6 strategic ways to monetize your hobby

To monetize your hobby, You must first believe its possibility. Unfortunately so many individual still finds it difficult to believe that certain hobby or skills can actually be turned into a passive income. Because we have this general belief and mindset that hobby is all about fun.

Often times, we engage in certain hobbies as a means to relieve stress, cure boredom and have fun with our friends during our leisure time.

Unfortunately, some folks who are unemployed  often use their hobby as a means to avoid depression which may occur due to their unemployed state.

Without realizing that it can actually change their job stature from unemployed individual into self employed individual.

If you have ever read the biography of most celebrities and successful individuals, you will discover that their success was borne  as soon as they found out the efficacy that lies within their hobby. Their life transformed from From zero to hero,  because they discovered a potential that lies within their source of fun. But one important thing you must have in mind is that they didn’t just wake up with the intention of turning their hobby into a massive income. it all began with the idea of let me blog because  i love sharing my ideas,  i love football a lot.

A renowned blogger once shared  her autobiography on how she started blogging just for the fun of it, without having an intention of making a dime out of it.

But fortunately, the so called hobby did not just become her source of income, but it also became her source of fame.

similarly a renowned footballer popularly known as lionel messi began his football career as a hobby. He narrated how he used to play with tins of container along the street. Till his hobby became his source of fame.

This stories are just to motivate you to understand that there is no special skills  process or time frame involved to monetize your hobby and there is no specific time either.

The idea to do that can strike at any time. Do not assume it is late already. It is not. However, there are steps you ought to follow and rules you  have to adhere to, to ensure your dream comes true. We would explain this steps in details, As  this is the main objective  of our discussion.

Basic Strategic ways to monetize your hobby.

Developing Passion

passion is like a fuel that drives your effort toward achieving your goal. before you monetize your hobby, you must have passion for it.

Passion is what keeps you glued toward your hobby or skills even before discovering the idea of turning it into a passive income.

Famous and successful people who turned their hobby into an income were able to achieve that because they had long developed affection in their hobby.

And that’s why they do it consistently even they are yet to achieve anything from it. Your hobby has to do with something you love doing and engaging on, otherwise it is not worthy to be called a hobby.

consistency

Passion gives rise to consistency, your love for your hobby Can spur your effort towards practicing it on daily basis .consistiency derives positive result. Your fame, success and victory can happen in just a day, irrespective of how long you’ve been practicing it. But the possibility of its occurrence lies on your consistency. Since life is unpredictable, and  we  don’t really know the specific day our success story would occur, we ought to be consistent and active at all times. Consistency also brings about perfection. Monetizing your hobby also entails creating room for improvement, because you are gradually transiting from the stage of hobby into the stage of professionalism.

Adopting an optimistic spirit

One of  Qualities of great and successful people is the ability to see an opportunity in every thing. Especially what people regard as nothing.  Optimism is the ability to see possibility in what others  might have  termed impossible. This is what distinguishes great people from their counterparts. With your hobby, Where do you hope to  see yourself in the next five years? Are you still living in doubts? thinking of becoming perfect or having a special skill before you start being positive and optimistic.

The truth is, you might not need any other special skill to become perfect apart from your passion, consistency and optimism.

You really don’t know how much you worth as a comic reliever till you become optimistic and give it a trial. You really don’t know how much income that surrounds you as a music artist, till you become optimistic. Say no to your fears, and believe you can.

Striving to become better

Creating room for improvement is one of the best strategic ways to monetize your hobby. You are not the only one performing or engaging in  such hobby, a lot of people had done that in the past and are currently doing it. you are not the only music artist, blogger or footballer, but what would give you an edge over others doing the same thing is your creativity and unique styles. Yes you might be doing similar things as your rivals, but in a more unique style. That’s why you must never relent in improving yourself and learning on daily basis. Change is the only constant thing in life, to become great you have to avoid stagnancy and embrace changes.

Always work on your flaws

your imperfection does not make you weak, your flaws does not make you weak, what does is your inability to admit and work on them. Being Egocentric  is one of the easiest way to become a failure.

Your Ego makes you believe that you are perfect and so don’t really need an adjustment or corrections. To monetize your hobby, you have to humble yourself enough to admit your flaws and accept corrections when necessary.

consider your audience need

As you’ve taken a  decision to move your hobby to the next stage, you have to understand that it is no longer about you, but about your audience.

As a hobby, is just about you and what gives you fun. but as a source of income, is all about your audience and the service you are rendering to them, while having fun at the same. so in other to achieve the best result, you have to put your audience into consideration by striving to give them the best.

You have to build that trust among your audience/followers, then money would automatically follow suit.