How To Make Money From Your Passions (Without Burning Out)
Curated from: Ali Abdaal
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Why should you monetize your hobby
It adds the extra element of challenge to your hobby. Learning to make money from your hobby is a very important way to solidify your knowledge of said hobby.
- You are also adding value to people's life, otherwise you wouldn't be able to monetize the video
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How to monetise your passion part 1
- the First step is to think about who is the people to that you want to add value to.
- Figure out what sort of problem these people have, you need to be able to solve a problem You need to be able to think outside the box that is very important
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How to monetise your passion part 2
Combine different passions to create a killer combination: This is pretty important, you want to be able to combine the different things that people want so that you can actually stand out, for an instant if you teach guitar you also could teach singing and scales
Figure out the different vehicles for your value delivery: Creating Goods: What can I make that people need or want?
and then Selling Services: What can I do that people want/need or don't want to do
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The dangers of trying to make money from you hobbies
Sometimes making money from your hobbies can completely ruin or cancel the joy you get from the hobby.
Don't feel the need to make your hobby into a full-time job.
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CURATOR'S NOTE
Everyone has hobbies, why not try and learn to make money from them?
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