Are you looking to monetize your hobby? Yes! You are in the right place.
Hobbies are not only for fun but are real-world activities that can become a real source of income for you. Many hobbyists have used their interests to do so. And in this article, we will show you how to monetize your hobby.
To generate money from your hobbies, use these six proven ways to turn your passion into a money-printing machine.
Start a YouTube Channel Teaching others about your hobby.
Teaching others your particular skillset on YouTube is one of the easiest ways to make money with your passion. For one it’s free to create an account and you could be set up in less than ten minutes. Their platform is user-friendly and anyone with basic reading skills can have an account and be up and running in no time. You don’t need any hosting or domain name fees to start a YouTube Channel. YouTube takes care of those tasks. Your job is to upload videos and make money from Ads.
Examples of YouTube Hobby Channels making a killing every single month from their videos are American Test Kitchen, Studio Kit, Auto Repair Guys, and Spanish 101. These Channels teach you all sorts of skills or hobbies you can also start a channel around.
If you want to start a YouTube with ease, try YouTube Mastery Course by Matt Par.
Teach Your Skills on Educational Websites.
While YouTube is effective, educational websites like Skillshare, Udemy, and Teachable also provide means of making money by sharing your skills with others. They give you the same treatment as YouTube but you only make money when people buy your courses. They help you with marketing as well but you also need to do your own marketing to improve your sales.
To set up an account with any of them, go to your preferred choice and sign up for a free instructor account and start creating your resources.
Couple this strategy with YouTube for better results.
Start Blogging About Your Hobby.
Willing to put in a little bit of cash, then start your own blog and share ideas with your audience online. It gives you more control over your content than the other strategies mentioned above.
Starting a blog requires a series of steps. First, perform keyword research on your hobby to know what people what to know about it. Gather those keywords, and group them into clusters of ideas you can connect together. After that, buy a domain name, select your hosting service and build your site either through WordPress or Wix.com. Following that is content creation where you write the articles using the keywords you found initially to structure and build your site.
After the blog is set up and you have started creating content, you make money through Ads. You can apply to programs like Google AdSense that will give you a code you can place on your site. Those links will show Ads to your audience based on your content. You then make money through those Ads either when they are clicked or per every thousand impressions. Ezoic and Infolink are other alternatives you can use to make money through Ads.
Recommend Products Related To Your Hobby
Instead of Starting a blog and profiting through Ads, you can also recommend products to your audience through affiliate marketing.
Ads are great, but affiliate marketing is far more profitable. Depending on your niche, you can make for example $0.80 per click on Ads. However, you can earn a $20 commission per sale from the same visitor on your site.
Here are examples of websites you can apply for affiliate programs are MaxBounty, Clickbank, DigiStore24, and Offervault which is an aggregator of affiliate programs.
Browsing through those websites, you will find copious amounts of products, you can review and recommend to your readers. Be sure to test those products before recommending them.
Build a Your Own Product around Your hobby.
Although, you could recommend other people’s products and make money from that, creating your own products and selling to your audience is another option.
This really works if you have a crafty hobby. Maybe you love baking, cooking or computer programming. You can bake and sell those products online or even create your software and sell to your audience. The possibilities are endless.
You could do this on your own blog, or YouTube Channel. You can also use online shops like Etsy to sell your products to their over 11 million monthly visitors.
Make Your Hobby Your Full-Time Job
Ever thought of making your hobby a full-time profession? You will be paid to do what you passionately love. For instance, if you love fondling music, you could take steps to become a music producer, or a sound engineer, start your own record label, or freelance as a writer online.
Many writers started writing as a hobby before entirely going all in as a profession. Most writers on Medium, Twitter, Upwork, and Fivver have made writing online their career and earning their living doing it full-time.
Conclusion
By going through these strategies, making money from your hobby will become a breeze. Go through each of them carefully and choose either one or a combination for effective results.
Related Articles
- 5 Affiliate Networks To Build Wealth With Your Hobby
- Hobbies For Profit
- How To Start Your Own Record Label
- Become A Sound Engineer
- Become A Music Producer Without Spending A Fortune On A Music Degree
