Side hustle and part-time jobs
As inflation keeps rising, relying solely on a full-time job might not cut it anymore. With each passing day, the cost of living seems to surge, rendering the income from traditional employment insufficient to meet the escalating financial demands.
Aside from side hustles and part-time jobs, a lot of people are looking for possible business ideas for a money-making hobby.
Consider the basic needs of people for starter
When coming up with a profitable business, you should consider the basic needs of people such as food, clothing, and shelter. Since these items are essential, people will surely patronize your business. But what specific business should you start?
A hobby or interest that makes money
If you do not know where to start, it is always best to begin with your hobbies and interests. This way, you are able to do what you like and do best while earning extra money. Did you know that your pastimes can be more than just leisure activities? Just imagine money-making hobbies.
Here’s a list of some of the top hobbies that make money:
Hobbies You Can Turn Into Earning Businesses
Cooking
Ready-to-Cook Meals
Photo by Ivan Torres on Unsplash
One of the most common hobbies people usually have is cooking. A way that you can make a profit out of this is to create ready-to-cook meals.
Some households have working parents who do not have the time to prepare and cook meals for themselves and their children and would rather use their spare time to rest.
Opting for ready-to-cook meals becomes a practical solution, preserving the time and energy of these parents with hectic schedules.
Some of the sure-hit best-selling ready-to-cook meals you can try doing are lumpia, siomai, and marinated beef. If you prefer more diet-friendly recipes, you may check out this article: Must-Try Diet-Friendly Home Recipes.
Carinderia
If you love to cook and explore different dishes, another profitable business idea is establishing a carinderia. This may take a lot of time and effort as cooking can be tiring, but it will all be worth it.
One thing you should take into consideration here is the location. A good place would be near offices and schools because some employees do not have the time to prepare their lunch, so they opt for buying food instead.
Location is key
An essential factor to consider in this context is the location. Ideally, the establishment should be situated near offices or schools. This strategic positioning caters to the needs of busy employees and students who often lack the time to prepare their own meals at home.
Now, if you have been thinking of starting this kind of business, this is the sign. All you need to have is a small capital and a clean kitchen to prepare your products.
Aside from selling “ulam” for lunch, you can also consider making desserts.
People who have a sweet tooth cannot say no to desserts. Lately, there have been a lot of food trends on social media. It is vital for you to do market research.
Do a market research
Market research will help you understand what your possible customers are into lately and what they want. You can also identify your competition. With this, you can assess the industry and develop effective marketing strategies for your business.
Some of the latest desserts that you can consider are as follows: Mini cakes, ube cheese pandesal, basque burnt cheesecake, and the Korean garlic cream cheese bread. Look out for upcoming food trends to be on top of your business.
If you want to try the trendy charcuterie boards, here are the top places that you can check for inspiration.
Identify platforms available to you
While some may say that this is simply a food stall, this still commands a start-up capital and operating budget. You need to identify ways and measure that will manage the expenses. One great way to promote your business is through the digital platform.
You can create your marketing website where you can promote the business. There is also your own YouTube channel and social media sites where you can sell online.
Arts and Crafts
One of the top hobbies you can make money out of is arts and crafts. As a kid, arts and crafts was a fun hobby where you got to create things out of recycled materials like bottles and paper plates.
As an adult, your creativity is something you can use to create something extraordinary, something that would pique the interests of people.
Below are some ideas that can serve as an inspiration to you:
Making Flower Bouquets
If you are the type of person who loves plants or just wants to unleash your creative side, starting a bouquet wrap business is a great hobby and might be a good start for you.
Ever since the plant parent trend became a thing last 2020, some plant parents took their plant parenting to the next level. Bouquet wrapping is a business for any occasion or celebration, whether birthdays, anniversaries, proposals, or just another day of appreciation.
Thinking of a twist to spice up your flower business? Another thing you can get into is creating flowers out of different materials, like paper or yarn.
This has been trending since 2020. A great example is people creating sunflowers and roses by crocheting, another hobby where you can earn money.
Aside from flowers, you may also use other items for your bouquets, such as chocolates, treats, or even skincare essentials. You just have to be creative, and you’re good to go.
Scented Candles
Scented candles have been trending these past years, and some people have been obsessed with this product. If you are one of those people, you can use this obsession of yours to create a business out of it.
As a collector, you have an idea of what people usually look for when buying scented candles, as a consumer yourself. Use this knowledge to create beautiful and unique candles that would cater to your target audience.
One of the most popular ideas is making your product customizable. There are already shops out there selling candles where the buyer can input a secret message within the candle. They often do this as a gift to their loved ones.
Most arts and crafts-based businesses often work great as an online business. Creating your own website and Facebook pages can help you get a wider market.
Shopping
Thrift Store: Repair and Resell
If shopping is your favorite hobby, no need to worry because you can make use of this to establish your own business. With shopping as your hobby, it develops a good sense of taste in fashion.
Great finds in thrift shops, flea markets, and pre-loved stores
One thing you can do is try to shop in thrift stores and flea markets as there are a lot of cool clothes hidden in those big piles of used clothes. After some cleaning, some items look good, and other items need restoring.
Once cleaned and restored, you can make a social media page to create your very own online store where you can post these thrifted clothes. All you need is to take a picture of each clothing and make it as aesthetic and clean as possible.
After this, create your own prices for every piece; just keep in mind that you have to sell them at a reasonable price. You can also do this with your old clothes at home.
If you want to be creative, you can turn your old clothes into something new. For example, you can turn your oversized shirts into coordinates or your old dress into a cute top. There are bulks of do-it-yourself videos you can watch online that you can get ideas from.
What’s good about this business is that you can sell online or via the Facebook marketplace or you can even set-up your own shop within your home and hold garage sales every now and then to keep the interest of your buyers.
Writing
One of the popular money-making hobbies right now is being a freelance writer. Using your love for writing to make money opens up many opportunities in freelance writing. It will surprise you to know that a lot of freelance writers actually earn more from this money making hobby than their regular, full time income job.
Write for digital needs
Whether it is crafting engaging articles, creating compelling copy for websites, or producing captivating blog posts, freelance writing allows you to flex your creative muscles while earning money.
Aside from creating articles and blog posts, another option that you can explore is social media management.
Social media management
As a social media manager, you have to be more creative with your use of words in creating copies as this would help in creating posts, captions, and ads that really connect with your audience, boosting engagement and making the brand stand out on different platforms. You can also create social media accounts that have relevant content and monetize it in the process.
Multimedia design
If you want to level up your game as a social media manager, you can also learn basic graphic design. A beginner-friendly tool you can use is Canva.
Platforms like Canva empower writers to design visually appealing graphics and marketing materials to complement their written content.
If you are a photographer, whether a professional or an enthusiast, and have a lot of stock photos on hand, you can self publish your images or submit them to professional photography accounts that lease or sell photos. This is one of the lucrative hobbies these days.
Content creation for blogs
Another option is to create your own blog and upload via your own YouTube channel. You can monetize a blog website through various methods such as display advertising, affiliate marketing, sponsored content, selling digital or physical products, and offering services.
Playing Video Games
You can easily turn your love for gaming into an online money-making opportunity. To earn extra cash while playing video games in your free time, you can be a streamer. This is one of the hobbies that make money without having to leave your own home.
Monetize your gameplay
Use platforms like Twitch and YouTube, which allow gamers to monetize their gameplay by streaming live sessions or creating video content. Earning money online through streaming is not an easy process. You cannot just start a live stream and expect instant earnings.
It takes time because your income depends on the number of views and followers you accumulate. It may be a profitable hobby, but it takes a lot of effort and patience.
Participate in esports tourneys
For those who do not want to stream, another option is to participate in esports tournaments or test games for developers.
Other Things You Can Do
Taking Care of Pets
There are a lot of dog owners, pet and animal lovers and owners who may not have the time to give their pets the love and attention they need. Pet sitting and a dog walking business can be a great way to earn good money.
By offering services such as pet boarding, house sitting, or dog walking, you can generate income by providing care and companionship to pets while their owners are away.
You also have the flexibility to set your own rates and schedules; with this, you can cater to a wide range of clients and pets.
Investing on a Property
Investing in stocks and bonds
For those who do not want to explore the world of business, you can explore stocks and bonds. If you are fond of investing in stocks, cryptocurrency, or anything that can be a passive income, this is something for you.
Real estate investment
When it comes to passive income, real estate investment might be the best investment anyone can make. Aside from the value appreciation you get from purchasing a property, real estate investing gives you the time to do what you want while your money is growing.
Though buying property requires a significant amount of capital, it is worth the wait. Generally, your property can grow in millions just within three to five years. You just have to choose the most ideal real estate developer that offers the best returns for you.
Whatever the situation is, it should not hinder us from achieving our dreams. As the saying goes, life is a matter of choice, and every choice you make makes you. Every decision we make could make or break our future. It is just a matter of finding out which option works best for you.
Look for an investment that grows with you through the times. Choose Camella, the country’s trust house and lot developer. For more details, check out its list of available house and lot offerings.
Starting Your Business
Remember that success often hinges on more than just passion and ambition. By investing in online courses tailored to your industry and honing your skills, you equip yourself with invaluable knowledge and expertise.
Research what online course would be right for you as this could help you develop a robust marketing strategy for your business.
In exploring hobbies that double as income streams, you not only unlock the potential for financial gain but also cultivate a fulfilling lifestyle where work feels like play.
So, embrace your hobbies, pursue your dreams, and discover the rewarding journey of turning what you love into a means of making money.
Do you need more motivation to start your business? Here are the Top 5 Recommended Books for Starting Entrepreneurs.
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