There are so many options in setting up a Massage Therapy Practice, so let’s take a look at the options you have. Pro’s and Cons of each, and what fits you best.
For simplicity’s sake, I will use $1000.00 per week as the baseline.
- At 35% you will make $350 per week, or $1400 per month
- at 50% you will make $500 per week, or $2000 per month
Many Massage Therapists start by working for commission. A 50/50 split is the ‘usual’ starting place, but there are places that pay the Therapist 35%, up to 70%. (Tips should ALWAYS go to the Therapist)!
Remember though, when starting out, this does have it’s benefits.
When looking at a commission based pay, here are some questions you should ask yourself:
- What is being provided as ‘the house take’? Are they providing you with linens, oils, creams, janitorial, and reception?
- Are the booking clients for you? How many clients are the booking for you?
- And what is the reputation of the Office?
- Are the deducting the proper income tax, or are you on contract?
PROs To Commission
- depending on what services are being provided, the hassles of running a business is decreased significantly
- this format allows you to build a clientele without the extra worry of expenses
- if you’re off sick, or on vacation, there’s no added expense
CONs to Commission
- the clinic will be taking an amount of your earnings
- you won’t, necessarily, be in control of you’re bookings
Renting A Room
For me, personally, this is my zone. It’s not for everyone though.
Rent increases, or decreases with location, reputation of clinic, and all associated costs. However, these can also increase you’re overall rate of pay as well. In Premier Locations, like the downtown core of a city, you can charge a premium rate.
When considering renting, the above questions do apply as well. The more the clinic provides you for services, the more you will pay to be there.
A pro to renting, is that you’re basically self-employed. That means that you have added tax write off’s for running a business.
Questions you should ask before agreeing to rent:
- Are the booking clients for you? Online booking, and access to your schedule? Or, do you book you’re own clients?
- Laundry facilities?
- Do you buy you’re own products to use? Can you?
- What Insurance does the office have? You will have to have some of you’re own, like liability, but does the clinic, and building management have up to date insurance as well? What is covered, what isn’t?
There are cons to renting. As with anything, if I’m off, I still have to pay my rent. For the most part that is the only real con for me. (LOL).
Please feel free to ask me any questions in the comments section.
Do you prefer commission or rent?
Have an AWESOME day