Turning Your Hobby Into An Income Stream

By
Real Estate Broker/Owner with Unconventional Prosperity

If you're like most people, you probably dream of having an enjoyable and fulfilling job. Maybe the solution is to turn something you love into a way to pay the bills. 

 

You may think, "There's no way I can make money from my hobby." But you might be surprised!

 

Just think how great it would be if you could make money from the one thing that you actually choose to do when you have free time. What could possibly be better than that? 

 

You might not be able to fully replace your regular job right away. However, you could earn a few hundred dollars a month or more for something you would be doing anyway. And that can make a big difference.

 

The two primary routes to making money from your hobby are:

1. Teach

Someone out there would like to learn what you know. Don't make the mistake of believing you have to be one of the world's top ten leading experts on something to make money. Nothing can be further from the truth! If you know more about something than anyone on your street, you can undoubtedly make money teaching others.

  • Some ways to teach include:

    • Giving seminars (online or in person)
    • Selling articles related to your hobby
    • Writing and selling a book or e-book
    • One-on-one coaching
    • Start a blog/website that provides educational information and sells related products and services.

 

2. Sell a related product or service.

Hobbies require supplies. Other people may as well be purchasing those supplies from you. If your hobby is collecting something, you can buy and sell whatever it is you collect. Or think of businesses related to your hobby. For example:

  • You could sell your services as a dog sitter if you love animals.
  • If you love boats, you could sell boat plans or rent boats to vacationers.
  • Do you love design and interior decorating? Do you like to watch design shows on TV? You might not be on television anytime soon, but you probably know more about decorating a house than the average family does. Certainly, you could charge a few hundred dollars for a consultation.
  • What if fishing is your passion? How about owning a bait and tackle shop? You could be a fishing guide. You could sell fishing lures online.
  • Do you love to travel? Take lots of pictures and write about your adventures. Travel magazines and websites are always looking for good content. You could also start your own travel website.

The real key is to think about all the ways you could make money related to your hobby. Then you can choose to do so in the most enjoyable way possible.

Marketing is the hardest part of getting started for most people; you must market yourself and your business to get clients or customers. So be bold. Tell your neighbors and family members about your plans. Post an ad on Craigslist.com. Make a website. People have to know you're out there so they can hire you or purchase from you.

Whether you are thinking about teaching or selling a related product/service, creating a niche website is a great way to turn that hobby into passive income. Online traffic is the most significant difference between people who are profitable from their websites and those who aren't.  Search Engine Optimization (aka SEO) is the key to getting traffic from Google. To learn about how to do SEO,  it's worth investing in a course so you can do that yourself instead of spending thousands on SEO services. The Stupid Simple SEO course taught me everything I needed to know to increase my Google traffic and ultimately lead to sales. Check out my Stupid Simple SEO Review here. 

Imagine the excitement you'll feel the first time you cash that check or get a notification of a bank transfer for doing something you used to do for free! 

Once you make a little money from your hobby, the wheels will start turning, and you'll be surprised at all the other ideas that come to mind.

Start today by making a list of all the ways you could possibly make money at your hobby. Have fun, and good luck!

Comments (4)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Russell. Must say teaching was something I wish I had pursued as a side jig when I was younger. I might have done it for free. Enjoy your day.

Sep 28, 2022 04:25 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for sharing the information. Wishing you continued success.  Have a wonderful day and sell a house.  bill

Sep 28, 2022 06:12 AM
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

It seems so much easier to do this now with all the social media and internet reach--however, you have to be motivated to get the process going!

Sep 29, 2022 08:16 AM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

We all have so many hidden talents and putting one or two or more of our hobbies to good use -- as a consultant, teacher, on-line service or retail spot are all ways to find a new stream of income. Great post!  You got the juices flowing!

Oct 05, 2022 02:57 PM