How to Turn Your Passion into Profit in 8 Easy Steps - Deepstash
How to Turn Your Passion into Profit in 8 Easy Steps

How to Turn Your Passion into Profit in 8 Easy Steps

Curated from: letsreachsuccess.com

Ideas, facts & insights covering these topics:

8 ideas

·

11.6K reads

21

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

Identify your interests

Identify your interests

Just about anything that you love to do can be turned into a profitable career. The key to identifying your interest areas is figuring out what you would do had you not been doing the job you hate the most.

773

2.32K reads

Do it free

Before charging money, it is recommended that you give people a taste of your services first if you want to turn your passion into profit.

For instance, if its photography, just offer to take photos for relatives for free. Surely, they would like to save money. This is how you establish yourself and prove your mettle to your potential clients.

733

1.78K reads

Build a combination of skills

You should be able to combine your chief interests with the other skills that you might possess.

If you are let’s say, planning to sell cakes, what is that other thing you are good at along with being a great baker? If you are also good at digital marketing, you can blog about baking practices.

708

1.48K reads

Figure out your ideal client

Figure out your target market, their income, demographics, needs, and preferences. 

This research will help you determine what value you can bring them i.e. your unique selling proposition.

657

1.52K reads

Build a community around your business

Begin by inviting your friends and family and urge them to bring their acquaintances on board.

This can manifest into a social media – a Facebook page or group that you may ask them to be a part of, a Youtube channel that they can subscribe to.

621

1.14K reads

Offer discounts

Offer discounts

Utilize your platform to attract customers by offering your services at a discount.

This is where the previous work that you did for free comes into play since you can present it as a sample or part of your portfolio.

562

1.01K reads

Abridge gap with the customers

When reaching out to the customers through a sales pitch, ensure that it comes off less like a sales thing and more of a friendly encounter.

Keep refining your pitch and making it better to turn your passion into profit.

564

1.07K reads

Hire financial expertise

Incompetence pertaining to financial management and its related areas often leads to business failure.  

Perhaps you should buy accounting software and learn how to use it. You may want to hire an expert if you feel that a software system might not cut it.

510

1.26K reads

IDEAS CURATED BY

verra_

"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman

Vera 's ideas are part of this journey:

Persuasive storytelling

Learn more about business with this collection

How to use storytelling to influence and persuade

How to create a compelling narrative

How to structure your story for maximum impact

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates