MONETIZE YOUR PASSION:HOW TO TURN YOUR PASSION INTO A MONEY-MAKING BUSINESS
Everyone has it’s passions.We follow our passions because we feel that and give us joy.But if I could tell you that you can do a lot of money using your passion!?
Surely you would prefer 100% doing what you love.“There can be no joy in living without joy in work.” – St. Thomas Aquinas
Forbes reports more than half of Americans are unhappy with their work lives. Every day, we’re commuting to places we associate with anxiety or boredom.
There are ways to climb out of your current situation, find what you love, and turn it into a cash-generating career. Sound like a long shot? Not if you have a plan, and these steps can help you develop one.
Some say not to mix passion and entrepreneurship, but this is not right. Money can take you only so far, but integrating your passion with your business provides sustainable motivation and the grit to weather the inevitable ups and downs of entrepreneurial endeavors.
In fact, following your passion has been scientifically proven to make you happier.
But how can you do it? How can you turn your passion into money??
These steps will help you:
- What Do You Love to Do?
If you weren’t doing your job every day, what would you be doing instead? Find out which activities make you feel happy and alive—not dead inside, like I feel after a TV marathon.
Maybe you football. Maybe you like acting. Any activities you can dream of can be turned into a money-making venture.
Try a few things out before making your choice. It could take years before you figure out what you love to do, but just keep experimenting. The alternative is that you never figure it out!
2.Jump in. There’s really no better way to start than diving in head-first. In the beginning, you may not have your exact plan mapped out, and you’ll likely make significant changes to your model. But the benefit of starting a business around a passion is that you know why you’re doing it and can more easily overcome barriers that come up along the way. It’s this deep-rooted drive and enthusiasm that will keep you motivated and engaged with the product you’re selling.
- Find a void and fill it.
Observe what other businesses are missing and use your business to fill a void in the marketplace. Discover how you can change your industry and why it is necessary. Ask: How can I do it better? How can I make it better?
- Do It For Free
Before charging people money, do what you love for free for quite a while. Doing the work without worrying about turning your passion into a business right away will help you hone your skills and build your confidence.
Working for free will also allow you to determine if you actually like the work enough to parlay it into a job—if you won’t do it for free, you won’t enjoy doing it for money.
- Be creative with money.
A startup today has more options for financing than just big investors, bank loans or venture capital. First, develop a strategic marketing plan that details exactly how much you need to get started. Then, use social media to gather community support and market your brand before it comes to fruition. Use online crowdfunding platforms like Kickstarter, GoFundMe or AngelList
- Make Connections
How can you reach out to the client that you defined in the last step? Is there someone you know that could connect you with your ideal clients? How can you draw attention to your work and provide value to the people who should see what you’ve got to offer?
There are plenty of cheap and easy ways to expand your circle and attract people who share your interests
Once your audience is aware of your work and finds value in it, build your portfolio so you can show off your work, which will help with the next step.
- Follow a Pro
Take a look at the people you admire who are doing the work you want to be doing. What’s their strategy? How do they do it?
There’s no need to reinvent the wheel, and learning from those who found success before you doesn’t mean you can’t be original. Copy strategy, but make the rest yours.