My July income was rather similar to my June 2019 income, with a gross of $9,672. All of income is pretty much coming outside of medicine. It’s all location-independent income.
I list my income every month and discuss all of the sources of income. In this post I want to talk about some income projections as well. Writing about it is the easiest way for me to organize my thoughts.
1. Healthcare Consulting – $3,000
I had 2 more interviews for potential healthcare consulting work in July; lost both because of my medical license stuff. I’ve decided to be very open about it. In the past I waited until I was asked about it. Now, I lead with it. I think this is the right way moving forward.
My other 2 clients are still going strong. However, I will be changing my contract with one client, from the monthly retainer of $3,000 to a set hourly rate.
Without a retainer, I have more free time to find new clients and work on my own time. Its downside is that it requires me to be on call for my client 24/7.
The downside for the client is that I’ll work on their project whenever I have free time. And if I have a more lucrative income sources, I’ll choose that over their work.
2. Just Answer Work – $4,810
Another great income source. I’ve written a ton about Just Answer. I asked the category moderator to also add me to the auto mechanic section since I have a lot of experience there.
I know of other websites like this, but I like how JA keeps things anonymous and professional. It’s the right platform for me, for now.
3. Video Review – $822
One of the readers of this website suggested a gig to me which involves reviewing clinical videos online and filling out a questionnaire about them. It’s not really healthcare consulting – it’s alternative medical work…?
The client pays a little under $10 per video I review and it takes on average 5 minutes per. What I like about this is that I get to review content that’s actually interesting and I get to put one more thing on my resume.
There are a ton of videos to review and if I had the time I’d do more. But for now I do just enough to stay competitive.
4. Website Products – $880
The $880 includes selling 6 of my video products and doing a 30 minute consulting session. I lose about 30% on the sale of each video from transaction fees.
The International Telemedicine Course is the most popular, followed by the Healthcare Consulting Course. I am not selling much of the Improved Telemedicine Course – not sure why.
5. Telemedicine – $160
Good month for telemedicine! I got a few clients on my own telemedicine platform – only $30 came from DialCare. $160 ain’t much, but that’s how all good things start – slow.
Future Income Sources
Per Diem Work
I reached out to my old friend Tracy Zweig who owns a successful staffing company. I used her from 2007-2009 for moonlighting in residency and she is absolutely an amazing human being to deal with.
I told her exactly what’s going on with my medical license and she’s going to see what kind of work she can find for me. I gotta be honest, I’m jonesing to get back into an Urgent Care and move some meat. I miss it.
I figure I can dedicate 3 months to doing some per diem work every year. If I enjoy it, I can do it for longer. In the meantime I can work on getting my medical license elsewhere.
I like the telemedicine work I do. Along with my Medical Health Coaching work, it might turn out to be an interesting project. I figure I still have a lot to learn about functional medicine and integrative medicine. But with that knowledge I should be able to attract the kind of patients I enjoy.
I don’t need much income, $1,000/month would be more than adequate. I can do some pro bono work and see the kind of patients I enjoy. It’s a good balance.