So you have a hobby you love?How do I make money from my hobby? I read stories all day long that talk about people who love their lives and they do what they love and they've turned their hobby or passion into a money generating business.
Doesn't it just get under your skin because you rack your brain figuring out ways to come up with a way to turn your ideas into a money-making business?It does me.
Well as a former business owner who is turning his second hobby into a business, I am here to tell you that you can make money from your hobby.
Okay, so others have done it, but how do I make money from my hobby? I once read a story, and maybe you've heard it, of a guy who became disabled and couldn't get a formal type job.
Well that makes you pretty much screwed when it comes to bringing home the bacon right? So turns out that his hobby of wire jewelry was much wanted throughout the world.
He turned his hobby into a niche that sells upwards of 6-figures a month worth of products and information.
Or, what about a guy who started writing about his thoughts on personal development and self-growth only to start making close to $40k a month without selling a product.
Just loved writing about this topic.
So, once again, how do I make money from my hobby? $$ Figure out if your hobby is something others are interested in.
Mainly, is there a market?Do you attend conventions?Do you pay a lot of money to do your hobby?These are all questions you must answer.
I have a friend that does train layouts.
He told me of an ex-CEO that retired and his passion was train layouts.
He now sells his services around the country to set up a train layout for those passionate about model trains.
$$ What type of competition is out there?Your goal is to be unique and offer something of value that others don't offer.
You must be different.
Just being passionate about your hobby may not be enough b/c most businesses out there are also passionate.
$$ Utilize your brain to build relationships.
You must set up shop, set up accounts, put together a website, open up a store (a website is much better nowadays in my opinion), and get help in setting up your business.
Put a team together.
We just had a client who is involved in pre-1900 gun shooting events.
Everyone involved utilizes nicknames to play a role.
He found out they would be interested in decals to portray their identities.
A whole business is being set up for 60,000 members on this one idea.
The man could make over $100,000 a year from this hobby.
$$ Treat it like a business.
You can mess around a bit and make some money, but in order to really do well, you must treat it like a real business.
Get an accountant, make things legal, protect your ideas, and market like crazy.
This is how I make money from my hobby.
I once owned a multi-million dollar construction company.
I then stumbled upon the wonderful art of making stained glass.
With the help of my step-son, we are turning this enjoyable hobby into a money making adventure because others out there love doing stained glass as well.
It all starts with your imagination and some creative thinking.
You can do what I have done which is make money from my hobby!
Doesn't it just get under your skin because you rack your brain figuring out ways to come up with a way to turn your ideas into a money-making business?It does me.
Well as a former business owner who is turning his second hobby into a business, I am here to tell you that you can make money from your hobby.
Okay, so others have done it, but how do I make money from my hobby? I once read a story, and maybe you've heard it, of a guy who became disabled and couldn't get a formal type job.
Well that makes you pretty much screwed when it comes to bringing home the bacon right? So turns out that his hobby of wire jewelry was much wanted throughout the world.
He turned his hobby into a niche that sells upwards of 6-figures a month worth of products and information.
Or, what about a guy who started writing about his thoughts on personal development and self-growth only to start making close to $40k a month without selling a product.
Just loved writing about this topic.
So, once again, how do I make money from my hobby? $$ Figure out if your hobby is something others are interested in.
Mainly, is there a market?Do you attend conventions?Do you pay a lot of money to do your hobby?These are all questions you must answer.
I have a friend that does train layouts.
He told me of an ex-CEO that retired and his passion was train layouts.
He now sells his services around the country to set up a train layout for those passionate about model trains.
$$ What type of competition is out there?Your goal is to be unique and offer something of value that others don't offer.
You must be different.
Just being passionate about your hobby may not be enough b/c most businesses out there are also passionate.
$$ Utilize your brain to build relationships.
You must set up shop, set up accounts, put together a website, open up a store (a website is much better nowadays in my opinion), and get help in setting up your business.
Put a team together.
We just had a client who is involved in pre-1900 gun shooting events.
Everyone involved utilizes nicknames to play a role.
He found out they would be interested in decals to portray their identities.
A whole business is being set up for 60,000 members on this one idea.
The man could make over $100,000 a year from this hobby.
$$ Treat it like a business.
You can mess around a bit and make some money, but in order to really do well, you must treat it like a real business.
Get an accountant, make things legal, protect your ideas, and market like crazy.
This is how I make money from my hobby.
I once owned a multi-million dollar construction company.
I then stumbled upon the wonderful art of making stained glass.
With the help of my step-son, we are turning this enjoyable hobby into a money making adventure because others out there love doing stained glass as well.
It all starts with your imagination and some creative thinking.
You can do what I have done which is make money from my hobby!
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