My Offbeat Journey: How to turn your business from hobby to profitable Business
Even before leaving my day job and when I started and failed 3 other businesses, I’ve always had an issue in figuring out when a hobby is just a hobby and when to turn it into a profitable business.
I see this often in my industry where people are often focused on the creation part but do not focus enough on marketing and creating actual income from their hard work. I have done this my self, hence all the failed businesses. But I have definitely learned a lot from this mistake.
I do believe that taking a hobby and turning it into a profitable business is often hard for most people because we have this huge misconception that if we make money from doing something that we love, it can be ruined or we are selling out as creators. I have again made this mistake and was still very much unhappy because even though I was not making money from my passion, I was also still working at a job that I also hated.
So I realized that finding a balance between doing what I love making money from it has been a huge goal of mine. I wouldn’t say that I have made my income goals yet, but I can say that I wake up every day doing what I love to do and I get paid to do it!
However, it is a fine line between love and hate and I often get asked: “ what do you do to keep that passion alive with your business since you are doing it for money as well”.
My answer is, if you have the passion for it, it is not often that you will feel like it is work, and when it does feel like work, you have so much passion for it, that the motivation will keep you going.
Another thing that I do is to make sure to have another side hobby so that you can escape from your daily grind. Because like with anything else we often need a break, even from the things that we love.
If you are at the point in your business, where you are just creating and are too afraid to make money, stop it!
You deserve to be paid for the hard work that you are doing, and making money does not make you evil or greedy like what others may say.
It is not the money that is evil, it is what you do with it that matters. Once you have more disposable income you can help more people, you can create jobs, donate, help your family, friends and even make your wildest dreams come true!
For a long time, I have had this fear about making income and but I realized that I have to concur my fears and when that revelation happened, everything else started to fall into place. The money came when I needed it, and it made my work so much better because I felt like people were paying me for a great job I was doing and because they thought the services that I gave was worth the money that I was charging.
So, join me in re-evaluating our thoughts about money and stop keeping your business as a hobby and turn it into a profitable business!
If you are struggling with this issue, I would love to hear from you, make sure to reach out at email@example.com and let me know how I can help you unblock those misconceptions.