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to;dr -- Never devalue your personal time. If you can, monetize your hobbies that you'd be doing anyway. I don't have a side-hustle yet, but I'm working on one
by daveslash 8y ago
to;dr -- Never devalue your personal time. If you can, monetize your hobbies that you'd be doing anyway.
I don't have a side-hustle yet, but I'm working on one. As you pointed out, there's an opportunity cost to a side-business. I'm working on a scheme to monetize a hobby; make money off something I'd be doing anyway. I'm just over 10 years into my career, recently married with a teenage step-child. My family-time or my "down-time" is very precious to me. During our wedding, we got some beautiful wedding save-the-dates off Etsy. They were water-color paintings. But then we needed additional stationary: invitations, menus, seating charts, table signs, a gobo (wtf is a gobo??), etc.... I ended up using photoshop to make all of the other stationary and graphics myself based off the initial Etsy save-the-dates (it was important to me that the fonts & colors matched on everything). My wife loves to paint water-colors, and I'm into photography & graphic-design. I'm working on a side hustle to do wedding invites and similar stationary on Etsy based off her paintings and my photography & graphic-design skills. These are (mostly) activities we'll do anyway. So... make some stationary templates once, throw them up on Etsy, and if people buy them GREAT, if not then no loss.
- typeliftr03 8y agoFor me, monetizing a hobby is a quick way to start hating it. Unless you really want as much money as you can get, you probably shouldn't monetize all of your hobbies.