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Sunday, May 21, 2006

Section 1-CONVERT YOUR HOBBY INTO A BUSINESS IDEA

This article is continuation of the above article and focusses on how you can convert your hobby into a business idea
Convert your hobby into a business idea
Simple hobbies can be converted in to a business. Many people are selling home made handicrafts etc on internet and are earning decently from it. You too can utilize your hobby to earn full time or part time income by setting up a website and promoting your business online. For e.g. if you love painting or photography you can put up your paintings or photographs on sale on your online store or your website. You can easily set up an online store, selling birthday and wedding cakes, hand embroidered gift items, hand knitted babies clothes or almost anything based on your hobby. Convert your hobby into a business idea and make a flourishing online business.
You might be thinking,’ this is all crap; this does not work in real life’. Let me give you a few real examples of how people have converted their hobbies into a business idea and are making a decent living from it. I read in the Reader Digest magazine about how a mother of three, Mrs. Anthea Coutler from Perth shire, United Kingdom, set up her own website to sell home grown herbs, vegetables and flowers. The site earned her £5000 in the first year. I also read about publisher Marco Gandolfi, 36, from London who has turned his love for music into a business by running a music news website. On his site he runs stories of on all kinds of music, easily earning £500-£1000 per month. There is another example from Australia; Mrs Emily Hay, runs a small home business based in Northern New South Wales, Australia. Being a great admirer of nature and wild life, she had become greatly concerned about the number of plastic bags polluting the environment and killing wild life. She decided to do something about it. Fashion designer and a pattern-maker by trade, she created a bag using some left over fabric. She saw the potential of making a bag similar in design to the supermarket plastic bag but using a durable, lightweight fabric. She named this environment friendly bag as ‘ECOSILK BAG’. The bags are very compact, enabling a shopper to easily take several in a handbag to the supermarket and eliminate plastic bags completely from the shopping. Soon she was in business with her ‘Ecosilk bags’ and a website. Now she has a flourishing online business, which she runs from home and makes a full time earning from . You can find thousands of such examples of how people have converted their hobby into a business idea.
However, you cannot create a successful online business if you aren't passionate about the idea upon which your business is based.
So "Find something that you really love and put your whole heart into it" Brian Tracy.
You must try to choose a subject about which you are passionate and knowledgeable and you don’t mind spending hours on it. Don’t choose a market because it seems to be hot. Do not create something which is exactly similar to something that is already successful. Rather, in order to gain an edge over your competitors use simple tricks like: Keep your price lower than the usual market or offer discounts or bonuses with your product. This will certainly help your product sell. Bring about some element of uniqueness in your product, this will also give you an edge over your competitors
Keep in mind that this is not a “get-rich-quick” scheme; you are building a business, not just a website. You need to bring in a lot of effort, motivation, patience, passion and persistence in order to succeed. Be prepared to work on your website day after day, week after week and month after months for years to come.
Doing a little bit daily is what is required and soon you will have a flourishing online business.
Remember,"The greatest of all mistakes is to do nothing because you can only do a little. Do what you can"
Sydney Smith.