Between the economy and the holidays, it’s easy to find yourself broke pretty quickly, or at the very least cash deprived.
I think most of us would like to make a little extra money right now.
The good news is, if you have a hobby, then you may be able to turn that hobby into extra cash.
If you want to make extra money from your favorite hobby, here are some things to think about before you get started.
How To Turn Your Hobby Into A Business
- Do all the work yourself initially. You don’t want to go into debt from hiring people before you can afford to pay them.
- Stay super organized. You need to stay on top of all the little details in order to maximize your profits.
- Talk to an accountant about what you need to know with regard to tax laws.
- Learn everything there is to know about your hobby. Stay abreast of the latest trends, gadgets, and ideas that others are using.
- Use word of mouth to your advantage. Tell everyone you know and ask them to tell everyone they know about your hobby.
The holidays are a fantastic time of year to see if your favorite hobby can make money.
Whether or not you’re living your dreams on a daily basis through your work, your family, or your personal life is largely based on your priorities. That, and your level of passion.
To help you keep things in perspective and hopefully encourage you to take some time for yourself these days, I encourage you to explore your own favorite hobbies for ways to make extra money.
Are You Pursuing Your Passion?
Recently, CNN posted something that was very different from their usual content.
Check out their interactive online quiz called Discover Your Passions.
My responses to 15 simple (yet interesting) questions revealed that “home” is my hobby of choice:
You are a home-body and a fix-it-addict. Your house is your ultimate hobby, and rightly so, since there’s just so much you can do to it. Everything from decorating to gardening to construction to organizing and even cleaning the gutters gives you a sense of accomplishment and takes up every second of your spare time. You might like hobbies like painting, furniture-making, sewing, gardening, creating your own cleaning supplies, tiling or plumbing.”
But I guess “home” actually sums all that up pretty well, because it is where I am most comfortable. And things like home repairs & organization… creative design & decorating… and the entire process of building a dream home are right up my alley.
For me, things like photography and writing are simply an end to a means these days as I document all of the fun home stuff that I enjoy so much on all these websites!
I encourage you to discover your passions and start having fun on a daily basis. The quiz is definitely motivating, if nothing else.
In case you’re wondering, the other hobbies /passions are:
I actually found parts of myself in each one of those categories.
But overall, I think the quiz is pretty accurate.
Fun Hobbies That Pay
I like to help people find unique ways to do things in order to save time & money — so I write about “outside the box” ideas that most wouldn’t think of. As a lifelong dog owner, I often share my best tips for living with and training dogs. I worked in Higher Ed over 10 years before switching gears to pursue activities that I’m truly passionate about. I’ve worked at a vet, in a photo lab, and at a zoo — to name a few. I enjoy the outdoors via bicycle, motorcycle, Jeep, or RV. You can always find me at the corner of Good News & Fun Times as publisher of The Fun Times Guide (32 fun & helpful websites).