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5 Simple Ways To Turn Your Hobby Into Income

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One of the good things about having hobbies is that you are rarely bored. Engaging in hobbies also relieves stress, and can be used as a replacement for negative habits. Unfortunately, hobbies can also be time consuming and costly.

In order to counteract this, some people find ways to turn hobbies into money-making enterprises. However, doing this is not simple. It requires research, a commitment of time, and the willingness to do what it takes to develop the skills one needs to go from hobbyist to entrepreneur. If you are looking for a new hobby that will also bring in some money, or looking to monetize a current hobby, follow these 6 steps below.

Here are 5 ways to monetize your hobby:

1. Determine what your interests and talents are

While enjoyment is important, in order for you to earn money from a habit, it must be something for which you have a natural talent. If you have a current hobby, you must ask yourself honestly if you have talent or if it is simply something you love to do.

If you are looking for a hobby, make a list of your talents and skills along with your interests and see where these things intersect. This may be where your profitable hobby lies.

“There is no such thing as a great talent without great will power.” – Honore de Balzac

2. Do some research to determine what others have done to make money

Once you have identified a hobby or two that are candidates for making money, do a bit of research. You want to know if other people have successfully made money doing this, and what they have done to make it happen. If they have made mistakes, you can also learn from those mistakes rather than making them yourself.

There is no rule that says you must follow the path of others exactly, but doing this research will certainly help you to create a roadmap that will help you to get started. As you research, you may want to determine whether or not people are successfully making money with your hobby of choice today.

You don’t want to invest time and energy in a hobby that is no longer profitable due to trends and fluctuating market demands. For examples of this, consider Beanie Baby collecting or baseball cards. Both were once very lucrative hobbies for those who educated themselves and took the time to find desirable products.

 

3. Check your local and online market opportunities

Your next step is to determine where to market your products or services. Your options include, the internet, space in a store, flea markets, trade shows, or through direct sales. If you know what others are doing, you know what is working for them.

If there is room for you where others are marketing that is great. However, what you don’t want to do is try to sell your product or service where there are too many other people trying to do the same thing. Remember that your best marketing opportunities may not be where others are selling the same product.

Instead, it may be where others are failing to sell that product. If you are interested in freelancing in college, there may be on campus resources to help you get started.

 

4. Take a class or work with a mentor

In order to maximize your ability to profit from your hobby, you cannot simply settle for being good at your hobby. You must hone in on your talents until you are better than your competitors. The best way to do this is to take a class or to find somebody who is willing to be your mentor.

Remember that you will not only need to be able to produce a quality product or offer a quality service, you will also need to be prolific enough to meet the, hopefully, increasing demand.

 “A mentor is someone who sees more talent and ability within you, than you see in yourself, and helps bring it out of you.” – Bob Proctor

5. Create an online presence

No matter how you determine you should sell your product or service, you should create an online presence for yourself. What is appropriate for you depends on the hobby you are trying to monetize. For example, if you are selling arts and crafts or photographs, you should definitely look into opening an Etsy shop.

In most cases, you will want to create a website or WordPress account. Many people find it easiest to use WordPress to set up a website, and to become e-Commerce ready. You may want to create a Facebook, LinkedIn, or Twitter for your new startup as well.

What tips would you add to this list that has helped you monetize your hobby? Please leave your thoughts in the comment section below!

Jonathan Emmen is a student and a passionate blogger from Copenhagen and regular contributor for different educational and entertainment blogs such a ProCustomWriting writing service and others. You can follow him on @JonnyEmmen or you can also follow him on Kinja.

Success Advice

How Your Friends Determine Whether You Succeed or Not

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Can anyone do without having friends? We all have our friends, we share ideas with them, talk together, have fun, and fight. Yes, that’s the baseline of friendship. But, do you know that aside from you, your friends can determine whether you achieve success or not?

There are two things in friendship which are the ability to ”love” and the ability to “influence”. This means you are loved and you are influenced. How do your friends affect your success in life? How are they one of the biggest deciding factors of your success? Let’s find out.

What type of friends do you keep? 

First, what type of friends do you keep? Who do you call your best friend? There are two different kinds of friends, good friends, and bad ones. A lot of people have lost their pathway to success and some have also found their road to success all because of the friends they keep, the people they mingle with. 

Who is your best friend? Answer carefully. Having a best friend means you find each other compatible and understanding. Analyze who your best friend is. If your best friend has not motivated you to do something positive, if who you call your bestie has never given you positive advice, lastly if your best friend has never informed and advised you on your shortcomings, then you don’t have a best friend.

This quote tells us “birds of the same feather flock together”. Countless people have changed from their good nature into a bad one all because of friends. One thing to note is, “negative people move with negative aura”. If your best friend is filled with negativity inside-out then you will surely be affected by his/her negative aura.

They influence your success with positivity or negativity 

The friends you keep can either influence you with positivity or negativity because your friends have the power to change your kind of person completely. 

This is how your friends influence you:

  1. They influence you indirectly with what they do
  2. They influence you directly by teaching and giving you advice 

Yes, that is how they influence you. For instance, you watch a movie and you like the way the actor walks. The question is if you truly like the way the actor walks, won’t you try to imitate the actor? Of course, you will.

Just the way you imitate the actor is the same way your friends can influence you with their character. However, the funny part is, they don’t have to teach you to do things like them. You just find yourself imitating and copying them gradually.

An important question to ask is, are you imitating a good friend or a bad one? If you imitate a good friend then you will be good, but if you imitate a bad person, you will surely become a bad person.

Everyone wants to succeed, a good friend will always teach, enlighten, and motivate you for success. A bad friend will only motivate you to do evil things (smoking, drinking, fight, envy,).

And you should know that things like that are a great enemy of success and even of God. So, if you have these bad elements in your life, how will you achieve success? There is no way!

And also, they can teach and advise you directly. But, what do your friends teach you? When you ask them for advice do they inspire you positively or teach you the bad stuff.? A lot of people have regretted lifelong decisions just by listening to the advice of friends. 

The company you keep has the power to influence and change you. Never forget that a positive influence will teach, motivate, and brush you up for success. While a negative influence will inspire you to become a bad person, change your good nature, and leave you with regrets in the end.

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The 3 Step Process to Building a Profitable Pitch

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As a communication coach, one of the top questions entrepreneurs ask me is how to deliver a winning pitch to potential investors. They want to know if there’s a magic formula to get an investor to say yes and buy into their dream and their business. (more…)

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The 4 Pillars of Wealth and Abundance

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Have you ever wondered what the formula for a wealthy and abundant life is? Many people have. Lots has been written about the subject of wealth creation and living an abundant life. It was a breaking point in my journey and pursuit of success when I found out that there is a clear path to achieve success in life. Thanks to those who have shared their journey, we can clearly see and follow the principles of prosperity. (more…)

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Here Are 4 Reasons Why You Should Have a Podcast, Youtube Channel or Online Show

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why you should have a podcast
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Confidence comes from a place of strong understanding of self. After close to three years on radio, I’ve grown from a shy introvert to a shy introvert with an extrovert persona. When the mic is turned on, I can channel a version of myself that some say is attractive, strong, and of course, confident but it wasn’t always this way.

What I want to share with you is what I discovered on this journey into broadcast that you can apply to your life, your ventures, and your personal development. This doesn’t require any fancy gear. It does require a leap of faith on your part because once you go down the road of media; it can change your life.

1. Perceived Expertise

When you go to a doctor, you expect their knowledge will guide them to a solution to your problems. When you have a show, you become your listeners’ doctor. For all the multiple thousands, maybe millions, of YouTube channels, podcasts, and user-created content in the world, each person that gets behind a mic takes a position on their passion, their opinions, and their themes.

They challenge the status quo for the benefit of their listeners in hopes to entertain and educate. With consistency on your side, those fans place you on a platform and give you permission to influence them.

2. Global Acknowledgement

One of the benefits to increasing confidence is when you receive thank you notes from people you may never meet. The feeling of enriching someone’s life from halfway around the globe, provides validation you’re enhancing someone else’s life with your wisdom and your wit.

The very first time I was told I was making a difference in someone’s life in a country other than my own, I felt like I caused massive impact that transcends my circle of influence. When you experience just how much you can cause impact and it comes back to you, it’ll change your worldview.

“Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems.” – Zig Ziglar

3. Backed By Numbers

One of the most exciting ways to measure success is to quantify your growth. It’s not enough to just broadcast. Having subscribers and downloads helps to know, numerically, how well you’re doing. Word of caution. This can be a way to set yourself up for distress because of number envy but if you understand what the numbers mean; you can control the narrative of the numbers.

The major number that makes most people smile is 10,000. I’d advise it to be 1. Here’s why. As you grow in your industry, so does your reach. If you learned that the one person that subscribed totally changed for the better because of you, wouldn’t that be worth the effort?

4. Effective Communication

While it’s not talked about much, having a show is documentation. You create a dynamic account of your life, your industry, and the pulse on what’s important simply by having a show. When you find a channel to improve your communication skills, you demand attention and people will listen to you. You become more trusted as a leader and people will follow you once they believe you can lead them to their wants and needs.

“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins

These insights have helped many people become leaders and, ultimately, move others to their best selves. It’s worked for me and I hope it works for you. At the end of the day, it’s all about showing up and showing out.

Have you ever thought about having a radio show? If so, what would you talk about? Let us below!

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