Archive | May 2017

The Best Tips On Turning Your Hobby Into A Business – Guest Post by Aimee Lyons

Photo via Pixabay by SplitShire

Having a hobby is a wonderful way to express your creativity and find happiness in your own abilities, and there are many things you can do, from crafting to sewing to rebuilding vehicles. Putting your time and energy into something can really boost your self esteem and self worth, and when these hobbies turn into something more, they can be beneficial in a different way by helping you earn money…or even find a new career. They can also help you find peace and strength if you’re going through a big life change, such as addiction recovery or a divorce.

These days, it’s easier than ever to turn your hobby into a business. By utilizing social media and resources available to you online, you can begin taking the thing you love to do to another level and potentially make a new career out of it.

Here are some of the best ways to do just that.

Do some research

It’s important to do some research–both online and locally–to find out whether there are similar businesses already and what they entail. Get a feel for their pricing, their hours, whether they offer free or discounted shipping, and what sort of business plan they operate under.

Ask yourself some hard questions

It’s imperative to ask yourself whether you’ll still want to perform your hobby if the business doesn’t work out. Will you still get the same joy from it? Also, is it something you can do under pressure? Starting a business means you’ll have a commitment to your customers and you’ll be working under a time crunch rather than being able to do it whenever you feel like it. Not only does your business’s reputation depend on it, but your financial stability does, too.

Get some advice

Starting your own business isn’t easy, and often you may find that you’re doing everything yourself or with very little help. It’s important to make sure you’re ready for that kind of commitment, so talk to someone who has been through it and get advice on how to get started and where to find resources that can assist you when you need it. Speak with local business owners to find out what they might have done differently when they first opened up their store.

Get social

Starting your own business–whether it’s making jewelry or fixing motorcycles–means you have to be good at selling your service or product. That means starting social media pages to connect with potential customers, doing trade shows and conventions, working long hours, and talking to people about what you do to give them an idea of what your business entails. In some areas of business, there’s a lot of competition, so it’s imperative for you to find a way to stand out in the crowd. Make up some eye-catching business cards and do your best to make connections and network with other entrepreneurs.

Build a plan

After you’ve done some research and are sure of how you want to proceed, start building a business plan with some assistance from an attorney, an accountant, and possibly the Small Business Administration. It’s best to have some legal advice so you won’t be in the dark in regards to your rights and responsibilities. Start with the basics–such as whether you’ll be opening a brick-and-mortar store or keeping everything online–and work from there.

Keep in mind that although it will take some hard work and long hours, starting your own business can be a worthwhile venture, especially if it means you get to do something you love and make money at it. With a good plan and some support from your friends and family, there’s no reason you can’t make it a success.

Author: Aimee Lyons