Life Style

How a student can make money with a hobby

If you will find out how to make money from your hobby, you will turn your life into a pleasure. In any case, it will be significantly more, because now you do not have to be distracted from your favorite activity to solving problems that are interesting to anyone else, but not to you.

However, there are hidden dangers of this seemingly flawless idea. Let’s see what they are and how, after all, to make money on your favorite activity.

When a hobby becomes a job: features 

As long as the hobby is just an innocent hobby, everything is fun about it. And how else could it be, because it is about love. For the hobby we do not get up at 6 in the morning, not working until exhaustion, and there is no boss who gives instructions and punishes. We do what we love in our free time, so we take it as a leisure activity.

If you will find out how to make money from your hobby, you will turn your life into a pleasure. In any case, it will be significantly more, because now you do not have to be distracted from your favorite activity to solving problems that are interesting to anyone else, but not to you.

However, there are hidden dangers of this seemingly flawless idea. Let’s see what they are and how, after all, to make money on your favorite activity.

Once a hobby becomes a way to make money, your attitude toward it can change quite quickly.

For example, your hobby is fitness. You enjoy working out and perfecting your body, and at some point, it occurs to you that it would be a good idea to make sports your profession. For example, to become a coach. The idea is great, you do not see any obstacles and get a job in (oh, lucky!) the coolest fitness club in town. And what do you face?

  • The work schedule. Now you are tied to it, and skipping classes because of a headache or bad mood is not possible.
  • Demanding management. They have the right to set their conditions, and you are obliged to carry them out without wanting to.
  • Customers. Not everyone will be friendly to you. Get ready for the fact that there will always be disgruntled grumblers.

The same list can be made for any other activity that you turn into a job. All this will be accompanied by one unfortunate circumstance: you will have responsibilities and accountability. Knitting warm socks to yourself is not the same as doing it for a customer.

However, the responsibilities of a job you love are better than those of a job you hate. If you like what you do, you will love your responsibilities, seeing them as a concomitant circumstance rather than an annoying nuisance.

How to make money from a hobby

To start earning money from your hobby, it is important to consider all the features of your favorite activity:

  • What can be the object of sale? Information, a skill, a product, a work of art, or a performance.
  • What constitutes an expense part? In other words, do you need a material investment?
  • Who is your customer? It’s very important to determine your target audience.
  • What is the best platform to sell this service or product? Now, most of the offers come through the Internet, but there are exceptions.
  • What kind of earnings will the work bring? With an inept approach, the costs can exceed the income. In that case, it is better to do what you love at your leisure.

Let’s consider each point in detail.

The object of sale

  • If the hobby you’re going to earn from is writing birthday poems, the object of sale is information. This also includes the services of copywriters, writers, screenwriters, and public speakers.
  • The work of a teacher or trainer involves the sale of knowledge and skills.
  • A product for sale can be anything from Christmas gingerbread cookies to wigs.
  • Artwork can also be for sale, but keep in mind that it is a special product that requires a special attitude.
  • If you’ve been singing or dancing, juggling fireballs, or doing triple somersaults since you were a kid, you can monetize those skills by turning them into various performances, as well.

Expendable part

It might seem that there is an expense part is only when you sell products. However, there isn’t. Even if the object of sale is information or skill, investments are also needed. At least you’ll have to spend on advertising.

If the service is sold through social networks, the promotion of the profile may not be cheap. First, you need beautiful unique photographs, which costs money. Secondly, promotion. Thirdly, the more active business will develop, the more investments it will require, and sometimes quite unexpected for you.For a student, this can be decisive, because as a rule, students are not rich, and they always have a lot of expenses. Starting with housing expenses, and ending with the buying a college essay.

Clients

It is important to identify the target audience. Specify age, gender, and characteristics.

Based on the portrait of the potential client you will need to choose the platform for advertising and sales, the type of advertising message, and many other things.

The platform

If customers are mostly people over 50, then Instagram as a platform for advertising and sales is definitely not suitable. You need to look for other ways.

But most likely your service will be aimed at a young audience, so social networks – the best option.

There are other sites for the sale of services: for example, special sites for tutors. If the hobby is related to sports and training, you can get a job as a trainer in a fitness center, which will eliminate the need for advertising and promotion.

Earnings

Take a piece of paper and a calculator. Take into account every penny that will be spent for the benefit of your business.

If the activity involves a fixed fee, make sure that it is not less than the amount spent. If you set your own price for a product or service, determine the cost so that you won’t be at a disadvantage.

If, after going through all these steps, you suddenly realized that it is not worth it, let a hobby is better to remain a pleasant outlet. But if in the process of making a plan feel the excitement and enthusiasm – bravely move forward!

 

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