You are currently viewing Thinking of turning a hobby into a lucrative business?  Maybe you shouldn’t!

Thinking of turning a hobby into a lucrative business? Maybe you shouldn’t!

“Do you have a creative skill or talent to stand out and you’re still not monetizing it?

You are really wasting your time and talent!

Does that tell you anything? I’m sure you or someone you know must have heard these words as “unsolicited advice”. But does it always work? Or does your hobby stop becoming a source of joy when it becomes a permanent mode of income generation?

The productivity-obsessed society we breathe and live in has recently promoted the idea of ​​turning your hobby into a full-fledged career or side hustle. Which is not completely wrong to some extent.

For example, during the time of the pandemic, when people were stuck at home, many people decided to use their free time to turn their hobbies into side activities and earn extra income from it. Although this strategic move provided financial stability for many, it became a source of anxiety and exhaustion for some.

The point ultimately comes down to carefully assessing what really floats on your boat.

So, before you decide to dump the passion of your dream project and create an online website to sell your creativity, here are some things to consider before making the decision:

  • Will the fun of the hobby fade? – You might see a 360 degree transition from freedom to obligation. We pursue a hobby because it provides a much-needed escape from our daily routines. After a grueling day at work, just write a few words on your personal blog, hum your favorite songs, click on panoramic photos or play the guitar to let off steam. This is not a sign to put this hobby under a goal and strive to validate it.
  • “Do what you love” – ​​or maybe not! – While scrolling through your Instagram feed, you must have come across the quote “Do what you love! “. Or, you must have a stash of those inspirational stories, where all the entrepreneurs express how they turned their childhood passion into a successful business. But nobody talks about those who failed and realized that it was not really a good idea after all. The possibility is such that the line between your personal and professional life will blur and the pressure to be better than others will begin to set in. What if it exhausted your creativity and made you experience the same stress at work?
  • What about your big bills? Hobbies ≠ Money – Okay, let’s be clear – not every occasional activity has the potential to earn you an income equal to or even close to what one gets in a regular full-time job. Above all, in the current economic situation where inflation is at its new high, can relying solely on your hobby be enough to pay your medical bills or live the luxurious lifestyle this generation is used to? Is the creative skill you have still employable?

Ask yourself these questions before you risk it all!

Do you always want to follow your heart? Here’s a quick guide that might help you plan better

Needless to say, we’ve all been at the crossroads between hobby and hustle at some point in our lives. And at that precise moment, our mind is flooded with many “whys and whys nots”, and it is hard to make a choice. So how do you navigate a difficult situation like this?

  • Don’t Quit Your Job, Strengthen Your Ground First– Instead of doing it all at once, consider taking small steps. A hobby is an activity that you enjoy doing and are fairly good at. But to establish yourself professionally, you have to build a good set of skills and keep practicing. So before you say goodbye to your regular job, set aside 10-15 hours a week for freelance writing, baking, drawing, or whatever hobby you want to hone. This way, you can lay a solid foundation for your transition phase.
  • Thorough market research is key– Engaging in extensive research is an extremely important step in turning your hobby into a successful career. Social media offers a great way to build new relationships and use your own to understand the dynamics of the market you want to enter. If you’re considering stepping into the shoes of a writer, baker, astrologer, or designer, find out what your competitors are charging, what kind of skills they have, and upcoming trends in the same domain. Above all else, assess what “X” factor you can bring to the table.
  • Don’t be afraid of criticism– Turning your hobby into a career is indeed a life-changing decision, and therefore, you should be prepared to accept both positive and negative feedback. As you navigate your way through a new challenge, your friends, family, and peers can voice their opinions on your career trajectory. Some might support your heart’s call, while others might make you rethink your choice. Your ability to move forward depends heavily on how you handle criticism and how carefully you plan each step of your professional journey.

More importantly, try practicing your favorite hobby for several hours to see if it actually gives you the contentment you crave.

One last thing, if you end up making a career out of your hobby, BE SURE TO LOOK FOR ANOTHER HOBBY. Something so satisfying. Something that can allow you to make mistakes without fearing the consequences. Only this way you can

in your career while finding the time to engage in an activity that makes your mind and body absolutely relaxed.
To win, to replace.

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