How to turn your hobbies into a great cash injection
Hobbies that could possibly be commercialised and curved into businesses comprise painting, woodworking, baking, web design, dog training literally anything that delivers significance to others.
- In order to initiate monetizing your hobby, you have to invent a game plan. This plan will perceptibly have to be pinched along the way, but it’s valuable to have a policy in place from the start.
- Show others to do what you love. Teach piano lessons, offer cooking classes, or teach another language, if those are your passions. You can do this by teaching through a college or continuing education program, by creating your own classes, or by creating your own webinars or tele-seminar series online, Collamer says.
- Sell/import/invent/craft a product or accessory for enthusiasts in your hobby. For example, if you are a wine enthusiast, you might import hand-blown wine glasses from a different country, or invent a unique wine refrigeration device, or develop a line of fun wine-themed T-shirts.
- Speak or write about your hobby. Hobby related how-to topics, historical perspectives, and compelling stories, are all of interest to enthusiasts, Collamer says. And you could get paid to do it.
- Assess, repair or fix items related to what you love. Most hobbies have “stuff” connected to them, and sometimes, that stuff needs to be fixed by a skilled and knowledgeable person.