The best businesses are always the ones that start out as just a passion. It’s being able to turn your passion into a business that unlocks the potential for you to have your dream job.
I mean, we all would love to making a living by doing the things we love, and not by doing something we hate which leaves our passion on the back burner, right?
Some people want to be able to start making money from their passion, but it can be quite hard sometimes for people to come up with a great way to link the two. I’ve jotted down 7 of the best ways to begin earning from what you love, and there’s a good range to suit everyone.
In some cases, making money requires getting personal loans to foot the upfront costs. Just make sure you don’t borrow more than you can easily pay back once the cash starts flowing.
There’s a good reason as to why there’s more than 241 million blogs existing as of 2014. Don’t get me wrong, a lot of these blogs will have just been set up by people looking to earn a quick buck, but this certainly isn’t the case for all of them.
People passionate about a certain subject, whether it may be art, sport, gaming, business and so on, love to just share their knowledge or write their opinions down for any who is interested to read.
These blogs can make money from placing ads and banners on them, as long as they have visitors! If you’re into expressing your opinion or giving the gift of knowledge to others, consider creating a blog. You can get started with a WordPress or Tumbler one and get set up within minutes.
2. YouTube Videos
YouTube videos can be created regardless of what your passion is. You can turn literally anything into a video. So get creative, do something funny or stupid, help teach others useful info, product reviews and so on.
Videos on YouTube make money from Google Adsense ads being placed on them. It may take a little while to get going, but once you’ve started posting quite a few your audience should build.
eBooks are a great way of making money by teaching people stuff. Plus, they sell for so much more than regular books and actually take far less time to write.
I’m sure you’ve all seen the typical white sales pages people write with the clever bold headlines and various highlighting, images of proof and what not, advertising their latest amazing eBook. Some of these people are making 6 figures yearly from these eBooks of theirs.
When it comes to turning your passion into a great profitable eBook, a good example that I’ve seen is when bodybuilders and personal trainers create fitness eBooks. Of course, you could apply the same techniques to any subject you want.
4. eCommerce Stores
Whatever your hobby may be, if it can include a product that you are able to make or buy wholesale, you could create an online store to sell the things in question. For example if you really like video gaming, you could try and source brand new video games at a good price to resell.
You could even buy second hand collections of them from various places and sell them on.
Have you ever heard of ‘CEX’ or ‘WeBuy.com’? This company came up with the genius idea to only sell stuff that was second hand: Video games, DVD’s, consoles etc. That way they can source all the products very easily and for low prices and then put a nice mark up on them.
All you need to get started with an eCommerce store is to find a website that offers the easy templates and design for you to use, a viable payment method set up and some products to sell. The best part about selling things to do with your hobby is that you’ll be so much more interested in it than just ‘making money’.
5. Offering Services
If what you love is something that you’re able to carry out for other people, then why not charge for it. If you love cars and mechanics, then start your own mechanic service/garage.
Services are an excellent way to start making money. You might have to have the various equipment at first in order to be able to carry it out, although if it’s something you love doing anyway then you’ll probably have most of the stuff you need.
6. Open a Shop
Opening your own store has become a lot harder than it used to be, what with a lot of the big stores actually having to close down due to the internet. However, it still produces successful businesses, so instead of having an eCommerce store, you can open a physical store somewhere.
This will definitely require a lot more planning than an online store though, what with the rental, decoration and utility fees.
7. Teaching Classes
If you’re a bit of an expert on the subject at hand, why not teach classes on it. It could be somewhere local that allows you to do so, and you can charge a fee per person for each session, or you could host online seminars that do the same job, and that way people will pay you online for them.
Again, there’s no limit on what you could teach, but if it’s something that you feel other people will be interested in learning and be happy to pay for, then why not give it a go. It could be a nice part time or even full time earner.