How To Make Money From Your Favorite Pastime

Business LoungeJanuary 25, 2018

You’ve taken up a new hobby, and you have realized that you are a lot better at it than you have expected. Besides, you also enjoy it a lot. The new issue that pops up is that you don’t have enough time to indulge it because of your work. So, we are here to help you make money and do the thing you are passionate about for money.

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Teach others

If your hobby doesn’t include making a physical product, you can choose to teach others how to do it. One perfect example would be giving guitar lessons (if that is your hobby) to those who want to learn to play it. If you do it well, and you get enough pupils, you can easily earn a substantial amount of money by doing what you love while teaching others to do the same.

Selling the good stuff

This one is opposite to the previous tip. Here, the focus is on those hobbies that do have a tangible product as the end result. If you have one of those hobbies, if you like to create art – take up carpentry or make your own clothes. You can always attempt to sell the products online. There are various websites which will help you set up your virtual store.

Sell related products

If you cannot make enough products to sell and make enough money another tip would be to try and sell products that are somehow related to your hobby. Those can be the materials you use in your hobbies or tools that are needed. For instance, if you have taken up painting, you could try selling the paint or the brushes that you like to use.

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Find a job that lets you use your hobby

Instead of starting your own business you could alternatively try to get employed at a workplace that honors your hobby. If you are a sports fan, you could apply to write a column for the newspaper regarding sports. If you like reading books, maybe some libraries are hiring people like you. Remember, you don’t know before you check, and nowadays almost everything can be found online.

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Start a blog

It will make you acquainted with ad related software as you will be making money from ads that are on your blog. This is a very rewarding experience. You get to live off your hobby (provided you have enough followers) and to write about it every time you have something to say.

Sell digital copies

This one mostly applies to those with an artistic string in them. If you enjoy photography, you could set up a stock photo account and sell digital copies of your work while at the same time improving your photography. Similarly, you can sell the music that you make or even digital copies of your drawings.

Money saved is money earned

A lot of hobbies actually cost quite a bit to enjoy. Sometimes, even if you are selling your product, you simply end up with less money than you started with. In order to try and spend less money on your hobbies, you should try finding other hobbyists. They might need similar materials to yours, and you can buy in bulk. This way you will pay a significantly lower price and meet a lot of people who share your interests and might help you become better at your hobby.

Another way to save money is to trade off items you believe wouldn’t fetch a high price with other people who create. Try to remember the episode of Friends in which Joey and Chandler trade the entertainment center Joey made for the Canoe they kept in the living room. Now, of course, the canoe was not the greatest choice, but if you believe you can get more value this way, it would help you overall.

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Online streaming/posting videos

There are a lot of really young people pulling in big bucks from recording themselves playing video games, dancing or having fun. You must realize that there is an audience for almost anything. With streaming channels that exist today, it is easier than ever to become your own producer. You could simply make a channel on your hobby and earn from it.