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I've monetised my hobbies three times so far. All three times it has become lucrative, but none of them are hobbies any more. One of the important things alon
by AussieWog93 5y ago
I've monetised my hobbies three times so far.
All three times it has become lucrative, but none of them are hobbies any more.
One of the important things along the way I've learned is that what makes hobbies relaxing and fun isn't about the specific task you're doing but the fact that it's about enjoying the process of making/doing rather than feeling pressure to deliver the end result.
That's not to say I have any regrets about what I did - it's turned into a pair of businesses that are interesting and challenging in their own way while bringing in some serious coin - but the whole adage about "do what you love and you'll never work another day in your life" doesn't apply to running a small business.
- sprkwd 5y agoI’d love to know what they all were.
- rockbruno 5y agoI agree with this sentiment. I started taking sponsorships for my blog and it very quickly sucked the fun away from it. I now felt like I couldn't do whatever I wanted because I needed to optimize the sponsor's time and post content to make them feel like it was worth it. In other words, it became a boring job.
- agumonkey 5y ago> All three times it has become lucrative, but none of them are hobbies any more. I regularly wonder how to balance the intrinsic pleasure with extrinsic value. I keep thinking that people could meet on the point where both find great pleasure in this venture. Something rare in the current economy it seems.
- bombcar 5y agoOne way to do it have the hobby be something that’s entirely yours (you carve intricate models of Vietnamese railway cays say) and someone else sells them, almost without any communication as to “what is selling etc”. Never take orders.
- kqr 5y agoIt's hard because extrinsic motivation kills intrinsic motivation (see Drive for some of the behavioural science here). Once you start putting a monetary reward on things, people in general lose the interest in doing them for their own sake. So I think for this to work, you have to go full collectivist: gather up a bunch of people interested in different things, produce stuff for each other and divide equally with no money being involved in the transaction.
- is_true 5y agoA hobbie with dates isn't a hobbie. I also successfuly monetized my hobbies.
- scrapcode 5y agoInteresting tidbit that obviously has plenty of objections. However, I do feel that this is the biggest barrier to my progress in one of my hobbies, jiu-jitsu. I have plenty of time to dedicate 10+ hours a week to fitness, but it is the aspect of having a set time that seems to limit when I can, or want to go.
- nicolas_t 5y agoWhich hobbies did you monetize? I'm curious. I'm guessing EspoTek Labrador is one of them (which I'll be sure to remember when I get back into electronics)
- mooreds 5y ago> the whole adage about "do what you love and you'll never work another day in your life" doesn't apply to running a small business. Is that because when you turn a hobby into a business there are lots of non-hobby tasks and requirements? Like sales, marketing, etc, etc? Or because of the pressure of delivering the result? Or for some other reason?
- AussieWog93 5y ago>Or because of the pressure of delivering the result? It's mainly this. It's not a hobby when the customer needs their product delivered by Thursday, not is it a hobby where you need to maintain a certain output to pay the bills. Sales and marketing are just a thing that you get used to.
- earth_walker 5y agoMost hobbies doesn't have sales, marketing, taxes, regulatory mandated recordkeeping, deadlines, people yelling at you, or "regular business hours". Businesses have most if not all of these.
- WJW 5y agoHobbies are almost by definition not mandatory activities. Earning money to eat and pay the mortgage is not really optional. Making the hobby activity mandatory will make it feel a lot more like work and a lot less like a "fun" activity. It might not be as bad as working in an Amazon warehouse, but it'll be a job all the same. Worst case, if you get burned out on the new job you will not only no longer have a job but also won't enjoy your hobby anymore.
- egypturnash 5y agoMy experience as someone who loves drawing and does often delightedly remind herself that her day job is sitting around a park drawing shit: basically, yes, all of these reasons apply. I'm good at drawing, not at selling myself; my work sells itself to a certain degree but that only gets you so far. Not everything I'm paid to draw is a thing I love to draw, either. And sometimes even a thing I love to draw becomes less fun when it has to meet someone else's approval; going back and forth with a client is a very different feeling than "I start drawing and I fix things I don't like until I'm happy with the piece". Deadlines suck and I mostly arrange my work so as not to have any. Yes, this is a luxury. It probably means less money but I make enough to get by.