Saturday, July 14, 2007

Money Making Hobbies

Which ones can be money making hobbies? A friend made a life-sized cow out of plywood once. He painted it, put it in the yard, and people started asing if he would sell it. He soon had a waiting list of customers for his plywood cows. With a profit of about fifty dollars each, he wasn't getting rich, but isn't making money with your hobby more fun than a job?

Money Making Hobbies - Two Approaches

The first approach is obvious: Look for ways to make money with your existing hobby or hobbies. What do you produce that other people might want? Do you collect dolls? You might produce a newsletter for other doll collectors, or buy and sell doll furniture.

The second approach is to think of all the hobbies you might take up that can generate a second income for you. When I found that I really enjoyed making walking sticks as a hobby, I sold more than a thousand dollars worth one summer. There are probably things you would enjoy doing that can make some money.

Get creative in your thinking. Look at the list of activities or hobbies below, and see if you can think of a way they can be used to make money. Do you like to travel? You might become a tour guide, or write articles for magazines.

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