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What Can I Sell?
You can make money from physical products you create, such as jewelry and clothing; however, you are not limited to physical products. You can also sell digital products and services. Digital products can include information products, such as pdf reports, audio, images, and video, just to name a few. You can also offer services such as ghostwriting, web/product design, coaching, and teaching others what you know about your hobby. Not quite what you had in mind? There are more options to consider. Don’t give up on your dream for more income.
Are There Other Options to Earn Money?
There are many ways to share your knowledge and experiences, while making money. One of the popular ways doesn’t even involve creating a product or service to sell. However, you will need to do some creative thinking; but you can handle that.
Instead of rushing to make a new crocheted blanket that you will need to sell and deliver, recommend the instructions you used by supplying an affiliate link to them, as well as related items such as yarn, crochet hooks, row counters, project and yarn organizers, etc. If flying model airplanes is your hobby, instead of selling planes, consider selling parts, tools, and other supplies because these hobbyists frequently prefer to build their own planes.
As you see, each hobby can be quite different. On that same note, the target audience, as well as their wants, needs, and problems are very different. To find out what is likely to work best for you, you’ll need to do detailed research.
Can I Skip the Stat Research?
In order to identify specific, viable options, for your potential business, you’ll need to do your research. Among other things, you’ll want to find out the details about your target audience, including their demographics, wants, needs, and problems. In addition, you’ll also want to learn more about the industry (the hobby/business category) and the marketplace competition you’ll have. This may sound like a lot but the more you know, the more likely your business will be to meet your needs and your customers’ needs.
One of the best ways to find the information you need is to use Google Search. You’ll want to look for stats about your industry, your target market, and popular products or services that are currently available.
Knowing the numbers related to your hobby and the corresponding business industry will help you make sound choices and decisions. Highly detailed stats regarding your market’s spending levels and other preferences will help you figuring out how many people you’ll need to reach and convert on a regular basis to earn the kind of income you want.
How Are Others Making Money From the Hobby?
Find out if you can make money from your hobby by checking out how many competitors there are, what they are doing, and what they offer. Find out what their best selling items are. Research complaints and suggestions related to products you are interested in selling. When you find a loophole or gap where a need isn’t being met, plan to create a similar item and enhance it to meet the needs of your audience. In essence, you want to get creative and “build a better mouse-trap,” so to speak.
Don’t limit yourself to looking only at the hobby or craft niche you’re in. Identify hobbies and crafts that are similar to your own. For example, if your hobby/craft is crocheting, you’ll also want to look at knitting, macramé, embroidery, quilting, and other “sewing” related hobbies. This can be helpful in giving you crossover ideas. In addition, many hobbyists and crafters have multiple interests.
Selling Your Hobby/Craft Items
If you make an item that you want to sell to the public, it’s important that the product is attractive, works as advertised, follows all local and nation-wide safety rules and laws. This is harder if you’re making items for children, pets, edible items, or skin products. There may be special laws regarding selling your product, so you’ll need to check into what is required of you and/or your business, from a legal perspective.
* Check the Laws – Every state, city, and/or county has its own laws regarding selling your handmade items. If you’re going to teach people how to do the craft, there may be additional regulations or restrictions, depending on the materials or methods being used. It’s always a good idea to understand all laws surrounding your industry including the local laws that affect you.
* Systemize Creation Process – If you want to be able to enjoy your hobby while selling the things you make, you’ll need to systemize the process and get slightly ahead so that your customers won’t have to wait too long for their product.
* Get Legal – Make sure you have a business license and all appropriate licenses for your area, before you start making sales. You don’t want to get a surprise fine because you overlooked or ignored this step.
* Offer Multiple Payment Possibilities – When you are selling your craft items, it’s going to be easier to make more sales if you allow your customers to pay in the way they’re most comfortable. For example, cash, check, and credit. If you sell items online, you’ll want to take payment processors that help protect consumers like Paypal.com and Strip.com.
Other Details- 2 Ebooks (DOC, TXT), 17 Pages
- 2 Ecovers (PSD, JPG)
- Year Released/Circulated: 2019
- File Size: 12,246 KB
License Details:
What you CAN do:
- You can add the content to an ebook or product that you plan to sell or give away for individual use.
- You can modify the content by removing, adding or otherwise editing to suit your needs.
- You can use the content on your websites, blogs, newsletters or anywhere you publish content.
- You can bundle the content into a viral report, free ebook, product or bonus for your customers.
- You can add your affiliate links, product links, Adsense and other ad code.
- You can charge for access to read this content. For example, a paid ebook, membership site or other paid access content.
What you cannot do:
- You cannot sell this product.