Business of Pleasure: 3 Ideas to Monetize Your Hobby

It’s the Internet age and it’s possible to make money in an infinite number of ways. If you have an interesting hobby that you enjoy, why not try to make some money off of it? If you enjoy something, there’s a chance that somebody else does too and all you have to do is tap into that market. With a bit of luck and a lot of hard work, it’s even possible to make enough money to quit your day job.

 

1: Create A YouTube Channel

 

YouTube is a great way to get publicity and exposure and is a free way to advertise a website or service. However, it’s also possible to make money directly on YouTube. YouTube offers a partner service that pays per view on a video. With enough videos and enough views, it’s possible to make a serious amount of cash on YouTube.

 

If you’re into basket-weaving, make some introductory basket-weaving videos. Show off your creations and try to build an audience. The build up can be slow, but once the channel takes off it’s relatively smooth sailing. All you have to do is keep updating it with the occasional video.

 

2: Integrate eBay

 

eBay is a great way to make some quick cash off of products that you create. Integrate eBay and make money. If you’re into carpentry, try offering your creations online for a small price. At first, shoot for a large range of selections but with little stock. After some time, you can see what sells and what doesn’t. Then you can use that information to help build up a stock of the items that sell the most.

 

3: Stream Your Hobby

 

Streaming is the new exciting way to make money online. The concept is very similar to television. You stream whatever your hobby is live, and people watch. The more people that watch the stream, the more money you make from ad revenue.

 

Gaming enthusiasts have jumped on the bandwagon and every imaginable type of game is being streamed on websites like twitch.tv. If you’re an avid video game player, try streaming your favorite games. Grab a webcam and make an interesting experience for your viewers. It can start slow but if you find a niche you can slowly work your way up and create a loyal fan base. There’s somebody out there for anything, and even if you like niche strategy games there’s a cult following out there waiting to be tapped into.

Author: Jayla Barnsen

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