How to use your Hobby to Create Value while Creating a Revenue Stream

Do you have a hobby, skill or interest that you know would be a perfect passive income opportunity?

 

On Podcast Episode 38, Jamey Reynolds, a real-estate agent, shares with us how he got started in the cattle industry as a passive income opportunity. He was first exposed to this industry as a small child, where his grandfather owned and operated a farm.  He knew he still had a passion for this industry, but he just needed to figure out how to create a passive income opportunity for himself.  He figured out specifically what he wanted to be involved in with the cattle business, and he lets others handle the parts that he does not want to handle.

 

Jamey discovered this opportunity from a passion, what hobby or passion could you create into a passive income opportunity?

 

Well, here are some suggestions to help you get started from “How to Turn Your Hobby into a Profitable Business Venture” from Entrepreneur.com:

  • Create a Plan: Have a strategy in place before you dive right in. See what works and what doesn’t work.  Then, you can tweak your plan along the way.
  • Get your First Transaction: Start small.  Once you get that first sale, the others should be easier to get.  Network with others to get the word out about your new venture.  
  • Maximize your Time: Only take on projects/clients that will get you the best ROIs. You will need to be able to prioritize your time; balancing between your 9 to 5 job, family, friends, etc. can become pretty hectic at times. 
  • Build an Online Presence: Create a website for your new business.  Also, create and maintain social media pages to spread the word about your business.

 

Are you ready to turn your hobby into your new passive income opportunity? Are you ready to make the switch from your 9 to 5 job and become an entrepreneur?

 

At Wealth Without Wall Street, we would love to help you turn that passion into a business.  We believe that we have a great alternative financial strategy to help you reach your future business goals.

 

Are you interested in learning more about this unique opportunity? Schedule a financial strategy call with us by clicking the link on our website.  We look forward to hearing from you!

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