Ways to monetize each passion - Deepstash

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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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MORE IDEAS FROM THE SAME ARTICLE

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.

Roadblocks are all of the factors that are preventing you from following your dreams

If you need money to help scale your business, instead of going to your local bank or searching for investors, crowdfund your idea on Kickstarter, Indiegogo or GoFundMe.

It takes 10,000 hours to become a master at something. 

It’s difficult to maintain your passion as you attempt to grow a legitimate business. 

Find techniques that can not only help you get outside of your comfort zone but also work on improving your weaknesses.

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

While you should have some sort of experience or skills to offer, there’s always room for you to learn and grow. 

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