How To Find Hidden Money In Your Hobby


How To Find Hidden Money In Your Hobby 1

What is​ a​ Hobby?

Ask 10 different people what a​ hobby is,​ and you will no doubt get 10 different answers. it​ is​ also possible that all 10 answers are correct! Several factual sources were consulted to​ define a​ hobby.

Links to​ dozens of​ free and informative hobby sites appear at​ the​ conclusion of​ this article.

The library dictionary defines a​ hobby as​ "a pursuit outside one's regular occupation engaged in​ for relaxation."

An online dictionary calls it​ "an auxiliary activity (synonyms: avocation,​ by-line,​ sideline,​ spare-time activity)."

A popular online encyclopedia gives this definition: "a spare-time recreational pursuit."

A hobby is​ therefore an​ activity you perform in​ your spare time for pleasure or​ relaxation. However,​ none of​ those definitions say anything about money.


How Much is​ Your Hobby Costing You?

You will have to​ spend some amount of​ money in​ order to​ enjoy most hobbies. if​ you collect coins,​ you have to​ spend paper money in​ order to​ gather enough change to​ collect. a​ funny headline collection requires a​ newspaper subscription. Even cloud watching might have expenses if​ you choose to​ photograph your subjects and collect the​ pictures in​ albums.

The title of​ this section,​ however,​ is​ not meant to​ inquire about the​ cost of​ performing your hobby. Instead,​ it​ is​ meant to​ spur you into looking deeply at​ your hobby to​ see if​ any money-making opportunities exist.

Perhaps you are performing your hobby in​ a​ unique way that could benefit others with the​ same interest. the​ internet makes it​ easy to​ compile your hobby secrets into an​ information product and offer it​ for sale.


How to​ Uncover Your Special Opportunity

The number and types of​ hobbies are as​ varied as​ the​ number and types of​ people who perform them. a​ comprehensive list of​ profit opportunities in​ hobbies is​ simply not possible.

However,​ here are three examples of​ how you can start looking for hidden income in​ your hobby.

1. a​ hunter decides to​ raise hunting dogs. This breed of​ dog excels at​ hunting squirrels,​ but is​ known for its poor performance in​ identifying other small game as​ prey. One day,​ while leaving the​ hunting section of​ the​ local department store,​ he cuts through the​ toy section.

The collection of​ stuffed forest animals gives him an​ idea. He buys a​ collection of​ small stuffed forest animals and a​ bottle of​ squirrel scent. Soon his dogs are hunting all kinds of​ prey like champions. He receives hundreds of​ requests for more information after he posts his success on​ a​ popular online hunting forum.

This is​ a​ perfect opportunity to​ write a​ how-to e-book about training this breed of​ dog to​ hunt more than squirrels. There is​ obviously a​ niche market rabid for this information. He could also start a​ paid membership forum to​ complement his e-book.

2. a​ college student graduates and enters into a​ job market that is​ highly competitive with a​ high turnover rate. After each successive layoff due to​ downturns in​ the​ industry,​ she is​ forced to​ upgrade her resume over and over again in​ order to​ re-enter the​ same industry.

Friends and family begin asking her for help with their own resumes,​ and are successful with the​ resumes she writes for them. Everyone hates writing resumes,​ so this is​ an​ excellent opportunity for a​ part-time resume writing business.

3. a​ cat owner notices his cat's natural tendency to​ enter small,​ dark spaces. He incorporates the​ cat carrier into his cat's play time,​ and soon has his cat is​ trained to​ enter the​ cat carrier almost on​ command. Anyone who has tried to​ shove a​ terrified cat into a​ cat carrier for a​ vet trip would gladly pay for this secret.


How Do You Get Started?

Examine your hobby as​ described earlier. Do people always ask you about it? Do they need help getting started with the​ same activity? Do your friends tend to​ invite you over only when there's a​ problem with their computer or​ car?

If you answered yes to​ any of​ those questions,​ there might be untapped money hidden in​ your hobby. All you have to​ do is​ think of​ a​ way to​ package and sell your knowledge.


For More Information

If you need hobby ideas or​ want to​ research hobbies related to​ yours,​ you can use the​ links appearing at​ the​ end of​ this article.



How To Find Hidden Money In Your Hobby



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