Turn your love into your livelihood income.
Is your dream to make money doing what you love? There’s nothing better than doing what you enjoy and then being able to make a living from that thing—that’s the ultimate goal! But how, exactly, does this work? And how can you get started?
Whether you’re thinking about launching a career or starting in a completely new direction, you must first determine what you’re passionate about. This will help you carve a future that excites rather than discourages you. From there, you’ll want to research career avenues, professions, and projects that will support this vision. Of course, you’ll also want to be realistic about where you see yourself currently and where you want to be down the road. Once these tasks are set into motion, you can begin to move forward in the direction of your dreams.
Ultimately, the ability to make money doing what you love is possible, but it comes from a lot of hard work and dedication to your craft. If you find yourself nodding an enthusiastic ‘yes’ to any of this, then you’re in the right place. And your future is nearer than you think.
Identifying Your Passion
Passion is something that gets your blood racing. It keeps you engaged with no extra help. When you’re passionate about something, you’ll find more meaning in what you’re doing. It’s not always easy to follow your passion, even more so if you’re unsure what it is.
Are you passionate about art? Can you start drawing/painting etc., once per week? Can you determine what types of art you can create, perhaps, as products for sale? Or, can you start thinking about ‘alternative’ ideas that can make you money or get your name out there?
Before anything else, you need to learn how to identify your passion, and then you can make money from what you love doing.
Turning your passion to Money
There is a fine line between a hobby and getting money from what you love to do. Unfortunately, not everything worth doing or that you love doing will bring you money. That’s just the reality of life.
Getting money from what you love to do requires more involvement, effort, and personal responsibility. But work is much more beautiful when you do it with love and not merely something you have to do.
Here is a guide on how to make money doing what you love to do.
Build a good reputation
Your success will not happen overnight. Everyone starts small. You have to find ways to promote yourself and your work. For example, if you want to be a graphic designer, you’ll have to make a name for yourself. Clients look for experience aside from talent. And you cannot gain experience without establishing a presence. You can use social media platforms to let people know what you’re up to. Once you start to get known, job requests will follow, and you will start making money doing what you love.
Manage your expectations
No matter how good you are, you won’t get the big cheque from the start. You will have to pay your dues. Sacrifice is an essential part of every successful business. At first, you won’t get paid like another reputable graphic designer. You’ll have to be great at the work you do and be different to stand out from the crowd.
What could make clients pick you over someone they already know and worked with. This could mean asking for a lower price or doing extra work for free. This little sacrifice will pay off in the long run.
Embrace the Difficulties
Because you are doing what you love, this doesn’t guarantee that the road will be easy. You will face many challenges along the way. Some people will treat your best work like trash, don’t see the value of what you did, and get clients who will be difficult to work with. Even worse are does who don’t follow through with their commitment financially.
As you tackle each one, you will learn valuable lessons that will make you better at what you do.
Know your limit
How much are you willing to put on the line in doing what you love? This depends on your risk appetite. It’s often best to start small and grow from there. You should strike a balance between doing what you love and money. If you turn to a high-paying job to become a full-time graphic designer, then you might need to cut down on your expenses.
Other ways to monetize your Passion
If you cannot turn what you love doing into business, there are other ways to get money from what you love to do. Here are few ideas for that.
Business begins with ideas; there are plenty of entrepreneurs who get into industries they know nothing about. Find people who will pay for your advice on the subject of what you love to do.
Many people hire professionals to give them the right push towards reaching their personal goals. These come in various forms, such as fitness trainers, relationship counselors, etc.
If your passion lies in topics that will help people cope better with their lives, you can work as their personal coach. You can start building your client within your existing network. Ask your friends if they know someone who may need your help in those areas.
Writing a blog allows you to build a virtual connection with your target audience. It’s also an ideal way to showcase your work.
Write a book
All your knowledge can be packaged in a book. Choose a topic that is relevant to a good number of people. You can draw inspiration from your struggles and victories. Write it well and sell it.
HOW TO GET PAID FOR WHAT YOU LOVE
When people really want advice about building a business out of something they love, a few principles are fairly universal. Starting with…
Not everything you love does a good business.
In fact, most things you love don’t really do a good business. This is probably the most common misconception of the entire “follow your passion” concept: you love watersports, or crafting, or traveling, for example. So why not build a business around it and do what you love all the time?
There are actually several reasons why this isn’t always a good idea, one of which is that you might not like everything that goes along with running a business as much as you like the actual activity. Sure, you like traveling… but how much do you want to work while you’re traveling? Do you like the business of crafting or just the crafting itself?
Second, not everything you do is commercially viable. Chances are, no one will pay money to watch you go surfing, and this brings us to the next point…
What you love must be relevant to other people.
Whoever your prospects, customers, or clients are, they have to identify with what you do and believe it can be possible for them as well. That’s why you work to find the magic convergence between your passions and what customers will pay for. You have to meet a clear need or solve a real problem for the people who pay you. This is critical!
In fact, the more you can focus on other people’s needs and understand how they overlap with a skill you enjoy sharing, that’s where the real follow-your-passion model gains potential.
Often you won’t get paid for the obvious thing, but something related.
To get paid for what you love, you must inspire, educate, or entertain—preferably at least two of the three. But one way or another, you’ll get paid for helping people, not just being awesome. As much fun as it is, I don’t get paid to travel. I get paid because of a business I’ve built that helps other people; it has very little to do with my actual travel.
Sometimes, it helps separate the business model from your passions, even if the two are ultimately correlated. The main question you have to answer for the business model is: “What will customers actually pay me for?” It probably isn’t surfing or travel, unless you’re teaching people to go surfing or travel.
Create your own market.
Figure out what you can do that no one else is doing, or at least how you can do it in a different way than everyone else is doing. You can waste a lot of time trying to get into an existing system, or you can put the time to good use and build your own system. (Ironically, when you do the latter, it becomes easier to break into the original system as you go along.)
Keep startup costs very low.
If you can start something without spending a lot of money, that’s best. If you have to invest some amount of money, that’s OK too. But the worst thing you can do is spend a lot of money and do nothing. Don’t do that!
Find a way to make it work just a little.
When it comes to a lifestyle business, a little momentum goes a long way. The sooner you can get paid, even a small amount or a one-time sale, the better.
The greatest benefit of a lifestyle business is freedom. We usually find that freedom does not just appear out of nowhere; it requires a shift in mindset and the corresponding action. It also sometimes requires a surprising amount of work to maintain.
What is stopping you from doing what you love and Making Money from it?
Many things can go wrong when you pursue what matters to you. You can lose money and friends. But at the end of the day, you decide to make.
You are the only one that can define your success in making money from what you love doing. Once you find your true passion, don’t expect that you’ll make money out of it right away. Before you can live off doing what you love, you need to cultivate it and slowly discover its potential.
With patience, you’ll be able to make it.