Whether you love writing, making jewelry, or painting, you’ve probably thought about monetizing your hobby before. Maybe it’s time to do it at last! So, here are five ideas to inspire and motivate you to reach your goal.
1. Start A Blog
Blogging is a universal practice that unites thousands of creators. For some, it’s just a hobby. Others make their monthly income by blogging. Afoma Umesi started writing about her passion – books – and continues creating her content. Her website ReadingMiddleGrade.com boasts enough readers to be profitable.
You can follow her path and create a blog of your own. Then, it’s possible to place ads on the website. Most bloggers make between $38,440 to $51,906.
There are 3 main strategies to monetize a blog, each contributing to a sustainable income stream. Firstly, incorporating display ads can provide a steady, albeit modest, revenue based on page views and clicks. For a more lucrative approach, engaging in affiliate marketing allows you to earn commissions by promoting products relevant to your audience. However, selling custom merchandise, like t-shirts, can be particularly profitable. By starting a tshirt business and offering t-shirts that resonate with your blog’s theme and audience, you create a unique product line that not only enhances your brand but also provides a direct and significant source of income. This method is further simplified by using print-on-demand services, which handle production and shipping, allowing you to focus on design and marketing. Additionally, offering exclusive content through memberships or subscriptions can generate a consistent income, rewarding your most dedicated followers with premium content. By combining these methods, a blog can transform into a diverse and robust revenue-generating platform.
2. Open A YouTube Channel
We’ve heard countless success stories already. YouTubers like PewDiePie and MrBeast make millions off their videos. In reality, an average content creator in Los Angeles makes $67,953 a year. You can join the partner program and get about $18 for every 1,000 views. Yet, there are more ways to earn on video platforms. You can:
- Sell digital products;
- Sell merchandise;
- Accept monetary donations from your fans;
- Become an influencer and work with brands;
- Join an affiliate program.
That doesn’t mean you have to do only one type of content forever. PewDiePie, for example, started by completing video game playthroughs. Now, he mostly offers lifestyle videos.
3. Offer Freelance Services
Anyone can join a freelance platform to monetize their skills. If you don’t want to start a blog but have a desire to write, start writing paid content. You don’t need to complete any form of education to be a content writer. All you need is passion, free time, an internet connection, and a laptop.
To start strong, you need to build a portfolio. It doesn’t have to be your past work – you can also write some samples specifically for your future clients to check out. Then, choose the niche you want to work in the most. Last, set the rates. An average freelancer makes $40 per hour.
At first, you may not be making that much. For example, a freelancer Nicole Dieker started with a few pennies a word. Now, she’s a blogger, columnist, and six-figure copywriter who came out with a novel.
4. Complete Small Tasks
If you’re not quite ready to dabble into one certain occupation, try picking up small tasks online. There are quite a few things you can do, such as:
- Answering paid surveys;
- Writing reviews for money;
- Playing the latest games and testing them for bugs;
- Watching videos;
- Sharing bandwidth;
- Entering data.
Microjobs can pay from a few cents to $50, and the average income depends on what tasks you complete in a day. However, if you’re not sure how to manage your time, “Turn Your Passions into Profits” by Dan Miller will easily guide you. Miller’s helped many people reach their goals and find the motivation to continue!
5. Sell Handmade Products
There’s not a lot to selling handmade items. In general, the process is easy. You either open an online store or join a marketplace platform. Then, you take good pictures of your handmade items. After that, you write a decent description for each item and price them. There you go – now, your listing is done!
Don’t forget to be nice to your customers and respond to every message. Good customer service makes up half of your brand. You may expect to earn about $20 per hour or more.
Here are five impressive ideas for your easy beginning in monetizing your interests. Whether you choose one of them or a completely different path, stay strong and motivated since almost every successful person has to start somewhere small.