Wouldn’t it be great to parlay your passion into money? It’s easier than ever to do so.
It’s just one example of a passion — or obsession — that can translate into a money-making venture.
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Some hobbies that begin as a labor of love may evolve into full-time careers, while others are more likely to provide supplemental income. Either way, if you can make some cash from an activity you love, it’s a good thing.
Following are a couple dozen hobbies with business potential.
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1 Web design
You’ll need a strong portfolio of work and a stellar website showing what you can do. The stronger your technical skills, the better your chance for success.
Freelance designers use many online job markets, including Fiverr.com and Upwork.com. Another way to get started is by working locally and growing your business through word of mouth.
In this Fiverr blog post, a cartoonist explains how Fiverr.com enabled her to transform her hobby into a moneymaker.
She details how marketing basic, inexpensive services helps her meet and land clients who often go on to buy upgrades that boost her fees.
3. Jewelry and crafts
In an era of mass-produced products, a premium is often placed on one-of-a-kind items made by human hands. Etsy — an online marketplace for handmade candles, jewelry, greeting cards, soap, pot holders, toys, clothes and other crafts — gives artists a way to dip a toe in the water.
Set up a “shop” there, or just assess the competition, prices and viability of selling your products.
4. Event planning
Could you transition from planning kids’ birthday parties to organizing corporate events or weddings? Event planning is demanding work. But if you’re the super-organized, creative type who sees the big picture and has the people skills to work with everyone, you might be able to pull it off.
Unsure how to get started? Post your services on Fiverr.com. Although Fiverr gigs may not pay much, you can ask happy customers to write testimonials that you can use on your website and in your marketing.
5. Retail arbitrage
Some people make serious money by buying stuff at liquidation and clearance sale prices and then selling them online for a higher price. These sellers may not specialize in any particular items or categories of goods. Rather, they are experts at knowing what sells well and at finding it at low prices.
Unlike freelance writers — who are paid by their clients — bloggers make income from ads on their sites or affiliate marketing, generally meaning commissions for promoting products.
You’ll want to identify a niche for your blog. Popular topics include:
- Personal finance
Blogging isn’t all you’ll do, though. To get your blog noticed, you’ll also need to become adept at marketing.
If you’ve got the equipment, talent and energy, get out there and compete with the pros by shooting portraits, weddings, graduations and other events.
As with many freelancers, self-employed photographers must also become adept at marketing, and that includes creating a beautiful website to showcase your portfolios of work.
For more details, check out “4 Ways Creative People Can Make Money Online.”
With hot yoga, naked yoga, stiletto yoga and winery yoga classes — to name just a few options — you’d imagine that yoga teachers have a good expectation of employment.
Be cautious. Yoga is extremely popular, but news reports suggest that teacher training has outpaced the growth in new students.
By all means, enjoy teacher training and start a business or teach yoga for a studio or gym. You may bring in some spending money. But, in many markets, it might not be enough to live on.
A treasured recipe for fudge, toffee, shortbread, jam or scones has been the inspiration for many a business that began with small batches made at home. Martha Stewart, for one, ran a catering business from a professional kitchen in her basement.
Health codes often require goodies sold for public consumption to be made in a commercial kitchen. But don’t let that stop you. Restaurants and commercial kitchens often rent space to other bakers who use the kitchen in off-hours.
10. Video editing
Maybe you’re the kind of creative type who compiles and edits friends’ and relatives’ photos and videos into short films. And perhaps you’re thinking you’d like to break into the field professionally.
Upgrading your skills is the ticket. It may eventually be necessary to enroll in classes. But before you spend money on tuition, take advantage of the many free resources online.
11. Coaching a sport
If you’re an outstanding amateur athlete, you may be well-suited to train others. The best coaches also are patient and personable, with a special ability to analyze others’ movements.
The nonprofit United States Sports Academy offers free courses, including “Introduction to Coaching.”
12. Desktop publishing
Desktop publishing involves using software to create handsome, professional-looking books, brochures, posters and advertisements. Writers and amateur graphic designers who are comfortable in a digital environment may find a career transition to desktop publishing to be the right fit.
You can train yourself at your own pace while continuing in your current job. Lifewire lists top software programs used in the field, including free ones..
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