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Monetise your hobby to earn extra money

Monetise your hobby to earn extra money

IT is quite customary that during our lifetime we often pursue many interests/activities/ hobbies which we undertake not out of any compulsion as such but due to our keen interest in doing so. After all, why do we undertake such activities?

This is so because we love to do it. Moreover, carrying out such activities acts as a mood refresher or morale booster and even reduces stress in our day-to-day life. Human beings in general are known for having a multifaceted personality.

On one side someone may be a high profile executive, while on other hand he/she may be a good singer or a writer. In our limited circle you must have come across many people who though are not professional singers as such but given a choice they are equally good at, when things come to singing a song of their choice.

We often call such people as ‘bathroom singers’, because they pursue their singing interests quite secretively and on non-commercial terms. In our society there are people whom we often term as not so big achievers or successful in profession or business they pursue, however some of these people possess extraordinary skills on certain other unrelated parameters of their personality like cooking, gardening, music, writing, playing cricket or football etc.

In modern terminology such activities/interests are termed as ‘hobbies’. Thus it goes without saying that many of us have hobbies we are passionate about, as it gives us immense pleasure in pursuing them. Some of us may be practising our hobbies from years together and must have invested into them, not only in terms of time but even money.

Don’t underestimate your ability, as it is easy to discount your abilities. When you truly love something, your prolonged experience can give you skills and knowledge that you don’t appreciate. But have you ever thought of making some additional money out of your hobbies?

For many of us the answer to this question would be an emphatic NO! So wouldn’t it be great if our hobbies can earn us some money? There is nothing unethical about it, if you decide to make some money out of your own interests/hobbies.

Whether you knit, or write, or make photographs, or grow a vegetable garden, or tinker with cars, or build web sites, or collect ancient coins — you can surely make money from your hobby. I’m not saying that it’s possible to get rich by playing a violin at weddings, or by weaving baskets from pine needles.

But earning some extra money from a hobby is a nice way to get paid for doing something which you would anyhow do. If you’re interested in making money from a hobby but don’t know where to start, think outside the box.

What skills do you have that others don’t? Find something that you can do while most others cannot, something for which other people might be willing to pay. Pursue something you’re passionate about. Choose a hobby that you enjoy, and find a way to make money from it.

Don’t make the mistake of choosing a hobby simply because it might make money and then dive into it with that aim in mind. You should be doing this hobby because you love it; any side-income should be secondary. There’s no shame in mentioning your money-making hobby to friends, family, and neighbours. You needn’t be pushy about it.

Just mention it at natural points in the conversation. Marketing can be subtle, but it’s an absolute necessity if you hope to earn money from your hobby. People need to know you’re available before they can decide to hire you.

But you need to hone your skills and the only way to do it is by way of - practice, practice, and practice! The more time and energy you’re willing to devote to your hobby, the better you will become at it. The better you become, the more likely that you’ll be able to earn money from it.

But is it really worthwhile for an ordinary person to waste so much of time and energy to find ways and means to make money out of one’s hobby? Remember: the wealth equation has two sides. You accumulate wealth by reducing expenses and/or by increasing income.

Often we focus only on our careers or business when it comes to ‘increasing income’, but there are many other viable ways to make additional money. If someone is good at cooking, one can take orders for arranging neighbourhood parties/marriages.

If your interest is into music or singing then you can join a music band or can occasionally sing at a nearby club or restaurant. Thus there are many ways through which we can generate some extra income. Many people are already making a living from their hobbies.

Just imagine the freedom to work when you want to and to have extra time with your family, the money you need for those little extras like nice holidays and cars. This all really can happen.

Like I said before, it does take a little work but if you have an interest that you already love then it doesn’t seem like work at all and in a few short months you could be bringing in an extra income and in no time at all it could be working for yourself.

However, before I close let me share with you a famous quote befitting the subject: “the biggest mistake people make in life is not making a living at doing what they most enjoy”.

Hope you are not the one who has made such a mistake in your life.

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