By James Kupe
Are you one of those people who would really love to earn a living doing something you love? If you are serious about turning one of your hobbies into a business, here’s what many have found to be the top 3 ways of accomplishing just that.
Option 1 – Sell Things You Make Or Buy Cheaply At Fairs And Markets
This is a popular option as you will see if you visit one of the thousands of markets and fairs held every weekend all over the country.
The good part about promoting your products at a market or fair is that if you select one that has a history of merchant’s selling products similar to yours, you’ll probably have a steady stream of interested customers walking through your booth throughout the day.
The disadvantage of these types of events is that many markets draw in people trying to find deals, so people will try to bargain with you all day, which can get old pretty quickly if you aren’t used to doing it, or if it’s not fun for you.
Option 2 – Use eBay To Sell Products Related To Your Hobby
Hundreds of individuals all over the globe earn regular profits from their hobby by selling related products and how-to information on eBay. The good thing about eBay is that you have a worldwide marketplace for your items and they have millions of potential customers logging on to their website every day. Plus, it doesn’t matter how strange or unique your items are, there’s bound to be somebody interested in purchasing from you.
The bad thing about eBay is that you need to keep creating brand-new auctions all the time (although you may be able to automate this), you have to physically ship your items, organize payments, follow up and generally make certain your business keeps selling to keep the money coming in.
Option 3 – Build A Website Around Your Hobby
The benefit of this approach is that when you’ve finished building your website, your business could be almost hands off. You can still do most of the work if you want to, or if you have the money, you an outsource a lot of the grunt work to other people quite inexpensively. The disadvantage of a website advertising items associated with your hobby is that many sites don’t manage to draw in enough site visitors to make a profit.
It can be quite heart breaking to spend the time and money building an online business, then never seeing enough visitors to make it pay. You’ll need to do a bit of study and work out how you are going to attract customers to your online store, but once you know how to do that, you’ll be off and running.
Many hobby sites are monetized with Adsense, but Adsense checks are usually a fraction of what they could be. Read our Adsense Supremacy Review to see how to get bigger checks. And this article on creating a sales funnel will help you to generate more income from your hobby site.
