So, once you’ve identified your passion, how do you turn that into profit?
There are a number of different ways - and they all depend on your passion. Many times it includes thinking outside the box.
With most passions, we can usually provide that as a service for others that either don’t like to do it or those that don’t have time to do it. For instance, if your passion is building websites you can build websites for others. If your passion is sewing, you can sew for others. If your passion is cooking, then you could cook for others. These are always options and what most folks think of first.
Mine was building websites for others. And so, I started building websites for others. And even though I enjoyed building websites, I soon realized that I was NOT going to get rich from building websites. As a matter of fact, I could work myself to death building websites just to get the bills paid.
I had a couple of options to make more money. I could work longer hours which really wasn’t an option for me. Or I could charge higher prices which I didn’t want to do. I started this business to help others by charging affordable prices, and eventhough I could probably get away with charging more, I just didn’t want to do that for my customers sake. So, I had to think outside the box and do something different.
The best way to make MORE money is to do something once and then make money from that over and over again. Building a website made me money once and that was it, but web hosting makes money every month. Writing a book about web design and hosting could potentially bring me money for a long time in the future. Writing articles that bring in money could bring that money for a long time to come. And nothing really limits my earnings.
So, now I try to think of places where I can spend my time making and doing things that will last and provide income not only now, but also into the future. That way, the money that I make today is ADDED to the income I’ve provided for yesterday.
So, instead of sewing for others, how about making patterns to sell for others to sew their own? Or what about writing a book about sewing to teach others how to save money by sewing their own stuff. Or how about building a website about sewing that will bring visitors - then sell advertising on the site to bring in money. How about setting up a sewing business where you work on marketing and getting customers while others do the actual sewing for you. This way you can sew when you want, but your livelihood doesn’t depend on your sewing.
If my passion is cooking (believe me, it’s NOT!), I could make a website about cooking and sell advertising or I could write cookbooks or I could teach others to cook. Try to find a way to do something once and reap the rewards for many years to come.
So, again, I ask, “What’s YOUR passion?” And then I ask, “How can you make money from your passion?” And the better question is, “What can you do about your passion that could produce money over and over and over again?”
Are you having trouble with these questions? Contact me, I’ll be glad to help!
My boys think their passion is video games. They would be content to sit around all day and play video games. So I put them to the challenge - how can you make money from video games?? They’ve now started their own website - http://dsgametalk.com and they have a forum and their own blogs. They are going to start reviewing Nintendo games and writing about their progress, etc. When they get enough traffic, they can start selling advertising and using Google Adsense. It won’t get them rich overnight, but then again, they aren’t doing it for the money. They are doing it for the passion. And eventually, that will bring the money.
What’s your passion?? Do IT!
