In $10k Challenge: Turn Your Hobby into an Extra Income, I suggested you think about turning your hobby into a source of income. A bit later, I wrote What Makes People Happy, Part 2: Hobbies and had a person leave the following comment on how he turned his hobby into a money maker:
What started out 4 years ago as a hobby (painting on glass and creating hand painted candle lanterns and votives) has turned into my second job with a run rate this year of about 10K. What's great is that I still enjoy doing my art even though it has turned into a business venture. There are also a few upsides to this kind of "hobby" besides the income. First are all of the great people I get to meet (other artists, people who buy my work, folks at the art fairs and store owners etc). Second, what is now my avocation is slowly morphing into the vocation I hope to be in when I "retire" from healthcare. How great is that!
It's REALLY great in my book! This guy is doing what he loves and making a good amount of income to boot. If he simply saves that $10k each year, he'll end up with a fortune!!!
Of course, there are lots of other ways to make extra money. What's stopping you from starting one of them today?
What's stopping you from starting one of them today?
I think I have to say haven't come across any idea or system that can transform my hobby to be my second income source.
Posted by: Harrison | July 23, 2007 at 10:32 AM
Harrison --
What's your hobby?
Posted by: FMF | July 23, 2007 at 10:56 AM
The biggest problem a lot of people have is that watching TV isn't really a monetizable hobby. Since starting working about a decade ago my hobby's have for the most part atrophied(though I'm changing that); I think a lot of people are in that boat where they no longer know their hobbies well enough to turn them into a money making venture.
Posted by: Matt | July 24, 2007 at 07:25 AM
Extra income is not the same as second income. Maybe he lives on social security and doesn't work outside the home, so he has time for a hobby!
Posted by: Fleming | July 24, 2007 at 08:12 AM
FMF --
My hobby is watching anime. Just like what Matt said, watching TV(anime) isn't really a monetization hobby. ;)
Posted by: Harrison | July 25, 2007 at 07:23 PM