The recession is here: 3 ways to protect your clinical career from an unstable economy

By Dr. Christine Manukyan, Founder and CEO of STORRIE Institute< em>.

No matter how many times we enter a recession, there will always be fear of the unknown surrounding it. However, you as a clinician need not be trapped in this turbulent economy.

Here are three ways to add income on top of your active income so you can be protected and prepared for any economic changes.

Identify an external skill you have and start charging for it.

What better time than now to enjoy a side hustle? Even if you've worked in a specific clinical area for decades, there's definitely a skill you can monetize in your spare time.

For example, if you enjoy reading and writing, become a freelance medical writer.

If you have a creative eye and love design, consider becoming a freelance graphic designer to support other medical entrepreneurs.

Your clinical experience is the asset that will establish your trust and credibility with future clients, and your external skills may be the factor that secures the deal.

Freelance networking websites like Upwork are a great place to start when finding new projects to take on. You can also use your personal network and showcase your skills to other clinicians who need your services.

Turn your passion for health and wellness into a group challenge and start charging for your knowledge.

In times of economic uncertainty, it's important for peers and colleagues to stick together. So why not take advantage of it?

For example, let's say you're passionate about boosting immunity and preparing your body for flu season. You can create a two-week challenge where you give tips and resources on how to boost your immune system. Your teachings can include immunity-boosting supplements and biology hacks that properly prepare your clients' bodies for any seasonal illnesses that come their way.

You can open this challenge up to other clinicians and your patients, and even market it to a wider audience by making it a virtual classroom.

Creating a Facebook group and email list are great ways to make your customers feel like they are continually being educated and nurtured by your teachings.

Generate additional revenue by becoming an Affiliate Marketer for the products you already use and love.

As a clinician, you have certain health and wellness products that you recommend to your patients only because they are high quality and effective. Why not take advantage of your recommendations?

You can contact the product brand and request to become an affiliate marketer for them. It's a great way to generate passive income without putting in the extra effort.

If you want to take it a step further, take your affiliate marketing to social media. Other medical brands will recognize your influence and ask you to do business with you for their affiliate products.

The bottom line is this: you don't have to let the economic downturn affect your clinical profession or income.

There are many ways to generate additional income to protect yourself from economic turbulence. Take this opportunity to get ahead of the market and establish your leadership in your industry!