If you start a business doing something you love, then it won’t feel like work anymore. When you care deeply about something, you’re often willing to work harder and deliver more value. In the long run, you will probably earn far more than if you work for a corporation.
If you have a passion for finance, you could become a loan signing agent, if you have a passion for retail, you could launch your own e-commerce store, and if you have a passion for writing, you could become a self-published author on Amazon Kindle.
Prosper as a Loan Signing Agent
Loan signing agents are well-paid. Initially, you might only earn $75 an hour but as you get more experienced, you’ll be able to charge $200. You will need to become a notary public first, but it’s easy to get qualified. Incidentally, if you change your mind about working as a loan signing agent because it was not what you had expected, you can still use your qualifications as a notary to earn a good living by signing up as a professional agent for websites like https://www.superiornotaryservices.com/find-a-notary-near-you.
Launch an E-Com Business
If you have a passion for a certain line of merchandise, you can build a virtual store around it. You can decide to create your own website by hiring a web developer and purchasing a domain name or use templates offered by e-commerce platforms like Shopify.
Become a Kindle Author
If you’ve always wanted to be an author but lost hope after big-name publishers sent you rejection letters because they thought your book proposal idea was not financially viable or your story would not be popular, it’s time to dare to dream again.
Now is the time to pull out that romance novel manuscript or that memoir you never finished from the bottom drawer of your desk and start over as a Kindle direct publisher.
Visit KDP University to find out about all the resources Amazon gives you as a self-published author to successfully market your books. You can also get step-by-step guidance from their other resources like KDP Jumpstart and their Frequently Asked Questions page.
Other Ways to Monetize Your Talents
You can monetize any long-term hobby with a little ingenuity:
Here are three examples:
- If you love to draw or paint, create original drawings or paintings and sell them on places like Etsy, an e-commerce platform where people sell art, crafts, and vintage items.
- If you love to play chess, start a YouTube channel and teach other people how to improve their ELO ratings. Share tips on how to play the opening, the middle game, and end games.
- If you love to take photographs, enroll in a photography school to learn how to create memorable photographs that capture the beauty of everyday things or scenes we all take for granted.
As a creative, you can make a good living by either selling your original products or teaching other people how to do what you do so well. There are many websites to sell your stuff and many ways to tutor others online.
Develop an Entrepreneurial Mindset
Although following a passion project is exciting, you may find it difficult to prosper from your own business if you don’t develop an entrepreneurial mindset. If you’ve worked for other people all your life, then, by default, you may have an employee mindset. Entrepreneurs often learn to run everything by themselves until they can hire other people while employees aren’t familiar with running the whole show.
A Forbes article on acquiring an entrepreneur’s mindset suggests that you can develop this unique mindset by regularly revisiting your vision, accepting challenging situations, reading daily seeing business problems from different perspectives, and always striving to provide value.