How to Make Money From Your Hobby
The national unemployment ratio has been hovering around 10% for several months now.
In fact, the latest stats report an average of 6-8 months to find a job.
You have to bring in some kind of income to keep a roof over your head but what can you do? Have you considered monetizing that hobby you love? Maybe you have a "day job" and still need some extra cash? Maybe you've thought about it and you are still not sure what to do next? Before you throw in the towel and throw out your ideas, I'm going to tell you the next step.
Soren Kierkegaard, Danish philosopher and theologian said, "...
ideas are a hint from God.
" What ideas have you gotten lately? Was it an idea based on something you find enjoyable? Brian Tracey suggests that everyone gets at least 3 ideas per year that could earn them a million dollars.
Yet each idea is dismissed as impractical, unrealistic, too expensive or unoriginal.
Your idea may not earn you a million dollars but it could come close if you pursue it properly.
I am certain that we all have had ideas, passions to "do" something and have dismissed it because of one of the listed reasons.
The question to be asked when considering the leap from employee to entrepreneur is HOW do you make that transition? RESEARCH! Preparation and planning is the foundation to success if you decide to take the leap.
Here is my simple list to get you started, with little or no money.
4 Simple Steps to Research Your Hobby Profits on a Shoe String Budget: 1.
Ask your librarian to help research your chosen interest.
This will only cost you time.
2.
Read books, magazine, newspaper articles, and blogs.
There is a lot of information available today so don't get overwhelmed.
Make a list of questions you want answered and stay focused on getting the answers.
3.
Talk to other people who have done what you would like to do.
Get a mentor or coach to keep you focused, motivated and encouraged and be a source of honesty if needed.
4.
Subscribe to industry publications.
Most industries offer a free digital (online) version of their publication.
This may be a cheaper option for you.
Your passions could become a new source of livelihood and even a career path if you can do the research and explore the option.
With a little time and effort you could answer the question that's been burning within for the past few months.
To make a successful transition from employee to entrepreneur there has to be a unique blend of imagination, talent and interest.
Researching your passions and interests is the first step to monetizing your hobby.
Explore your options for transitioning into the self-employed world before you close the door.
In fact, the latest stats report an average of 6-8 months to find a job.
You have to bring in some kind of income to keep a roof over your head but what can you do? Have you considered monetizing that hobby you love? Maybe you have a "day job" and still need some extra cash? Maybe you've thought about it and you are still not sure what to do next? Before you throw in the towel and throw out your ideas, I'm going to tell you the next step.
Soren Kierkegaard, Danish philosopher and theologian said, "...
ideas are a hint from God.
" What ideas have you gotten lately? Was it an idea based on something you find enjoyable? Brian Tracey suggests that everyone gets at least 3 ideas per year that could earn them a million dollars.
Yet each idea is dismissed as impractical, unrealistic, too expensive or unoriginal.
Your idea may not earn you a million dollars but it could come close if you pursue it properly.
I am certain that we all have had ideas, passions to "do" something and have dismissed it because of one of the listed reasons.
The question to be asked when considering the leap from employee to entrepreneur is HOW do you make that transition? RESEARCH! Preparation and planning is the foundation to success if you decide to take the leap.
Here is my simple list to get you started, with little or no money.
4 Simple Steps to Research Your Hobby Profits on a Shoe String Budget: 1.
Ask your librarian to help research your chosen interest.
This will only cost you time.
2.
Read books, magazine, newspaper articles, and blogs.
There is a lot of information available today so don't get overwhelmed.
Make a list of questions you want answered and stay focused on getting the answers.
3.
Talk to other people who have done what you would like to do.
Get a mentor or coach to keep you focused, motivated and encouraged and be a source of honesty if needed.
4.
Subscribe to industry publications.
Most industries offer a free digital (online) version of their publication.
This may be a cheaper option for you.
Your passions could become a new source of livelihood and even a career path if you can do the research and explore the option.
With a little time and effort you could answer the question that's been burning within for the past few months.
To make a successful transition from employee to entrepreneur there has to be a unique blend of imagination, talent and interest.
Researching your passions and interests is the first step to monetizing your hobby.
Explore your options for transitioning into the self-employed world before you close the door.
