How to make your hobby a small business?. Amateurs often daydream about turning their hobby into money, but most just do it, dreaming about it. It may be you are the exception that does not just dream. Just keep in mind that when your hobby becomes the way you make money, you will have to:
- Keeping it going even if you are deleted is not in the mood for it
- Meet deadlines
- Change your attitude from loving a hobby to earning a living from it
If these topics do not scare you, then we can take a look at how to proceed from here.
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Look at your competition to make your hobby a small business
Do you know at all about someone who has succeeded in selling the product/hobby you offer? Is your talent for doing this better than yours?
Let’s say your hobby is to show dogs at dog shows. Maybe you have even shown some of your dogs to become champions. And let’s say that others have noticed the way you perform your tasks, and given both you and your dogs compliments on how professional you are. Maybe some of your friends have asked you to show their dogs to them, and you have shown them to champions as well.
Of course, you want to think about earning a living this way, on the hobby you love so much. And on top of that, you might get away with boring long days in the office in front of the computer five days a week.
Find out what conditions the professionals work under:
- How much do they get paid
- How often do they need to participate in dog shows
- Whether they keep the dogs between the different shows
- What kind of transport they use
- How far they have to travel
- How they market themselves
- What they like, and at least as important, what they do not like at work
Take the next step to make your hobby a small business
If after still getting answers to all these questions, you still want to make a living from your hobby, it’s time to make some decisions.
- Find a name for your business – something that is easy to remember and reflects the activity or product you offer. And then, you start small and set up a small website for a small store, to begin with.
- Register the company name and front yourself in the local community, and if necessary get the licenses and permits you need.
- Your goals:
- Make a limited list of the expenses you have in your new company.
- Decide on the price you want to charge for the item or service you provide.
- Decide how much income you need from your new business before you can completely quit your job.
- Find out who your target audience is. Read How to define your target audience to help you with this.
- Plan and find out how you want to reach your audience.
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Make yourself a brand
And Make a brand of your service or product.
- Make some business cards and start handing them out wherever you go.
- Create a professional online presence on your SimpleSite. Use this page for:
- View photos from your development from hobby to lifestyle
- Write posts that can help others on your blog
- Make yourself a person to go to for help and advice on this topic.
- Use social media for what they are worth, to make it known to everyone that you have started for yourself. You probably already have a private Facebook account, but now is the time to create a business page.
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