You don’t have any time to waste in your life. Use that knowledge as motivation to propel you toward your dreams and goals of starting a business.
Life’s too short to waste on unfulfilling work. If you’re lucky enough to have a passionate interest you spend hours of your free time immersing yourself in, imagine what it would be like to monetize it.
If you’ve ever wondered if it’s possible to make a living doing what you love – whether through a side hustle or starting your own business – it is. Here's how to do just that.
1. Write about what you love
Yes, it is possible to make a living with a blog. In fact, it’s a great place to start your journey away from mediocre employment and toward the freedom you desire. By setting up a simple website, you can build an audience and eventually, a business.
You don’t have to look far to find examples of hobbies turned into profitable blogs. Search any topic you’re interested in, and examine the blogs you find. If you’re paying attention, you’ll see advertising, paid content and affiliate marketing offers. Beyond these well-established revenue models, you can find other ways to add value for your audience as it grows.
2. Teach what you know
No matter where you are on the scale between novice and expert, there is someone who can learn from you. As Derek Sivers says in his article "Obvious to you. Amazing to others", creators often second guess their ideas as nothing special. But chances are, if you’re passionate and curious about your hobby, you already have a lot of insight to share.
The internet has created an opportunity for you to share your expertise with anyone in the world. As a natural extension of blogging, monetize your passion by providing coaching services and creating digital courses. Reach more people, build a business and immerse yourself in what lights your fire by teaching.
3. Build a community around your passion
Why stop at teaching when you can create a hub at the intersection of your passion and your community? There is huge value in providing a space, either physical or digital, where people who share your interests can gather. People crave human contact, especially with like-minded enthusiasts.
There are a few ways to serve your community that will enable you to get paid at the same time. The key is always to provide a valuable service:
Build a forum or membership site: This is a place to find the latest information, and interact with others. For access to these resources, members will pay a monthly or annual fee. No market is too small or community is too niche to build a community around. In fact, smaller is usually better.
Facilitate a paid mastermind group: Bring together a group of people on a similar journey to support and encourage one another (under your expert guidance). This is a great way to provide value to a more dedicated portion of your community that wants next-level involvement.
Build a marketplace: Different than a forum, a marketplace is where people do business, and provides buyers and sellers a place to meet.
Own your results
Even when you have passion, starting a business involves a ton of work. But if you’re excited about what you’re building, you won’t mind the work. You put in the effort, and you own the results.
Once you learn the fundamentals of doing business online, you can make money and live with purpose doing what you love.