This is an unpaid guest post from George Shaw. He has some excellent suggestions on how you can take a hobby or a passion of yours and generate some extra satisfying retirement income.
It is often easy to determine what it is that you love to do and want to spend your free time doing. Your hobbies are those things that attract you and draw you in, they are those things that you spend your hours at work or during retirement daydreaming about. Wouldn’t it be wonderful if you could figure out a way to make money while doing those things that you love? It is possible, these days with the Internet to capitalize on your hobbies.
Etsy is an amazing handmade global market place. Anyone can be a vendor and create their own online store where they have the opportunity to sell to the world anything they can make with their hands. Never before has there been such a huge market for handmade good as there is now and Etsy provides the perfect platform for creative people to turn their visions into a full fledged business.
Market yourself to local businesses and create a demand for your product. If you love taking picture of birds, go around to offices and museums and libraries and schools and try to create an interest in the work you have to offer. If you make jewelry, go around to different boutiques and sell them on your product. Once you have potential buyers and you have an idea of what they will pay for your work, or better yet, an order, then you can get to work on supplying them with what they want and collect your profit. This would be a great opportunity to leave behind one of those free business cards or a flier with information on how to contact you should they want to place another order or should someone else want to order for their business.
If you prefer human contact and interaction over the convenience of the virtual market, the farmers market offers a great venue for sellers of all kinds to display and sell their items to different crowds of people every weekend who are all in search of that one unique item. The farmers market is a fun option to show off your creativity and make a little money while you’re at it. Because it is your booth, you have the option to switch up the merchandise and sell whatever you like. If making quilts is your thing one week and the next you are into making beaded jewelry, you can sell either whenever you want. You are in control of your inventory.
eduFire eduFire offers you the opportunity to use the knowledge you have of the things that you love and become an instructor making up to $100 and $150 per hour by teaching others “how to” courses. The site is an online community of instructors and students where you can market your courses to those who have already registered for different classes on the site, adding to your profit. The more students you have “taking” your courses, the more money you make. Your business is what you make it and you will be enriching the lives of others. What could be better?
(note from Bob: this company has been in existence for a few years. Several of the topics I checked have no classes offered at this time but other reviews are favorable).
Teach lessons to your friends, their kids, their friends, and their friend’s kids. Find an offer online for free business cards, have some printed and hand them out. Advertise your services using word of mouth or put fliers up in community centers, YMCAs and schools where parents may be looking for after school options for their children. Put advertisements for your services on craigslist and other social media sites and market yourself wherever you can. Make money by teaching what you love.
Create a website or blog where you write articles and content about the subjects that you love. Others who are searching for items related to your topic will read your articles and if your writing is compelling enough you will generate a following of people with similar interests. If this is a hobby you are passionate about there are others that love it too and they will want to view your content. You can become sponsored by search engines and other websites and they will pay you money to post their ads on your site. As you generate traffic for those sites, you will earn a commission. Iit might be a small amount, but over time it will add up and you will at some point be making money by what you love. The more clout your site has the more potential for profit there is.
George Shaw is an experienced writer for senior living and health. He works with nursing homes in California to provide lifestyle and care solutions for the elderly and their families. He provided no compensation for this link.
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