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Why Doctors Earn More Than You And How You Can Catch Up In One Year

2007-11-28 01.19.24

Why do doctors earn so much more than most other workers? The median income for  physicians is $293,500 per year while the income for a salesperson is just $41,198.

Every salesperson I know works at least as hard as the doctors I know.

Granted, salespeople aren’t typically saving lives but, then again, most doctors aren’t either. Both occupations are primarily focused on making their clients’ lives better.

So why do salespeople bring home just 14% of what doctors earn?

The difference is investment in education and specialization.

Every physician made a conscious decision to invest in learning specialized knowledge early in his career. Rather than get a bachelors degree and head off into the workforce with the same basic skills as millions of other workers, every doctor chose to stay in school for an additional 7-10 years.

That extra investment in learning something very few other people know pays off in a lifetime of higher earning.

Because so few people are willing to invest to be the best, doctors represent only 0.2% of the population.

By contrast, salespeople make up 5% of the US population, meaning there are 25 times more salespeople than doctors.

Coincidence? Nope.

Now, you might be saying, but some salespeople earn as much as some doctors and that is true. But the only ones who do are those who have invested in being the very best in their profession. That is, they can sell in ways that others haven’t learned to.

My question for you this week is: what are you willing to invest to be better than the other salespeople out there?

How much time will you spend this year becoming better at your craft? How much money will you invest to learn something no other salesperson does?

My challenge to you is to commit at least one hour every single week to creating better selling habits and deeper selling knowledge.

By doing so, you can increase your income by 3 to 5x what you’re earning now.

Isn’t that worth a little time and money?

If you’re looking for a good place to start, write a one-page Simple Strategic Plan for growing your business or career to its highest level.

Once you purchase The Simple Strategic Plan, you can get access to the entire Simple Plan Library (over 120 videos, templates, workbooks and checklists) for just $1.

Laura Posey

Laura Posey is Chief Instigator at Simple Success Plans. Her driving mission is to show entrepreneurs how to double their business while taking more time out of the company to make a difference in the world. She is an avid traveler and is always looking to connect with readers around the world.

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