How To Turn Your Hobby Into A Business
We all enjoy different things in life and how many people do you know that enjoy some things you do? There are things that I enjoy, that I know a lot of people also do. One thing that I have noticed is how someone can take a hobby and turn it into a business.
What is something you enjoy doing? Where do you get your supplies or information from?
A couple of things I like to do is throw darts or go bowling. When you look at everything associated with these two hobbies, how many ways can you think to make money from just these?
There are thousands of ways to turn your hobby into a business as we will discuss.
How To Start
- The first thing you want to do is make a list of your hobbies and your other interest. At this point, don’t try to think of what might be good for a business or how to make money, simply make the list of several of them. The more you can come up with, the more opportunities you will have to pick from.
- Look at your list and number the list in order of what you are most passionate about. Number your list with your greatest interest being number 1, next 2, and so on.
- Look at your top three. This is where we will start to think about how to turn your interest into a business. Take your number one interests and write it down, under it write down anything you can think of such as:
- Why are you interested in this?
- How did you get started?
- Who else do you know shares this interest with you?
- Where do you get your supplies or can find information about this?
- Anything else you can think of.
- On a separate sheet of paper, write down this information for your second and third choices.
Research Your Interests
After you have written out the information on your top three interests, it’s time to research them.
If you get your supplies, equipment, or information online, go to your favorite sites. Notice what is on those sites.
Let’s take my interest in darts as an example. When I pull up my favorite site what do I see:
- Equipment – darts, boards, shafts, flights, clothing, cases, etc…
- Information – books, articles, stories, videos. All covering different techniques, tips, suggestions, on how to be better at darts, and the best equipment to use.
If you don’t have a favorite site, just google your interests and look at one of the sites, you will see the same type of information on them.
Under each of your top three interests, make a list of some things you find on the sites you look at.
Comparing Your Interests
Now that you have gathered some initial information on each of your interests, let’s compare them.
To compare your interests, answer the following questions:
- Are they mainly product or information-driven? They can be both, but will usually lean to one or the other.
- How much do you know about this interest?
- Are there plenty of sources of information? Where are they?
- How long have you been interested in this and how long have you been doing this?
- What type of products can you promote?
These are just some basic questions you want to think about and write down for your top three interests.
After you have compared them, let’s evaluate which to start with.
Evaluating Your Interests
Depending on your answers to these questions, will determine which one of your interests you will use. It will be easiest for you to pick the one that you know the most about and have some resources to gather additional information.
It is OK if there is some competition, this means that someone is already making money in this field, which is a good sign.
Be careful not to pick something too broad like sports. A better choice would be to pick one sport such as baseball or pick a common aspect like clothing. You can build a business around either of these and there is plenty of interest, but plenty of competition as well.
If I were to evaluate my interest in bowling, there are a lot of products and information I can promote. Unfortunately, the one item that you need to bowl is a ball. In my opinion, this could be difficult to ship and to most bowlers, selecting the right ball can be a personal experience. They want to feel it before they buy. It’s like trying on a different brand of shoes, they all feel differently on your feet.
How To Stand Out
Think about what will make your business stand out.
- Do you have specialized knowledge people need?
- Do you provide unique products people want?
If you can answer yes to either of these, then it will be easier for you to stand out.
If your answer is no, then you will need to find some way to make yourself different from the rest. Some ways include price, knowledge, specials, bonuses, etc…. Don’t try everything at once, try one way, and if it is working, stick with it.
Your Online Business
The next step is to build your website. You can pay someone hundreds of dollars to set one up or you can do it yourself for free. After a few short free lessons, you can set one up. Took me about an hour to learn to set my first one up.
I learned through Wealthy Affiliate. You can take 10 lessons for free, this is enough to get your site up and running. You can test out a free site and go from there. Click here to find out more.
Check out my other articles on getting started:
- How to Build Your Own Website for Free – The Easy Way
- How to write content for a website – why is it important?
- How to have fun marketing your site – for FREE
- How to do keyword research for search engine optimization – see how valuable a tool like Jaaxy is
- Why is SEO important for your online success?
These are just some of my articles that can help you get started.
As you can see, turning your hobby into a business can be simple and fun to do. I have found when I am interested in something, it is much easier to spend time doing it.
Be sure to check out my article on Wealthy Affiliate, they have been a great resource for me.
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