Hi Star and welcome to HP.
As well as being a hypnotherapist, I also teach hypnotherapy and know how most of my previous students are getting along, as well as knowing several other hypnotherapists.
I hit the ground running, as have some of the hypnotherapists I've trained but I've come across many others who haven't done so well and either only work part-time or never go into practice.
I do find that the level of market saturation varies from area to area (I have three clinics in different areas), as does the level of marketing expertise from hypnotherapist to hypnotherapist. London is saturated with hypnotherapists but also has a lot of successful therapists and a dense population. It would be interesting to see figures on the number of hypnotherapists to head of population in a given area, but I would guess that Manchester, where my main clinic is, has a ratio not that far off London's.
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I know much would depend on my own abilities, marketing skills etc
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You've hit the nail on the head here. I personally believe that no matter the saturation of hypnotherapy clinics to population, there is a viable income to be made for anyone who is trained properly, continues to develop their skills, and who has strong marketing skills. In my old career, the company I worked for had a project from Coca-Cola which was very interesting, in partilcular the mentality of Coca-Cola. They had just been investigated by the Monopolies and Mergers Commission and had been told they couldn't increase their share of the UK soft drinks market any further (67% at the time). So, we were given the task of increasing the soft drinks market in the UK while maintaining CCSB's 67% market share. Taking this on board, I divide my marketing activity between making sure that people who are looking for a hypnotherapist find me, and increasing the awareness of hypnotherapy and it's benefits. I've given talks/demonstrations a long way out of my areas but as far as I'm concerned, each time I've done this (for little more than expenses), I am potentially increasing the hypnotherapy market in general. Although these events might only have 50 people attending, if they each tell just two other people about it then that's 150, and if some of those have treatments then the multiplying continues.
The only difficulty I've found with hypnotherapy is that as it is a brief and strategic therapy that seeks to solve the persons problem, rather than alleviate it, there is little repeat business compared to "pamper" type therapies.
One of the biggest mistakes I've seen in other hypnotherapist's marketing is the way so many make a big deal of who they trained in hypnotherapy or NLP with. I constantly see websites that say "trained by **enter famous hypnotherapist name here**", or "I use **enter famous hypnotherapist/NLP practitioner name here**'s techniques". In other words, they are trying to be a clone of another therapist instead of making their own reputation in the field of hypnotherapy and/or NLP.
As well as spending a phenomenal amount of time (and in the past, money), on marketing/advertising, I also spend a ridiculous amount of time in honing my own techniques, as well as researching what other information is out there and what everyone else is doing. In fact, one of the treatments I'm most known for (and which makes up about 60% of my income), I'm about to book a CPD day with someone 120 miles away for. As far as I'm concerned, it's worth a day of my time if I come back with just one thing I hadn't thought of before that might increase my success rates even further. As with most other therapies, it's a case of constantly developing yourself but also to work on your own techniques and learning from experience, not just attending other hypnotherapist's CPD seminars.
I know I've waffled on a bit but the short version of my answer is that yes, there is a viable market out there. Aside from the financials, it's also a deeply rewarding vocation. Even the treatments that might seem small or purely cosmetic to some people, are life changing to others.
If you're not sure then look at it this way....... as a hypnotherapist, you will be changing people's lives for the better every day, at the same time as being paid anything from £40 to £250 per hour for doing so (forget the £40 bracket in London, I doubt there are any left that are under £60), less your overheads of course. To people looking from the outside in, the rates often look high BUT..... what price do you put on changing something someone may have spent 20 years suffering with? How rewarding does that feel, both for you and them, when those changes are made?
I left a successful career to work as a hypnotherapist and have never looked back. If you should choose to go ahead and train as a hypnotherapist then I wish you the best, I doubt that many people ever regret it as you will have skills that work as a full time occupation, or a well paid part-time one, or as skills to change your own life and those of your friends and family.
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