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How to monetize your passion

Everything basically comes down to a few steps that look simple enough on paper, but might play out differently for you as you’re on your way to monetizing your passion

It’s important to not think of the end goal being only making money.

You can’t sustain a business this way because it’s too narrow of a definition of success. Yes, you want to make money along the way, that’d be terrific, but you also want to share a part of yourself with the world.

Sharing your product, whatever it is, has to mean something to you and your customers.

Your business won’t be sustainable if you only care about how much you’re earning – you have to care about your product, about your customers and the impact your product is having on their lives.

Your customers are your lifeblood in this particular scenario – never dismiss them.

They are real people with real wishes and desires and they are what will either help your business grow or run it into the ground. So, here are a few things to consider as you move ahead with your side hustle:

Important disclosure: we’re proud affiliates of some tools mentioned in this guide. If you click an affiliate link and subsequently make a purchase, we will earn a small commission at no additional cost to you (you pay nothing extra).

There are hundreds and hundreds of articles online telling you how to monetize your passion and turn your hobby into something more.

There are life coaches, business gurus, and advisors that will, for a fee, tell you exactly what you need to do if, for example, you want to turn your passion for baking into something that also brings in the cash.

If you don’t have the money to pay someone who’ll coach you through the process, you kind of have to figure it out on your own, with the help of the internet, friends, or acquaintances who’ve done it before you.

Out of all the advice, you’ll hear, both solicited and unsolicited, there are some truths that can not be denied, and some of them might not be what you want to hear.

One unavoidable truth is that starting your own business is hard and the second part of that truth is that you might fail, and fail hard. We rarely want to think about this kind of outcome, but unfortunately, it’s the one thing that’s fairly common.

According to SBA (Small Business Administration), 80% of new businesses actually make it past their first year.

It’s what comes after that is a bit more discouraging – with roughly half surviving the first five years and only one-third making it past the 10-year mark.

There are many reasons why small businesses fail:

  • Not enough initial investment
  • Oversaturated market
  • Your pricing was too high
  • You’ve over-extended yourself, not realizing how much time and sweat will actually go into creating something that will flourish in the long term.

We’re all aware of the success stories out there – of bloggers making millions doing what they love, whether it’s traveling, cooking their favorite recipes or making their own homemade candles, or becoming an interior or a graphic designer.

And sure, they share some of it with us, common folk, but are they really sharing the whole truth?

What it cost them financially, emotionally, and physically to get to where they are.

Some bloggers do share, and that’s nice and all, but all stories and businesses are different. People are different, so each story, including your own, might reflect, but never copy someone else’s.

Here Are A Few Pointers To Get You Started 👇🏽

Define Your Passion 📃🖊

Probably the very, very first step is to figure out what your passion is and whether it’s actually something you can imagine doing for a living or something that you enjoy doing only occasionally, whether it’s starting a lifestyle blog, SaaS, or something else entirely.

These two are different things – your passion is something that you probably can live without, but it’s not the kind of life you’d want to live, whereas the second thing – what you enjoy doing, but can go without for long stretches of time, that’s not your passion at all.

So, the first step – do some soul-searching and reflection and hopefully come to a conclusion whether you do, in fact, have a passion, and if you do, then move on to the next step.

Figure Out Your Product 🤔🛍

The next step is… what are you actually trying to sell? As I’ve mentioned before, market oversaturation is a real thing, so be careful.

How to monetize your passion

If you build it, they will come” — GREAT movie — TERRIBLE ADVICE for marketing your business!

That’s because in business, there are a lot of moving pieces that have to become ‘aligned’ together before “they will come.”

But in this training, we’re going to share our Alignment Strategy to let you figure out all these pieces and how they move together. We call it our “4-Part Process to Monetize Any Skill or Passion.”

From our own experience, we’ve learned that business success is a blend of:

  1. What you’re selling,
  2. What unique qualities and skills you have to offer,
  3. Who you are selling it to, and
  4. What problem(s) you’re helping them solve.

All 4 of those things have to be aligned in order for it to all work together.

Ideally, it’s all framed out BEFORE you create/design what you want to sell, but we’ve also worked with people that had 3 of those 4 things rockin’ BUT still needed help in ONE quadrant for the whole thing to start working and really take off!

That’s why in this training episode wanted to break it down for you and make it really simple. You’re about to learn our 4-part strategy on ‘How To Monetize Your Passion’. It’s packed with examples and insights to help you establish a lucrative business doing what you LOVE!

Click below to watch the show: (OR, if you prefer to LISTEN, you can CLICK HERE to jump to the bottom of the page to enjoy the audio only version)

September 26, 2020

Are you thinking about monetizing your passion project and wondering how to do it?

Before I share a 4-step process with you that can help you begin to turn your passion project into a side hustle, let’s first explore why it might be time for you to do it.

I recently talked to someone who had started a passion project—writing fiction—a while ago.

This person, let’s call her Astra (not her real name) was wondering if she should continue. While the writing was often fun, she wasn’t sure if her passion project was worth it, given the time commitment and that she made no money from it.

Astra’s experience is not unusual at all.

Her experience is very common. Before I decided to do what I love for a living, I started offering free group calls where I helped people work through the blocks that held them back. It was my version of a passion project.

At first, I felt ecstatic. It was wonderful to help people and practice my skills. It was great to do something that felt aligned and that I felt passionate about.

But after a while, that excitement wore of. I needed to figure out why my feelings about my passion project had changed so dramatically.

Free DO WHAT YOU LOVE MINI-COURSE

Here’s what I learned about the need to monetize your passion project:

Motivation persists when efforts feel rewarding and the perception of reward can change.

In other words: your passion project has to feel rewarding to you, and what that means might develop over time.

At first, expressing you passion or getting positive feedback might be enough. But over time, you might also need other rewards to stay motivated. One such reward is financial compensation.

Let’s explore how you can start getting paid for your passion project.

FREE Do What You Love Mini-Course

The 4-step process for monetizing your passion project:

Get clear on if and to what an extent you want to monetize your passion project

The first step to change is clarity. You need to get clear if and to what extent you want to monetize your passion project.

While turning your passion into a side hustle has many benefits, it also has drawbacks. It can turn something that you feel passionate about into something that feels like a job.

The pressure to earn money from your project can kill off the passion that made you start it in the first place. This is something I experienced when I started charging for some of the things I previously did for fun. So, tread carefully. Not everything should be monetized.

The extent to which you want to monetize your passion project also makes a difference:

  • Do you mainly want to cover associated costs?
  • Or do you want to recover expenses and get some extra pocket money from it?
  • Or do you want to go all-in and turn your passion project into a genuine additional income stream?

The more you want to earn from your passion project, the more effort and time you will likely have to put into it.

Example: “Hmm, I definitely want to recover my expenses. It doesn’t feel good to pay money to do this. I also would like to get some pocket money from it. Would I like to turn it into a genuine additional income stream? Perhaps later. Right now, I first want to start earning some money from it.”

How to monetize your passion

“But remember the LORD your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your ancestors, as it is today.”
— Deuteronomy 8:18

How to Monetize Your Passion

You have to build your business around your passion.

I really believe that passion is the proven path to prosperity.

There are four powerful keys of “Doing What You Love, the Money Will Follow”. Many entrepreneurs have violated them to their own peril. I’ve seen so many people fail in their business because they don’t do what they love.

Some people just copy the businesses they see around them.

Remember the shawarma craze?

How about when lechon manok was on every street corner?

Or when people went gaga over pearl shakes?

Don’t follow the crowd.

Follow your passion instead.

There are four principles to harness your passion for Business Success:

  1. Find your passion.
  2. Turn your passion into profit. Find a business angle to your profit.
  3. Create raving fans through your passion.
  4. Pursue excellence by your passion.

Friends, I’m going to say it again. Don’t follow the crowd. Follow your passion instead.

My friend, Rowena Cequeña, wrote a helpful book entitled, Handy Guide for Business Starters. In this small, but powerful book, Weng explains in simple, understandable terms the steps you need to do when you are starting your own business. Believe me, this book will save you a ton of money and will help you put up the business of your dreams.

Excerpt is taken How to Turn Your Passion Into Profit by Bo Sanchez and Dean Pax Lapid.

Photo credit: http://www.passionfruitpeople.com/images/passion-business.jpg

How to monetize your passionAre you an aspiring entrepreneur putting up a business or planning to have one?

This book is for you.

Having an idea for a business is easy, but starting it is another story. The Handy Guide for Business Starters will show you the way in knowing what form of business your enterprise should take, where to have it registered, and what reports you need to submit monthly, quarterly and yearly to the Bureau of Internal Revenue, Securities and Exchange Commission, and the Department of Trade and Industry.

Find out all these things and more in this tiny, but powerful book!

Online courses are the best way to monetize your passion in the modern world. After all, e-learning has made a mark and reached multiple milestones since its inception. Also, it has become the first choice for people who wish to start a career as a freelancer.

To enter the world of e-learning, a passion for teaching is all that is needed. The rest is taken care of by an advanced LMS like Learnyst that offers a line-up of features and benefits to make you succeed in your endeavor.

Now, there are multiple steps to monetize your passion through online courses. Let’s go through the steps one by one.

Steps to Monetize your Passion through online courses

Pick the course topic

You must be wondering –

  • Why pick a course topic when I already have found my passion?
  • Won’t I be directly teaching my passion?

To answer these questions, let us pick a simple example. Let us assume that your passion is painting. Now if you create an online course on painting, nobody will sign it up because painting is a vast field. There are hundreds of specializations under it such as oil painting, acrylic painting, watercolors, landscape painting, and so on. People love to get specialized on something instead of participating in something generic. This is where you need to pick a topic that you will teach as your course.

To pick the course topic, the first thing to do is make a list of all sub-topics you have in mind that fall under your passion and conduct a brainstorming session with your peers and Subject Matter Experts (SMEs) in the industry. When you have expertise in more than one topic, evaluate your level of expertise and pick the one that is in higher demand currently.

Looking for some course topics? Here is a list of the most demanding topics in 2021.

Be Unique

Making profits out of passion is possible only when you find a business opportunity in your passion. To find that out, you have to analyze the market thoroughly. Remember – there will always be competitors. Instead of thinking of beating them, understand why they are successful in selling the same course. Follow their paths. However, in addition, add something unique to it. For example, offering a virtual reality experience to your course takers.

Create the course content

Now that you have done the analysis, it is time to get into action. This starts with writing the course content and formulating a syllabus. The purpose of creating a syllabus is to give the students an idea about the course and the major takeaways that the students get after crossing every milestone in the course.

Put yourself into your student’s shoes and understand what they would need from your course. Your passion will get converted into profits only if it proves useful to the learners.

How to monetize your passion

Build a sales page

A sales page always comes in handy when you want to sell a course. A sales page is nothing but a landing page through which you can make the world aware of your passion. Design the sales page in the most attractive manner possible that enhances the audience’s attention and makes them buy your course instantly.

Copywriting is something that you need to consider seriously in this step. There are many freelance copywriters whom you can hire to write captivating sales copies for your online course.

There are 2 factors to consider while creating a sales page –

  1. What do your target audience like to see?
  2. What are the problems faced by your target audience?

A landing page that answers the above two questions is the perfect landing page for your online course.

Set a price for your course

This is where you decide the margin you wish to receive for your course. Setting the right price for your course is very important since your entire business is dependent upon it. It is important not to charge too low or too high. Both can have adverse effects on your business and eventually hinder monetizing your passion.

To calculate the perfect price, evaluate the topic which you have taken for teaching and analyze the competition for the topic. Also, evaluate the investments you have made and the costs you have incurred in creating the course and then fix a price accordingly.

Here is a guidebook from Learnyst on “How to Price your Online Course”. Use this guide to know more about different pricing policies and the techniques to evaluate the correct pricing model.

Market your passion

This is the last step. After everything is ready, it is time to take the course to the audience and make them buy it. This involves a high level of strategic planning to churn out the best marketing campaigns for your course.

The first choice that comes to our mind is always social media. Social media marketing comes with a wide array of benefits. Also, you can most of your learners on different social media platforms. You can even run ads on Facebook, Instagram, Linked In, Pinterest, and other platforms to market your course to the audience.

About Learnyst

Now that you have seen how to monetize your passion, the next logical action to take is where to monetize your passion. The answer to this question is Learnyst. Learnyst is a powerful LMS platform that lets you create and market your online courses effortlessly. It doesn’t matter what your passion is, Learnyst can accommodate any type of course and help you monetize it effortlessly.

To get started with Learnyst, sign up for a free 14-day trial.

How to monetize your passion

So you’ve spent time creating (social media) content and have started building a devoted following.

Is there a way to put that effort to good use and start building income from those accomplishments.

Yes, and quite a few ways actually:

Use Native Ads

This is the easiest and most obvious option, albeit not an ideal one.

Monetizing social media content through a respective platform’s ads doesn’t require any other effort from the creator’s part except for producing content which they do anyways.

Most platforms have some requirements as to the amount of following and engagement an account receives in order to monetize their content through ads:

  • On Youtube a channel has to have at least 4,000 valid public watch hours in the last 12 months and more than 1,000 subscribers to be accepted into the Partner Program which includes monetization options through ad revenue sharing.
  • On TikTok, a creator is eligible to join TikTok Creator Fund (their native monetization platform) if they are at least 18 years old, have 10,000 followers or more, have generated at least 100,000 video views in the last 30 days and post original content.
  • On Instagram you can monetize your Reels and that program is still invitation-only. You can also earn money through sponsored badges followers can buy during your live streams but you are required to have at least 10,000 followers to qualify for this option.

Not all social media platforms have come up with native advertising platforms yet, and not all of those that have offer great terms. Besides, native advertising eligibility and TOS tend to change as the platform grows.

Youtube is one platform that is well-known for changing their advertising platform several times leaving creators confused and desperate. It is also well-known that Youtube’s native ads no longer delivers high incomes, so even the most popular creators are looking for more ways to monetize their videos.

Yet, there is no harm in giving this option a try if you qualify.

Create and Sell Digital Products

Monetizing digital content is another pretty easy option that allows you to make some income from your social media content.

It is not easy to come up with great content that people would buy but in some niches it is a very common way to make money. You can sell worksheets, original recipe collections, food plans, and more.

You don’t have to master any design skills to create something useful. It can be as easy as designing an eBook in Google Docs. It’s the quality of the product that counts.

This option gives you the freedom and flexibility of relying on your own product and your own process.

In some niches, you can even sell your services (coaching, consulting, training, etc.)

PayKickstart allows you to create your own ecommerce site to sell your own digital products. The platforms will encrypt your download links (to minimize illegal sharing) and let you accept all kinds of payments – from credit card and PayPal to wire transfers and Apple Pay.

Once you set everything up, PayKickstart will handle the entire process – from accepting the payments to delivering your digital product – so you can focus on growing your audience and creating great content.

Sell Services

In most niches, you can start selling your services (coaching, consulting, training, etc.) to teach followers to do what you are good at. Most influencers sell premium membership to their boot camps which is essentially another way to sell services.

vcita is a digital marketing platform for small businesses that can help you bundle up your various service products as package deals that customers can easily redeem one session at a time.

How to monetize your passion

The feature is called “packages,” and it helps you sell more by combining a series of appointments or services (typically at a discount) and selling that as one.

By offering packages, influencers can increase their monthly income with higher-tier offerings while also committing to clients long-term.

Sell Affiliate Products

Becoming an affiliate of a company means selling its products and earning a commission off any sale.

Whether you have a site or a social media channel (or both), this option is a great way to build income. Just make sure your site visitors and followers know you will earn a commission if they buy anything through your links.

Here’s our own list of highest paying affiliate programs to monetize your content. There are also quite a few free WordPress plugins allowing you to easily add and track your affiliate links.

Your affiliate program choice will depend on your audience and the nature of your content. So look carefully and try a few products – it may take time to find a perfect fit!

Find Sponsors

If you have a popular and an active social media channel, companies are likely to already be approaching you with sponsorship opportunities. There are platforms to find more.

Don’t promote anything that comes your way though. Insist on trying a product first and promote it only if you genuinely liked it.

Trust and reputation take a lot of time to build but both can be ruined if you start coming up with misleading sponsorships.

Sell Branded Merchandise (Merch)

If you have developed a distinct visual identity, consider coming up with exclusive merch for your fans and followers to buy.

There are a few platforms allowing you to create all kinds of merch, from Tshirts to purses.

The only downside of this option is that you need to build a really excited and engaged audience which is not easy.

Sell Physical Products

Many creators and social media influencers attract their audience due to a distinct talent that shines through their content.

It is often possible to turn that talent into a product. These could be ornaments, paintings or photos, and even make-up lines.

Self-publishing and selling books is another great idea, especially for those who have created enough content to repackage into a book.

Consider setting up your own online shop to link from your bios and generate sales independently from third-party platforms and their commissions.

PayKickstart offers an all-in-one solution allowing you to sell your physical products or your branded merch. The platform helps you accept all kinds of payments (online payments, wire transfers, Apple Pay, etc.), automates your fulfillment, helps you with tax calculations.

It is a great solution allowing you to set everything once up and focus on creating your content letting PayKickstart do the rest.

Conclusion

Luckily, there are lots of options for influencers to monetize their efforts. By all means, try all of them and keep those you feel best about. Good luck!

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How to monetize your passion

Recently, I was strolling through my neighborhood listening to one of Oprah’s Super Soul Conversation podcast episodes (is there a better way to chase away the Sunday blues?!). The guest was Elizabeth Gilbert. Yes, the Elizabeth Gilbert of Eat Pray Love fame; the Elizabeth Gilbert that has inspired us all to follow Big Magic and commit to discovering our passion; the Elizabeth Gilbert of whom I seriously can’t get enough.

How to monetize your passion

Except this time, she had a slightly different message. She spoke about a realization after reading an email from a disheartened fan. It hit her that her years of encouraging people to follow their passion as the surefire road to true happiness, it had actually led to a promise of something that’s not always realistic.

Maybe you don’t have a passion that is meant to be your life’s work. You’re not a painter, you’re not a poet, not a writer, not someone who plans on founding the non-profit that will solve world suffering. And that’s OK. You could be an amazing friend, an incredible mother, or someone who finds joy and curiosity in the everyday. You do not need passion for anything other than life itself.

But, what I actually got out of this podcast was something even greater — something that resonated with the culture we live in today, where we’re bombarded with messages telling us that we haven’t made it unless we quit our day jobs and follow the work that brings us unlimited joy.

You don’t have to monetize your passion.

Too often, the message of carving out your solopreneur journey is pitched in the same, “You’ve got this, girl!” voice that we’ve come to associate with MLMs and Facebook messages from high school acquaintances that are hawking the next big get-rich-quick scheme. Our passions have become commodified to the point where we’re led to believe that we are somehow inadequate if we haven’t quite figured out a way to make six-figures while sitting on a beach in Bali.

Of course, if that’s your goal, that’s great. Get after it.

But, if it’s not, don’t measure yourself against your ability to make money from something that you enjoy simply for the act of doing or creating. You don’t need to sell your art to derive value from it; you don’t need to leave behind your 9-5 because you have an eye for photography; you don’t need to become a digital nomad to appreciate travel. Your passions can be the exclamation points that punctuate your days, rather than the money signs that drive your motivation.

Don’t measure yourself against your ability to make money from something that you enjoy.

Plus, think about the implications of monetizing the things that bring you joy. When you need a stress release from the grind of the everyday, you turn to painting or writing. What would happen if those things were no longer your retreat, but your primary source of income? While it can be wonderful to share something you love with the world and make money from it, it can also be exhausting. It can suck the inspiration right out of your passion when you feel like you’re on the clock, always trying to meet deadlines and hit sales marks. It’s easy to let your billable hours creep into your off hours when passion and work are one in the same, and while some people thrive in a state of constant creation, others find themselves rapidly approaching burnout.

However, when you release the need to turn your passions into entrepreneurship, you are given the freedom to fully enjoy the act of creating, doing, and finding pure joy. You’re no longer at risk of compromising the unadulterated excitement you get from exploring and growing your talents — you’re permitted to truly pursue your passion for passion’s sake.

When you release the need to turn your passions into entrepreneurship, you are given the freedom to fully enjoy the act of doing.

Now, I realize this may sound rich coming from someone who is a writer — someone who did find a way to turn their passion into a career. For some of us, like Elizabeth Gilbert has often said and says again on Oprah’s podcast, this was the only choice. But, for many others, we can excel in a career that brings us fulfillment, and we shouldn’t feel pressured to leave it behind just because the blissful concept of full-time pursuit of passion is the bill being sold on social media.

How to monetize your passion

Let me guess…You’ve been working the same boring job for too long. You longingly look out the window on the clock or silently fantasize about what you could be doing instead. Maybe you go home and do some moonlighting into the wee hours of the morning. Whatever the case may be, you’re ready for something new. You’re ready to follow your passion.

“That’s impossible!” you say, as you’re convinced that “there’s no money in that” or “I work too much” or “that’s way too hard.” While being practical is an important piece of the puzzle, I’d like to invite to ask yourself, “What is the cost of my happiness?” The truth is, it’s priceless.

As someone who’s been there, done that, and been up and down the rollercoaster, I’ll tell you that monetizing your passion project is both worth it AND it’s possible. Here’s how!

Where to Start

What IS Your Passion?

This is the most important question of all. Do you know what you want your passion project to be? If you already do, skip this step. If not, try this exercise.

This might give you a little insight into your purpose and passions in life.

What is Your Product?

Now that you’ve found your passion, you want to live it . I’ll go ahead and remind you, it i s possible! Rather than just imagining your dream life becoming real life , you can actually monetize your passion project. Take a moment to find a piece of paper and a pen, maybe even a poster board if you want to go all out, and start brainstorming these three questions.

What is your product?

Remember, you’re turning something you’re passionate about into a sellable product. What will you be selling? Is it a physical object, a service, entertainment, delicious food? The more specific you can be about what your product is, the better!

Who is your audience?

Being clear on your target market is just as important as nailing down the specifics of your product. Who are you selling to? Think about age range, demographics, culture, salary, values, and interests. Create your ideal “avatar” or client and this will help you develop your marketing plan in the long run.

How can you be different?

The market is competitive, that’s just the truth. Chances are, there’s someone out there who is already doing what you want to do. How can you carve out a unique niche for yourself? What will set you apart from the others? What will capture someone’s attention in the middle of hundreds of advertisements?

Marketing

Your marketing plan is what will bring your passion project to life. It’s how you get the word out, gain clients, and get the ball rolling. Exciting, right?! Take out a new sheet of paper and get started on your marketing plan. Consider these points:

Branding

Time to get creative! Now that you know what your product is and who you’re marketing to, you’re ready to brand. A brand is a business’s identity. It includes the company name, logo, color schemes, and overall personality. If you have great branding, you’ll attract your desired niche and stand out in the crowd.

Strategy

Now for the nitty-gritty. Do some research and find out which platforms best capture your product and audience. Social media is the gold mine of marketing! You can use platforms like Facebook, Instagram, and Twitter. Of course, with the size of the Internet these days, the options are unlimited. Once you’ve decided which platforms to use, create an outline to track how often and what type of content to post. This will keep you on track.

Goals

You’ve put in the legwork and are ready to monetize your passion project. The best way to motivate yourself is to set goals. Decide what you want to achieve and by when. For example, you want 20 new clients by the end of the year. Reverse engineer how that would look – Where did you find them? What ultimately made them hit that “buy” button? Does 20 new clients mean you need to revamp your whole system? Would you need to hire support? How do you plan to manage your time at full capacity? Remember to be specific, set new goals when you’ve achieved your old ones, and be gentle with yourself if you don’t reach them.

Reminders

Baby Steps First

Turning your passion project into a reality can be scary, especially if you haven’t started yet! My advice to you? Start small. Set tiny targets for yourself. You don’t have to go all out at once. Any milestone is huge and will count towards your ultimate goal.

Another point I’d like to make is that being uncomfortable is OKAY. In fact, that’s exactly how you ought to be: out of your comfort zone . You’re setting out on a brand new journey. As you dive headfirst into your fears, you’ll come out much more strong, confident, and knowledgeable.

Fun is Key!

It’s easy to get burnt out, even when doing something you love. Running your own business can look like working crazy hours such as late into the night or ridiculously early in the morning. If this happens, take a step back and a few deep breaths. Think about ways you can incorporate fun into your work time or in between sessions. Remember why you started this venture in the first place…because it’s what you love to do!

Keep Going

Turning your passion into a business will likely lead to occasional setbacks. Don’t let this discourage you. These bumps in the road are great learning opportunities and show you how you can do better the next time around. I encourage all of my clients to keep a Success Journal to capture all of the wins and good moments along the journey. That way, whenever they’re facing a setback, they can look back at the journal for inspiration! With that being said, keep going! It’s worth it.

Extra Help

It may be a good idea to hire a business coach. Check out Eight Signs It’s Time To Hire A Business Coach . Getting some extra help (especially if it’s the right help) is a guaranteed way to move forward with your ideas, grow your marketing techniques, and increase revenue. Monetizing your passion project can be a big project, so investing in the extra help will pay off!

Need inspiration? More tips on how to monetize what you are good at? Check out my free podcasts from people who have turned their dream life into a reality!

How to monetize your passion

It would be ideal if we could all make money pursuing our passions, but there are some jobs that no one seems to have a passion for, which would create serious problems for the rest of us. However, it is possible to follow your passions, monetize it, and make a living doing something that you love.

The question becomes “Where do you start?” That one is followed quickly by “How do you do that?” The answer, as with the answer to many other things, is that it depends. It depends on your passion, what your definition of making a living is, and how determined you are to make that passion into a profession, a vocation, and even a career.

It is nice when someone asks, “What do you do?” to be able to answer with the thing you are most passionate about. But to love what you do and monetize from your passion, there are some steps you need to follow.

Your passion might be photography. However, that is a broad field and there are many types of photography. Some are easy to turn into a way to make a living, others are much harder. To determine how to monetize your passion, you will have to narrow it down. For instance, if you want to be a photographer, you will have to determine what kind of photographer you want to be.

If you like to take pictures of people, there are ways to make a living as a portrait photographer, or you can do something outside the box like Brandon Stanton did with Humans of New York. If you prefer to take landscapes and nature photos, there are other ways to sell your photos and prints online and make money from your photos.

The key is that you need to specialize beyond a general occupation like writer or photographer to what kind of writer or photographer you want to be.

Getting educated does not mean that you have to go to college. It does mean that you need to know something about your passion and the best ways to use it, and that you need to get better at it. It is rare that your first novel will be the Great American Novel That Launches You to Fame. It is more likely that this will come several books down the line if it comes at all, once you have learned more about the writing craft.

The same is true for photography, music, or any other passion. It is unlikely that a self-taught photographer without a mentor or any education, or a musician who has never had lessons, will simply become the next Ansel Adams or Carlos Santana. The most famous writers,

photographers, and musicians have all had mentors and learned from someone even if just from peers, writing groups, or community classes.

Education does not have to be formal, but it does have to exist. Without education it is more likely that your passion will remain a hobby rather than a profession.

One option for monetizing your passion is to get a job. If you can get someone else to pay you to do the thing that you love the most, you’re winning. Of course, for some passions this is easier than others, but you may be able to get someone to pay you to take portraits even if it is just in a small studio. This still creates the opportunity to gain experience.

The same is true for writing. You might get a job writing blogs for different websites. That counts as writing practice and you have the chance to be creative just like if you are writing fiction. It also teaches you to write tight and too a deadline. The same can be said for journalism and other kinds of writing.

The experience you gain in working for someone else can also benefit you in other ways. It can set you up for going your own way and starting your own business.

This is yet another way to monetize your passion. Start your own portrait studio or open a gallery. Open your own coffee shop or embark on a freelance writing or photography career. Whatever you are passionate about, look for a way to turn it into your own business.

A word of caution here: this also means you need to have a mind for business and be self-motivated. This is often the case with our passions, but you need to be sure that you understand there are administrative burdens and tax issues you must deal with when you are self-employed that do not affect you when you work for someone else.

Owning your own business lets you be in charge of your vision and make decisions without placating someone else’s desires and dreams unless you take on partners or investors. This does have its drawbacks though, so be sure you are not ignoring the advice of others who could really help your business grow and thrive.

You’ll need some business education to do this, so besides being knowledgeable in your passion you will also need to be knowledgeable in how to effectively run a business.

Monetization of a blog is another great way to make money with something you are passionate about. It is also a lot of hard work. You will need to first choose and set up a domain name, one that is easy to say, spell, and type into a browser. Then you will have to choose hosting and design your site.

Once you have done those things though, you can start blogging. You will need to build up an audience through social media and even paid ads first, but once you have some traffic coming to your site, you can then look at making some money. Money comes from blogs in a few different ways, and for more tips click here for advise on monetizing your website.

* Ads: You can run native ads like those from Google or Amazon, or you can sell ad space on your site, and even through the use of social media.

* Affiliate Programs: These are links, photos, or ads you put on your site that allow you to get paid every time someone makes a purchase.

* Sponsored Posts: Some brands and even SEO companies will want to be featured on your blog and will pay you to place their posts on your site.

* Site Sponsors: When you have enough traffic, a brand or business associated with the topic of your site might want to be featured regularly. This site sponsorship can be a great source of regular revenue for your blog.

You can monetize your passion in a number of ways. Doing what you love and making money at it makes your life richer and more fulfilling. It will still be work, but if it is work you love, you will be a happier and healthier person for it. Follow this guide to monetizing your passion today.

How to monetize your passion

Author: Mandy Kloppers

Mandy is a qualified therapist who treats depression, anxiety, OCD, PTSD, trauma, and many other types of mental health issues. She provides online therapy around the world for those needing support and also provides relationship counselling.

You have to decide these three things before monetizing your passion

I monetized my writing last month.

I started writing back in December 2020, and I wanted to take writing seriously. Six months into writing, I made over 2k from writing on this platform and freelancing gigs.

I had no experience in writing before this.

One of the things I hesitated doing was to monetize my writing. But at the same time, I wanted to learn how to make money as a writer.

I was scared that if I monetized my writing, I’ll fell out of love with it. It would just be another “job.” I’ve done five projects for one brand, and so far, I still love writing. There are days that I don’t write, and my heart feels empty.

So if you’re thinking of monetizing your writing, here are some of the processes that helped me decide.

I published 60 long-form essays and 50 short-form essays before I monetized my writing.

I had to be sure that I liked writing, and what’s the best way to find out? By doing it a lot. For someone who’s multipassionate, I get bored pretty quick and easy. But writing seemed to be sticking with me, so I knew I had to nurture this skill.

I made sure to do that by doing it every day and publishing at least 3 per week on Medium and Twitter platforms.

Before you start thinking of monetizing, you have to be comfortable in writing. Because when you’re not comfortable, it’s going to be hard for you to write for other people.

How to apply this today:

Take some time in figuring out on a scale of 0–10 how comfortable you are with the skill. If your comfort level is below 5, then it’s a sign that you still need to keep practicing for free.

Practice writing until you’re comfortable in doing it for yourself. Eventually, you can figure out how to write for other people.

There are many forms to directly monetize your writing.

You can write long-form blog posts for others (i.e. content writing), or you can help people sell their product with written content (i.e. copywriting).

I was comfortable writing blog posts that I was starting to get bored. But of course, I didn’t want to drop it. Instead of picking up a new skill, I used freelancing as an excuse to help me become a better writer.

Freelancing helps you learn how to cold pitch, face rejections, negotiate contracts, get paid well for your craft. Overall, it helps boost self-confidence.

I do have the luxury to try out freelancing because I have my nursing job, so I’m not worried about putting food on the table. I understand that not many people can afford to try this journey before going all in.

But when you put yourself in a controlled challenging situation, you’re forced to grow.

How to apply this today:

If you want to grow as a writer, you have to learn how to challenge yourself. This can look like submitting your pieces in bigger publications or monetizing. You might not know what to do, but you’re smart enough to figure it out. The only way to know what you need to learn is by diving into the experience.

I’ve always wanted to become a travel blogger.

Before the pandemic, I travelled a lot. But I never took the time to document my travels, which has become one of my regrets. But I realize that it’s because I don’t want to be known in the travel industry.

Diving into the world of creator economy and entrepreneurship, I fell in love.

So I became a creator by being a writer on two platforms, one of them being Twitter. This helped me meet amazing and interesting people in the creator economy.

Now, I want to learn everything that I can in the creator economy. As a self-motivation, I’m using my writing as a service to help creator-focused businesses. You can find companies and brands that target you as their audience.

How to apply this today:

If you know how to write well, you can combine your skill of writing and your personal interests. If you have a love for travel, you can start looking up brands, companies or publications that love to post stories on travelling. When you do this, you showcase your writing skills and you’re forced to learn the trends in the industry you’re interested in. It’s a win-win.

My first freelancing gig fell into my lap, and I’m pretty grateful for it.

If you have no financial worries, you can take the time to decide if freelancing is for you. So far, I’ve had my misconceptions about this world busted. You don’t need to start on UpWork or Fiverr to freelance.

I learned that you could get paid well for your first writing project and use that to get new clients.

But again, this whole experimentation only works if you can afford to. If you still have a day job, keep it and use it to your advantage to fund your side hustles or your passions.

You can always leap later on, so there’s no need to rush monetizing your craft.

How to monetize your passion

You can monetize your passion with some hard work and creativity.

Have you ever wondered how to start monetizing your passion? If you are already living your dream, doing what you truly want to do, and making money doing it, then great. You have already cracked the code. Unfortunately, most people aren’t doing that. Most people are working a job to make money for things like bills, other needs, and a few wants. You may have a few hobbies and interests outside of work that you have a passion for. Why not try to monetize them? Here is an overview.

Focus on Your Passion

Basically, don’t try to make money from something that you are passionate about just for the sake of making money. You have to care about your product or service and about your customers. You are solving a problem by bringing your passion to the market, and truly believing in it is key to success. The money will often follow if you treat your customers properly. Nothing is guaranteed of course, but simply chasing money is often the wrong approach.

Starting a business is hard, and the odds of success are against you. Many don’t realize the capital or hard work required to make a go of things. Others don’t understand the market for their service or product. There are fantastic stories of people quitting their day jobs and making millions on their product, but they are definitely in the minority. You will need a plan and a clear-cut set of goals if you hope to be successful.

Define Your Passion

What is your passion? This might be the most important question that you ask yourself. What is that one thing that you absolutely love to do? It is something that you know inside and out. Something that others have commented how well you know it or do it. Whatever this thing is will be the thing you try to monetize.

Start Small

Instead of diving in headfirst, quitting your day job, and starting a business, think about starting small. There is nothing wrong with dipping your toes in the water and experimenting with monetizing your passion on the side. Working at your product or service at night and on the weekends is an excellent way to refine your skills, learn your market, and see what sort of interest exists in the marketplace.

If things ramp up over time, then you can start to make the shift into pursuing your passion on a full-time basis.

Have a Plan

This includes everything from a detailed business plan to knowing your market to learning how to market yourself.

Being passionate and talented towards doing something is great. But if you can’t bring it to market in a meaningful way, then you won’t be able to monetize it to any significant scale.

To be successful you need to study and learn your market. Is your product already oversaturated in the market? Who is your target customer? How are you going to advertise and market your product? How will you raise capital? Can you make yourself unique and standout from the crowd?

You should always be learning, expanding, improving, and networking. You’ll probably have to leave your comfort zone behind, but always remember your passion and your purpose. Many make the mistake of branching out too quickly or into areas that they aren’t truly passionate about.

Conclusion

Have you ever wondered how to start monetizing your passion? Monetizing a passion isn’t easy, but with a plan, a lot of hard work, and a clear focus you just might be successful at doing it. Making millions is not the norm, but you can at least pursue your passion on the side. Bringing your passion to market and making your customers happy could be enough of a reward.

How to monetize your passion

None of the breathing folks in this world don’t have any passion at all.

If you’re reading this right now, I believe that there’s something that you’re good at. Something that you’re best at doing. And that’s what we call “skill”.

That skill would turn into something worthwhile. Something that when you do it, you experience “flow” — a state in which you’re so immersed in what you’re doing that you seem to lose track of time. Something that when you do it, you feel the sense of fulfillment and purpose. something that you can brag to aanyone else because you know, you excel on that talent. Something we call it “Passion”.

With that being said, you need to hone that skill more. Because the good thing is, you can actually earn money by using that.

By the time you finally identify your passion, determine if it’s something very useful to others or does it fill the lacking.

For instance, if you’re good at baking, you can satiate the consumer’s sweet appetite. You can turn that out into a business when youd decide to put up your own bakeshop and serve the customers well.

When you have this special skill, analyze if if that will serve it’s purpose to people.

In that way, not only will you enjoy what your doing but also you get satisfied to serve people well in a profit.

Your passion might fall into either of these two categories: product or service.

Your passion could be something that creates a product which you can turn into a skill that you can leverage to several people. It could be a skill that is so hard to master and yet you’re specially good at it. That said, you can trade it to people in exchange for money.

Before you have to launch your business out of that skill, identify the ways on how you’re gonna market yourself to your future customers. Identify who are those ideal people suited to avail your business.

You have to do marketing so that people will know thaat your skill exists. There are a lot of ways to advertise your business.

For instance, through the internet.

Having been on the internet, you know that it is the medium where most people spend their time on. Therefore, You can market yourself on various types of social media platforms, where there are lots of traffic going on. Because of the power of the interemt, you can have a great chance of reaching them out.

On top of that, you must be skillful at persuading prospect customers to buy your product or service. Here’s where copywriting takes place.

For those people who aren’t familiar about it yet, Copywriting in a nutshell is “Sales in Print”.

That means you advertise your products or services in the form of writing. It is a persuasive form of writing in which you emphasize to the customers why they need your product and what benefit they can get out of it.

The more compelling your writing is, the more you likely sell to them.

Copywriting comes in different forms, it could be an Email Marketing, Landing Page, Social Media Ads, Web Page, Newsletter, etc.

To understand more of that, I highly recommend to follow these great gurus I’ve been following : Neville Medhora and Dan Lok.

Pricing is a crucial part in establishing a business. Since you have to price your product in a way you can get your profit after spendng on what it takes to create that product/service.

There are lots of things you need to consider in pricing.

It is very complex. You should assess if your product is affordable or expensive. However, it all depends on the quality and the time and effort it take to create what you sell.

This final step is when you have to decide what type of business model you’re going to use to sell. There are actually several types of business models to choose from.

Make sure the business model you’re gonna choose does not clash with the mission and vision of your business.

You have to consider also your personal preference for your business because there are some business models despite of being lucrative won’t work for you. Probably due to several factors such as availability of manpower, the space available, the amount of capital, the availability of raw materials, the time etc.

After you have known all of these, you’d better start resonating on how you can hone your passion into a level where you become exceptional and unique.

You can be the next person who becomes more sharply skillful at doing something than anybody else who does it. The more you have strong passion in what you do, the more income you can generate.

There’s nothing more satisfying than earning money out of doing your passion. Because it wouldn’t be so hard for you to make money. And at every failure you come across, you will never lose enthusiasm. It’s pretty easy to bounce back.

You should utilize that special gift of yours or it will wither. Although it can be a God-given gift, it would be a lot better and satisfying if you learn how to monetize your Passion.

Never miss out the chance of make a living out of it.

by Johnny | Sep 7, 2015

How to monetize your passionEvery person on the planet would love to learn how to monetize their passion, right? To most people it would be a dream come true. And to most people, it is just that… a dream. An unattainable dream.

But the thing is, it doesn’t have to be just a dream. With the internet being what it is here in the 21st Century, the opportunities are nearly limitless when it comes to creating income streams online.

Think about it. People are spending money on their hobbies each and every day. Seriously. Collectively, there are billions of dollars being spent each and every day online on all kinds of hobbies.

So my question is, why shouldn’t YOU be the source that people are buying from?

You’re probably thinking:

“I don’t have the money to start a business.” Starting an online business is the LOWEST cost business model on the planet. Heck, I started a lawn mowing business at the age of 12 that had a higher overhead than my internet business did when I first got started!

OR…

“I don’t have the technical skills required to set all of this up.” Busted again… I don’t have technical skills either… not at all. But I have been able to find resources and software that allows me to set up websites and campaigns using simple drag and drop methods.

If you are really serious about going after your dream lifestyle, you will not allow the small hurdles to get in your way. If you want it bad enough, you WILL figure it out.

Watch today’s video where I talk about how to monetize your passion using the internet… and after the video, I’ll go over a step by step plan to help you get the idea of what an online business takes.

How To Monetize Your Passion Online

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OK, so let’s go over what you actually need to do to set up an online business. You’ll find that it’s actually quite simple.

Starting An Online Business From Scratch

Alright, so at the heart and sole of any internet based business is an email list. A list of subscribers that loves to receive your emails.

I guess you could say that the email list is the business.

All of your marketing, everything you do online should be geared towards building that email subscriber list… NOT getting sales and making money.

Because the money comes in when you market products to that email list. People are not going to buy what you’re selling just because they see it on some random website or Facebook post.

Here’s What You Need:

The first thing you’ll need is a blog. My blog is the central hub of my online business. It’s my most important asset (asides from my email list of course).How to monetize your passion

You’ll want to use your blog as a place to provide amazing content. Depending on what niche you’re promoting, you’re going to either provide regular training on your blog or entertainment. Your blog should provide a pleasurable experience to your visitors… NO SALES PITCHES!

You’ll notice that my blog has opt-in forms in which you can enter your email information.

You’ll need some type of free gift to offer your website visitors to entice them to enter their information.

They’ll get your super cool gift, and you’ll get their email information 🙂 Voila! You’re building your list.

And from there, you can provide that list all types of cool content. You’ll want to provide your email list with a great experience as well. You need them to WANT to open your emails. You need them to trust your opinions so that when you do hit them with a sales pitch, they will trust your recommendation and possibly buy what you tell them to buy.

And then you earn an income.

Summary

This is a very simplified explanation of what it takes to build an online business.

  1. Build your list (I like using a blog to do this)
  2. Provide value to that list
  3. Market products or services to that list

Like I said, this is a really simplified explanation. There is a bit more to the process, but this is a VERY simplified explanation.

But if your are interested in learning how to monetize your passion in more detail, then I want to invite you to sign up for my free bootcamp training series where I’ll teach you the process in great detail.

Talk soon,
Johnny

How to monetize your passionConnect on Facebook
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How can you monetize your content and stop falling into your limiting beliefs? Cathy shares 2 coaching calls with Julie and Andrea, who feel limited with their current business ideas. She shines a light on what possibilities are ahead, how to be in coherence with your heart, and how to quiet the negative thoughts so you can rise into the bigger role you’re meant to play.

– Get one month access to our Arrive Community for just $1! This Black Friday deal lasts until Nov. 30th. Join at cathyheller.com/arrivecommunity

– Support our awesome Made to Do This students!

– Thanks PayPal! Start using PayPal QR codes to accept payments for a chance to win up to $10,000 at paypal.com/dreamjob or download the app.

TAKEAWAYS FROM THIS EPISODE:

1. You get to choose which problem you solve. Pick the problem you could work on all day long because it lights you up.
2. Create from an open heart. When you’re in alignment with that, you can solve problems like nobody’s business.
3. Great leaders cast a vision of what is possible.
4. Push yourself a little past comfort. Just do it. What do you have to lose?
5. Stop pretending that you have no credit. You know so much more than you think you know. Fully own your crown.
6. You don’t need to have all the answers. People just need someone to hold space, show them the possibility, and help them find a way through.
7. Pay it forward. Touch lives, make deposits, pour in, and make magic for people. Then they will come.

MENTIONED IN THIS EPISODE:

  • Student wins!
    • Melissa’s Facebook page Moonbridge Marketing
    • Aubrey’s Instagram @aubreywestlund

Thank you so much for listening!

Subscribe on Apple Podcasts, like us on Facebook, and follow us on Twitter and Instagram!

If you have any general questions or comments for the show, click here.

If you’d like to advertise with us, click here.

Each one of us has something special to offer the world, something unique that we’re specifically purposed for.

We all have passions that light up our eyes and capture our hearts; passions that are so powerful, that we don’t mind doing them free of charge.

But here’s the thing friend.

You don’t have to do anything for free. especially your favorite thing. It is so possible to live a life where your passion pays YOU!

In fact, it’s not only possible, it’s purposeful.

We are all wired to love specific things because those things are apart of our calling. Yes, we can have interests and hobbies that are separate from our professions and that add to the overall quality of our lives, but we can also passions that have everything to do with our specific purpose in life.

People are always searching for the meaning of life, and I believe this is part of that conversation. When we follow our heart towards those things that move us most, AND we do them in service to others, then we’ve got some MAJOR purpose driven living going on.

And then, when your purpose becomes your money maker. that’s FREEDOM living at its best!

That’s the kind of life I’ve been able to create for myself, and I want to help you do the same too.

So. there’s a method to this madness.

To discover your money maker, you need to find the sweet spot where your passion and other interests meet the need you can fill or are already filling.

I explain it all in this video. Check out the process, then click the button below to use my ‘Monetize My Gifts’ workbook to find your money maker today!

feel free to call us +888.281.0382 [email protected]

How to monetize your passion

Dictionary.com defines demonetization as
mon·e·ti·za·tion
/ˌmänədəˈzāSH(ə)n,ˌmänəˌtīˈzāSH(ə)n/
noun

1.
the action or process of earning revenue from an asset, business, etc.
“the network supports the distribution and monetization of online content to any type of site or device”
2.
the conversion of an asset, debt, etc. into cash or a form easily converted into cash.
“The trust is actively reviewing the monetization of a portion of its assets to reduce indebtedness”

First, you must establish that you are your greatest asset. The hours put into your growth, through experiences and lessons learned have made you valuable beyond measures. Once that is established, you must figure out how to “convert that asset, into cash or a form easily converted into cash”. Your talents and expertise in a given field, industry or discipline are of value. If these talents or disciplines are synonyms with your passion, you are that much closer to the end goal of monetizing your dreams.

Baby Steps 2016-2017

Rome wasn’t built in a day, nor are successful businesses. Baby steps lead to leaps and bounds. 2016 is.

Retool, Rework, Reorganize

Learn to, retool, rework or reorganize an idea until it is ready for the masses. Don’t just take your.

Pull the trigger in 2017-2018

Pull the trigger: How often do you have the resources, the time, the ability to do something that will.

Long Ball, Short Ball

Was always concerned about Hitting The Long Ball, but realized I could get the same results with a couple.

Your FB Friends Are Not Going To Buy Your Product.

Your 5,000 fb fiends are not going to buy your product period. Maybe 15% at the most will.

Analysis Paralysis (Pull The Trigger)

The tendency is often to over complicate the task at hand. Many entrepreneurs miss their window of opportunity for their.

What Now? What Next?

Are you unable to open your business because of county, city, state or nationwide mandates. Clients reluctant to commit.

Today’s Assignment 4/20:

Look back on past attempts to start your project, business or other venture and determine the reason or reasons.

How can you monetize your content and stop falling into your limiting beliefs? Cathy shares 2 coaching calls with Julie and Andrea, who feel limited with their current business ideas. She shines a light on what possibilities are ahead, how to be in coherence with your heart, and how to quiet the negative thoughts so you can rise into the bigger role you’re meant to play.

– Get one month access to our Arrive Community for just $1! This Black Friday deal lasts until Nov. 30th. Join at cathyheller.com/arrivecommunity

– Support our awesome Made to Do This students!

– Thanks PayPal! Start using PayPal QR codes to accept payments for a chance to win up to $10,000 at paypal.com/dreamjob or download the app.

TAKEAWAYS FROM THIS EPISODE:

1. You get to choose which problem you solve. Pick the problem you could work on all day long because it lights you up.
2. Create from an open heart. When you’re in alignment with that, you can solve problems like nobody’s business.
3. Great leaders cast a vision of what is possible.
4. Push yourself a little past comfort. Just do it. What do you have to lose?
5. Stop pretending that you have no credit. You know so much more than you think you know. Fully own your crown.
6. You don’t need to have all the answers. People just need someone to hold space, show them the possibility, and help them find a way through.
7. Pay it forward. Touch lives, make deposits, pour in, and make magic for people. Then they will come.

MENTIONED IN THIS EPISODE:

Thank you so much for listening!

Subscribe on Apple Podcasts, like us on Facebook, and follow us on Twitter and Instagram!

If you have any general questions or comments for the show, click here.

If you’d like to advertise with us, click here.

Lifestyle Upgrade 101

Clarissa Seriña‑de la Paz
& Sharon W. Que

H ow often would you hear someone tell you to “follow your heart” when talking about money and income? Almost never maybe. Nowadays, people often think that earning money and following your heart are two things that are not mutually exclusive. But what if we tell you that it is possible to do both?

Let’s all agree on something first: we are all born with a passion, a burning desire to do something, something that makes us excited and gives us a natural high. Whether it’s a personal interest or a hobby, it’s something we are actually willing to do for free. But the good news is, we can also make money out of our passion. How then do we make this happen?

Art Samantha Gonzales

What are the things that you love doing? What activities spark joy and truly make you happy? What is something you’d be willing to really work hard for?

Clarissa: I love my job in advertising but I also found joy in teaching and singing. I have my full time job from Mondays to Fridays. Then, on Saturdays, I would teach in the university where I graduated from. And, when I have free time, I would accept singing gigs during weddings, concerts or parties.

Sharon: Selling was a gift I discovered when I was really young and still in school. As soon as I discovered this gift, I grabbed every opportunity that presented itself and sold all sorts of things from shoes, shirts, toys, supplements, even firecrackers.

While we are passionate about doing certain things, it is also important to clearly define how far you will use this passion in generating additional income.

Sharon: It is very important to be clear on why you are doing this. That it’s a business even if you are doing it as a hobby and just for fun. It is important to know that you spend on a hobby whereas business brings in the money.

Clarissa: There’s a part of me that’s scared to make the things I’m passionate about as my only source of income because I have days when I’m not as inspired and I wouldn’t like to be forced into doing them just because I need the money. I don’t want to feel pressured to beat deadlines and meet quotas as I usually just want to do these out of love and fun. So, it’s really important to be clear on why you’re doing this and up to what extent you’re willing to monetize your passion.

Set specific targets for your hobby‑turned‑business. For example, you love baking and you are willing to bake a few batches of cookies on a weekly basis to earn extra cash. Have a target in mind. Let’s say you will only take in three orders for the week. By doing so, you can still earn and do what you love, while avoiding burning yourself out. It will take some time and practice, but you will find the balance eventually.

Art Samantha Gonzales

What do I need to set this up? How much capital is needed? Where would this capital come from? What materials will be used? Who are my suppliers? All these are things you should be able to map out and think about. Luckily, for some ventures, it’s actually possible to start making money out of nothing.

Sharon: Sheer passion and burning desire were my only capital. What I just did was source out suppliers who would do business on a consignment basis. There are a lot of them out there who are willing to do this so, I started creating partnerships with them.

Clarissa: Skills and talents do not need start‑up costs at all. Since mine were service‑oriented, all I needed to do was market and sell myself to potential clients. Of course, I had to really think about what gigs I wanted to do and what stints I wanted to sign up for.

Nobody becomes successful with just being passionate and wanting to do things. Make sure you don’t get trapped with perfecting your plans. Accept that your plans will be needing re‑work along the way anyway, so just go and start doing it. Invest your time and effort, and give it your best shot.

Art Samantha Gonzales

Couple your desire with hard work. Improve your craft and follow through with hard skills.

During this venture, you will also face countless obstacles. Many times, you will question your worth and be pushed to doubt what you can do. But, never let it faze you. Do not shortchange yourself. Know your worth and learn to ask for a fair price. At the same time, always make sure you give it your best effort and talent. You are already doing something you love, might as well make others love your work as much as you do.

At the end of it all, you’ll realize that all the hard work and challenges are worth it.

Sharon: From toys and shirts, my passion in selling and business grew to real estate, billboard advertising and publishing. Although I’m still on my way to achieving all my dreams and business goals, I am loving this journey.

Clarissa: I need my creative outlet and I feel that I am in my element whenever I teach, speak in public or perform on stage. I feel great when I touch lives by sharing my gifts. I know I’m living my purpose when I see our readers and followers learn a thing or two, and completely change their money mindset. And of course, it doesn’t hurt that you earn from doing the things you love.

Your passion will start this journey but your actions will see it through. Persevere through the challenges because at the end of the day, you will be left with nothing but a full heart and a full pocket.

How to monetize your passion

Have you ever wondered how you could make more money out of thin air?

If you utilize your strengths and passions effectively that is valuable to others, you will never starve again! They will be throwing money at you to have you bless their lives!

Here’s how….


At my Wealth Empowerment Intensive event last week, I taught a lot of fantastic concepts to save, keep, and make a lot of money. On the final “VIP Day”, I showed my clients how they can monetize their passions and strengths. To do this, we had to identify:

  1. What are your strengths?
  2. What are your passions?
  3. What problems do you want to solve?

We spent a significant amount of time on strengths alone. Why?

Because we need to find out why people would want to pay you! Do people pay you for your strengths or your weaknesses? Strengths, of course! Unfortunately, most companies ask you to improve your weaknesses.

I like to become what Seth Godin refers to as a “Linchpin” where you become invaluable to others. In other words, they are much better off having you in their life than not at all. You become irreplaceable!

It’s even better when you take a combination of these strengths and use them together.

The more you utilize your unique gifts authentically, the more people are attracted to what you do. They realize that you can do something that no one else can in the exact same way. You ARE special!

For example, I always wondered how to use my ability of storing lots of random facts and information. Sure, it got me to the quarter finals of “Who Wants to Be a Millionaire”, but so what! Also, what would my relentless drive to always “build a better mouse trap” and using humor to teach have to do with anything?

Well, it’s made Money Ripples what it is today!

When people hear me they say, “Wow, he’s really….unique.” (I wonder what they really mean by that?)

What they do say is “He is the guy for me!”

This becomes more so when you consider my unique skill for seeing the big picture and drawing seemingly unrelated correlations to solve problems. Combine that with my passion for people to live as wise stewards and live happy, fruitful lives, you get Chris Miles.

Clarity is essential if you want to better monetize your strengths and passions!

As you become more clear of what “assets” you have to offer to others where they have “liablities”, there is a reason for them to pay you. How do you give them what they need? How do you bless their lives where they NEED you?

The more clearly you understand this, AND DELIVER ON IT, the easier it will be for you to make money easily and never want for money again!

Money Ripples has helped hundreds of clients use our proven system to improve their cash flow and/or passive income by an average of $34,000 in their first year, so they can achieve financial freedom for their families, and more importantly, peace of mind.

How to monetize your passionFunny how when you do what you love it just happens naturally. When you love what you do for work, somehow it simply doesn’t feel like work.

Many people start new businesses and focus only on the monetary side of the equation. They sit and brainstorm services, products, apps, technology, gidgets and gadgets they can sell.

They think of names, purchase domain names, start building websites before they have even thought about let alone figured out who is going to buy the offer or product. They often have no idea how they are going to take it to market, integrate social media or the million other things that are required to build a successful business.

The Desperate Dollar Chasing Entrepreneur

We know this conversation well as we get loads of these entrepreneurs contacting us each week. Everyone seems to have the brand new shiny social network that is going to oust Facebook from the interwebs.

These business owners fill out a contact form on our website begging us to review their product that is going to push Facebook and Google+ to the curb. Most of the time they provide a gmail email address as a reply contact. It’s obvious it’s a form letter they have copied and pasted into tens if not hundreds of websites.

Then the bad ones take it a step further and contact us on LinkedIn. It’s the same story repeated. Once again they’re begging for clicks, links, blog write-ups or our commitment to be an influencer ready to rave about their awesome product to our social communities.

In one email they have proven to me they have no strategy, no plan for monetization and most importantly no respect for my time or the social community I have invested time for years to build by nurturing real relationships. Check out this article for more on this topic -> I Respect Your Community, Do You Respect Mine?

Why am I telling you this? Because if this is you, these are all signs that you don’t have a solid business or marketing plan. It’s also quite likely you don’t have a solid product, tool, widget, gadget or business. It’s even more unlikely that your new shiny object is ever going to take over the interwebs, particularly if you keep using the same methods of doing such.

So, here is my short and simple message for you today…

Quit trying to monetize your business. Monetize your Passion!

How to monetize your passion

What Is Your Passion?

What is it that you love to do? Why do you love to do it? You can’t chase your passions in a dollar bill or sales squeeze page. Your passions come from deep inside of you. They know you and no matter how much you try to push them out, they will always come back!

What is it you are passionate about? Is it helping people build businesses? Is it design? Is it web development? Is it fishing? Sewing? Kayaking? Fitness? Singing? Spiritual growth? Faith based ministries? Self help services? Personal or business coaching?

Dream it, plan it, do it, LIVE it!

Create a vision board that includes your dreams, your goals and life as you see it. What does life look like in 6 months, 1 year, 2 years, 5 years? What is the life you want to live? Who do you want to be? Be that person today, not tomorrow. There is no reason you must wait on a dollar bill or millions of dollars in the bank to start making progress toward the life you dream of.

How to monetize your passionQuit Selling Me Widgets! Sell Me Value!

Quit focusing on how you can sell me your silly widget. Instead start focusing on how you can leverage your personal talents and passions to make my life or business better. Build and nurture a relationship with me built on trust.

Offer me something of value. Teach me, interact with me. Share your best stuff with me. Do something, anything that brings me joy, entertainment, inspiration, and benefit of any sort.

Do this and you won’t have to beg me in a contact form to look at your product. Instead I will embrace it, buy it and likely shout about it from the social mountain tops so all my friends and colleagues can learn about it too.

When you find, embrace and nurture your passions, business just works. You won’t have to try so hard. You won’t feel like you are working. You will wake up on fire each morning for what is ahead.

When you embrace your passion it will exude from your contact forms. It will exude from your tweets, Facebook posts and every word that comes out of your mouth. It will be contagious and people will want to be part of what it is you are doing and have to offer them!

As I always say, God’s plans for your life are far bigger than your dreams can ever be. Dream big my friends!

What Say You?

Are you focusing on the right or the wrong things? Are you embracing, nurturing and living your passions? Or are you sticking your life into a dollar bill that may never happen? How do you focus on your passions? What have you done to balance passion and monetary needs?

Heartbeat of Social Media Series

This blog post is part of a series titled “The Heartbeat of Social Media“. It includes a deep look at how communities work, what people are doing within them and how businesses can better understand how they can fit in, provide value and derive benefit as both a business as well as individual people.

Subscribe to the series for updates and access to special videos, webinar training and more. Would love to hear your input and have you participate in discussions and debates as we challenge each other to be part of what makes the social network heartbeat healthy and alive!

Manage your Personal Finances like a Boss

How to Monetize your passion and Travel Around The World with Isabel

In today’s episode, we will speak to my new friend Isabel from the website Bel Around The World.

Isabel is a digital nomad and a full-time travel blogger from Singapore who managed to convert her blogging hobby into her full-time activity.

Photo Luis Quintero -Pexels

Isabel will explain to us how she monetizes her passion (photography and travel), collaborates with big brand names in the travel industry (a crowded space), and also share some challenges she faced during her travels.

This episode is for you if you are looking at ways to monetize your passion and as well why not in combination with full-time traveling.

Key Takeaways:

  • A hobby can become a full-time activity by adding the right skills (digital skills like SEO for example) and offer several sources of income!
  • When a project is your own, you want it to succeed more.
  • An idea: Teach about something you are passionate about: Making candles, gardening tips, playing an instrument, etc
  • Your personality (or point of view) is what will help you differentiate in the crowded online space.
  • Traveling is fun but it also comes with challenges: Traveling solo, language barriers can be a struggle.

Who is Isabel?

Full-time travel blogger at Bel Around The World and SEO coach roaming the world at whim, Isabel draws energy from being outdoors. An explorer at heart, the world is her playground. With a focus on outdoor adventures and local flavors, she exposes millennial travelers to experiences beyond their imaginations. She also helps aspiring bloggers and brands achieve traffic goals and financial freedom with online content. You can get her free SEO course here.

RESOURCES

  • Website: Bel Around The World
  • Twitter: @belardtheworld
  • Instagram: @belardtheworld
  • Book recommendations: 1000+ Little Things Happy Succesful People Do Differently
  • Best purchase under 100 dollars: A hosting domain if you have a website or a journal planner.

If you liked this episode, please leave a review on Apple Podcasts and do follow us on social media as well for more great content, check our Facebook, Instagram, Twitter, and join our e-mail list. I would love to connect with you!

Disclosure: This post may contain affiliate links. That means I may make a small commission (at no cost to you) if you make a purchase. This will help to support Joney Talks!

How to monetize your passion

If you’ve ever wondered how to monetize your passion, our today’s guest has some curious first-hand experience to share! This entrepreneur runs a business dedicated to something he’s genuinely interested in. And, judging by the track record of his business, this is a great strategy to follow!

Disclaimer: all the success stories published in AliDropship blog are the results of interviews conducted in the written form. Even though the editors may make some minor changes to the grammar, spelling, and/or punctuation, the respondents’ writing styles, views, opinions, stores screenshots and personal photos are left unchanged.

Hi, please, introduce yourself!

Hi, I’m Abderrahman, 30, a full stack developer from Morocco.

How and why did you monetize your passion?

I started as a freelancer in oDesk (Upwork) when I was 20. So, for about 10 years, I have worked as a freelancer, doing stores and websites for customers, working mostly 10-12 hours a day, and got really tired… Then I had an idea: why don’t I create a service/store that can generate money for me on its own?

At some point, I even tried crypto trading, but the market was unstable then, and things aren’t much better now. I invested $2,000 in it, but all I have from it now is $450! So… I needed to find something else.

To make such a store work, I looked for a WordPress ecommerce dropshipping solution and discovered AliDropship. Its WooCommerce version seemed like a right fit for me as it made things easy for everyone and didn’t have monthly payments: for someone who has just started, it’s a huge advantage.

Do you remember the first sale made from your store?

Yes! It happened in about a week after the store was launched. Shortly before that, I set up some push notifications on my site, and got some visitors – and eventually, customers – from them.

There was a person who asked me a ton of questions on chat support, then he disappeared, and after a few seconds I received a PayPal purchase notification, I was so happy! With a $8 product cost, my first sale brought me $4 in profit. I know it’s nothing, but it pushed me to add more and more products.

How does your business perform now?

Here are some performance numbers of my first store:

How to monetize your passion

And here is the data on the organic search traffic:

How to monetize your passion

What product strategy do you use to monetize your passion?

I work with all sorts of products related to my niche: figures, decorations, clothes… To find new products to add to my store, I look for a specific Anime name and see if there are new product arrivals there. I try to focus on the products related to ongoing and new Anime series, as well as the most popular ones, because that’s what people look for. For the pricing, I go with AliDropship’s default markup formula.

How do you promote your business?

With SEO! I figured out that the best buyers are the ones who come from Google and search engines because they look for these specific products deliberately. As I use Google Analytics to analyse my audience, I can say that my buyers are mostly parents who buy gifts for their children. That’s why there’s no point for me to promote the store on Instagram or other social media. I tested an Instagram shoutout once, but it didn’t work for me. So yeah, I get most of my traffic from search engines (Google, Bind, Yahoo), from push notifications, and from social shares of visitors/customers. That’s why I spend nothing on advertising!

Also, at the beginning of my dropshipping journey, I was promoting my website on forums and in anime streaming websites. I was taking part in episodes discussion in the comment sections and forum boards, and offering a welcome coupon to new customers. Of course I was promoting items related to that particular anime being discussed. So, most of the visitors clicking on my links were truly interested to see the offers!

I also work a lot on creating a good on-site experience. As I was a freelancer for many years, I know what clients like when they shop online, what they don’t like, etc. This is why I created my own WordPress theme and some plugins myself: I wanted to achieve a better optimisation and user experience. I would say that my success is 80% due to the visitors loving the design and UI that is cool and easy for them.

What can you tell about managing your business on a daily basis?

It takes me about 1-2 hours every day to complete the tasks. What I do is search and add new products, process orders and answer customer queries. By the way, I strongly recommend business owners to use a chat support widget on their websites. For users to trust your store, they should be confident there is someone behind the monitor who can assist them and answer any questions at any time.

That’s what I do all the time 🙂 I constantly have to deal with AliExpress orders, lost parcels, delayed shipments, extended shipping times, etc. Now, it’s happening because of Covid as orders tend to be delayed and people keep asking about the reasons, ask for refunds, etc.

It still can be managed, though. I offer buyer protection and 60 days money back guarantee. If my clients don’t receive their orders, I refund them to avoid any problems because I believe customers must trust you. Then I ask AliExpress sellers to refund me, too, per AliExpress buyer protection policy. The funny thing is that sometimes I refund orders because of shipping delays, then my buyers receive their parcels in the next 3-7 days, and they say nothing 🙂

After you figured out how to monetize your passion, has your life changed in any way?

Of course! I don’t have to look for customers to work for them, or stay behind my PC 12 hours a day, 7 days a week. Now, I want to start boosting my second store with general products to make it a success, too. As for now, it seems a bit hard to do, but I view it as a new challenge for me!

Any final words of wisdom for those willing to start their ecommerce businesses?

The most important things in a store are the website theme and the niche! Look for a good and simple theme, avoid popups alerts and fake alert notifications or fake sales boosters, just be honest with visitors! I also recommend using some WooCommerce SMS solutions. If you send a SMS confirmation when order is placed, shipped etc., your store policy will look more professional and people will trust you more

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You’ve been dreaming about it for years. You want to be a professional in the fitness industry, but you don’t know what steps to take or how to make that happen. You can do this! It will just require some time and effort on your part. Here is some advice on how to get started and break into an industry where there are so many options available for those who have the right qualifications as well as experience.

How to Monetize Your Fitness Passion and Become a Professional in the Field

Get Certified and Educated

One of the most important things you can do when trying to monetize your fitness passion and become a professional is to get certified. There are many ways to do this, but some of the most popular options include becoming a certified personal trainer through ACE, NASM, or ACSM. There are also various group fitness certifications available from organizations such as AFAA and NESTA. You should start with getting the four strength and conditioning credentials and get certified in those. Once you have your certification, it will be much easier to get hired at a gym or studio, and you’ll also be able to command higher rates for private clients.

In addition to getting certified, you could also consider getting a degree in a related field such as kinesiology, exercise science, or physical education. This will give you a more well-rounded understanding of how the body works and how to properly train people. It will also make you more marketable to potential employers.

Start Networking

Once you have your certification and education in hand, it’s time to start networking. Get involved with local fitness meetups or online communities related to your interests. Attend industry events and trade shows. The goal is to get your name out there and start meeting people who can help you further your career. To start networking, all you need is an internet connection and a willingness to reach out to others.

Networking will also provide you with opportunities to learn more about the industry and to find mentors who can guide you as you take your first steps into a new career.

Get a Job in the Fitness Industry

One of the best ways to get started in the fitness industry is to simply get a job working at a gym, studio, or another type of facility. This will give you on-the-job experience and help you learn more about the business side of things. It can also be a great way to network and meet people who can eventually help you move up in your career. When applying for jobs, be sure to emphasize your certification and education, as well as any relevant experience you may have.

Start Your Own Business

If you’re feeling particularly entrepreneurial, you could always start your own fitness business. This could be anything from a small personal training business to a large studio or gym. Of course, starting your own business is a big undertaking and will require a lot of time, energy, and money. But if you’re truly passionate about fitness and have what it takes to be successful, it could be the perfect way to monetize your passion and become a professional in the industry.

Additionally, owning your own business will give you a lot more control over your career and allow you to create the kind of business you’ve always wanted.

Be Active On Social Media

These days, social media is a powerful tool that can be used to promote just about anything. If you’re looking to monetize your fitness passion, make sure you’re active on social media and using it to your advantage. Post regularly, interact with others, and share valuable content. You never know who might see your posts and be interested in what you have to offer.

So, one of the best ways to get started in the fitness industry is by creating content on social media. This could be anything from blog posts and articles to videos and infographics. If you can create high-quality, valuable content, you’ll quickly build up a following of engaged fans who are interested in what you have to say. You can then use this platform to promote your business or sell products and services.

How to Monetize Your Fitness Passion and Become a Professional in the Field

These are just a few suggestions for how to get started in the fitness industry. If you have passion and determination, there are endless opportunities available to you. Just remember to get educated and certified, start networking, and consider getting a job or starting your own business. With hard work and dedication, you can achieve your dream of becoming a professional in the fitness industry. Good luck!

Open Business Council offers resources, Trade Finance, business advice, SME Finance and a forum and directory for businesses! Improve your business and use the best digital, financial and funding tools to grow ROI – return on investment and ROA – return on attention!

Many women have different artistic passions. However, they don’t know how to turn it into a stable job. Is this possible? .

How to monetize your passion

The Woman Post | Ariel Cipolla

Listen to this article

Historically, many women have had art as an authentic passion. For example, many who write poetry, others who decide to sing their own songs, or those who make their own paintings. Generally, all of them do it in their free time, when they are not busy with their work obligations.

However, the digital age has arrived to change everything. What was once a simple hobby can now become a source of income. More and more women are making their art visible through social networks or the Internet. This allows them to monetize their passions, to the point that many turn art into a job.

This is entirely possible. The problem is that many women don’t know how to go from passion to remuneration. Here are some useful tips you should know if you want to become a professional artist.

Social Networks, Personal Brand, and Artistic Identity

You no longer need to present your art in exhibitions or art galleries. Of course, you should never disregard this resource, as it serves enormously to show what you do. However, social media has a potential that you can’t afford to miss out on. If you don’t have an Instagram account, you practically don’t exist in reality.

However, it’s not enough just to have a social network. On the contrary: You need to create a distinctive artistic identity. This means that the design of your Instagram feed should be carefully designed. If you’re into art, you need to pay attention to the organization and aesthetics of each of your posts.

Searching for cosmetics manufacturers on google will yield thousands of results. The irony of this is that, the more the options , the harder it becomes to find the right manufacturer for your cosmetics products (makeup, hair, nails,brushes etc)

One of our frequently most asked question is “How/where can i find a good high quality cosmetics manufacturer to develop my brand?” This is a very broad topic. We shall attempt to summarise 3 ways in which you can create your brand.

How to monetize your passionHow to monetize your passion!

For the purpose of this blog, we will assume that you already have a great passion for cosmetics and you are either a start up or a solo entrepreneur with a limited budget. You already have a specific and unique solution you want to provide your customers. Your challenge, is how to go about monetizing your passion. This is exactly the same spot we were 3 years ago when we decided to create our own lipstick brand. It took one year of research , trial and error before were were finally able to launch our products into the market 2 years ago. Shop our lipsticks HERE

Handcrafted /Homemade Cosmetics

How to monetize your passionHomemade calendula ointment

This is probably the most affordable and easiest way to start your cosmetics brand empire. Handcrafted cosmetics simply mean that you “cook” your cosmetics in your own kitchen/ house/space. You do not need a laboratory or cosmetics chemist to help you out with formulations

You however need some expertise in knowing what ingredients to buy,where to buy them affordably and most important how to mix them in right proportions. Our advise on this is to buy small inexpensive sampler packs and practise severally before you can invest in a large quantity. Also give free products to your friends and family to test them out and get feedback on what to improve.

Avoid handcrafting skin care products or digestables unless you have prior knowledge or training as cosmetic chemist/pharmacist. Its advisable to always go for vegan and organic ingredients where possible.

One of the less complicated products to make (in our opinion) is lip gloss. Would you be interested in handcrafted, cruelty free, organic lipgloss? Please let us know and we will be happy to introduce a handcrafted line to our product range. Meanwhile, you can shop our tinted luxe lip gloss HERE

Private Label

Have you been to a beauty shop and seen the same type of makeup brushes (same quality, same colour, same size) selling under different brand names?

Welcome to the world of private label

Private label is whereby you take a manufacturers already finished formulas or products and simply repackage and attach your labels and logo to them. The manufacturer does not allow you to make any changes to the formulations, scents or colours. Most manufacturers have a large inventory of products and allows private entrepreneurs to choose what suits their customers and repackage .

This is an easier route to take if you are looking to launch your products fast into the market. It is also cheaper as compared to contract manufacturing which we will discuss next.

The biggest disadvantage with private label is that you do not have an opportunity to produce unique products. Many products on private label are mass produced and target a low income consumer and therefore the quality is mostly compromised. It is however possible to get great products on private label, but it is challenging and takes a lot of time. Our advise on private label is to contact at least 30 manufacturers and send out a very detailed email explaining exactly what you are looking for (colours, textures, quantities , budget etc) . Based on their responses, narrow down to at least 10 and request samples. Out of these 10 choose 3 depending on quality, minimumorder requirements , your budget and the relationship you build . After testing the samples, if you are satisfied, you can now plan your journey to visit the manufacturers. If not satisfied, rinse and repeat the process. Remember that your name is on these products, so do not compromise on quality!

Please note that most manufacturers are also producing products for big multinationals that order hundreds of thousands of inventory. As a solo entrepreneur ordering one thousand or five thousand pieces of a product, you might/will be ignored. Look for those willing to work with startups.

How to monetize your passionPrivate Label and Custom Manufacturing

Custom Manufacturing

Custom manufacturing is whereby you provide a manufacturer with your own recipes, ingredients, scents, custom colours and create formulas that are unique to your product. You do not need a PhD in chemistry to produce custom made cosmetics. However you need to research thoroughly on ingredients, their uses and side effects if any. You need to articulate your vision clearly to the cosmetic chemist on exactly the need you want your product to serve and how you want it to feel, look, and smell. This is a much longer , more expensive but ultimately the best route to take when creating your cosmetics brand. It takes a lot of trials and error , and money to finally get your formulations ready. You also needs to be hands on and work hard in hard with the lab to make sure your vision is clearly represented in the end product.

Make sure to ask for educational credentials and reference of brands that your consultant chemist has previously worked on. You can also ask to see quality control certifications of the manufacturer e.g ISO certifications.

Visiting the lab in the country you are manufacturing is extremely important as you can feel textures, see colours and it is easier communicate and build a personal relationship. In regards to health and ethics, you will also be able to ascertain that the factory is modern and clean, your products are not tested on animals and that no child labour is used in developing your products.

Please note that the (MOQ) or minimum order quantities for custom manufacturing are usually very high. This can run to tens of thousands of dollars.

Quality Control

Developing, marketing and selling your own cosmetics line is definately a long process . In this blog, we have only covered 3 ways in which you can start the process. Marketing, branding and selling is an entirely different topic. The most challenging and rigorous part of the process is making sure your products meet all quality control and customs clearance requirements. In Europé, the requirements to manufacture and the requirements by Amazon to sell in their beauty category is mind boggling! In Kenya, you need a certificate of conformity from the country of origin to have your products cleared by customs and KEBS (Kenya Bureau of Standards).

KEBS also routinely takes random samples from cosmetics shipments for testing in their lab to make sure what gets to the consumer is not harmful to their skin/body.

Please feel free to add to what we may have forgotten. We are still new in the business and still learning as well!

How to monetize your passion

Asides the obvious fact that the recent economic downturn has forced several young people to have multiple sources of income, it is quite the norm these days to meet people who have a full-time job and are running small businesses on the side.

They are also known as “side hustles”, and even full-fledged companies complete with all the bells and whistles.

Sincerely, it is now a reality that a single income cannot sustain a comfortable lifestyle and this has pushed the average young Nigerian to get creative and take a dip in the entrepreneurship pool.

Here are six ways to convert your many interests to money in the bank:

Leave your comfort zone

Starting and running a business is not for the fainthearted, it will constantly push you out of your comfort zone.

For example, if you have a fear of speaking to strangers, you will have to overcome that when networking and marketing your services to potential customers.

Take on practices that will not only push you out of your comfort zone but also work on improving your weaknesses. You don’t have to be an expert, just be comfortable enough to deliver value that people want and need.

You need more than passion

It’s great to be passionate about your business ideas, but don’t let your enthusiasm blind you from reality. Be honest with yourself!

Ensure there is a market to tap into and you are ready to put in the work. Get honest feedback from people around you; even friends and family by offering your services to them.

You have to be truly good at what you do. Your passion could be making people’s faces up, but are you skilled enough to train others?

Also bear in mind that as a business owner, you’ll be responsible for reporting taxes, marketing your business and sorting out your finances. Are you ready for all the responsibility?

Offer Real Value

What void can you fill in the market? For example, if you are a makeup artist and there is no makeup studio around you, that could be a viable business opportunity.

The goal is to take advantage of the gaps in the market, that way you stand out and enjoy greater returns before the copycats join you in that space.

Ask yourself how you can make the industry better? Is this the business that keeps your entrepreneurial juices flowing?

Let’s say your passion is making furniture. Why are you better than your competitors? Is it because your materials are sourced locally? Or your products are unique and one of a kind?

That would be more appealing to customers as opposed to buying generic mass-produced furniture.

When I started my consulting company, I had used several competitors. I knew what made them great, but I also knew what I wanted that they didn’t offer.

I knew how to better the services. I started it and here we are!

Convert your Passion to Cash

There are several ways to make money off your passions:

  • Selling an actual product such as clothing, beauty products online or in a store.
  • Sharing your knowledge about your passion by blogging, writing books or making videos. Between sponsorships, subscribers and selling your own products, you can make a decent living. For example, Arese Ugwu turned her passion for financial literacy into a book – The Smart Money Woman – into a book that is being sold in several countries in Africa and the UK.
  • Offering consulting services by giving advice on anything from law to skincare.
  • Investing in an idea you are willing to financially support.
  • Creating a software or gadget that makes life easier for people. For example, if you were a makeup artist, you could create an app that helps people find the right makeup products for their skin tones.
  • Start an event around your passion, such as a regular meetup, seminar or a festival.

Make Fun a Priority

Maintaining your passion when starting a legitimate business can be difficult. Some people even forget exactly why they started a business in the first place.

To prevent that from happening, always make fun and passion a priority. Your passion should reflect on your company policies, your passion should be communicated to your employees when you are hiring and they have to be equally passionate about your business as well.

Improve Your Skills

It would be great if you have a lot of experience, however, don’t be too hard on yourself, there’s always room for growth and learning. For example, a furniture maker may be great are creating unique tables, but not so good at creating sofas.

You can learn as you go along your journey, don’t wait till you master the craft before you start your business.

Malcolm Gladwell says it takes 10,000 hours to become an expert in any field. Nonetheless, don’t let the perceived amount of time it would take you to be the best at what you do deter you from moving ahead with your plan.

It may not take you that long to master your craft, as you long as you keep looking for ways to improve your skills. Always ask for feedback and track your progress.

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About Tolani Thomas

How to monetize your passionTolani Thomas is a Business Development Consultant, Writer, Entrepreneur and Principal Consultant at Halisi Consulting, an SME consulting agency based in Lagos, Nigeria. When she’s not writing or discussing business strategy, she loves to read, eat good food, listen to music and live her best life to the max!.

How to monetize your passion

Written by Megan Reed

Want to monetize your passion and make a tonne of profits doing what you love and best at, follow these steps and execute them one after the other carefully

BUILD YOUR OWN EMPIRE-

Nothing is more inspiring than the person building his or her own fortune. You don’t get lucky just by sitting at home; everyone needs to step outside their comfort zone in order to achieve extraordinary things. In this age of technology, thousands of options are available at your doorstep, but you need to make a wise decision regarding your career choice. Don’t follow the herd, follow your passion do what you love doing the most and it will pay you back.

SELECT YOUR GENRE-

It is important to select your niche because getting specialization in a particular field is important to attract clients. Freelancing is not about doing any work, just for getting paid. If you want a stable career in freelancing field, you need to be an expert in the particular field of your interest, which obviously will take time but provide you with a promising career with higher income.

BRAND YOUR SERVICES-

In order to build a rapport in the market, you need to be very specific about the services you are going to offer. It sets up the frame for your business and how your clients are going to perceive it. Keep it simple and approachable. Stick to your niche, because when you start working as a freelancer, you will get many opportunities in different fields which could be tempting, but in long run, it is just defocusing you from your niche.

DEVELOP YOUR OWN WEBSITE-

A separate website of your work is one of the strategies to attract clients from different areas. At your website, you can show off your expertise and experience. For being a successful freelancer, you need to have the most attracting portfolios and what else could be a better option than having your own website. Mention your details like your degrees, diplomas, certificates, contact number and email address to become more approachable for orders, collaborations, etc. You can bid for higher prices for your work if you maintain consistency in providing quality content to your clients. It is often quoted in the business world that one satisfied customer brings ten new customers with him or her. If you manufacture your own products you could put them up on a website or sell them for free on marketplaces like ominy market.

HOW CAN A FREELANCING WEBSITE BE YOUR SAVIOUR?

These websites are basically designed to provide a platform for artists to present their work to the world and bridging the gap between them. Once you register yourself with them and mention your niche, they help in getting the work related to your niche with satisfactory payment. Some of the freelancing websites provide you with a built-in security feature.

GOLDMINE FOR OUTSOURCERS-

These freelancing websites are gold mines for finding a suitable client for their work. A large number of service providers are available, you can select the best on the basis of his or her expertise. For outsourcing work you need to have trust on your client and on the basis of ratings and reviews which are available on these freelancing websites, you may choose the one you find most suitable for the job.