Comments on: Six Tips for Money-Making Hobbies http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/ personal finance that makes cents Sun, 20 Jul 2008 01:25:11 +0000 http://wordpress.org/?v=2.5.1 By: mallory http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-139145 mallory Mon, 07 Jul 2008 06:51:48 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-139145 Hi great post! I'm all riled up and ready to make some money. I'm pretty new to the blogging thing. My blog is part personal, based on my life, thoughts, etc. and half pop culture. Do you think I can make money through this or do i need to be a part of a more specific and informative niche like yours? Thanks! Hi great post! I’m all riled up and ready to make some money. I’m pretty new to the blogging thing. My blog is part personal, based on my life, thoughts, etc. and half pop culture. Do you think I can make money through this or do i need to be a part of a more specific and informative niche like yours? Thanks!

]]> By: matthew http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-116600 matthew Sun, 10 Feb 2008 00:25:58 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-116600 does any one have any ideas for hobbies in real estate? besides construction, interior decorating, and sales does any one have any ideas for hobbies in real estate? besides construction, interior decorating, and sales

]]> By: Dena http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-91572 Dena Wed, 04 Jul 2007 15:02:13 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-91572 Great post! We believe that having recreations and hobbies is a must for this fast pace society and have dedicated the time and energy to create a community website that dynamical changes for each chosen hobby. The fun, information, creativity and friendships brings great value. Great post! We believe that having recreations and hobbies is a must for this fast pace society and have dedicated the time and energy to create a community website that dynamical changes for each chosen hobby. The fun, information, creativity and friendships brings great value.

]]> By: How I Escaped from Living Paycheck-to-Paycheck ? Get Rich Slowly http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-91425 How I Escaped from Living Paycheck-to-Paycheck ? Get Rich Slowly Mon, 02 Jul 2007 15:58:39 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-91425 [...] Boost your income. Many people have suggestions for how to cut costs, but few remember there’s a second side to the wealth equation. Earning extra money helps just as much as practicing frugality, and sometimes hurts less. But how do you get extra cash? Find a part-time job for a few months. Sell some of the stuff you’ve acquired over the years. Ask your boss for a raise. Find a way to make money from your hobbies. [...] [...] Boost your income. Many people have suggestions for how to cut costs, but few remember there’s a second side to the wealth equation. Earning extra money helps just as much as practicing frugality, and sometimes hurts less. But how do you get extra cash? Find a part-time job for a few months. Sell some of the stuff you’ve acquired over the years. Ask your boss for a raise. Find a way to make money from your hobbies. [...]

]]> By: Links For 16 Jun 2007 « A Mind of My Own http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-89890 Links For 16 Jun 2007 « A Mind of My Own Sat, 16 Jun 2007 12:58:54 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-89890 [...] Make your hobby earn money using this 6 tips. [...] [...] Make your hobby earn money using this 6 tips. [...]

]]> By: Increase Personal Productivity with the Top 11 Multiple Positives http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-89789 Increase Personal Productivity with the Top 11 Multiple Positives Fri, 15 Jun 2007 08:41:35 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-89789 [...] Develops a Useful Skill - The number of hobbies that can potentially make money is enormous. This useful post is devoted entirely to the subject, so I won’t rehash it here, but profitable hobbies [...] [...] Develops a Useful Skill - The number of hobbies that can potentially make money is enormous. This useful post is devoted entirely to the subject, so I won’t rehash it here, but profitable hobbies [...]

]]> By: More Money: 5 Ways to Earn Extra Cash in Your Spare Time ? Get Rich Slowly http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-85845 More Money: 5 Ways to Earn Extra Cash in Your Spare Time ? Get Rich Slowly Thu, 10 May 2007 20:26:36 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-85845 [...] cash, you can help offset your costs. Get Rich Slowly readers have been sharing their stories about money-making hobbies in an ongoing (though irregular) Sunday [...] [...] cash, you can help offset your costs. Get Rich Slowly readers have been sharing their stories about money-making hobbies in an ongoing (though irregular) Sunday [...]

]]> By: BillinDetroit http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-84875 BillinDetroit Sat, 28 Apr 2007 06:14:05 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-84875 Shrikant, The market for photography (like many other things) is international in scope. You could start by contacting stock photo agencies via the internet and inquire regarding their needs and prices. From those contacts, you may learn of possible additional markets. Follow up on every one of them. To do this, you will need to have access to a high resolution scanner for the existing photos and, perhaps, a high resolution digital camera for future photos. Possibly you could market the low resolution version, but you will probably need a high resolution version to sell to commercial publishing houses. If you have the equipment and expertise, specialize in some way. One of the best paid photographers on the planet today specializes in baby photos. The advantage of specialization is that, while it reduces the available clientèle, it also reduces the number of competitors. Now you only have to be better (at the craft AND at marketing it) than a relatively few people to get the lions share of that sort of work. The local market may be, for instance, very small for photographs of hands in action ... but worldwide, it might be quite a bit larger. you could even narrow that down further to mens hands or womens or children or aged hands. Use your imagination. ABOVE ALL ELSE ... begin. You will learn more about your craft in six months or a year of earnestly selling your work than you could possibly imagine today. Shrikant,
The market for photography (like many other things) is international in scope. You could start by contacting stock photo agencies via the internet and inquire regarding their needs and prices. From those contacts, you may learn of possible additional markets. Follow up on every one of them.

To do this, you will need to have access to a high resolution scanner for the existing photos and, perhaps, a high resolution digital camera for future photos. Possibly you could market the low resolution version, but you will probably need a high resolution version to sell to commercial publishing houses.

If you have the equipment and expertise, specialize in some way. One of the best paid photographers on the planet today specializes in baby photos. The advantage of specialization is that, while it reduces the available clientèle, it also reduces the number of competitors. Now you only have to be better (at the craft AND at marketing it) than a relatively few people to get the lions share of that sort of work. The local market may be, for instance, very small for photographs of hands in action … but worldwide, it might be quite a bit larger. you could even narrow that down further to mens hands or womens or children or aged hands. Use your imagination.

ABOVE ALL ELSE … begin. You will learn more about your craft in six months or a year of earnestly selling your work than you could possibly imagine today.

]]> By: Stop Swimming » Blog Archive » Spare Time Savings: Six Tips in Saving Money On Your Favorite Hobbies http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-82001 Stop Swimming » Blog Archive » Spare Time Savings: Six Tips in Saving Money On Your Favorite Hobbies Fri, 23 Mar 2007 09:45:50 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-82001 [...] 6 Tips for Money Making Hobbies [...] [...] 6 Tips for Money Making Hobbies [...]

]]> By: shrikant http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-81907 shrikant Thu, 22 Mar 2007 16:45:47 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-81907 first i was hobbiest photographerlater i went in profession as wedding photogra[pher and then i switched over to as industrial and commercial photographer, i have huge collection of photographs covering all subjects my idea is now to get money out of the these pictures, will suggest me some easy and powerful way to earn money?, but one thing that i m staying in india, the city is mumbai, so is it possible to get money here?, exlpain me please first i was hobbiest photographerlater i went in profession as wedding photogra[pher and then i switched over to as industrial and commercial photographer, i have huge collection of photographs covering all subjects my idea is now to get money out of the these pictures, will suggest me some easy and powerful way to earn money?, but one thing that i m staying in india, the city is mumbai, so is it possible to get money here?, exlpain me please

]]> By: zen habits » Blog Archive » Nifty links for Feb. 12, 2007 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-81429 zen habits » Blog Archive » Nifty links for Feb. 12, 2007 Fri, 16 Mar 2007 06:22:21 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-81429 [...] Rich Slowly: Six Tips for Money-Making Hobbies. Got something you love to do in your spare time? Here’s how to make a little cash off of [...] [...] Rich Slowly: Six Tips for Money-Making Hobbies. Got something you love to do in your spare time? Here’s how to make a little cash off of [...]

]]> By: Paul Schmidt http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-81328 Paul Schmidt Thu, 15 Mar 2007 10:19:04 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-81328 What an amazing idea. My hobby is Radio Controlled Aircraft. I had red about a man who has used his skills as an RC pilot for aerial photography. I have seen some of the photo's from a golf tourney and they were fantastic. In the article he states that his equipment costs were in the 2500 dollar range and in 1 year he has been able to recover that cost and put some money towards more advanced equipment. My only concern is how to justify the initial investment with out having a solid customer base. I would think that there are many ways to use this skill but how would one start? What an amazing idea. My hobby is Radio Controlled Aircraft. I had red about a man who has used his skills as an RC pilot for aerial photography. I have seen some of the photo’s from a golf tourney and they were fantastic. In the article he states that his equipment costs were in the 2500 dollar range and in 1 year he has been able to recover that cost and put some money towards more advanced equipment. My only concern is how to justify the initial investment with out having a solid customer base. I would think that there are many ways to use this skill but how would one start?

]]> By: Ask the Readers: Starting an Online Store? ? Get Rich Slowly http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-80971 Ask the Readers: Starting an Online Store? ? Get Rich Slowly Sun, 11 Mar 2007 20:37:57 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-80971 [...] week, Denise writes: I was reading your entry about making money from a hobby and I have a few questions.  A friend and I have long been fans of Halloween, and recently we have [...] [...] week, Denise writes: I was reading your entry about making money from a hobby and I have a few questions.  A friend and I have long been fans of Halloween, and recently we have [...]

]]> By: disparatedan http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-80872 disparatedan Fri, 09 Mar 2007 20:55:47 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-80872 Excellent advice. I turned what I love into a business and now I loathe it. Be careful what you wish for, you just might get it. sn0wl0ver - have you thought of being a professional shopper? There are people out there who will pay you to shop for them. Bijou - I can't understand your logic. If the jewelry is unique then it is an excellent gift at any price. If you don't buy, how will your friend get materials to make more? Why would you pass up a bargain? Does she have a website? I think I'd like to buy, you are a great advert... Excellent advice. I turned what I love into a business and now I loathe it. Be careful what you wish for, you just might get it.

sn0wl0ver - have you thought of being a professional shopper? There are people out there who will pay you to shop for them.

Bijou - I can’t understand your logic. If the jewelry is unique then it is an excellent gift at any price. If you don’t buy, how will your friend get materials to make more? Why would you pass up a bargain? Does she have a website? I think I’d like to buy, you are a great advert…

]]> By: The Best of February — Facelift Edition ? Get Rich Slowly http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-80470 The Best of February — Facelift Edition ? Get Rich Slowly Sat, 03 Mar 2007 21:08:52 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-80470 [...] Six tips for money-making hobbies, in which I lay out some basic guidelines for earning money in your spare time [...] [...] Six tips for money-making hobbies, in which I lay out some basic guidelines for earning money in your spare time [...]

]]> By: ispf http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-78895 ispf Sat, 17 Feb 2007 17:31:02 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-78895 Great post! I will look forward to others in this series. [...] J.D. at get rich slowly has started a new series on how to monetize your hobbies. The introductory post, Six Tips for Money-Making Hobbies was out this week. This one lays out the foundations of the basic how-to [...] Great post! I will look forward to others in this series.

[...] J.D. at get rich slowly has started a new series on how to monetize your hobbies. The introductory post, Six Tips for Money-Making Hobbies was out this week. This one lays out the foundations of the basic how-to [...]

]]> By: Bijou http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-78327 Bijou Sat, 17 Feb 2007 02:46:47 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-78327 Jan brings up a good point about pricing. I have a friend who makes gorgeous and unique jewelry. The piece of hers that I own always draws compliments. I can never bring myself to buy any of her creations as gifts for others, however, because she does not charge enough. At her prices, I feel like I'm taking advantage of her and her considerable efforts, and I would not want to cause offense by overpaying her. Jan brings up a good point about pricing. I have a friend who makes gorgeous and unique jewelry. The piece of hers that I own always draws compliments. I can never bring myself to buy any of her creations as gifts for others, however, because she does not charge enough. At her prices, I feel like I’m taking advantage of her and her considerable efforts, and I would not want to cause offense by overpaying her.

]]> By: $$$ Money - Get It, Save It, Spend It » Blog Archive » links for 2007-02-14 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-74911 $$$ Money - Get It, Save It, Spend It » Blog Archive » links for 2007-02-14 Wed, 14 Feb 2007 01:30:24 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-74911 [...] Six Tips for Money-Making Hobbies Article featuring 6 tips to turning your favorite hobby into a money-making venture. (tags: business money finance tips hobbies) [...] [...] Six Tips for Money-Making Hobbies Article featuring 6 tips to turning your favorite hobby into a money-making venture. (tags: business money finance tips hobbies) [...]

]]> By: sn0wl0ver http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-74597 sn0wl0ver Tue, 13 Feb 2007 17:14:42 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-74597 Very good post! Looking forward to the next one. I just wish that my only hobby I am passionate about, (and very good at I might add!) is shopping! I really need to re-evaluate my wealth equation! Very good post! Looking forward to the next one. I just wish that my only hobby I am passionate about, (and very good at I might add!) is shopping! I really need to re-evaluate my wealth equation!

]]> By: Jan http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-74343 Jan Tue, 13 Feb 2007 11:09:58 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-74343 Don't give things away for free. You can make a birthday present by all means, but don't do irregular hand outs. Try not to go down the route of giving to your friends and family or they will not take you seriously. Work out the cost of making it plus your time spent at a skilled hourly rate like £45 per hour e.g. Plumber or Electrician. Add this to the cost and you will get your sales value for each product. Want to sell it cheaper then I recommend you waste less time. If you do give it as a present try to at least make others aware of the cost of similar items then the friends and family will know the true value of your product. Don’t give things away for free.

You can make a birthday present by all means, but don’t do irregular hand outs.

Try not to go down the route of giving to your friends and family or they will not take you seriously. Work out the cost of making it plus your time spent at a skilled hourly rate like £45 per hour e.g. Plumber or Electrician. Add this to the cost and you will get your sales value for each product. Want to sell it cheaper then I recommend you waste less time. If you do give it as a present try to at least make others aware of the cost of similar items then the friends and family will know the true value of your product.

]]> By: communicatrix http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-74032 communicatrix Tue, 13 Feb 2007 03:05:49 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-74032 Wonderful post! As someone who turned what was basically a hobby into a full-time gig, I can speak to the wonderful sense of fulfillment and growth--and I'm talking personal even more than financial--that I had every step of the way. To me, a key to "success" (whatever that means to you, which is why it's in quotes) is to stay open and flexible and consider the whole thing a wonderful learning experience. Looking forward to the rest of the series. Wonderful post! As someone who turned what was basically a hobby into a full-time gig, I can speak to the wonderful sense of fulfillment and growth–and I’m talking personal even more than financial–that I had every step of the way.

To me, a key to “success” (whatever that means to you, which is why it’s in quotes) is to stay open and flexible and consider the whole thing a wonderful learning experience.

Looking forward to the rest of the series.

]]> By: serenity http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-73933 serenity Tue, 13 Feb 2007 01:41:39 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-73933 Thanks JD this is really help! I have a friend who's been thinking it for a long time. Donna was right about teaching it, unfortunately not everyone have the patient to teach :D I specially like the part where your hobby will not make you rich, I guess the term is correct. Hobby are suppose to be fun, but it was nice not to throw a lot of money to get fun. Thanks JD this is really help! I have a friend who’s been thinking it for a long time. Donna was right about teaching it, unfortunately not everyone have the patient to teach :D
I specially like the part where your hobby will not make you rich, I guess the term is correct. Hobby are suppose to be fun, but it was nice not to throw a lot of money to get fun.

]]> By: dizzydiva http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-73645 dizzydiva Mon, 12 Feb 2007 20:33:36 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-73645 This is an excellent post and it was actually very motivating and inspiring thank you! I've always wanted to be a professional photographer and painter. I know you will cover the overall cost of having a hobby in future posts as they can be quite pricey. I look forward to reading more on this "hobby" series! This is an excellent post and it was actually very motivating and inspiring thank you! I’ve always wanted to be a professional photographer and painter.

I know you will cover the overall cost of having a hobby in future posts as they can be quite pricey.

I look forward to reading more on this “hobby” series!

]]> By: Behind the glasses » Blog Archive » How to get money from your hobby http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-73624 Behind the glasses » Blog Archive » How to get money from your hobby Mon, 12 Feb 2007 20:02:55 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-73624 [...] Have you ever thought to turn your hobby into money making activity? J.D. of Get Rich Slowly gives us six tips for money-making hobbies. His advices are applicable whether your hobby is painting, photography, playing a music or something else. [...] [...] Have you ever thought to turn your hobby into money making activity? J.D. of Get Rich Slowly gives us six tips for money-making hobbies. His advices are applicable whether your hobby is painting, photography, playing a music or something else. [...]

]]> By: Donna http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-73424 Donna Mon, 12 Feb 2007 16:23:45 +0000 http://www.getrichslowly.org/blog/2007/02/12/six-tips-for-money-making-hobbies/#comment-73424 Great column today. I especially like the "Don't force it" section. I've done crafts to sell in the past and when it becomes a job it's no longer fun. Now, I'm just doing it for fun and getting more done, learning more, and teaching more. That's another way to make money from your hobby, teach it. I've just joined a team of craft reporters on http://www.craftcritique.com/ as well to hone up on my writing skills. Great column today. I especially like the “Don’t force it” section. I’ve done crafts to sell in the past and when it becomes a job it’s no longer fun. Now, I’m just doing it for fun and getting more done, learning more, and teaching more. That’s another way to make money from your hobby, teach it. I’ve just joined a team of craft reporters on http://www.craftcritique.com/ as well to hone up on my writing skills.

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