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Make Extra Money with Your Hobbies

October 16th, 2010

money-from-hobbies.jpgIn these tough economic times, many people are looking for ways to make a little extra money. One of the simplest ways to generate additional income is by turning your favorite hobby into a part-time job. Here are some great ideas for turning what you love to do in your free time into supplemental income.

Crafts

People who don’t have the time or skill to make craft items are often willing to pay a premium for quality handmade goods. If you are a talented crafter, then you can make extra money by selling your craft projects. Some craft items that sell very well are quilts, candles, home décor, dolls, and soap.

It is easy to find places to sell your handmade crafts. You can rent a booth at your local flea market. The rental fee for a flea market booth is usually very reasonable. Another good way to sell crafts is by attending craft fairs. These events usually charge higher booth rental fees, but they draw large crowds of people who are specifically looking for handmade craft items.

Thanks to the Internet, you can also generate extra income with your craft items without ever leaving your home. Ebay.com, Craigslist.org, and Etsy.com are great places to list craft items. You get the advantage of offering your crafts to a large market. The Internet never closes, so it is like having your own craft store that is open around the clock. The Internet also eliminates the need to move your items to another location. Time is saved by not having to spend hours working in a booth. However, by selling crafts online, you have to be willing to pack and ship your items. The cost of shipping can also affect your sale price.

Gardening

If you have a green thumb, this could be a great way to make extra money. You can raise plants from seeds, and then sell the mature plants. You can also raise fruits and vegetables to be sold. Many people are willing to pay higher prices for organic and locally grown foods.

You can sell plants, fruits, and vegetables at local farmer’s markets. Advertise a “plant sale” and offer plants yard sale style. You can even sell your home grown items from a roadside stand. Check with your local government for permit requirements first, or else you may lose your profits by having to pay a fine.

Collectibles and Antiques

Do you love a good rummage sale on Saturday morning? Do you have an eye for finding vintage collectibles and antiques? If so, then this could be your ticket to making extra money. Most people whose hobby centers on collectibles and antiques often find that they buy more than they have room for.

If you are a savvy shopper, you can sell your extra stuff for profit. Again, Ebay.com, Craigslist.org, and flea markets are great ways to find buyers for your items. The trick to making money by buying and selling is to buy low and sell high. You can’t let your emotions be involved in the buying process. Never buy an item unless you know that it will sell for a higher price.

Photography

Are you a shutter bug? Photography is a great hobby that can turn into a source of extra money. All you need is a good camera, which you probably already own. There are a couple of different ways to earn extra income with photography.

You can find work photographing weddings, family reunions, and other social events. To make money this way, start by getting the word out to your friends and family. Personal referrals are a great way to find customers. You can also advertise on Craigslist.org or in your local newspaper.

There are also many websites that can be used to sell stock photography. Shutterstock.com and iStockphoto.com are two great places to start. These sources can connect you with customers who buy images that will be used on websites, brochures, and magazines.

Whether you need to make extra money for the holidays, to get you over a financial bump in the road, or to supplement your income on a long-term basis, your hobbies are a great way to start. Chances are good that you can find customers willing to pay you for doing what you enjoy.


This article was supplied by M.A. Gallant from Constant Content.


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