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23 October 2021
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investment
We all have hobbies that we devote some of our free time to, because they are either enjoyable, gratifying or relaxing for us.
But, in today’s day and age, where the world is inter-conneccted and the gig-economy is flourishing, several of these “pass-times” can be transformed into sources of income for you. You can gain anything from free goods and extra pocket money, to building an entire business or a platform for advertising depending on how you go about it.
Here's a list of seven common hobbies from which you can make money.
The personal benefits of writing and journaling are aplenty. But now, with the popularity of blogs skyrocketing, writing and publishing online has the potential to provide you with additional income as well.
Either you can create your own platform for your work, or even work as a content creator for other companies – based on your area of interest or expertise. As a blogger, you could start by focusing on a nice, gradually growing your readership and then monetize either through advertising or subscriptions.
Art and design, like writing, are creative skills that can help you earn money as a freelancer. Many emerging artists with a range of artistic styles use Fiverr or Upwork to locate clients in need of their services, whether it's for making social media creatives, branding collaterals or even their portraits.
As an artist, you can also monetize your creations by directly selling your artwork on canvasses, or on t-shirts and posters. It's essential to realize that if you want to transform your creativity into a product, you'll need to target a certain market and create a different brand to target customers effectively.
Do you have a talent for making others laugh? Have you always been the family or group jester? Do you know what the most popular memes are now?
Well, now you can put your sense of humor to good use and use it to establish an online community. I’m sure you can think of a few Instagram, Facebook, YouTube, or Twitter accounts that have built enormous followings merely by collecting memes and viral videos, or by tapping into a niche of humor that nobody else is covering.
Once you've built up a following, you can earn money through sponsorship, merchandise and views!
Food has evolved into an art form and good food is possibly the easiest product to sell!
And now, you don’t need to go to culinary school to understand cooking – all the lessons you need are available online! There are plenty of ways to make money from your passion for food – starting with a recipe blog or videos, all the way to starting a delivery service as a home-chef. You can even bottle condiments, spices and sauces and sell those in your locality or personal networks using whatsapp.
Do check platforms such as masalamonk or foodcloud to see how you can start selling that cake or pasta sauce you’re famous for!
If you have a good camera and know how to operate it, you have a few options for making money along the way.
While becoming a freelance photographer is possible, you are typically limited to local events and assignments that you can personally attend.
Now, you can also monetize your photos by selling them as prints or on photo sharing sites (pixel, shutterstock) and get paid every time someone downloads your photos. You may also grow your Instagram following by using your photography abilities, and then monetize that through sponsorships. Again, focusing on a niche is the best way to grow here!
You may be wary of the idea of making money while playing your favourite games, but if there's one thing this list has taught us, it's that if you can get people to pay attention to you, you can turn it into a profit.
The emergence of the "Let's Play" video format has enabled us to make money from gaming, particularly live-streaming on Twitch. You can make money by sharing ad revenue, just like YouTube. However, there is also the possibility of receiving one-time and subscription donations from a big audience. This means that the amount of money you make from live streaming will vary substantially, but it's extremely simple to get started earning money.
Do you make a mean candle or bracelet? Are your crotchet skills out of this world? Well, you can now sell anything that you make – as long as its unique and of high quality. Everything from candles, cushions and potpourri, to Soap and bath-bombs can be sold for a neat profit from the comforts of your home!
Well, what are you waiting for? Armed with this information, and the ample knowledge available online, you can start your journey to upskill your hobbies, create a community or a portfolio of products and then MONETIZE!
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