Marc Anthony said if you do what you love you will never work a day in your life, but does that ring true when looking to make money off your hobby?
I think the question you should be asking is not can I turn my hobby into a profession, but is it worth the time? Is it worth spending all your extra hours trying to learn something new on top of what you already have going on?
In my opinion, yes, it is.
For me personally the reason I want to make my hobby into a profession is to eventually leave my job, and in doing so give me more time with my family. Making money off your hobby means working extra hours and/or hiring more help if you are doing something on your own.
Successful people will agree that if you want to be successful, you have got to work hard. So, yes it is possible. And I don’t see why not. But like anything else it’s going to take hard work and determination.
If you can successfully turn your hobby into a profession, it could change your life. Don’t think about the pros and cons of turning it into a full-time job, I’m sure many of us have heard that before. What you should be thinking is how to make the most of it and not how to make the most money off of it.
In the end, it all comes down to you and your dedication. If you’re willing to put in the extra hours, maybe even quit your job for it, then go for it! Make a profit off your hobby.
Just don’t expect it to be easy. It’s going to take a lot of hard work and some serious dedication on your part.
Even so, I would highly recommend that you do whatever is best for you, no matter what it is. If you think turning your hobby into a full-time job will take the pressure off of your job and help you to manage your time better, then go for it.
Trying to make money off your hobby also means that if you are going to be successful at it, you will have the ability to sustain yourself and hopefully grow several times over.
Time management is key. Many people are working 9-5, eight hours a day, five days a week, fifty weeks out of the year. Their weekends are usually used for family time and relaxation. How much of that time is available to you?
If you want to start your own business and make money off your hobby full time, there are many things to consider. A hobby business will not be your only source of income so it’s not like you can quit your job because it may become overwhelming at first.
First and foremost, you must make time for yourself. If you are not creating a space for yourself in your schedule, then how will you be able to make it a priority? If you find yourself struggling to fit in the things that are important to you in your life, then maybe you should consider making some changes.
In order to support myself, my wife and our two children with the money I had made off of my hobby I started a business.