Make money from your hobby-Easy ways to start your own small business

HOW TO MAKE
MONEY FROM
YOUR HOBBY
E a s y W a y s t o S t a r t Y o u r
O w n S m a l l B u s i n e s s

 From a financial perspective, making money at
something you love simply makes good sense.
 Getting paid is the icing on the cake if you are
doing what you love.
 Making money through a hobby can help you
make the most of what you know and enable
the hobby to pay for itself as well. You can enjoy
it yourself for free, or very cheaply.
Introduction
http://EternalSpiralBooks.com
2

“I am a very lucky man. I am living my life with
my hobby as my profession.“ – Jim Sullivan
Choose a Hobby You Love
3

Choose a Hobby
Assess all of your options. What do you
enjoy? List them.
Think about all you know about the hobby-
what would others pay to learn about it?
Crafts-ramp up your production and make
more items to sell, especially as gifts.
Sell your skills. Do what you are good at
and love.
Look for opportunities large and small. Can
you make money online with your hobby?
4

“I do what I did as a hobby as a kid, you know, and
make a living at it. And I just feel like I’m one of the
luckiest guys in the world ’cuz I get paid to make
toys and play with them.”–Rick Baker
Hobby Ideas
5

Make the most of what you have
• Become a tour guide.
• Give a new perspective on an area through your personal tours.
• Establish yourself by charging less than the competition.
Boating
• Take people fishing on your boat.
• Provide them with the equipment.
• Charge hourly.
Fishing
• Paint people’s houses, inside and out, stenciling and more.
Painting gear
6

Arts and Crafts
• Design pieces and sell them.
Woodworking
• Develop a unique brand.
• Produce the things you love to make.
Knitting and Crochet
• Work with materials that interest you.
• Sell your jewelry creations online and off.
Jewelry Making
7

Online Activities
• Earn money helping others create websites & blogs.
Creating Websites
• Experiment with computer art software.
• Create dynamic art and sell it online.
Art Design
• Sell your photos online.
• There is a substantial market for stock photography.
Photography
8

Sell Related Products as an Affiliate
9
 Many hobbies require certain supplies.
 Make a list of those supplies.
 Find places online that sell them that have
affiliate programs.
 Amazon has one of the widest selections of
products in the world. Their products convert at
a very high rate.
 The more you sell, the more commission you
earn.

Make money passively
10
 Buy supplies through your account (NOT the same
one as your seller account) and you will get an
instant discount on everything you need to buy.
 Create top 10 lists, shopping lists and more to help
those new to the hobby, and cash in on items they
will all need to buy.
 Give these lists to clients, post them online and so
on
 Create them once, and your affiliate links will keep
on earning for you over and over again.

“It was just a hobby. I didn’t expect it to turn
into a business.” – Phil Katz
Starting Small
11

Start Small
Recognize that you are starting a small
business.
Limit your spending at first-don’t go wild in
anticipation of making more money.
Examine what tools you have and what
knowledge you possess.
Think of ways to translate what you have
and know into cash.
Give the enterprise 6 months to really get
up and running properly and proftably.
12

“It feels important to go to school;
not necessarily to further my education,
but more like a hobby.” – Mandy Moore
Save Receipts and Keep Records
13

Tax Deductible Costs
Marketing and advertising
Internet connection and subscriptions
Office supplies and postage
Phone
Travel, car, gas
Supplies, educational materials
New equipment
14

 Any costs incurred in performing the hobby are
tax- deductible if your hobby is a business.
 Keep accurate records of all incomes and costs.
 Save all receipts. The IRS will not accept credit
card statements only.
 Use a spreadsheet, file folders and a good
bookkeeper and accountant as needed.
 Consult an accountant or tax expert with any
questions you have.
 Your corporate entity, that is, sole proprietorship,
LLC and so on, will affect what is deductible.
15

“I have an expensive hobby; buying homes,
redoing them, tearing them down and building
them up the way they want to be built. I want to
be an architect.” – Sandra Bullock
Develop Your Skills
16

Develop your skills.
Find a mentor.
Join groups and clubs.
Watch videos online.
Read about your hobby.
17

Use everything you learn to earn
18
 Use everything you learn in order to earn more
money.
 Keep track of expenses.
 Create great teaching resources and sell them
online
 Use the resources for teaching and consulting
work as well.
 Remember, you don’t have to be an expert or
genius, you just have to be several steps and
skills ahead of your students.

“We’ve been doing this for 10 years and it’s
been a hobby for a lot longer than it’s been a
job.”
– John Campbell
Tap Into Your Creativity
19

Show off your own individual creativity.
Delve deep within yourself to come up with
unique and interesting ideas.
Do something special in order to highlight your
work and set it apart from the work of others.
Show off your efforts and abilities by making
your skill into something more interesting.
20
Cash for Your Creativity

“Making money is a hobby that will complement
any other hobbies you have, beautifully.”
–Scott Alexander
Perfect Your Skills
21

Practice and improve your skills and
abilities.
Become a resident expert. Learn the most
important things there are is to know.
Present seminars in your local area, share
what you do, enjoy back of the room sales.
Teach other people, instructing them on
your craft, to develop a reputation.
22
Perfect Your Skills

“Life’s a hobby.” – Joshua Lederberg
Set Your Prices
23

 Look at how other people are pricing similarly
designed services and goods.
 Consider how much time is expended for the
production of you products or services.
 Be meticulous in all aspects of your record-
keeping. Know what everything costs.
 Keep prices low at first to get more business
when you first start out.
 Adjust prices later as needed.
24
Set Your Prices

“Golf isn’t just my business, it’s my hobby.”
– Lee Trevino
Market Your Abilities
25

Market Your Abilities
Develop simple marketing materials.
Use the internet for marketing.
Establish a presence within the community.
Join up with the local Chamber of Commerce to meet other business
owners.
Display your work at fairs, trade shows and conferences.
Made contacts in the media.
Get to know other business owners.
Network regularly through LinkedIn.
26

Offer Excellent Customer Service
27

Excellent Customer Service
• Be approachable to prospective customers.
• Listen actively to people who contact you.
• Apply the knowledge gained from customers to your
business.
• Return all calls and e-mails promptly.
• Guarantee all goods and services you produce.
28

Summary
 You can make money from your hobby if you establish a
business mindset.
 If you enjoy practicing your craft, you could turn it into a
successful small home-based business.
 Select a hobby or skill you love.
 Think of ways to transform what you have, do, know, into
a saleable skills set or inventory of item you can sell
online or in the real world
 Use your knowledge for coaching, consulting, and other
information-based products and services, to teach
beginners all you know and help them enjoy the hobby too
 Buy and sell hobby-related supplies as an affiliate
29

Final Thoughts30
“Today is life - the only life you are sure of. Make the most
of today. Get interested in something. Shake yourself
awake. Develop a hobby. Let the winds of enthusiasm
sweep through you. Live today with gusto.”
– Dale Carnegie
To your success!

Make money from your hobby-Easy ways to start your own small business

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