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[ young today, rich tomorrow ]

Pastime Cash Line: Turn your craft into some cash

By Katie Mattson on May 1st, 2008 • Hobbies, Entrepreneurship
Originally appeared in: Summer 2008

A daily nine-to-five only leaves us so much time to do the things we love. If you enjoy getting your hands dirty in the garden now and then, great. However, if your office cubical fills up with eight different species of flora, all of which you can name, you've got a potentially profitable passion on your hands.

Consider Emerson Spartz, who took his passion for Harry Potter and converted it into a six-figure income-generating website when he was 12. Now 20, Spartz's site, mugglenet.com, receives more than one million hits per day, while the lucrative yields from advertisement sales keep pouring in.

Scout the scene

If you want to turn your hobby into some green, you have to do your research. Find out how other niche ventures have successfully marketed themselves as profitable businesses. For example, Dana Lande started with her hobby of jewelry making, and with some innovative marketing strategies, she founded a jewelry line that she targeted at her college's alumni stores. Her alumni-themed jewelry line, Dayna U, spread like wildfire. The once campus-based business operation is now a nationally recognized boutique jewelry line called Dayna Designs. Check out past cover stories at brassmagazine.com, and businessweek.com's America's Best Young Entrepreneurs list for inspiration. (You'll find brass CEO/Founder Bryan Sims featured on businessweek.com's 2007 list!)

Once you have a few ideas, plan how you'll target your market and how your products or services are superior to others.

  • Take advantage of local trade shows and career fairs to help make connections. Visit tsnn.com to search for trade shows by industry and location.
  • Capitalize on promotional concepts that make you stand out from the rest. Read be the word on the street below for more ideas.
Brand-aid

So what's in your brand name? Just about everything. Branding is more than a name; it's an image and a reputation vital to your success. Here's something to keep in mind when creating a brand for your beloved hobby.

Office space

With hobbies, you have a lot of options when you start selling. Be creative with outlets.

  • Check out your city's local events and see if you can score a booth or tent at a weekly market, fair, or flea market.
  • Ask local store owners and vendors if they'll consign (sell on your behalf) your products. Get their valuable feedback on why they will or won't agree to carry your product.
  • Consider creating a website with e-payment services like PayPal or Google Checkout. You can make your own webpage for free using services like the Google Page Creator at pages.google.com.
Bigger or better

Deciding to make money with your hobby should leave you smiling, not sweating. If your hobby evolves into an all-consuming business undertaking, it's important not to stray from your passion. Instead find practical solutions to meet demands, and stay true to your original goals.

  • Try hiring friends, family, or classmates to help you get through busy times.
  • Think about sharing the load with a business partner.
  • Consider scaling back and specializing your product or service if the demands become unrealistic.
  • If you're ready to take it to the next level, check out brassmagazine.com for more articles on small businesses.
The Bottom Line

Two-thirds of people say they want to start a business someday, according to a Yahoo Small Business and Harris Interactive survey. If you love your hobby and your friends are beating down your door for your skills, it might be time to start asking for something in return.

Sources: businessweek.com; usatoday.com; law.com; money.cnn.com

  • What do you think?
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Corrine Milford - Men's Necklaces

Great article, Katie. This is a great starter for newbies venturing into online business. It has been a wrong notion that business is all about moneymaking when in fact, it all starts with something people love to do. Business requires dedication and patience. If your heart's not in it, you might as well think twice before delving into business.

Corrine

by Corrine Milford - Men's Necklaces on February 11, 2009
jenniebartlemay

Hi Corrine--We thought thought that this was a great article too! Thanks for the comment.

by jenniebartlemay on February 11, 2009

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