Living off your Hobby
When you are able to make money from what you do , its one of the greatest sources of fulfillment . If you are successful enough you can go on to commercialize your hobby to the point that you dont need your primary job anymore. But before you go on and turn the hobby into a business you need to take some things into consideration.
These kind of evaluations will help you evaluate the decision you are about to make and gauge whether its a viable. No matter what the hobby is or the idea it is founded on it needs to be something that solves a need or helps people in a way. If you are starting business in painting you could help people by teaching them how to paint too. Some hobbies are very unique, when they are turned into a business they will be filling a need that is unique too and that makes them very successful. With the idea in mind you must be exited to hit the ground running and provide the services or goods from what you love doing.
Start small like you are doing a trial so that you can ga8uage the interest of the potential customers to the products that you will be offering. When you start small it gives you an opportunity to see if the business is breaking even, it allows you the chance to see if you will pay yourself and cover other expenses that come with the business. If you can still hold you nine to five job and still work on your hobby turn business you will have a monthly income that will ensure you stay afloat as you test the waters. Depending on how connected you are the business will either grow or not so much , connections can help you scale the ladder quickly because that way people can pass word about your business with no time you will be well known for your products and services.
Building connections will see you speak to as many people as possible starting from friends, family, and even strangers. Family and friends will play a very vital role in setting up the business, they are the people that will help you build your confidence in talking about your business idea and more about. Your colleagues can also be of vital help when you are establishing your start up, you can hire their skills to help make the business better. Have a business plan if you are going to make the hobby a successful business, some investors will not engage with you if they do not see a detailed plan. Have a backup plan on what you might do if in the future you are not in the hobby turned business.