Learn How To Start MAKING MONEY FROM YOUR HOBBY

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today making money from your hobby

What if you could find a way to enjoy your hobby and make a little money? Making money from
hobbies is a time-honored tradition for all hobbyists. Some hobbyists earn enough to pay for
their hobby, others earn enough to offset the expenditure incurred by the hobby, and yet others
earn enough to quit their regular job. It’s up to you how much you want to make.
While not every hobby lends itself to great sales, the chances are favorable for most hobbies
can allow you to bring in an extra income if you plan it right. If you want to make money from
your hobby continue reading to find out how. Before you begin your business, you’ll need to
ensure your hobby is marketable and has an audience large enough to support your monetary
needs. We’ll show you how to do all of this and much more. Let’s get you on the road to
success…


How Marketable Is Your Hobby?
One of the things you should consider prior to jumping into is to do a little research about the
industry and the audience for that hobby. Let’s look at some factors you’ll want to consider as
you contemplate turning your hobby into a business, whether it’s full-time or part-time.


How Big is The Market?
If your hobby appeals to a wide audience, statistically speaking, you are more likely to attract
potential customers. Find out how many people need and want the items you offer. This is the
key to deciding if you want to turn the hobby into a full-fledged business or even a part-time
business. The bottom line is that if only a few people are looking for products like yours, a
business may not ultimately meet your ongoing economic needs.

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Are You Creating Something People Will Buy?
A lot of hobbies involve creating a physical product that someone will buy. Hobbies like baking,
sewing, knitting, and others come to mind. Perhaps you enjoy writing as a hobby. Will someone
buy your short stories, books, or poetry?

Is something like that selling already? If so, you have
more of an opportunity to earn.

Photo by Yan Krukov on Pexels.com


What Can I Sell?
You can make money from physical products you create, such as jewelry and clothing;
however, you are not limited to physical products. You can also sell digital products and
services. Digital products can include information products, such as pdf reports, audio, images,
and video, just to name a few. You can also offer services such as ghostwriting, web/product
design, coaching, and teaching others what you know about your hobby. Not quite what you had
in mind? There are more options to consider. Don’t give up on your dream for more income.


Are There Other Options to Earn Money?
There are many ways to share your knowledge and experiences, while making money. One of
the popular ways doesn’t even involve creating a product or service to sell. However, you will
need to do some creative thinking; but you can handle that.
Instead of rushing to make a new crocheted blanket that you will need to sell and deliver,
recommend the instructions you used by supplying an affiliate link to them, as well as related
items such as yarn, crochet hooks, row counters, project and yarn organizers, etc. If flying
model airplanes is your hobby, instead of selling planes, consider selling parts, tools, and other
supplies because these hobbyists frequently prefer to build their own planes.
As you see, each hobby can be quite different. On that same note, the target audience, as well
as their wants, needs, and problems are very different. To find out what is likely to work best for
you, you’ll need to do detailed research.


Can I Skip the Stat Research?
In order to identify specific, viable options, for your potential business, you’ll need to do your
research. Among other things, you’ll want to find out the details about your target audience,
including their demographics, wants, needs, and problems. In addition, you’ll also want to learn
more about the industry and the marketplace competition you’ll
have. This may sound like a lot but the more you know, the more likely your business will be to
meet your needs and your customers’ needs.


One of the best ways to find the information you need is to use Google Search. You’ll want to
look for stats about your industry, your target market, and popular products or services that are
currently available.
Knowing the numbers related to your hobby and the corresponding business industry will help
you make sound choices and decisions. Highly detailed stats regarding your market’s spending
levels and other preferences will help you figuring out how many people you’ll need to reach
and convert on a regular basis to earn the kind of income you want.


How Are Others Making Money From the Hobby?
Find out if you can make money from your hobby by checking out how many competitors there
are, what they are doing, and what they offer. Find out what their best selling items are.
Research complaints and suggestions related to products you are interested in selling. When
you find a loophole or gap where a need isn’t being met, plan to create a similar item and
enhance it to meet the needs of your audience. In essence, you want to get creative and “build
a better mouse-trap,” so to speak.
Don’t limit yourself to looking only at the hobby or craft niche you’re in. Identify hobbies and
crafts that are similar to your own. For example, if your hobby/craft is crocheting, you’ll also
want to look at knitting, macramé, embroidery, quilting, and other “sewing” related hobbies. This
can be helpful in giving you crossover ideas. In addition, many hobbyists and crafters have
multiple interests.


Selling Your Hobby/Craft Items


If you make an item that you want to sell to the public, it’s important that the product is
attractive, works as advertised, follows all local and nation-wide safety rules and laws. This is
harder if you’re making items for children, pets, edible items, or skin products. There may be
special laws regarding selling your product, so you’ll need to check into what is required of you
and/or your business, from a legal perspective.


• Check the Laws – Every state, city, and/or county has its own laws regarding selling
your handmade items. If you’re going to teach people how to do the craft, there may be
additional regulations or restrictions, depending on the materials or methods being used.
It’s always a good idea to understand all laws surrounding your industry including the
local laws that affect you.


• Systemize Creation Process – If you want to be able to enjoy your hobby while selling
the things you make, you’ll need to systemize the process and get slightly ahead so that
your customers won’t have to wait too long for their product.

Photo by Artem Beliaikin on Pexels.com


• Get Legal – Make sure you have a business license and all appropriate licenses for your
area, before you start making sales. You don’t want to get a surprise fine because you
overlooked or ignored this step.


• Offer Multiple Payment Possibilities – When you are selling your craft items, it’s going
to be easier to make more sales if you allow your customers to pay in the way they’re
most comfortable. For example, cash, check, and credit. If you sell items online, you’ll
want to take payment processors that help protect consumers like Paypal.com and
Strip.com.


• Price Your Products Right – Many hobbyists tend to price their work too low. Check
online and offline what your type of items normally goes for before pricing. Keep in mind
all the resource you use to create your craft. For example, time, money, and expertise.
Don’t undercharge for your time and expertise.
Turning your craft into a salable item simply requires that you think more about how your
customer’s experience will go when they buy your item. Will they feel as if it’s a good
experience? Will they be glad they spent the extra money on the handmade item instead of
buying the mass-produced quantity?
Hobby Related Services
One exciting way to monetize your hobby is to turn it into a service instead of, or in addition to,
selling the product directly. You can coach, teach, and write about the topic. Let’s look at the
ways you can turn your hobby into a service.


• Coaching – Anytime you’ve successfully done something you can also successfully help
someone else through that same thing. For example, if you started a business with your
hobby successfully you can coach others to do the same thing.


• Teaching – Anything that you know how to do is an opportunity to teach someone else
to do it. It doesn’t matter if it’s painting, knitting, sewing, decorating, cooking, jewelry
making and so forth. You can teach people via small workshops or a lot of people
asynchronously using online


• Writing – There are lots of ways to approach earning money writing about your hobby.
You can start a blog sharing your projects, your how-to’s and the resources that you love
to use. You may even get sponsors who want you to use their products to help earn
more money.


• Create Videos – This is a great way for any hobbyist to earn money. You can create
videos, each with a different goal in mind. For example, you can demonstrate how to do
something, share how you make money, talk about products you like to use and more. In
short, you can serve your audience by being their go-to source for specific hobby
information.


• Create eBooks – One way to provide a service to your audience is to create an eBook
of different patterns or examples, or “how to’s” Even though the book is digital they can
print the patterns out themselves.Depending on your hobby, there may be additional ways you can help your audience. For
example, you can provide a service that helps others organize their hobby or crafting by going
into their homes and assisting them directly.
Another service that may work with your hobby/craft is to offer a beginner’s class, to help people
get started in the hobby. Once you do this, you may want to offer a more advanced class later to
show them great ways to sell their items.
Where to Sell Your Products and Services (online and offline)
One of the factors you need to figure out is where you’re going to sell your hobby related
products and services. It really depends on the nature of the product or service on how you can
distribute it, but these are some places you can sell your products and services online and
offline.


• Local Craft Fairs – You likely have some local markets in your area that you can sell at.
Take a walk around anyplace you think you want to sell to make sure it’s right for you. If
you don’t have direct competition that’s even better. Check their rules, find out the fees,
ensure you have the right licenses, and try it out.


• Farmer’s Markets – Even though most people think of farmer’s markets and think only
of food, you can sell all sorts of things at farmer’s markets. Some of them have websites
with the rules listed. Otherwise, you can call them and ask if you can sell your crafts at
the market.


• Flea Markets – Every area has at least one flea market that is set up to run often and on
a permanent basis usually on weekends but sometimes Friday – Monday. Usually, you
can sell whatever you want (within the law) at the market and you’re only charged for the
space that you rent.


• A Shop – Depending on your hobby, you might consider opening a storefront. A small
store can often be very lucrative. If you can’t make enough items to make it profitable by
yourself, consider cosigning other people’s work too.


• Shopify Store – You can start your own online store using software like Shopify.com,
which is easy to set up so that you can make sales online and control inventory too.


• Etsy.com – This site is specifically for people who make things hand made or otherwise
somehow serve those who do. For example, you can sew and sell items you sew but if
you have a good source, you can also sell thread, material, and buttons.


• Amazon Handmade – This is a great alternative to sell your hand made items. It’s
harder to get in the “Amazon Handmade” system but once you do, you can sell more
because people trust Amazon and their payment processing system.


• eBay.com – The barriers to entry are lower for eBay than a lot of others so anyone who
sells a product should try listing on eBay. You’ll have to pack and ship yourself but that’s
okay because packing and shipping gives you an extra opportunity to wow your
customer through your packing and shipping.


• AbsoluteArts.com – This site lets artists list their own creations for sale. They even
have some lessons and teaching about how to sell your own crafts available to their
members.


• Aftcra.com – If you create high quality, hand made items you can sell them on this site
easily. You must have a PayPal.com account to get started.


• Deviantart.com – If you’re an artist, you can use their system to upload your art onto
different mediums from t-shirts to canvas to shoes. Your customers can search for
products or you can provide links directly.


• Facebook Marketplace – This is also an easy entry idea. Everyone has access to the
Facebook Marketplace. You can even set up your own selling group too.

Photo by Tima Miroshnichenko on Pexels.com


• Social Media – You can also use Instagram, Pinterest, and other social platforms to sell
your products and even services.
The awesome part about deciding to sell your products or services is that you can sell them in
multiple places. You can put your products and services in multiple places. You should of
course, always have your own website in addition to any given platform you choose to use. Let’s
talk about next about what you need to market your business.
How to Market Your Hobby
Marketing handmade products or services effectively relies on understanding that your products
are unique to you and probably your customers. When people want to give someone a special
gift, they look for high quality, unique, and relevant personal items. These are usually perceived
as being highly valuable. That doesn’t mean you can charge and get a fortune for your items. It
means you can charge a fair, yet slightly higher price than mass-produced similar items.
Website
The first thing you need to do when you decide to open a business or shop is to map out the
content you’ll house on the site, such as sections, topics, categories, pages, and sections you’ll
need on the site. This is the foundation and framework of your online home/shop. Then, set up a
website. Your website needs to provide information about your hobby as well as address your
potential customers’ questions and problems. You should include an about page, a shopping
cart, a blog so that you can include information and content of interest to your audience.
Social Media
Get an account on every single social media platform that your audience uses and share
information to them on a regular basis. The best information to share is anything you put on
your blog including blog posts, sales pages, curated content, educational content and more.
Online Marketplaces
Facebook has a marketplace, and different sites like Etsy.com, DiviantArt.com and so forth are
online marketplaces that allow crafters and artists to list the things they make for a price. The
reason listing in some of these places in addition to your website is that the more links you have
elsewhere the more you’ll spread brand awareness.
Content
One of the best ways of marketing online is to use content. Content is anything you put on your
site in a blog, or an article, or on a sales page. In fact, all the information you provide your
audience via your website is content. Content provides information, spreads awareness, and
helps with search engine optimization.


Local Markets & Events


For greater brand awareness, you’ll need to get more traffic to your site to buy your items. This
can happen via local markets and events too. When you go to local, crafting events ensure that
you set your table up in a way that your brand is noticeable right up front.
Paid Advertising
The fastest way to get attention is to start paying for advertising. Thankfully, you don’t have to
spend a lot of money to get started with paid ads. You can use Facebook Ads, and other
platform-specific advertising to gain brand awareness faster.
Work with Influencers
An influencer is someone who has an audience that likes to buy and do what the influencer
does. You don’t have to find one with more than 10,000 subscribers. In fact, smaller channels
that have an article following can be much more lucrative especially for hand made items and
personal services relating to hobbies.
Testimonials
When you do start making sales, within a few days of purchase ask your customer to provide a
testimonial or rating for your products or services. Add them to your site where the customer
can see what was said. This will help build trust with your visitors and help turn them into
customers.


Amazing Photography


This is especially true when your products are crafts that you’ve handmade. Taking great
photographs of your work so that your potential buyers can see the quality of your work is going
to go a long way to helping you make more sales and market your hobby so that you can make
money from them.


Create a Marketing Funnel
No matter what you’re selling, marketing funnels or sales funnels can help you organize and
automate your marketing process online. The way it works is you do something to attract them
to your site, then something to keep them on the site, something more to make them sign up for
your email list. Then you will market to them via the list to make them feel safe to buy from you.


Business Cards
Due to the nature of the hobby, you’re involved in and whether you’re selling crafts or services
having a business card to give out when you want someone to contact you. Take them with you
to any events so that you have an easy way to show people how to contact you.


Industry Events
Going to industry events, especially if you provide services to others in your industry is a great
way to get more business. Try to get speaking engagements, setting up a table when you can,
and converse with the attendees as much as you can.


Your Customers’ Events
If your ideal customer enjoys and prefers certain events, plan to attend. Having your audience
all in one place is a great opportunity to spread brand awareness and to gain your audience’s
trust. Sponsor the event, speak at the event, have a table at the event for added recognition.
You can start marketing your products or services as soon as you have a website. That should
be your first goal. Get up a website and then make that the center of all your marketing and
advertising so that you can drive enough traffic to your site.
Tips on How to Keep Up with Supply and Demand
When you’re making things handmade, it can be very difficult to keep up with demand if you’re
not careful. However, if you learn to think a little differently, you’ll be able to succeed. The first
thing you must do is realize that you’re not Walmart or Amazon.
You’re providing a product to your customer that is custom, unique, and not mass produced.
Naturally, the items you make will cost more than anything mass-produced due to your
expertise, skill, and the time it takes you to finish a project.


Systemize Your Process


Developing a streamlined way to create the things you sell to your audience will help you get
more done. Try to organize your supplies so that it’s easy to get to work. Storage is important
when you’re trying to work efficiently. Ensure that you always have the right tools and materials
so that you can work in an organized manner.


Price Your Work Correctly
One secret to ensuring that you can keep up with inventory is to price your work better. If it’s
priced too high you may get a lot of orders, but it will be hard to keep up. Think about how much
you want to earn this year and how many you can comfortably make and price accordingly.


Set Inventory Numbers in Shopping Cart
If your shopping cart system allows it, set the inventory numbers at the number you know you
can make so that you don’t accidentally get too many orders. If you start noticing you’re getting
sold out fast, consider raising your price again.


Make Standard Most Ordered Items in Advance
If there are parts of your inventory that you can make in advance so that you can get ahead of
orders that will help a lot too. Think of how an assembly line works and try to organize the tasks
you do in that manner to avoid backups and to be able to take more orders.


Pre-Order Supplies
You don’t want your progress interrupted by not having the supplies you need to get your orders
made and shipped to customers in a timely manner. Remember all the parts you need to put
together including packaging and shipping supplies.


Offer Limited Options
To make it easier don’t offer too many options so that you can make some items ahead of time.
For example, offer 3, instead of 12 colors. Offer 4 sizes instead of 10. Remember, you don’t
have to be Walmart. You are an expert at what you do. Your items are considered specialty
merchandise. It has a higher perceived value because it is more unique.


Be Specific About Time Lines
On your website and any shopping cart, you use be sure to list all the information that you need
to so that they understand how long it’s going to take to get their item. For example, if you don’t
start making the item until after it’s ordered and paid for, make sure this is understood in the
information they see prior to ordering.


Outsource
There is a way that you can make more items. You can find others who want to make money
using their skill and who will follow your pattern and directions in terms of shipping out the item
as if it comes from your company.
Keeping up with supply and demand can seem daunting. Crafting a plan, systemizing
everything that’s possible, and being realistic about what can be done during the time frame that
you must work is imperative to your success.


Common Mistakes to Avoid
Making money from your hobbies can be profitable if you’re careful. You’re doing an important
thing right now reading this because you’re more likely to avoid common costly mistakes when
trying to turn your hobby into a business.


Not Doing Your Research
Don’t make assumptions about anything. If you do, you’ll end up wasting both time and money
trying to do something that maybe isn’t even producing the results that you desired. Worse, you
may erroneously attribute your success to the wrong thing, try to repeat it, and waste a lot of
time, money, and effort.


Not Delivering on Promises
If you say you’re going to do something, you should do it. Even though this is your hobby, once
you turn it into a business it’s no longer just a hobby. Now it’s a business. Now you are
responsible for living up to your promises to others.


Not Following the Legalities
When you start a business, it’s important to check out the laws regarding your industry. You
may need to check with a business lawyer, a CPA, and other professionals to help you navigate
this part of starting a business making money from your hobbies.


Not Keeping Track of Income & Expenses
As a business owner, you need to have a legal way to keep track of income and expenses. The
IRS makes the rules on this. Be sure to read the relevant business publication about starting a
business based on your hobbies. Remember, just because you have a hobby that you’re going
to earn money off doesn’t mean the IRS thinks your business is always a hobby.


Not Making Business Goals
When you start a business making goals and putting them in writing is imperative. Think of this
as your business planning. When you craft a business plan, you’ll include your goals and how
you’ll meet each one, step-by-step.
Avoiding these common mistakes will ensure that you don’t fail at your business goals when
turning your hobby into an income source. You’ll be able to track finances, customer desire, and
more if you set everything up properly from the start.


10 Tips for Hobby Business Success
Now that you’ve learned all about turning your hobby into a business that produces income for
you, it’s time to put it all together so that you can turn your hobby business into a real success.
It’s all about changing your mindset to that of a business instead of a hobby. That may take
some adjustments, but it can be done.


Get Your Finances in Order
When you have a business, you need to keep the business and personal finances separate.
When you have a hobby, you don’t normally keep things separate. With a business, it’s
imperative to keep the money organized so that you know what products are most profitable,
and the best places to market your business, plus whether you’re sticking to your budget or not.
You can use Go Daddy Bookkeeping, Quickbooks.com, or other software to keep track of your
finances mostly automatically.


Know What Want
You may only want a side business that brings in extra pocket money or offset your hobby
expensive. You may want a bigger business that will support your entire family. Anything is
possible, but you need to know for sure what you want out of your hobby turned business
venture. Know your own mind and if you’re not sure, try to be more introspective so that you can
learn more about yourself.


Write Down Every Way You Can Earn from Your Hobby
Don’t assume the only way to make money from your hobby is the product of it. After all, there
are hobbies that people like participating in that don’t produce a product like pottery, painting, or
other crafts. Your hobby might be organizing, or gardening, or flying model airplanes. Whatever
the hobby is, you can produce income from it, but you may have to think outside the box. You
may want to serve others who enjoy your hobby and not just customers who want to buy the
product, if one exists.


Be Realistic About Business Expectations
Turning your hobby into a business can seem great until you’re doing it and you end up not
looking as forward to your business as you thought you would. After all, as the old saying goes,
“Do something you love and you’ll never work a day in your life.” Then there is reality.
Sometimes that reality means that you now really dislike your hobby. Make sure that you’re
going to be okay doing it even when you’re tired of it.

Photo by Tima Miroshnichenko on Pexels.com


Don’t Quit Your Day Job Yet
Don’t get too excited, even after you finish the startup tasks that you need to do and quit your
job. Ensure that you have replaced your income or have a replacement of some kind so that you
don’t get into trouble trying to run your business due to a cash shortage. Set a budget that’s
based on reality so that you can stick to it.


Write a Business Plan
Your business plan can be just one page. It doesn’t have to be a large document. Nevertheless,
it is important that you write it down. Even if you’re the only one who will ever see it having a
plan written down that you can get up each day and follow will make all the difference in your
success turning your hobby into a viable business.


Understand the Legalities
During your research, while you’re writing a business plan, you’ll want to ensure that you
research the legalities. The worst thing that could happen is you spend a lot of time, money, and
effort starting a business that turns out to be illegal. Don’t waste your time. Do the needed
research.


Change Your Mindset
Now that you’re going to start a business, even though it’s a hobby right now, it’s time to change
your mindset to that of a business owner instead of a hobbyist. A business owner organizes,
plans, and implements their vision daily not just when they feel like doing it. This alone may be
the biggest adjustment.


Educate Yourself About Marketing
Every single business will be more successful if they understand the importance of marketing.
All aspects of marketing are important whether online, offline, content-based or paid advertising
based. The more you know about marketing, and the more you implement what you know about
marketing the more successful your business will be.


Consider Your Brand’s Voice and Value
When you’re developing your hobby into a business, think about how you want to brand your
business that makes the most sense. This will have to be decided after you determine how
you’ll earn money. Consistency is an important factor in everything you do.
Making money from your hobbies can be lucrative, but it can also be a huge transition to make.
Your hobby brings you great joy and relaxation to your life. You’ll need to consider whether it
still does this if you’re not doing it for fun any longer. More than likely if you earn enough money
any drawbacks will be minimal. However, going in with your eyes wide open will truly help you
succeed.


Now that you understand what to do to make your hobby a real business, it’s time to get started.
Start with research into the legalities of what you want to do so that you know what to expect
before you start anything.

Move toward making your business plan and finally implement the
chronological steps you create to reach those goals….

thanks chek for more go to sakkemoto.com

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