Many of us have a passion project or a hobby that we love dedicating time to. Whether you love calligraphy, embroidery or illustration, a hobby can have the potential to become something more.
Whether you dream of turning your favourite pastime into a business, or you are looking for a way to boost your income, here are some things to consider when thinking about turning your hobby into something more.
Consider it Carefully
While it may seem like a simple idea to monetise an activity you love doing, it’s important to remember that when generating revenue from your hobby, it will turn from something you do for fun into a business. This will mean considering the needs of customers, completing work to deadlines and managing finances. As such, consider if this is something you’d be happy with or if you’d rather keep your hobby as a ‘me time’.
Be Realistic and Consistent
At the moment, whether you love crafting or painting, you probably enjoy your hobby as and when you’re feeling creative. However, when trying to generate an income, this will demand more consistency. To make sure you don’t burn out or over promise products to customers, think about setting a realistic time goal. Whether this is an hour a day or a set amount of time at the weekend, being realistic will help you to stay productive.
Create an Online Presence
You may choose to use a site like Etsy to list your creative crafts, or perhaps you plan to sell items at monthly markets. No matter which method you choose, make sure your customers are able to find you. In today’s digital world, that means creating an online presence. You could do this building a website, or by setting up pages and interacting with users on different social media sites.
Put Customers First
With many people attempting to turn their side hustle into a business, standing out is key. One way for
Learn and Research
Finally, deciding to turn your hobby into a business typically requires a lot of time and patience. Expect to carry out a lot of research to learn about marketing, branding, business plans and finances – these will be essential to your overall success.