My blog this time will explore how to turn a hobby into a source of side income. Along with my engineering work, I have hobbies, too. A hobby is something you do for fun, relaxation, and enjoyment. It’s a change from the day-to-day grind of your job, whatever your job is. Luckily, most of us live in a society that allows us hours away from a paid job to do something other than work.
I like to spend time to listen to sentimental musics and composing jingles. Okay, it’s more serious than that, but many think of these things as hobbies. I’ve never thought there were hobbies. They are jobs. My career. My business. I’ve
been selling my service since I was 19 where I started providing my service for free on teaching my neighbourhood friends to play guitar.Later there are other friends and more friends who are lining up to get my free service. As the demand for my service grows, i start charging what they are really worth. Later, I decided to upgrade and progress my skills according to client needs and planned to complete grade 8 in a music school. Finally I feel satisfy on charging clients as their money have a worth value for my service…The moment i make money with my hobby, my hobby becomes a business. Things change. I changed... The hobby changes
Sharing some of my experiences..
I was talking with some friends about how they could make some extra money and was surprised to see that most of them thought it was impossible. They all imagined they didn’t have the time to make extra money. Finding ways to make extra money has always been quite simple for me so I’m always a bit surprised that most people don’t do it. It takes is a little imagination and effort and you can turn any hobby into something that generates money. I’m not sure why most people don’t realize this.
By utilizing this knowledge, there is almost always some way to figure out how to generate a bit of income from the hobbies you have.Take some time to look at your current hobbies and see if there are possibilities of generating a bit of income from them. Whether you knit, or write, or make photographs, or grow a vegetable garden, or tinker with cars, or build web sites, or collect ancient coins — you can make money from your hobby.
I’m not saying it’s possible to get rich by playing your violin at weddings, or by weaving baskets from pine needles, but earning money from a hobby is a nice way to get paid for doing something you would do anyhow, by way of introduction, here are some ground-rules for making money from hobbies.
Focus on something you love.
Pursue something you’re passionate about. Choose a hobby that you enjoy, and find a way to make money from it. Don’t choose a hobby simply because it might make money and then dive into it with that aim in mind.
I also love to write. I was struggling with debt. I began to read personal finance books, and then to summarize what I’d learned for my personal web site. From this, Get Rich Slowly was born. Now I make over a thousand dollars a month writing about personal finance. But I didn’t start this for the money — I started this because I was passionate about the subject.
Keep it fun. Don’t let it become a chore.
Work on your Hobby
If you’re interested in making money from a hobby but don’t know where to start, think outside the box. Find something that you can do, turn it into for which other people might be willing to pay.
At my day job, I have a friend whose wife loves to cook. She turned this hobby into a part-time job as a personal chef. She prepares meals in advance for wealthy clients. She spends a few hours a day preparing a week-long menu for people who pay her handsomely for her time.
Hone your skill
Practice, practice, practice. The more time and energy you’re willing to devote to your hobby, the better you will become. The better you become, the more likely that you’ll be able to earn money from it.
Photography is a terrific example. If you’re willing to make a hundred images a day, you can improve your skills quickly, especially if you teach yourself about composition. You may never become a professional photographer this way, but you can develop your skill to the point where you can sell images to stock photo agencies, or enter (and win) photography contests.
Some people are born with natural talent. Most of us have to work at it
Conclusion
Why should you care about making money from hobbies? Remember: the wealth eqaution has two sides. You accumulate wealth by reducing expenses and by increasing income. Often we only focus only on our careers when it comes to “increasing income”. But there are other ways to make money. One of the best is to harness a hobby.
This is an especially good technique if you’re stuck in a low-wage job. And sometimes a person can turn a money-making hobby into a career Who doesn’t want a job doing something he loves? why not work on at turning it into your next job?
Most of all — whether or not you make money from your hobby, enjoy the time you spend with it! Hobbies help make life fun.
All the best ,
M. Kumar