Monetize your hobby!

22/03/2023
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Table of content:

How to make money from your hobby?

Monetization possibilities?

What do you need for creating wealth?

How to make money from your hobby?

                                                                              The year is 2023.                                                    
It's pretty hard to find a hobby that really isn't monetizable in some form.                   
We're talking about online though and that while you're working, others are earning money because they're sleeping!     
And yes, and while they sleep, but also because they sleep!                                              
There are people on various social networks who love to sleep. And what do they do? They log all night while they sleep and have a marathon... of sleep and cashing in!                                                                
Maybe that form of monetization you need isn't necessarily so obvious, but that doesn't mean it's not possible to earn money from your hobby.                       
No matter what hobby you have, it should fall into at least one of the following monetization categories, depending on what you produce:                   
1. Entertainment (entertainment or visual or auditory material) - monetization by creating content and publishing it.              
You show others what you do or create.  (influencers, cooking channels, diy, even artists recording themselves while drawing or painting, pranks, cat videos, blogs, artists - publishing songs, etc ).       
2. Services or products ( selling ) - monetizing by offering 1 to 1 or 1 to many services (coaching, recording personalised motivational speeches, creating signatures, making portraits, online courses, composing theme songs, books).                                                                         
And depending on the type of monetization you find yourself in there are different ways to do this!                                                                                                                Monetization possibilities?                                                                                 
If you are in the sphere of visual or audio material published on the internet, you have the following monetization possibilities:                                                            
- Donations ( pretty much on all social media or through sites )                                  

- Let other to subscribe to exclusive content or early access to the content you offer for money. But that means being organised and recording material well in advance.                                                                    
- Selling merch - yes, this might fall into the other category you might say, but merch is best sold around entertainment communities.                                                          
Now whether it's pens, hats, hoodies or diaries is up to you!                                              
There are companies that have the stock, have the products and customize them according to orders.                                                
Such activities are known as PRINT ON DEMAND.                                                                 
There is no stock that remains unsold, because such firms manage a portfolio of several collaborators for whom they sell merch.                                                                         
And you don't have to talk to the customer yourself or try to talk to couriers, get price quotes or anything like that. All that is taken care of by the collaborator!                                                          
But you just come up with the product design and advertising and you get a certain percentage of the sales, depending on how you negotiate.                                                                                                        What do you need for creating wealth?                                                                                      
If you're in the service and product sphere, things are clearer here:                      
1 to 1 or more to many sessions.                   
Showcase site with a section for a request for quote, if you provide a service such as content creation, translations or others .

The truth is that for many hobbies it will actually be a combination of ways to generate income.                                                 
For example, if you are an artist and you paint or draw you can have a community around you and the art you do and so you cash in on :                                                               
-YouTube partnership program;                        
-Donations;                                                                  
-Affiliate marketing if you advertise products that you already own and sell, without owning a shop yourself;                    
-Exclusive content or early access to content (certain live or membership);           
-Digital products - phone/computer wallpaper or a decent resolution drawing of yours for people to buy, print and put on their wall;                                                            
-Merch with your designs;                                  
-Courses - teach others what you do;            
-Custom physical products - paintings, portraits, etc;                                                          
-Online shop with speciality products;          
So what do you say?                                              

Still think there are no ways to monetize your hobby?

Summary:

Hobbies are both a mystery and a delight. They’re a mystery because many people with hobbies don’t always share them with others. They’re a delight because of the pure joy they provide to the hobbyist, making hours pass like minutes!

Thank you for reading!

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