Does the rough economy have you looking for a way to bring in some extra cash? It is becoming more common for people to use their hobbies to build home-based businesses. Here are a few ideas to get your creative ideas flowing.
Working as a private tutor is a great way to keep your mind sharp and share your expertise with students who may need some academic help. Parents often hire tutors for students who need help in English, math, science, languages and more.
2. Music lessons
Do you have musical talent? Offer in-home music lessons. These lessons can be structured as group or individual lessons, depending on your preference.
3. Collectors' items
There are many treasures to be found in thrift shops and garage sales, and it is possible to resell these items for a profit. Look for things that collectors are interested in purchasing, such as art, figurines, books and more. These items can be resold through private auctions or online auction websites.
Hand-crafted clothing and home décor is becoming more popular, and sites like Etsy.com make it easier than ever to sell your homemade goods. Browse online to get ideas about the types of hand-sewn products people are interested in buying.
5. Sports coaching
If you are a sports enthusiast, look for little league teams or community adult leagues that pay for coaching services. Coaching can be offered on a team basis, or you might also offer personalized coaching for individuals who want to improve their skills between practices.
6. Home renovation
Do you enjoy doing renovation projects around the house? Try offering these services to other people. Home renovation can range from small fixer-upper projects to bigger undertakings, and each project can be catered to your client's preferences.
If you have a green thumb, it is possible to leverage your extra produce into spending money. Look for local farmers markets to sell the produce, or set up a stand in your front yard.
8. Yard care
It takes a lot of work to maintain a yard, and many people are happy to outsource their weeding and mowing. Offer a lawn-care service, and spend a few afternoons a week working in your client's yards.
Do you have the skills that are needed to repair computers, cell phones or other types of electronic equipment? Offer maintenance or repair services to other people. Another option is to buy used electronic equipment, complete the necessary repairs, and re-sell the product for a profit.
Look for a community program that offers adult classes, and teach about a topic that you enjoy. These classes can include topics such as cooking, computers, home projects, health and wellness, gardening, photography and more. Talk with the community program manager to learn more about the popular topics in your area.
Pottery, hand-made jewelry, vinyl signs, floral arrangements and other types of homemade crafts are quite popular. Sell these items on Etsy.com, or rent a booth at a craft fair to promote your products.
People who enjoy crafting stories and written masterpieces can make money through freelance writing. You can look for websites that connect clients with freelance writers, self-publish your stories in digital e-books, or sell your content to publishers.
Good photographers are always busy with weddings, family portraits, baby photos and senior pictures. If you don't want to be involved in these types of photo shoots, another option is to sell stock photos of landscapes and other outdoor adventures.
14. Travel and tours
In touristy areas, you can offer tours and day-trips to show visitors the local sites. Feature a local travel experience, and offer a private experience for each person on the tour. Many people prefer these smaller groups over large tour buses.
If you enjoy artistic creation and you are good with digital design, you can offer your graphic design services for businesses looking to develop a website, logo, letterhead, business cards or any other type of business service that may be needed.
Do you have a hobby that can be turned into a home-based business? Right now is a great time to leverage your skills into a money-making activity! When earning extra money, always be sure to consider any tax implications of the additional income. If you aren't sure how this will impact your tax situation, be sure to contact a professional accounting firm.
Troy Martin is a shareholder at Cook Martin Poulson, a Utah Accounting Firm. He has a vast amount of experience in the following business sectors: medical, dental, manufacturing, retail, restaurants, construction, farming and ranching.