requiring analysis. This category does NOT require that you have your Doctorate.
PROFESSIONAL DEGREE MEDIAN ANNUAL INCOME
You may find it interesting that the median (by the way, “median” is a better number to look at since “average” includes those with UBER high incomes as well as uber low. “Median” is the number you get when you remove the uber high and low and then take an average of everyone left in the middle.) annual income for others with a professional degree is $88,530!
Additionally, remember that this figure reflects those receiving a “salary”, meaning that there is almost always a benefits package equal to about 30% of the salary which provides for paid vacation, paid holidays, health insurance and retirement. So, $88,530 with a 30% addition to give you the same overall salary package as others with your skill set is $115,089.
Since most businesses have 50% of their revenue that has to go to overhead, rent, electricity, office supplies, etc…
Your practice should gross $230,178!
That’s the amount of total revenue your practice should gross to give you the median, i.e. just the middle-of-the-road income as your fellow Professionally degreed colleagues. It’s now the low end, but it’s certainly not the high end. This is what you should expect.
You and I know it’s not about the money. We love to help. There’s nothing better in the world than helping people. The look of relief on their face when you’ve taken away the pain. The family and friends that tell you they can’t believe the difference in the loved one you treated. The woman whose husband came into our practice after our treatments for a month that said, “Thank You. I didn’t believe in this and thought she was just wasting our money, but I don’t even know when she has her menstrual cycle now, because she’s always happy and it was tearing our marriage apart before.” Those moments are precious and they’re really all the payment we need. We’d do this for free.
Unfortunately, most of us almost do.
But our rent isn’t free and our education wasn’t free. We have to eat and have a place to sleep like everyone else. Why shouldn’t we be able to afford a home and save for retirement like everyone else? Don’t you deserve it? Haven’t you worked hard to earn it? And, what about the value of your services? Aren’t they worth it? What would you pay or pay for your husband or child to relieve their suffering? What have you had to pay?
Money simply says, “I value this” and to what degree. You don’t have to make the most, but why should you make the least?
To Your SUCCESS!
Caroline & Bryan
P.S. Please leave a comment below and let me know what you think!