As you know, one of my major goals this year is to cut costs in an attempt to pay down my mortgage. One of the easiest ways to do that is to make a little extra money doing something I already love to do, essentially turning my hobby into cash.
One of my favorite past times is hooking rugs. So my plan is to turn the wool stash in my craft closet into $5,000 and use that money towards my goal. I’ll sell my one of a kind hooked rugs on Etsy and eBay throughout the year. It might be pretty hard to reach the $5,000 goal, but I’m certainly going to get to hooking and try.
I know we all have things we enjoy and are good at, so if you are looking for a way to generate a little extra cash this year, why not put those hobbies to work. Here are some great hobbies that have potential to generate a good side income:
Crafting: Just like my love of rug hooking, a love of crafting can churn out some great sellable items. And since you’d do it anyway, makes sense to get a little cash from that pottery, those cute vinyl signs, or that hand-crafted jewelry.
Writing: I had a friend growing up who, since I can remember, would make up the most imaginative stories. I always wondered when she’d write a children’s book because it was such a natural gift for her. If you share that love of storytelling, why not put pen to paper and see if you could make a little money doing it? With online self publishing becoming such a common trend, there’s very little financial risk and a lot of potential financial gain.
Photography: Do you always find yourself behind the camera? Do you love capturing life’s little moments? Take that love and turn it into cash. Maybe start offering to take family portraits or try framing and selling your best shots.
Handmade Postage Stamp Quilt by ZoeDawn
Sewing: This one is broad. If you are a skilled seamstress, you can alter and hem clothes for profit, or you can take custom orders. Or you could even simply sew cute outfits or pillows or whatever your heart desires and open an Etsy shop.
Graphic/Web Design: In today’s digital age, if you have a love for graphic design, you have a marketable skill. You don’t even need to have a degree. If you produce high-quality work, you can sell your talents. Start a side business, do small for-hire projects or simply whip up some fun logos on Fiver.
Tutoring: If there is a subject you are passionate about, maybe helping others find that passion could make you some money. Math, reading and science tutors are in high demand. Might take a bit of patience, but your skill could really be life changing for someone else. Not too shabby for something you love doing anyway, right?
Computers: I think we’d be hard pressed to find an adult without a computer of some sort. All those computers will need fixing at some point. If that’s a hobby of yours, throw an ad up on Craigslist and start charging for it. I’m always in need of someone to provide tech support, to help when we upgrade our system or to even do some basic repairs. I have no desire to lug it to a shop. I’d much rather have someone skilled come to me or even guide me through it online.
Handyman: Do you love tinkering with the washing machine? Taking apart the toaster? Rewiring the TV? If that’s what you do for fun, you have skills that so many people would pay you for. If you are a jack of all trades, a fixer of things, you can earn some serious cash. It doesn’t even take much marketing. Just throw a post up on Facebook with your rates. Some money in your pocket for doing what you enjoy. Seems awesome to me.
What hobbies do you have that you think could make you some money? Have you ever turned something you love into a side business?