Will It Work?
It is no secret that we would all prefer to do what we love and get paid for it, instead of waking up every morning, to go to work and complete dull tasks. Imagine living a life where you could get paid for testing different sorts of candy or playing video games, wouldn’t that be more exciting?
Of course you still have to put some sort of work into your hobby before you can monetize it, as money doesn’t fall out of a T.V. screen. Having said that, you also have to be consistent within the work you do.
But before we go into details, on how this is achievable, you should ask yourself some very important questions first. Before you can even think of how to turn your hobby into a business, consider the responsibilities that follow.
Not everyone’s made for a journey full of errors and uncertainty. Additionally you will surely face several months of silence, where nothing happens. You will check your balance daily with no change, no sales, views or demands for your product.
But once you achieved your first generated profit, you will be happier than ever and all that hard work finally pays off. The next hours won’t even feel like work anymore because now you can just enjoy what you love doing and get money for it.
Doesn’t that sound like a dream come true? For some it already did…
So to simplify your thoughts on how to make money with your passion, I added a list of questions you should ask yourself before jumping into the deep end of the pool.
1) Can I Make Money With It?
I suppose some of you doubt that your hobby or passion can actually be monetized at all. But the truth is, in todays world we can actually make money with near enough anything. You just need to think of the bigger picture.
Especially with the internet, we can easily find ways to create an income, whether it is trough a PayPal account or another platform.
A few months ago I didn’t even know that there are self made millionaires, that achieved their wealth through playing video games such as Call of Duty and Minecraft. Yes, you read that correctly. They are actually making millions.
So if some teenagers can make insane money being teenagers then surely your hobby can do too. If you haven’t heard of Vines yet, then let me explain it briefly. A vine is basically a video, that lasts 6 seconds and loops itself continuously. You can create vines through the application and film whatever you please and share it within social networks.
There are several celebrity Vine creators who also make a comfortable living. Popular Vines are usually either really creative clips or hilarious ones. There are also certain users that actually live off pulling pranks on people and filming them.
So to answer your doubts on whether or not you can make money with your passion, yes you probably can.
2) Who’s Your Competition?
Like any other business, you should consider the market before you join it. Watch the competition closely and think about how you could beat them or at least get close to their level.
If you want to succeed, you should know that there are others that are probably already succeeding. This shouldn’t scare you off though, because if you truly enjoy what you are doing, eventually you will become one of the big fish.
You could try to copy your competitors techniques and add your own touch to it, to see if it works. Or better yet, you could ask them to see if they can give you any helpful advice.
Who knows, maybe you’ll be able to work together and collaborate for even greater profits. After all, if you share the same passion it could work out quite fantastically.
Don’t forget that competition also means that there clearly is a demand for whatever you wish to create.
3) Are You The Only One Enjoying It?
If you want to know how to turn your passion into a profit, you should also make sure you are not the only one that likes your passion. If you have a very unique hobby, that not many other people have or enjoy, chances are very slim you will make a lot of money (if any) through it.
Make sure to do some research on your niche. Find equally minded people and show them your “product”.
4) Who Can Help?
Probably the most important question of all, is to know where to look for help when you need it. Starting a new business, is very nerve wracking and it can cause a lot of stress.
If you get stuck at any point, it can be a horrendous feeling, especially when you don’t know how to get out of there. If you want to get started with an online business, of course there is always search engines where you can look for answers.
But let me tell you from experience that it can take hours before you find the exact answer you need!
You should definitely consider joining a course or a class to help you when you are stuck. And as I mentioned previously, there are always people who already live comfortably that you can reach out too and ask for advice. They have probably seen the exact same issues you have before.
5) Can You Commit?
Last but not least, ask yourself if you can commit to a lifetime of doing the same thing for a living.
Think about it this way, if you love eating pizza, could you eat it every day for the rest of your life?
Maybe the above example was a bit exaggerated, but you get the idea. Now that you’ve covered the most important aspects before creating your business, you really need to have a long thought about the commitment you will have to make.
If you want to learn how to turn a hobby into a business, you need to learn to have a structure and certain lifestyle, that involves getting up and completing a set of tasks routinely.
I hope that this post opened your eyes a bit and helped you consider changing your career.
Don’t let these questions scare you off. They are merely necessary to consider before getting on board.
There are so many possibilities these days, so do your research and realize that the internet opens doors to any passion, that can be turned into a business. Don’t expect it to be smooth sailing from the beginning either.
Those examples of millionaire video gamers still put a ton of work into their passion. They don’t just sit around and record how they play games. They edit a lot of their footage and write blogs, reviews and more to it. Additionally they put a lot of effort in marketing themselves and make sure to get the maximum exposure they can get on tools such as social media.
Once you get a big enough audience you might get lucky enough to score some sponsorship deals.
And again, you will find the weirdest ways of making money online today. If you don’t believe me, watch how this person made around $4.9 million doing what she does in this video:
Believe it or not, but this person makes a tasty living, doing what kids would love doing. She is simply reviewing and unpacking boxes of toys if you didn’t understand what was going on here 😀
So this should give you enough motivation to make your hobby, your job. Like I said anything can be monetized if you know how to make money with your computer. With the right mindset and the proper tools of education, you can do it too.
If you found that this was a useful article, feel free to share it with friends and colleagues, that might have a great idea but are too afraid to jump into a career involving their own passion. All it takes is to get started with the right approach.
Please leave comments below if you ever considered creating your own business or if you currently are making money with your hobby.
Thanks for reading,