You have a good idea what you love to do, but how do you turn what you love into a cash machine?
First off, do not let yourself brush this project aside because it sounds ridiculous or too good to be true. I have seen so many people turn the things they love into successful businesses, things that you would have never imagined would turn into successful business ventures. So, hang in there.
And don’t forget the job market that already exists. If there is something that you love to do, there is a good chance that there is someone else out there getting paid to do it, who probably doesn’t even like doing it. That is another opportunity for you either as an entrepreneur or as an employee.
You would be so much better performing that thing than anyone else who thought they were just doing a job for someone else’s business. You could get that job or start a business that provides this service to other companies.
There’s nothing wrong with getting paid to do what you love to do, while working for someone else, but consider this: If you are doing what you love for someone else, your employer is making five-times what you are getting paid off of the work that you do. By starting your own business, you can easily double your income by offering your services to others.
How to Turn What You Love into Cash
Take the leap: Create your own dream job by starting your own business offering your unique skill, service, talent, gift, or teach others to do what you love to do.
If you were to take a look at the most successful people in the world, you would find them doing what they love, and enjoying every moment of it, while watching their bank accounts grow exponentially.
You could be doing the same thing, too.
If you have no experience in running your own business, do not worry. You can stick your toe in the entrepreneurial water to give it a try inexpensively with little or no risk. In fact, this is the preferred method of trying out your idea on others before making the big leap.
You don’t need a license to do business under your own name, so just use it to test your idea out before you get distracted by the business if doing business. Just keep track of your income and expenses while you are testing the waters.
Your primary goal is to present your idea to someone and to get someone – anyone – to pay you any amount of money to do what you would like others to pay you for, which would be the focus of your business venture. This is how you vet your business idea.
While vetting your business idea, spend as little as possible advertising your service. Use community bulletin boards, leave flyers in offices, place small, classified ads, use craigslist.org, advertise on Facebook marketplace, you get the idea. Get free business cards (yes, free business cards are a thing… Google it). Make phone calls to businesses or individuals who might be likely candidates for your services(s). Spend very little and the idea is only to get one paying client before you proceed.
If you are unable to get someone to pay for your service, put this idea on the back burner and try the next idea.
If you have a paid client, you are to perform the service and request that your client gives you a positive review of your performance. With this/these review(s) in hand, you are ready for the next step.