We’ve all got hobbies or things we enjoy doing in our spare time because we find them enjoyable or rewarding. While we don’t generally pursue hobbies to make money, some of them can provide a substantial stream of income if done right. Depending on the hobby, you can start a profitable business all by doing something you might’ve done anyway.
Here are 5 ways you can turn a hobby into a full-fledged business or at least make some money out of something that you enjoy doing!
- Start an online store
Sites like Shopify and Etsy make it super easy to start an online business and reach millions of potential customers worldwide.
You can start a dropshipping store, design and sell your own clothes or market your artwork or DIY crafts. Make sure you have something special that no one else has and it’s as easy as signing up to a website that lets you sell your handmade items. Thousands of people have used sites like Etsy to become successful online business owners simply by sharing their unique items with the world.
2. Become an influencer
Social media continues to grow and present new opportunities for people looking to make an income.
Launching your online presence and building up a loyal online following can bring everything from the occasional sponsored posts to you becoming a brand ambassador. Today’s influencers are earning a living simply from showing off their lives or talking about their favorite hobbies while endorsing a company’s product or services on social media sites like Facebook and Instagram.
- Learn About Odds Managers & Sports Betting Strategy
Every article may mention casinos or sports betting as a way to make money. However, there are no casino games that will let you consistently win unless you can card count which is virtually impossible to pull off on a blackjack table anyway. There is always poker if you are a card shark. Yet, you can also start your own online bookmakers or sports betting blog and make money from this.
Sports betting exchanges online allow you to manage odds on events or games yourself. You can learn the business, understand how to set margins, and make a profit. Most sports exchange businesses online use an odds comparison tool to see the odds sportsbooks are offering. In fact, odds comparison tools, also known as odds managers, are used by sports bettors to compare which site offers the best odds on the sports, events, and markets they commonly bet on!
Become a content writing
Writing and publishing material online has the potential to offer you a steady stream of income outside of it being a mere hobby.
You can begin a blog where you share your own ideas and generate an income by using Google AdSense or providing ad space for other online businesses. Another great way to make money by writing is by selling your writing services online. Freelancing sites like Upwork and Fiverr offer people paid gigs to write good content on a whole range of topics.
Turn your fitness into a career
Fitness fanatics can get paid simply by doing what they already love to do. You can become a personal trainer or develop an online presence surrounding your own fitness journey to help inspire others.
The health and fitness industry is an incredibly lucrative one, that has a number of professions for fitness lovers to pursue. Take British designers Ruben O’Brien and Oliver Maloney for example. They were able to launch an incredibly successful fitness brand called Vanquish Fitness. They combined their love of fitness and fashion to create stylish clothing that can be worn in the gym as well as on the street.
The best way to turn a hobby into a business is to begin by asking yourself what you’re good at. You never know, you can turn something you already do into something so much more.