Hey guy! How are you today?
Today is a great day to talk about your hobby that will generate you income. Walla! Surprise? Not anymore my friends. Why? Many have done it and become successful. So why aren’t we do it also? Because I do not know how, because it is impossible, because I am not capable, because I do not know where to starts….and the excuses can go on and on, and on and on.
It is all in our mind. Many of us have hobbies, either to distress, cultivate personal creativity or both. Wouldn’t it be nice to up the ante and make money from your favourite pastime?
Fortunately, nowadays the internet has opened up myriad channels to reach customers, and many of these online portals are free or levy minimum rates. The best people to talk about your hobby are those who have done it. May I ask you a question? Are you a collector? Do you like to cook? Does you have any skills? Are you expert in something? If you are passionate about your area of interest, chances are, you have been actively practising or learning about it. Why not get paid to pass on that knowledge? There you go now you starts to see things huh! then pay me..ahaha..just kidding.
Ok now…What do Oprah Winfrey, Tiger Woods and the late Steve Jobs have in common? Besides their substantial net worth, they are known for making a name for themselves by “following the passion”. And what better way to do what you love than turning your hobby into full-fledged business?
Many people start their businesses from something they enjoy doing as a pastime, says Maresa Ng, a business coach at ActionCOACH, an international business and executive coaching firm. “Some people enjoy arranging flowers and decide to starts a florist shop. Others like cooking and go into catering, like Chef Wan. I love speaking and mentoring people. So I decided to coach business owners,” say Ng a former banker.
Warning guys! Here’s the bad news. When you transform your hobby into a business, it is no longer your hobby. Then you have to work hard as other business people are doing, put more effort, put more time into it, and actually the amount of money you make has a direct correlation with the amount of time invested.
Here are two critical questions to ask before taking the next step. Be honest. The answers can either push you into starting a business or keeping your hobby as pastime.
- Are You Good Enough? While it is an important ingredient, passion alone is not enough to ensure success. Even if you are a good cook, running a business and cooking are two different things. You need to be passionate about being in business, and not just be passionate about what you are doing.
- Can You Afford it? You have to have sufficient funds before you start the business like any other businesses.
So my next question is Are You Ready? Share your thoughts with me here.