Turning Your Hobby Into An Income Stream

Document Sample
Turning Your Hobby Into An Income Stream Powered By Docstoc
					Turning Your Hobby
Into An Income Stream
 Turning Your Hobby Into An Income Stream

 If you're like most people, you probably dream of having a job that's enjoyable and
 fulfilling. Maybe the solution is to turn something you love into a way to pay the bills.

 You may be thinking, "There's no way I can make money from my hobby." But you
 might be surprised!

 Just think how great it would be if you could make money from the one thing that you
 actually choose to do when you have free time.What could possibly be better than

 You might not be able to fully replace your regular job right away. However, you
 could earn a few hundred dollars a month or more for something you would be doing
 anyway. And that can make a big difference.

 The two basic routes to making money from your hobby are:

    1. Teach.Someone out there would like to learn what you know. Don't make the
       mistake of believing that you have to be one of the world's top ten leading
       experts on something in order to make money at it. Nothing can be further from
       the truth!If you know more about something than anyone on your street, you
       can certainly make money teaching others.

            Some ways to teach include:

                  Giving seminars (online or in person)

                  Selling articles related to your hobby

                  Writing and selling a book or e-book

                  One-on-one coaching

                 Setting up a website that provides educational information and sells
                 related products and services.

   2. Sell a related product or service.Hobbies require supplies. Other people may
      as well be purchasing those supplies from you. If your hobby is collecting
      something, you can buy and sell whatever it is you collect. Or think of
      businesses related to your hobby. For example:

           If you love animals, you could sell your services as a dog sitter.

           If you love boats, you could sell boat plans or rent boats to vacationers.

           Do you love design and interior decorating? Do you like to watch design
           shows on TV? You might not be on television anytime soon, but you
           probably know more about decorating a house than the average family
           does. Certainly you could charge a few hundred dollars for a consultation.

           What if fishing is your passion? How about owning a bait and tackle shop?
           You could be a fishing guide. You could sell fishing lures online.

           Do you love to travel? Take lots of pictures and write about your
           adventures. Travel magazines and websites are always looking for good
           content. You could also start your own travel website.

The real key is to take time to think about all the ways you could possibly make money
related to you hobby. Then you can choose to do so in the most enjoyable way

The hardest part of getting started for most people is marketing; you must market
yourself and your business to get clients or customers. So be bold.Tell your neighbors
and family members about your plans. Post an ad on Make a website.
People have to know you're out there so they can hire you or purchase from you.

                                   Imagine the excitement you'll feel the first time you cash that check for doing something
                                   you used to do for free!Once you make a little money from your hobby, the wheels will
                                   really start turning, and you'll be surprised at all the other ideas that come to mind.
                                   Start today by making a list of all the ways you could possibly make money at your
                                   hobby. Have fun, and good luck!


Powered by TCPDF (
Curtis Rose is an experienced professional with extensive experience in all
aspects of personal finance. Curtis writes and publishes articles, courses,
guides and special reports on his personal finance blog. Sign up for his
monthly personal finance newsletter and receives tons of free information
that you can use to help you reach financial freedom.


Shared By: