Having multiple streams of income is the key to financial independence. Not having to rely solely on one salary allows you the opportunity to be unshackled by financial limitations. It is helpful in case something unexpected were to happen that would jeopardise this source of income. Having multiple income streams gives you something to fall back on in case you fall on tough times. One way of doing this is to have hobbies that make money. That’s right, making some cash on the sideline doing something that you love.
You may now be confused as to how exactly you could do this. Well, this blog is going to clear that up because here we’re going to give you some hobby ideas, talk about hobbies that make money and learn how to make money online with your hobbies. So, read-on if you’re ready to start supplementing your income by doing something that you love!
So, what exactly is a hobby? Well, in a nutshell, it can be described as an activity that someone does for enjoyment in their spare time. Or it’s another word for a small horse or pony. Hobbies can be anything that a person does for pleasure, so the list is huge! But here we’ve put together a list of some of the best hobbies that make money.
It can honestly be anything! Though there are some hobbies that make more money than others. We’ve put together a list of hobbies.
Some hobbies that make money include:
If you know how to write, this is a skill that might be able to make you money. You could either start your own blog writing about a topic you are passionate about, or you could work as a free-lance writer, and get paid to write articles for different publications.
The key to success with writing online, is to create content that is useful for readers. It’s also important to build engagement with your readers, so they will keep revisiting your blog.
If you’ve got any skills that you could teach to others, tutoring is a way you could make money from your hobbies. If you know how to play an instrument or speak a language, you could teach lessons and charge for your services.
You could either teach lessons online, via webcam or in person. A good place to advertise your teaching lessons are on Gumtree, or you could find students through word of mouth. Teaching others your skills is also a way for you to keep practicing and improving your ability in that skill.
If you are particularly funny and have a knack for making people laugh, this could be one of those hobbies that make money. There are various ways for you to make money from comedy. You could perform stand-up routines at a local bar or venue that hosts regular comedy nights, you could even write punch lines and jokes for Ted Talk speakers who want to make their speeches funny and engaging, or you could even try writing humour books for adults.
Craft hobby ideas can be a great way for you to make money in your leisure time. Craft is a hobby that encompasses various activities including knitting, basket weaving, sewing, beadwork, embroidery or even pottery.
The great thing about craft hobbies is that they are often therapeutic activities that you can do in your spare time. Not only do they make you feel relaxed, but can make beautiful creations that people are willing to buy. You could either sell your products at weekend markets or sell them online through Etsy. Etsy is a great way for you to make money from your hobbies as it is designed specifically to sell craft products.
This is like tutoring since you are teaching your skills and abilities to others. However, coaching is more associated with sports. So, if sport is a hobby of yours, you could consider coaching a team of kids in the evenings and on weekends. Coaching is also a way for you to get involved in the community, as well as helping to build strong leadership skills.
Believe it or not, if you’re particularly skilled in public speaking and you enjoy it, this is one of those hobbies that make money! You may not know, but companies will hire people, who are good at public speaking, to talk to large groups at events on their behalf. You can start small, and then you can work your way up doing more high-profile gigs. Some people even end up earning thousands of dollars from public speaking.
This is another therapeutic hobby that is one of those creative ways to make money. Another benefit from baking is that you can work from home. You can sell your home baked goods, whether it be cookies, cakes or other delicious baked foods, at markets or bake sales.
First you will have to check out the food regulations in your state regarding food services. You will also need to obtain licenses to be able to sell baked goods. There are a few other things you will have to work out first before you start selling your food, but its relatively easy to start and there is always a market for it!
A great hobby that can earn you money online is web design. If you’re good at creating websites, this is a hobby that people are willing to pay money for. Not everyone knows how to do web design, therefore they are willing to pay good money to those who do. One way to find web design projects is by doing free-lance work online.
As you build up your network and portfolio of projects, you’ll be able to charge more for your services in the future.
One of the ways to make money from your hobbies is to teach others your skills. Not only will it allow you to practice your hobby, but you you’ll enjoy the personal benefit of teaching others and passing on knowledge. There are many people out there who want to pick a new hobby themselves and there’s likely a few people out there who’d love to learn what you know.
If your hobby is a sporting activity you could become a coach, and teach a younger group. Maybe you love cooking, you could lead a cooking class, particularly if you know how to make a certain type of cuisine.
Make money online by selling your creations or services either through Etsy, Gumtree or other online sources. Perhaps you want to set up an Instagram or Facebook page, where interested customers can directly contact you if they’re interested in your creations. You could even sell your products at a market or craft show.
You could see what local competitions are on and enter your work in in the hopes of winning the price money.
If you’re a photographer or writer, you may be able to sell your work online or to magazines which could result in further freelance work.
If you are particularly knowledgeable about a certain craft you could even start a blog to teach others about it. This can be a good start for developing a passive income. As you continue to post on your blog you may develop a following, and the viewers will help to generate income.
In the same vein you could even create an E-book about your hobbies. This is a way of creating a passive income stream, as your book will be able to make you money without you having to actively do anything. Once your book is being available on an online platform, such as Amazon Kindle Direct Publish, Blurb, Lulu or Tradebit, each time your book is sold it will generate an income.
This is another great way to make money online as this is something that can generate a passive income for you. If you have a skill you could teach to people, why not create an online course that people can follow.
Similar to an E-book, you could create an audiobook for people to purchase online. To accompany your E-book, you could create an audio version as a supplementary form of income. Some people prefer to listen to audio books, for instance on their way to work.
Though this one is not as easy to do, creating a smartphone app could be a way for you to meet a demand within society that has not yet been covered. You may have a hobby that would benefit from a smartphone app. If you could find some app developers and work with them on your idea to come up with a product. You could either charge a small fee for the app or you could charge a yearly subscription after a 1 month free trial of the app. As people pay for the app, it will generate income for you on the sideline.
Another way to make money online from your hobby is to start a podcast. The great thing about podcasts is that it is a way for you to spread information about your hobby. It also allows you to create networks and relationships through the people you interview on your podcasts, as well as your audience. You can make money from podcasts by receiving a certain amount of money per download. Another way you can make money from a podcast is by doing some marketing for other products related to your hobby.
Another great way to make money from your hobby is through YouTube tutorial videos. People love having a video alternative to a written blog. Tutorials also make it easy to pass on knowledge. You may be wondering you can money on YouTube given that it is mostly fee to use: well, there are various ways you can do it. You could either become a YouTube partner and make money from ads, license your content to the media, or you could make money by selling products or merchandise inspired by your video content.
There are a few key benefits that you can get from making money from your hobbies. We’ve put a list together of the ways in which your hobbies can help you financially.
At the end of the day, it’s always good to have a hobby whether it makes you money or not. Having a hobby allows you to do something that you love, which is good for the soul. Spending time on your hobbies can be therapeutic and healing, and reduce the stress of everyday life. Nevertheless, if you did want to start making money from your hobbies, and develop a supplementary form of income, there are many ways you can do it!
Whether it’s through teaching, selling your products online, or charging people for your services, making money from your hobbies is possible. It just takes time, dedication and consistency. However, if you are thinking about starting out and making money from a hobby, you may need to finance some start-up costs. If that’s the case, you could consider getting a small personal loan from We Find Loans. We Find Loans helps you to find the right lender to match your specific needs. Apply with us today and see how we can help you get your money-making hobby idea off the ground!