Are you tired of the nine-to-five grind? Do you feel like you’re stuck in a job just to pay the bills? Would you rather be doing something else? If you answered yes to these questions, great! So, how would you like to learn how to make money doing what you love?
In an often challenging world, not everyone is lucky to be pursuing their passions. So, instead of taking part in the rat race that sucks the life out of you, there are ways of making money from what you love.
Identifying Your Passion
Passion is something that gets your blood racing. It keeps you engaged with no extra help. When you’re passionate about something, you’ll find more meaning to what you’re doing.
It’s not always easy to follow your passion, even more so if you’re not sure what it is. People who lack motivation and fulfillment are usually the ones who don’t know what to do with their lives.
Before anything else, you need to learn how to identify your passion and then you can make money from what you love doing. Here are a tips to help with this.
Remember That Finding Your Passion Takes Time
Have the right perspective as you rediscover yourself. You do not need a eureka moment to realize what you should be doing with your life. Inspiration doesn’t always strike in an instant. Sometimes it takes a series of small discoveries to find your true passion.
Take a step back, and look at the things that piqued your interest recently. Meditate on the events and opportunities that happened to you recently. Which ones did you enjoy? What activities made you lose track of time? Which ones did you swear not to do again?
Search your memories. What hobbies did you have when you were a kid? Were you good at drawing or writing songs? Remember the things that kept you occupied before life got in the way. Could these hobbies take center stage in your life now?
Think of the future. Imagine yourself 20 or 30 years from now. Would you be happy knowing that you made the most out of life? Or would you be filled with regrets?
Create An Inventory Of Your Skills And Talents
Identifying your passion will be easier if you eliminate the things that you’re bad at. But this doesn’t mean that you need to have exceptional skills at any one thing. Your passion is something that you can pour your heart into, even if you’re just “okay” at it.
The successful people who make money from what they love to do, are passionate about their work. They aren’t defined by a single skill.
Instead, they fuse their mediocre skills together to find their passion. Steve Jobs, for example, was not the greatest engineer or businessman, but look at the impact of his work.
He hired people who are better at the individual aspects of his business. His knowledge was just good enough, but his passion became the driving force in their success.
On a piece of paper, write down the things that you love and hate to do. Also, rate how good you are at each task or activity. Then ask your friends and loved ones to populate this list, too. Hopefully, this will give you a profile of your skills and talents.
You’ll notice that certain experiences in your life are highlighted more than others. Extract the key ingredients in these experiences to unveil the things that matter to you. For example, you might enjoy babysitting as a part-time job.
The key ingredient there could be children. However, if you dig deeper, there might be a bigger driving force running in the background.
Although you’re good with kids, your stint with babysitting could also mean that you have a nurturing spirit. Your passion could lie in serving others regardless of their age. This ingredient could end up turning what you love doing into money.
Distance Yourself From Those Who Drag You Down
In your search for your passion, you will encounter different kinds of resistance. This could take the form of discouraging voices around you. When you try to make serious changes in your life, there will be people who will pin you to the status quo.
They feed you with pessimism and question your decisions. You should tune out the naysayers, and prove them wrong.
Instead, surround yourself with those who can contribute to your aspirations. Create a nurturing environment for yourself. Lend your ears to people who care about your happiness and well-being. It’s their advice and opinion that matters.
Draw inspiration from others. Look for people who successfully followed their passion and make them your role models. Take note of their stories and journeys, and then apply them to your life.
Enjoy Finding Your Passion
Self-discovery should be a fun process. Be patient with yourself. Don’t feel pressured to find your passion right away. This will only drive off inspiration.
It is better to cultivate an outlook of wonder and adventure. If you think that there’s absolutely nothing interesting in your life, then try out new things. Perhaps your passion is hidden in experiences that you haven’t had before.
If you’re feeling stuck with where you are, doing the same things over and over again will not change the situation. Don’t be afraid to step out of your comfort zone.
Sure there’s a chance of failure, but that’s what makes it exciting. Just take that leap and turn that activity you love into money!
Turning Your Passion To Money
There’s a fine line between a hobby and a profitable passion. Being passionate about something means that you can’t imagine yourself not doing it. Unfortunately, not everything that’s worth doing or that you love doing will bring you money.
That’s just a reality of life. People who can’t profit from their passions can still keep doing what they love as a hobby. They need to make money in some way that will give them the luxury to pursue their passion simultaneously.
Turning your passion into money is a different story. It requires more involvement, effort, and personal responsibility. But work is much more meaningful when you do it with love, and when it’s not merely something that you have to do.
If you’re up for the challenge, here’s a guide on how to make money while following your passion. The following tips take the example of a person who is passionate about digital art.
Build A Good Reputation
Your success will not happen overnight. Everyone starts with being a nobody. You have to find ways to promote yourself and your work.
For example If you want to be a successful digital artist, you’ll have to make a name for yourself. Clients look for experience aside from talent. So you won’t gain experience without establishing a presence.
Rise from obscurity by building an online presence. You can create a blog or website that features your work. Use social media platforms to let people know what you’re up to. Once you start to get noticed, jobs will follow and you will start making money.
Manage Your Expectations
No matter how good your work is, you won’t get the big bucks from the get-go. You will have to pay your dues. When it comes to turning what you love to do into money, sacrifice is an essential part of any success story.
At first, you won’t get paid as much as other reputable artists. You’ll have to think of value-added services to stand out from the pack.
What will make clients pick you over someone they’ve already worked with? This could mean asking for a lower rate or doing extra work for free. These little sacrifices will pay off in the long run.
Embrace The Difficulties
When you do something that you love, it doesn’t mean that the road is going to be easy. You will face many challenges along the way. There are people who will be critical of your work. Some will treat your best work like trash. They don’t see the value of what you do.
You will get clients who are difficult to work with. There are those who will restrict your creativity. They want things to be done their way. Some will make you do certain styles that aren’t really yours.
Even worse are those who don’t follow through with their commitment. Many digital artists end up not getting paid or not getting credited for their work.
Before you follow your passion or think of making money from that activity you love, prepare yourself for the hardships that await you. As you tackle each one, you’ll learn valuable lessons that will make you better at what you do.
Know Your Limits
How much are you willing to put on the line in pursuing your passion? This really depends on your risk appetite. It’s often best to start at a small and manageable scale.
This will orient you with the industry you’ll be working with. When you get a hang of its ins and outs, it becomes more comfortable to accept bigger jobs.
When your passion can’t pay the bills yet, maybe it’s wise to find another job that will keep you afloat. You should strike a balance between passion and money. When you want to follow your passion, there may be some comforts that you’ll need to give up.
If you turned back a high-paying corporate job to become a full-time artist, then you might need to move to a smaller apartment or come up with money saving strategies.
It’s in new experiences that you’ll be able to test the seams of your bravery. How far you’re willing to go in turning this activity you love into money is really up to you.
Make Time For Your Passion
When your passion won’t give you enough income to quit your crappy job, don’t lose sight of it. If you have a knack for art, dedicate a time of your day to make art. This prevents your creativity from going stale.
Customize the money-making potential of your passion according to your resources. If you can’t be a fulltime artist, you won’t be able to do commissioned work. But you can always sell the work that you already have to an audience that will appreciate it.
Delegate Tasks You Don’t Love
If you decide to turn your passion into a business, this will involve tasks that aren’t necessarily in your arsenal.
A digital artist may not have the entrepreneurial ability to scale up the income potential of their passion. In this case, you need to partner up with other people who are up to the task.
Outsourcing tasks that you don’t enjoy keep your work pleasurable. Outsourcing will help with taking care of everything might burn you out. Your passion project might turn into another crappy job if your “have-to-dos” overpower the “love-to-dos.”
Consider relying on technology to simplify difficult tasks.
You can even hire an agency to do this for you. You could let someone else handle sales so you can focus on the creative part of the business.
Other Ways To Monetize Your Passion
If you can’t turn your passion into a business, there are other ways to get money from what you love to do. Passionate people are usually good mentors. You can capitalize on this to earn additional income. Here are a few ideas to do that:
Businesses begin with ideas. There are plenty of entrepreneurs who get themselves into industries they know nothing about. Find the people who will pay for your advice on the subject of your passion.
For example, a person who knows the local culinary scene may help out on the menu of a restaurant that’s planning to open in the area.
Goals are unattainable without motivation. Many people hire professionals to give them the right push towards reaching their personal goals. These come in various forms, such as losing weight, overcoming addiction, fixing relationships, or managing stress.
If your passion lies in topics that will help people cope better with their lives, then you can work as their personal coach. You can start building your clientele within your existing network. Ask your friends if they know someone who may need your help.
Seminars And Workshops
When you’re passionate about something, you can talk and talk about it for a good amount of time. Why not share this knowledge in a seminar or workshop? Highlight the key points and put them in a presentation.
Your first gig can be in your local church or community center. Make it an intimate affair. If you’re successful, your first attempt may create a buzz that will lead to further opportunities. Thus improving your money-making chances on that activity you love to do.
Writing a blog allows you to build a virtual connection with your target audience. It’s also an ideal instrument to showcase your work and your life story.
You can use it to promote merchandise or upcoming events. Blogs which generate many clicks can also host paid ads that can supplement your income.
Find an interesting topic along the lines of your passion. Invite an expert or fellow enthusiast to discuss it with you. Record a talk show or interview, and upload it to a platform where people will pay to listen to it.
Vlogs And Video Tutorials
There’s an emerging breed of professionals known as social media influencers. They capitalize on their online popularity to gain sponsorships and paid ads. Before, only celebrities and movie stars were able to do this.
With the emergence of YouTube and other social media platforms, anyone can potentially become famous.
If you’re able to create good quality vlogs and video tutorials, people will subscribe to your YouTube channel.
There are lots of incentives given to those who are able to generate consistently multiple views. Your videos can take on diverse topics like make-up, fashion, and fitness.
People don’t always have the luxury of time to learn new things. Online courses can fix that. You can create an online course that people can follow at their own convenience within the comforts of their homes.
One successful venture is Jules Clancy’s Virtual Cookery School, which she promotes in her blog Stone Soup.
If you know a topic inside and out, then you’re the perfect person to teach it. Personal tutors are in high demand for parents who want a holistic upbringing of their children.
For example, you can teach someone to play a musical instrument.
Writing A Book
All your knowledge can be packaged in a book. There’s really no need to find a publisher. You can always make a PDF report or an eBook. Self-help books are quite popular.
Choose a topic that is relevant to a good number of people. You can draw inspiration from your own struggles and victories. Write it well, and sell it.
What’s Stopping You From Following Your Passion?
Following your passion is kind of scary, especially when your status quo is quite comfortable. There are a lot of people who lead mediocre lives because they’re bound to doing things that they don’t love.
Many things can go wrong when you pursue what matters to you. You can lose money and friends. But at the end of the day, it’s your decision to make. You’re the only one that can define your success in making money from what you love doing.
Once you find your true passion, don’t expect that you’ll make money out of it right away. Before you can live off your passion, you need to cultivate it and slowly discover its potential. With patience, you’ll be able to make it.
Implement these tips as you start your journey into monetizing your passion. They will prove useful to you. Good luck!