Money-Making Pandemic Hobbies
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This week, we talked about making money with some of the pastimes you already enjoy. There are many different profitable hobbies you can monetize, such as writing, photography, gaming, or cooking. If you have the urge to start a business but don’t know where to start, check out the recap below for some helpful tips!
The panel included Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian; Christina Roman: Consumer Education and Advocacy Manager at Experian; Leslie H. Tayne, Esq: Founder and Managing Director of Tayne Law Group, P.C. (f/k/a The Law Offices of Leslie H. Tayne, P.C.); Beverly Harzog: Credit Card Expert and Consumer Finance Analyst for U.S. News; Lawrence D. Sprung: CFP® President of Mitlin Financial, Inc; and Paulina Likos: Investing Reporter at U.S. News.
Questions We Discussed:
Q1: Did you pick up and enjoy any hobbies during this pandemic?
Q2: What are the benefits of having a hobby?
Q3: What are some hobbies that can make money for teens?
Q4: What are some ways to make money from a photography hobby?
Q5: How can you turn your love of cooking into extra cash?
Q6: How can you make extra money as an animal lover?
Q7: What are some DIY craft ideas you can sell for extra money?
Q8: How can you turn a gaming hobby into a gaming career?
Q9: What are some ways you can make money by writing?
Q10: Any final tips for turning a hobby into a profitable business?
Retweet these insights from our community:
A1(a) During the pandemic I finalized and launched my #Podcast Mitlin Money Mindset™ @mitlinmoney.
So many of my guests have turned their passions into a business #CreditChat https://t.co/cTLeAf8aAk— Larry Sprung, CFP® (@Lawrence_Sprung) November 11, 2020
A2: During a #pandemic having a hobby can give you a chance to relax and release. Some hobbies can help you alleviate stress. They can also help you further develop talents or business ideas you never considered before. #creditchat
— Kembala Evans (@Kembala) November 11, 2020
A3: Your abilities on social media, blogging, and being able to build a website might not seem like anything special to you. But, you might be surprised at the number of people who’d pay for your assistance in those areas. #CreditChat
— Financial Beginnings USA (@finbeg) November 11, 2020
A4: #Photography can be a very lucrative hobby! If you want to make money from your snaps, try selling your images to stock sites, printing and selling your prints, offering photography packages to individuals and businesses, or teaching a class! #creditchat pic.twitter.com/4tyhGtvjxV
— Accredited Debt Relief (@Accredited_Debt) November 11, 2020
A5: The food industry is a grass roots business. If you can get your neighbors onboard with your cooking, they will be sure to spread the word, which is the best advertising you want for business. You can also great social media page promoting your cooking! #CreditChat
— Paulina Likos (@Paulina_Likos) November 11, 2020
A6. Animals lovers can make money caring for pets when their owners are away or dog-walking for people who work long hours or those who may need a little extra help due to health issues. Here are some more options: https://t.co/QSiwfBBjmD #CreditChat
— Jennifer White (@Jennifer_Wwhite) November 11, 2020
Q7: What are some DIY craft ideas you can sell for extra money? #CreditChat pic.twitter.com/PyLNP9XHH1
— Experian #StaySafe (@Experian) November 11, 2020
A8: There are many ways to get into the gaming industry as a career. Here are some tips, including playing competitively and streaming on @Twitch. #CreditChat https://t.co/3IIbPIN1Hh
— Beverly Harzog (@BeverlyHarzog) November 11, 2020
A9: Monetizing a blog is one way to make money from writing. Alternatively, proofreading or editing other people’s work is a good way to make money with your writing skills as well. #CreditChat
— American Consumer Credit Counseling (@ACCC_TalkCents) November 11, 2020
A10. Don’t get in over your head! Some hobbies may require a substantial amount of $ upfront to turn them into a business, but don’t gamble with funds you need to pay your bills. Some more tips for success turning a hobby into a business: https://t.co/4szDaBuFUN #CreditChat
— Jennifer White (@Jennifer_Wwhite) November 11, 2020