Should I Monetise my Hobby?
Many of us will have a hobby that we put a lot of time into. If this is the case with you, then you may perhaps wonder whether you could make some money out of it. It is good to have a hard think about this though as you could find that you will not enjoy doing it as much as you thought. It is therefore worth considering the different aspects to this.
Make Money Doing What You Love
You could find that it will be really great making money doing something that you really love. If you do a job where you are not really enjoying what you are doing, then the idea of making money from something that you enjoy can be extremely appealing. Also, if you have been doing the hobby for a while, it is likely that you will know a lot about it and therefore you will be able to have lots of opportunities to make money from it. For example, you might be able to teach something about it, maybe in live classes at a local venue or by putting together an online course or YouTube videos. You might be able to sell things that you make, if you are an artist or craftsperson. You might be able to write a book about it. There might be different things that you can try which may earn you some money. It is good to start by having a think about what you might be able to do in order to make money from your hobby.
Pay May be Low
It is worth noting though that it could take a long term before you manage to make a decent amount of money from doing this. You will need to learn all about how to make money and where to make money and you may not be able to charge that much for what you are doing as well. It might be a lot of fun but you may find that it will not be that well paid and you may only be able to do it alongside your ordinary job. However, if you are happy with this and have the time, then it could be a good way to get some extra money without having to do extra hours in your job. But if you were hoping that you could rely on it as a full time income then this may not be possible.
Makes it Less Fun
It is worth being careful though. You need to think about what it will involve. It might involve learning new skills and doing things in a different way to how you normally do them. This could mean that you will have to take time away from your hobby to learn this. You might also find that you will not find these bits much fun and you might not really like it after a while. It might also put pressure on you while you are doing your hobby because you are always thinking about ways to make money from it. This could also mean that it will not be much fun for you either. Therefore, it is a good idea to think hard about it before you start. You want it to continue to be a relaxing hobby that you enjoy as you need it to wind down and reduce stress as well as to have fun. So, make sure that you feel it will still be able to remain as this if you do decide to monetise it or else you may suffer as a result of not being able to have a hobby that will allow you to have fun and feel relaxed and rested.