Business hack: turn your little hobby into a profitable business

“Find what you love and let it kill you,” Charles Bukowski once wrote. They’re profound words, often quoted to convince people to pursue their true passions and never give up until they succeed at them. But Confucius probably put it more eloquently (and less morbidly) when he said “choose a job you love and you’ll never have to work a day in your life.” That’s the dream, isn’t it? To get filthy rich by doing something you genuinely enjoy everyday. The mistake many people make is thinking that this is a privilege reserved only for rock stars and race car drivers. In reality, anyone anywhere can turn their hobby into a business with a little creative thinking.

Perfect the art of the side hustle

Chances are that you already have a stable job and you use your hobby to fill up the spare time you have in the evenings and over the weekend. If you’re trying to parlay your hobby into a profitable venture, you’re going to have to perfect the art of having two jobs for a little while, perhaps even for good. A few dos and don’ts: do check with your employer first, do pick up a few fundamentals of business and accounting, and do keep an open mind and be patient. However, don’t start your side gig without a clear and comprehensive plan, don’t expect overnight success and riches, and don’t use company time and resources to push your side hustle forward.

If you can’t do, teach

For whatever reason, it might not be possible for you to make money directly from your hobby, but you could teach it as a skill and make money that way. If you can’t become a chef, start a small cooking class instead. If the odds of you becoming the next Pavarotti are too slim for you, teach opera lessons to those who still have the luxury of going for it. There are a few avenues for you to make money from teaching a skill; you could do it through an existing institution, all on your own, or even online as webinar. Find whatever system works best for you while still yielding return on investment and growth.

And don’t forget to stand out

This is perhaps the hard part of pursuing a hobby as a career. Placing financial expectation on something you used to do for fulfillment does have the potential to take the love you have for that hobby away. It’s difficult to keep a whole restaurant afloat and competitive when you used to cook for the joy of it, but it isn’t impossible. Pushing yourself to get better at something you genuinely enjoy doesn’t have to feel like a chore. If your heart is still in it, complacency won’t be an issue. You’ll always want to approach your hobby with a wild and creative mind, and that freedom, even on its own, is enough to set you apart from everyone else still approaching it like a job.

But another thing that can set you apart is having the confidence to close any sale. With an mPOS card reader, you can accept card payments at the end of every knitting class from the comfort of your living room. Contact us for more information and give your hobby the boost it needs to become a bona fide business.