Have you considered building a side hustle to make money from your hobbies? One of the easiest and most profitable ways to make money is to turn your passion into profits.
Creative Ways to Make Money From Your Hobbies
By choosing to make money from your hobbies, you can eliminate much of the "learning" phase and start making money faster and with more confidence, because you already have the necessary skills.
Not only that, but chances are you have a built-in, supportive community around your hobby, like friends and family.
You may be asking, "This all sounds great. But how do I turn my hobby into a viable income?"
Glad you asked! Here are some of my recommended ways to make money from your hobbies.
1. Start a Blog
By chronicling your hobby through a blog, you’re able to reach an interested community quickly.
For instance, if you run marathons, then starting a blog with tips on how you train, what you eat, and your favorite gear would be needed information for those with similar interests or just beginning.
UPDATE: If you are interested in starting a money-making blog, Bluehost has a great deal! If you purchase your hosting through Bluehost for just $3.95 a month, they'll give you a free domain name.
You can monetize a blog through advertising space and sponsored posts. With sponsored posts, you work directly with brands to highlight, review and introduce their products to your community.
If you’re new to blogging, there will be a bit of a learning curve, but the important piece— the knowledge and content— will come naturally to you.
If writing isn’t your thing, but you’re comfortable with video, a vlog or YouTube channel might be a better fit.
2. Create an Online Store
There are so many options to create a store with ready to sell items. If your hobby falls into crafting or handmade, you can open a store on Etsy.
Another option is creating a store through Shopify is a popular online e-commerce platform.
Currently, Shopify powers over 600,000 businesses, has 1,000,000 active users and has generated over $55 billion in product sales.
Not only can you sell physical products with your store, but you can sell digital products, such as ebooks , printables, and courses, as well.
3. Get Cash Back When You Shop
If you love to shop online cash back programs can be beneficial if you’re using them to purchase items you would have purchased anyway. My favorite cash back program is Rakuten.
Rakuten offers cash back at over 2,000 stores whenever you begin your shopping through the Rakuten website. Whenever I shop online, I always check to see if there are cash back opportunities if I shop through Rakuten.
4. Teach Others How to Do It
Offering lessons for your skills is an excellent way to make extra money. People are always looking for music lessons, tutoring, learning a foreign language and even private coaching.
Blocking off some available time each week or offering monthly workshops to hold lessons would be filling a need right in your community.
5. Seek Out Local Vendor Shows and Craft Fairs
If you have a tangible product like crocheting, baking or handmade jewelry; then seeking out local events where you can set up a booth and sell on the spot is an easy money maker.
Schools, churches, farmers markets, and other organizations often host events where vendors are welcome. Usually there is a small investment involved; however, most make that back during the event.
Not only will there be many options for vendor shows in your region, but selling in person eliminates the need to ship your goods, like with an Etsy store.
Be sure to do your research, and verify that the event or show has a history of good attendance.
The more people you can get in front of the better, but keep in mind with higher traffic, the fee to be a vendor will likely increase.
You can find local events by searching your Events tab on Facebook and your newspaper. Once you’ve started to network with other vendors, they’ll begin to share upcoming events with you.
6. Write an Ebook
Writing an ebook is perfect if you're looking for passive income. Once it’s written, the hard work is over!
If people are constantly asking you the same "how-to" questions, or ask to "pick your brain" on a particular subject, that’s a sign you should write a book.
Bundle up all of your knowledge in one easy to digest book that can be downloaded.
Now, when anyone asks to pick your brain, you will have your very own resource without taking precious, valuable time to repeat the same information over and over again.
7. Create a Course
If your talents are a bit more complex or you’d prefer to sell it at a higher value, then a creating a course may be the best option.
Courses are more in-depth than an ebook and command a greater retail value, as they take more work for the creator to assemble.
We live in an era where people are taking their self-care seriously. In our busy lives, there is a wave of adults that are seeking to accomplish the skills and talents they’ve always wanted, without having to take too much time away from their family.
There are courses on everything from meal planning to entrepreneurial subjects that would rival what is learned in college.
If you have a particular talent, but don’t have the time to offer private lessons, then creating a course is a good alternative. Sure, it will take some time upfront to get it done, but you’ll have passive income forever.
Sites like Teachable and Skillshare are industry leaders in creating and housing courses.
The number of ways you can make money from your hobbies is endless! With a little bit of research, you can have a flexible side hustle and make money from your talents in no time.