Align your decisions with your vision - Deepstash

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How to Turn Your Passion Into Profit

Align your decisions with your vision

Find the right people to bring on board and the best strategies or tools to use. Be very clear about why you are creating your product.

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SIMILAR ARTICLES & IDEAS:

An old concept

Beauty supplements aren’t a new concept. We've been able to buy hair and nail formulas for decades at the drugstore.

The supplements, from vitamin ingredients like biotin, zinc, folic ac...

The beauty supplement market

Although beauty supplements were a small part of the beauty industry previously, they are now becoming increasingly popular. The global beauty supplement market is growing rapidly and is expected to reach $6.8 billion by the end of 2024.

A survey of buyers revealed that supplement brands, not skin care or makeup brands, are most likely to be picked up by retailers, as

beauty supplements have become hope in a bottle.

Marketing supplements

The concept may not be new, but the techniques used to market supplements are.

In 2013, companies realized they could make use of social media to promote their supplements as youthful and fun.

One of the attractive qualities for supplements is a strong engagement on social media, with packaging designed to be super-shareable.

It takes more than just passion

Make sure that you’re actually good at what you do. 

Ask yourself if you’re willing to put in the hard work and if there is a market for you to tap into. Even if it’s just t...

How can you make something better

Let’s say that your passion is playing the guitar. What void can you fill in that marketplace? For example, if you can repair guitars and realize that there isn’t a repair shop anywhere else around, that could be a business opportunity.

You also need to ask yourself how you can make the industry better.

Ways to monetize each passion

Think of all the various ways that you can actually make money off your passion. This may include:

  • Selling an actual product.
  • Sharing your knowledge about your passion by blogging, writing books or filming videos. 
  • Offering advice as a consultant in anything from accounting to gardening.
  • Becoming an investor in an idea that you’re willing to financially support.
  • Inventing a gadget or software that makes life easier for people. 
  • Building an event around your passion, such as a festival or community organization.
Address It Directly

When conflict arises, you need to raise the issue with the parties involved. 
Emphasize the need for your employees to address it. Explain that negative feelings and thoughts c...

Listen to Both Sides

Speak with each party separately to gain their perspective on what the tension is all about. 

Make sure that along with any emotional information, you discuss specific facts or events that led up to or inflamed the situation.

Bring Both (All) Parties Together

Allow them to share their version of the events or issues. 

Often, this step will elicit issues or facts that the other party was unaware of.