I would like to start of my post with a quote familiar to most of us “Life is too short, live to the fullest”. Even though we understand the meaning behind it, only few people take actions to live a happy and fulfilling life. How many of you are actually working in your dream jobs, satisfied with your work environment, your bosses or your salary?
I can confidently tell you, only a tiny fraction of people are happy with what they are doing while the rest are literally carrying themselves to work everyday.
Wouldn’t it be great if you can make money from doing something you are passionate about, like a hobby. Of course it would but is it possible?
Don’t worry, because today I am going to share with you how to turn your hobby into a business itself. I will be also sharing with you my personal experience on how I managed to generate a full time income from it.
Before I move on, if you have any negative thoughts like” I don’t think I can succeed” or “I don’t know how to start a business”, please erase them from you mind.
Leave no room for negative thoughts if you want to succeed, if I can do it… so can you!
Ugly Truth about Business…
Of course you would have heard people saying you can start a small business with as little as just $100. However, having come across many successful people, I can say that most of these guys actually failed several times before they bounce back.
The fact is, not many of us have the capital and willpower to keep pushing forward every time we fall. One mistake why businesses always fail is, they really have high hopes from the start. When things don’t work out their way, the only option that will appear on top of our head is to QUIT.
Personally, I always wanted to start my own business because I love the freedom of it. Like many other, I don’t like working under somebody and the salary is very little to live a enjoyable life.
I wasn’t thinking about starting those small businesses like cart shops, I had Big dreams… to run my own hotel. However, to set up my own hotel I have to invest millions of dollars and I don’t even have a small fraction of it, which made me very disappointed.
Ironically, I wasn’t just ready to throw in the towel. I continued doing research on the internet and also borrowed several library books.
Then I came across this… my life changed completely…
Go where the money is…
So want to know what inspired changes in my life?
Starting an Online business! Yea, you heard me right. When I was searching high and low for ideas of starting a business, I “accidentally” came across the term online business.
Online business was the key to my success. To start an online business, you do not need much capital at all but it still varies on what type of business you are doing.
I soon realised that there is a whole potential to make money from online business compared to offline business. There are over 2 billion of internet users and these numbers are rising day by day. And over millions of dollars are being spend over the internet everyday.
Just imagine, setting up a business and targeting a small fraction of these people can actually feed you for life.
As for offline business, you are only targeting a small group of people within your country but there is no limit for online business, you can reach out to everyone across the world.
Using one of my hobbies, I targeted a small group of these people and I managed to make money from them.
My personal Hobby-related business
One of my hobbies was about fitness, I was quite a fitness fanatic. Everyday I will hit the gym for a good workout, and from time to time I will advice people on how to lose weight, calorie calculation and etc.
So I use this as my hobby to start out my first online business. At first I was quite sceptical, whether will it be successful or not but I just persevered forward .
The most basic tool to start an online business is to have your own website. After setting up my website, I decided that I was going to focus on a website helping people to lose weight and build muscles. I decided to use Affiliate marketing as my main source of income.
Simply means you promote someone else’s product and you get a commission for that particular product if somebody buys it.
The commission of the product depends on what kind of product you a promoting, in some cases you can earn up to 75% of the original price.
Some of the products I promoted are exercising equipments, diet pills, supplement and etc.
Anybody can create a business out of a hobby!
I’m telling you with experience, there is no hobby that cant be made into a business. Besides my fitness business, I also am working on several other websites. Today, I am going to show you a rough idea of how you can make money out of any hobby.
This are some of the examples I came up with,
Hobby #1: Cooking
So how to set up a business with your interest in cooking? Very simple
- You can set up your own catering business, home-cook food. Not necessarily you have to have a shop to sell products. For a start, the prices of your food should be cheap to attract customers
- You can write and sell your own Cookbook, instead of publishing hard copies, you can publish e books which costs very little
- You can also do affiliate marketing like what I did, promote products – Blender, Rice cooker or anything that you think you are comfortable with.
- Another way is through Advertisements, Google AdSense. Whenever somebody clicks on the Ads, you will get paid for it.
Hobby #2: Soccer
I have this idea of creating an online business around football itself. But since I am quite tied down with my other projects, I have delayed this.
- Affiliate marketing for football jerseys, boots, balls… Literally anything and they are lots of people willing to buy this stuffs
- Write pre match and post match reviews to drive traffic to your website – use Google AdSense
- You can choose to promote a particular football club and share news about them
- Instead of promoting other people products, you can create your own products and sell.
These are just several ideas I came up with. And I can assure you that, you can create an online business around any hobby. Personally, my main source of income for all my projects are affiliate marketing.
And don’t assume that you cant make money with affiliate marketing. If you do it right, you can be making ten of thousands of dollars every month.
When to quit your full time job?
Don’t be in a rush to quit your full time job if you do not have enough money to support yourself. You should only consider quitting when you are making a steady full time income every month.
Juggling between a full time job and working on your online business may be quite difficult to cope with. I was struggling doing it myself, but I always remind myself that online business is not a race but a marathon. Go slow and steady in your own pace, whenever you have time than you work on your website and eventually you will get there.
It took me quite some time before I was generating a full time income with my first website. Once I noticed that my income has been consistent over the months…
One day I walked into my boss office and told him, I QUIT. That’s it, till today I never looked back and I am very happy with the decision I made then.
There are people out there that quit their full time job and start focusing 100% of their website everyday, but having said that they have some financial backup.
If you have no financial backup, I suggest you continue your job and slowly work on your site, till are confident enough to quit.
My Secret Weapon
You guys maybe wondering, how did I manage to set an online business without any knowledge on it. The truth is I didn’t…
I learnt how to set up my business step by step from an online training platform called Wealthy Affiliate.
I’m not trying to be bias here, but Wealthy Affiliate is by far the best training platform online where you will learn everything from scratch. I started out with zero experience and knowledge in online business but now I have grown in knowledge and wealth thanks to them.
To be successful in online business, foundation is very important. Without knowing the fundamentals you can never go far.
I am still a premium member of Wealthy Affiliate, and I believe I will be for a very long time to come.
There are two different memberships in Wealthy Affiliate, the free membership and the premium membership. If you are interested in starting your own online business, I recommend you to check out Wealthy Affiliate. You will get a 7 days trial to see what Wealthy Affiliate has to offer.
If you would like to know more details about Wealthy Affiliate, I suggest you check out my personal review.
My final thoughts…
It is possible to turn an hobby into a full time business, but it requires lots of dedication and perseverance. The best part of online business is that you can choose when you want to work and the money you can earn is far more superior than what your get working for others.
But before you jump into setting up your online business, I recommend you to use Wealthy Affiliate as your foundation to build up your business like what I did. I am no different from you, I started with nothing but if I am able to become so successful today, credits have to go to Wealthy Affiliate.
You have no obligations to become a premium member, you can try it free for 7 days to see the value it has to offer.
If you have any questions please don’t hesitate to ask me, I am more than happy to help you out… Just drop me a comment in the box below.
I am looking forward to working with you and helping you build a successful online business.