HOW TO MAKE MONEY FROM YOUR HOBBY

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Making money from your hobby can be a fun way to earn a living while doing the thing you love the most. However, you should keep in mind that it may also come with some cons. You should carefully weigh the pros and cons of monetizing your hobby to not ruin the relationship between you and your hobby.

With that being said, some hobbies that can make you money are;

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Some ways to make money from cooking include and are not limited to these:

Hosting cooking classes

Creating and selling a cookbook

Starting a cooking Youtube or Instagram account

Offering meal-preparing services, and tons more.

Photo by Aaron Burden on Unsplash

Writing is another thing you can make some extra bucks from. You can:

Start a blog

Get paid to write articles

Become a copywriter or a content writer

Enter writing competitions

Revamp CVs and cover letters, etc.

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Selling your original art pieces

Signing up for freelance gigs

Teaching arts

Applying for art grants and competitions

Selling your work at art fairs and exhibitions etc.

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Some money-making ideas in sewing are:

Offering tailoring services

Making and selling throw pillows

Offering custom embroidery work

Hosting a sewing class

Making and selling hair scrunchies etc.

NOTE: This is in no way a financial advice. Any advice and information on this website is general only, and has been prepared without taking into account your particular circumstances and needs. Before acting on any advice on this website you should assess or seek advice on whether it is appropriate for your needs, financial situation.

If you want to make money from a hobby, here are 9 ways you can do that:

Just start — The first step and probably the easy part. This would involve picking a name and a niche, doing market research, evaluating what value you have to offer, etc.

Get better at your hobby/skill — There’s always room for improvement in whatever position we find ourselves, with that being said, learn more about the skill you intend to monetize and know your onions.

Learn how to sell and market — Sales and Marketing are vital to your success in the market space. Learn how to use different tools and approaches to market your product.

Offer free information and solutions to your audience — This would make you come off as knowledgeable in your niche and would attract more people to you.

Create a community — Social media has made this very easy for people to create a community and reach out to them. For example, creating a YouTube channel, creating an Instagram account, creating a Facebook page, etc.

Be your brand — Identity and represent your brand. Interact with your audience. Be humane, people buy because of emotion and then justify with logic

Do something that stands out — Don’t follow the crowd. Identify something that is missing in your field and offer it.

Master your finances — Learn about accounting – how to keep track of money coming and money going out

Launch your business — Create, Market, Revise, Rinse, and Repeat.

Monetizing your hobby can come with many pros; being your boss, and working at your own pace, but it is important to understand that it may ruin your relationship with your hobbies. The main objective becomes money rather than deriving satisfaction. Your hobbies may stop being your hobbies as priorities shift along the way.

What skills or hobbies would you like to make money from? Let me know in the comments section!

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