Manage Your Life

Thursday, November 26, 2009

How to Start Making Money Doing Something You LOVE!

We spend a large majority of our lives working at our jobs. Considering that much of our time is spent working, shouldn't we make sure that our jobs are something that we actually enjoy doing? Sure, there will be times that even jobs we love become stressful, but it is safe to say that most people don't consider their jobs enjoyable. Here are some tips for making money doing something you love:

1. Write down your hobbies.
Hobbies are things that we voluntarily do in our free time, so this is a great place to start. We must really love something to do it regularly without being paid or asked to do it. Think about it. No one pays us to do our hobbies. In fact, we usually spend money on hobbies. Scrapbooking, tennis, skiing, and golf are just a few common hobbies that you can easily sink money into. We are also usually naturally good at our hobbies (that's why we are drawn to them in the first place). So, what if you could actually make money from doing your favorite hobby?

2. List every possible job associated with that hobby.
If your hobby is tennis you might list being an instructor, managing a tennis club, getting into sales with an athletic company, or simply teaching a few lessons to kids on the weekends. Maybe you love to scrapbook and you can start selling supplies at home parties (while making a few extra bucks and getting a hefty discount on things you would buy anyway). If your hobby is reading, then your possible jobs may be writing, editing, copywriting, or proofreading reports and resumes. Better yet, combine two hobbies. If your hobbies include both writing and tennis, you may want to write for a tennis magazine. Really think outside the box and list any job you can think of, no matter how out of reach you think it may be.

3. Pick several of your favorite job ideas and research.
Look for some job opportunities in your area and list the qualifications. You may be surprised at the jobs that you are qualified for. For example, you may know how to sew and operate most any type of sewing machine blindfolded. A sewing machine company may rather have someone like you, who has experience with their product, to demonstrate it at trade shows than to have someone who has a sales background (but no sewing experience).

4. Start small.
If you can't find a job doing something you love right away, start a side gig at home. In addition to your regular full-time job, you can work on a part-time hobby job for a few hours on nights and weekends. You may be surprised at how fast your business grows. If you love to bake, you could take orders for cakes on the weekend. Maybe knitting sweaters or quilting is your thing, and you can take a few orders a month. Making even a few extra bucks from your hobby each month will at least give you money to put towards your craft, and will get you well on your way to turning your passion into prosperity!

Brandi Hamrick
www.soulsuccess.net GET MY FREE E-ZINE

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Comments 1-9 of 9
  • ArmineN's Avatar
    Posted by ArmineN Wed Sep 30, 2009 1:49am PDT

    brandy thanks i love this business http://www.drop3sizes.com/thinandnow

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  • Ingrid's Avatar
    Posted by Ingrid Wed Sep 30, 2009 10:27am PDT

    Great ideas! Thanks.

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  • asheeka's Avatar
    Posted by asheeka Fri Oct 2, 2009 5:35am PDT

    i want to start trading from other countries. like Suriname for phones, clothes, etc.

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  • Al's Avatar
    Posted by Al Fri Oct 2, 2009 6:16am PDT

    good idea!!!!!!!!!!!!!!!!!!!!!!!!!!

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  • Brandi-YOU GROW GIRL!'s Avatar
    Posted by Brandi-YOU GROW GIRL! Fri Oct 2, 2009 8:59am PDT

    Thanks guys, good luck to you all in pursuit of your passions! :)

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  • twiggymolly's Avatar
    Posted by twiggymolly Fri Oct 2, 2009 9:20am PDT

    Thank you for the article! I am someone who turned her hobby into a thriving handmade jewelry business! It can be done- be prepared for more than your average 40 hours of work a week though.

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  • Brandi-YOU GROW GIRL!'s Avatar
    Posted by Brandi-YOU GROW GIRL! Sun Oct 4, 2009 2:02pm PDT

    Congratulations twiggy!!!! Thanks for sharing with us! It is true, that you may have to work a few more hours (at least initially), but to me, when you are doing something you love it doesn't feel like work, so it's well worth it!

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  • Mandy's Avatar
    Posted by Mandy Thu Oct 8, 2009 11:04am PDT

    I've always been interested in starting my own business, but I don't know how to determine what I would charge for my product. I have made some comparisons and have done some research, but you know, with all the time it takes to painstakingly hand-craft something, by the time you factor in the cost of materials and the hours you spent creating... your profit ends up being less than minumum wage.

    For now, I have limited myself to friends and family, and I do my work only for the cost of materials... just so I can build my portfolio and show people what I can do.

    Oh, I suppose I should mention what I do! I make handmade wedding invitations and embellished favor tags.

    I wish I knew how to make this a more lucrative opportunity.

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  • Michelle's Avatar
    Posted by Michelle Mon Oct 26, 2009 12:16pm PDT

    Mandy,

    Quit giving it away for free! That's one of the hardest habits to break that wannabe entrepreneurs start. I hope in your case, you tell your friends and family, that although you are charging for materials, that your labor is your "wedding present" or gift to the bridal couple.

    The experience you are gaining will allow you to know how long it takes you to produce certain items, do not undervalue yourself and charge less per hour just because it takes you a long time to produce a one of a kind product.

    Those items that are so unique may only be available financially to a very select few, but do you want to grow to hate what you are doing because you cannot make money at it? That is what is likely to happen if you do not charge enough.

    Also find out what other people who are doing what you want to do charge for their product, tell them why you want to know (most people love to give advice) and ask them how they arrived at the prices they charge... make sure you talk with both genders for a balanced perspective on how to value your product.

    With time, perhaps you will find ways to save time on various steps in your business, or certain steps or processes that you can sub-contract out to someone else, or less expensive sources for your materials, but in the meantime, from my own experience, you must be willing to charge for your time, it's valuable, and if you don't value, no one else will either!

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