4 Reasons Why You Should Turn Your Hobby into a Business

When you can marry your passion with your job, you automatically create more job satisfaction for yourself. That’s why turning a hobby into a business venture may be the best solution for you, especially if you have a hobby that you can monetize, such as writing, coding or any other task that people find valuable. Once you hone your skills and learn how to set up and run a business, you can turn your hobby into your full-time job.

1. You’ll Enjoy the Freedom of Working for Yourself

If a traditional 9 to 5 job won’t work for you because you are a single parent, have health issues, or are in addiction recovery and need time to attend meetings and therapy sessions, you will enjoy the freedom of working for yourself. That’s not to say that you won’t be busy. Starting a business takes an incredible amount of time and energy, and you will be working harder than ever before to get it to take off. But, turning your hobby into a business venture will not feel like work and will enable you to set your own hours.

2. You Get to Make the Rules

When you turn your hobby into your business, you make the rules. This involves making a strategic plan, marketing your product or service and making sales while providing superb customer service that will encourage people to spread the word about you. You also have full creative power over your product or service.

For example, if you enjoy creative writing, you get to decide how to apply your creativity without a boss or manager limiting you. The best part about turning your writing into a business venture is that you get double the benefit: the writing continues to be an outlet for your expression and it provides an opportunity to make money. You’re spending time writing anyway, so you might as well market it and make some money in the process.

3. If it’s your vibe – there’s a huge market for handmade items

Now is the perfect time to turn your hobby into a business venture because there is a huge market for handmade items as people return to valuing unique creations, organic materials and creativity. If you’re not sure that there is a market for your handmade items, take a look at Etsy. People are creating and selling everything from jewelry and accessories to art and collectibles on this popular site, and they are making a nice profit from customers who value the quality and time it takes to create a handmade item.

Once you turn your hobby into a business, start marketing yourself locally. If you are a painter, sculptor, or photographer, ask local coffee shops and restaurants to display your work with information cards and prices. Local small business owners network with and support one another throughout the year, and collaborating with owners in your area is an inexpensive way to get your name out to the public.

4. Taking Pride in Your Work

There’s no better feeling than loving what you do and knowing that other people love what you create. Not only does turning your hobby into a business allow you to do what you love every single day, but it also boosts your self-esteem and gives you pride in knowing that you are good at what you do and can succeed in going into business for yourself.

When you take pride in your work, you will work harder to become a successful business owner and reap the benefits of success. You will see how your reputation improves, get the chance to grow your business every day and embrace your role as SME owner. It doesn’t get much better than that.

Want to work in a space that provides you with the network and resources to get your ideas off the ground? Book a tour today to find out more.

Author: Larry Mager from ReadyBrain.net