- 11 July 2019
- Posted by: freedomblog
- Categories: Lifestyle, Personal Finance
Have you ever thought of turning your skills or hobbies into a business? More and more people nowadays are learning how to make money off their skills, creating an extra stream of income for themselves and their families. Just think about what you could put that money towards. Perhaps a holiday, or helping to pay the mortgage, or even that item you’ve had your eye on for a while. Read on to discover some tips and tricks that can help you to monetise your skills, sooner than you might think.
Which skill or hobby?
Firstly, you need to figure out what skill you have that you could turn into cash. This could be anything from crafts, to painting, to sharing your expertise with others. Once you’ve settled on your skill, there are many ways you can share it with the world.
Spread the word!
Secondly, decide on the best way of getting your new business out there. If you’re selling something, such as art, a website would probably be the best way to go. On the other hand, if you’re sharing your expertise with the world, you could consider creating an online course to sell. Or, you could try your hand at creating a blog. There are so many different options, so get creative and find your niche!
After this, consider using social media to help get the word out. Set up pages on Facebook, Instagram, Youtube- or any social media site you can think of! Next, ask family and friends to share your pages to help you gain exposure. Keep on top of your pages and they could become an income stream in themselves. Many people earn money from ads on social media!
Advertise, advertise, advertise
Above all, you need to consider marketing your new business. This can be done in many ways, but one of the most effective is through social media. So, you can put your newly created pages to good use and use them to market your business to potential clients. However, the drawback to this method is that it costs money. If this is an issue, see if you can advertise for free or a small cost on local Facebook pages or magazines.
So, there are some ideas on what you can do to start making money from your skills. Most importantly, remember to be patient- it is unlikely you will start making money overnight! But, with social media ever on the rise, it is easier than ever to get your skills out there and make a profitable business from them!