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10 Steps to Turn Your Passion Into Money
Combine Passion With Skills
Figure out how to create your own success tool kit /secret sauce made up of all the different skills and experiences that only you have. This is what will make you stand out and keep your service unique.
Maybe you’re thinking about a career in photography. Maybe you also have writing skills, and you could start a blog to promote and build excitement around your photos.
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Identify What You Love to Do
If you weren’t dealing with your job every day, what would you be doing instead? Any activities you can dream of can be turned into a money-making venture.
If you’re still not sure, then take some classes. Try a few things out before making your choice.
Do It For Free
Before charging people money, do what you love for free for quite a while.
Doing the work without worrying about turning your passion into a business right away will help you hone your skills and build your confidence.
Determine Your Ideal Client
Spend some time researching the needs, interests, and preferences of your ideal client. Then brainstorm ways to help them.
Think about your ideal customer. What’s their lifestyle like? What else do they like to do? And most importantly, based on who your ideal client is, what value can you bring to them?
Make Connections
There are plenty of cheap and easy ways to expand your circle and attract people who share your interests.
For example, if you want to write about food, start a food blog and get on social media. Invite friends and followers to share your writing for the chance to win a free cooking gadget. When you build your platform, you’ll be a more attractive contributor to a web site that pays writers.
Do It For Cheap
When you reach out to paying clients, you’ll be able to present the free work that you did as a sample or a portfolio. For a job that’s service-based, make sure you get references to help you move into the paid arena.
What Works and What Doesn’t
Take notes as you gain practice and experience; learn from both mistakes and successes.
Maybe you’ve found that the blog you’re keeping for your budding photography business isn’t gaining traction, but your Instagram account is getting lots of attention; it might be time to refocus your strategy.
Note What You Like and Don’t Like
Don’t get stuck in a rut just because it’s the path of least resistance. It’s okay to adjust and shift gears as you go.
Maybe you thought you’d like taking wedding photographs, but the hours are a killer, and you think you’d prefer studio work.
Simplify Your Message
In order to get the word out, refine your elevator pitch. Think about including not only what you do, but why you do it.
Your “speech” should sound like a friendly conversation that tells your story, not a sales pitch.
Follow a Pro
Take a look at the people you admire who are doing the work you want to be doing. What’s their strategy? How do they do it?
There’s no need to reinvent the wheel, Copy strategy, but make the rest yours.
Don’t Quit Your Day Job Too Early
A day job can help fund your new venture until you start making real money, which takes the pressure off your passion project.
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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 ha...
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.
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.
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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.
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Defining "Success"
“Success” isn’t just having lots of money.
Success is continuously improving who you are, how you live, how you serve, and how you relate.
Putting "first things" first
Start the day with your #1 priority.
Getting up early isn’t enough. You need to put first things first. When you put your top priorities first, then you ensure they make it into the bucket of your day. After your main priorities have been completed, the rest will fill the gaps.
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