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How A Hobby Can Grow Into A Business
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How A Hobby Can Grow Into A Business

When does a hobby become a business? How many times has somebody asked you why you don't do whatever you do as a hobby as a professional? It could be that your piano playing has reached a level of proficiency that garners you much praise or it could be a vegetable garden that produces more than would be expected from such a small parcel of land. You may even have received such accolades from your emails at work whereby coworkers may suggest that you should be a writer.

So when does your hobby or avocation qualify as a business and why should you care? Once a hobby crosses the threshold from an entertaining way to spend your time off work to having hopes of garnering actual income from your work, then you might want to consider building a business around that hobby. A hobby is a wonderful way to while away the hours between leaving work and returning to work but actually a hobby is more than that (hopefully, you don't just waste time between being at work since life should be more than your job). A hobby can give you a sense of purpose and accomplishment that wouldn't normally receive if you just stuck to going to work, coming home and watching the world pass you by.

A hobby, just about any hobby can make a great side business if not an outright profession if done correctly. Let's say you enjoy collecting coins. It's a nice way to spend an afternoon pouring over your collection and learning about our country's history as told through the exchange of currency and coinage. A more productive way to enjoy such a hobby might be to grow your collection with an eye toward trading with other numismatists to enhance your vast collection. You also might take the knowledge you have accumulated and start a blog. People love to read about their passion and I have personally known many people who love to engage in conversations with others of like interest. You could also consider building a website to feature an area to not only inform but provide opportunities for others to advertise. Not just other collectors but also purveyors of materials and services used in the process of collecting coins and currency. Those coins don't clean themselves you know.

I don't know how many times a year we would have to get out my dads collection and start the process of cleaning the collection. While cleaning we would be regaled with tales of where each coin and bill was acquired and the all too often cited story about the first dollar he ever made (yes, he still has it). These are the times that bring a family closer together but also spurred several businesses in the process. Collecting coins and currency gave way to collecting guns to collecting watches and clocks which were all part of my dad's jewelry business which he ran out of our house. He would go to trade shows and had friends come by to trade and discuss each others collections.

All in all, a hobby can make a great business idea and if you make money along the way, so much the better. Actually making money from a hobby can help grow the activity by providing the necessary funds to expand the scope by acquiring new equipment or just prettier cases to show off that lovely coin collection.


Street Talk

GIL3  

It all starts as a game because you like, and then you realize that you can make money with it, and I think that is the heart of any business.

Reply
  about 7 years ago
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