RELAXATION CREATIVITY LEISURE
Starting a business/ monetizing your hobby
So many persons have hobbies they enjoy doing at their leisure. It could be playing games, photography, watching television, blogging, basically anything.
But do you know there is great joy in turning your hobby to a money making venture? Won’t that be something? Doing what you love and earning from it!
Lots of people don’t see how this is achievable considering they have other jobs to do. I will give you a very good example with someone whose hobby is taking pictures.
Photography can be of any type, nature/ wildlife shots, snapping people at the park or particular interest pictures. You could simply turn this love you have for capturing moments into a business.EXTRA INCOME — EXTRA INCOME — MORE INCOME NOW —- CLICK NOW
Either as a studio photographer or as a photography blogger. Now to monetize your hobby, there are things you need to think through. Below are a list of things to do when monetizing your photo hobby.
1. Give it a name
! As simple as this may sound. It is very important to give your new business a befitting name. A good catchy name means it will easily stick in your potential customers mind.
You don’t want a name that doesn’t roll of the tongue. For instance, Joe’s amazing photography. Think something short and punchy like Joe’s shots/ Joe’s photos. A catchy name is very vital when starting a new business.RESIDUAL INCOME/PASSIVE INCOME
2. Do your research:
This is probably the first thing you should do as it is very vast. You’re going to make research for several things. You have to check and confirm if the name of the business is already taken.
You have to research the business itself, how rampant it is in the area you want to start it. Do people in the area appreciate the services you are going to offer.
You have to research potential competitors as well. Check how successful they are, how they go about their business, how do they operate.
Proper research is very vital any how you look at it, wether you do it yourself or hire someone to do it for you. Make sure you do a very in-depth market research before you start any business.
3. Working tools
Tools and equipments are very important in any business. You don’t start a welding business without a protective welding glass. What materials do you need to start the business?
Make sure the things you need are ready. Check for the ones that are most important to start the business and buy them if you don’t have them already.
If it is the photography business you want to start, then you will need a camera, a good one of course, you may or may not need a stand, a camera stand, etc.NEED INCOME NOW — THEN CLICK NOW
4. Registration and license
Off course you don’t just select a business and start without proper registration and license. It is important to go to the nearest licensing agency in your area and get registered.
Once you’re licensed, secure your license and keep it safe. It shouldn’t take more than a week to get licensed in any field of choice.
THIS IS A SIMPLE BUSINESS YOURCAN START
WORK FROM ANYWHERE – ANYTIME
Starting a business for the purpose of passive or residual income
The motive behind starting a business is often to make money that will be enough to cater for one’s needs. Earning large enough income will give you the opportunity to accomplish and live the type life you desire.
But most people don’t have the ability to live life on their own terms because they are either a slave to their debts or cannot break away from living on pay check. But this problem can be solved by the many benefits of residual or passive income.
One of the best ways to gain financial freedom is by setting up a business with residual income opportunity. There are many businesses both online and offline that one can set up to generate residual income.
Residual income by definition is the income one generated long after the work has been completed. It is the type of income that one continues to generate for as long as the business lives. Residual income also known as passive income has no limitations based on time.
Starting a business with residual income opportunity will enable you live life in your terms. You will continue to earn money whether you are there working or not. The amount of money you can make does not stop whether you get out of bed or not.
In addition, it is possible to have different streams of residual income. Unlike having two jobs that will consume your time, multiple streams of residual income will increase your earnings while also giving you enough free time. Residual income gives you a more lucrative alternative to finding a side hustle that will stress you and consume your precious time.
To kick start your dream of financial freedom, here some of the residual business opportunities that you can venture into.AWSOME FASHIONS
Invest in real estate
Rest estate is one of the most lucrative means of generating passive income. Apart from being lucrative, it give you rest of mind and requires little or no work.
This involves promoting other people’s product online of which you get a commission once it leads to sale. Affiliate marketing can be done by marketing people’s product on your website. It can also be done by promoting them on social media platforms.
Affiliate marketing is a great way of making money online. You can make up to six figures every month from the comfort of your home. And remember, you do this at your time and pace.FREE INFORMATION
Write an EBook
Selling a book online can be another great way of generating residual income. After the initial work of writing and creating the book, the only thing left is to make your money on every sale. You don’t need much capital to produce an EBook, no printing and shipping costs.
Other residual income business opportunities that you engage in include:
• Create lead generation website
• Start a drop shipping business
• Create a mobile app
• Invest in vending machines
• Rent out your spare room
And the list is endless.
PLEASE SHARE, COMMENT AND DONATE —THANK YOU