It’s great to be able to make money from doing what you love, and a lot of the time, it is hobbies that entrepreneurs decide they want to turn into full-blown businesses (or, at the very least, a stream of side income).
Maybe you already do something similar to this – in which case, you’re well on your way to making a bit of extra cash! Here are some other ideas for making money from hobbies.
1. Furniture Restoration or Furniture Building
You can create some truly unique pieces by taking old, run-down furniture and giving it new life, whether through a new coating or paint job, or a complete design overhaul. If restoration isn’t your thing, and instead you find that you’re quite a handy carpenter, you can also consider building your own furniture pieces from scratch and selling them as a side business. It’s a good idea when starting a business like this to take out reliable Professional Indemnity insurance, as supplied by Hiscox. This insurance covers you as a business if any consumer decides that your work is inadequate – which may sometimes happen, even if you try your best to ensure that your work is top quality. It’s all about protecting your income!
2. Car Restoration
If you’ve always enjoyed tinkering with cars, and you confidently know your way around an engine, car restoration is an enjoyable way to make some cash. You can have fun trawling car auctions for some classic models or find yourself a bargain by bagging what’s considered a heap of junk and turning it into something truly spectacular and worthy of selling on. Even if you only make a small profit, it’s still a profit – and the experience of restoring a car to its original beauty is priceless.
3. Antique Collecting
This one naturally needs a little antique know-how and requires a keen eye for finding valuable pieces hidden amongst what could be a lot of junk – but that’s all part of the fun, right? This may not exactly be a quick way to gain money, but over time the right antiques can grow in value, and if sold to the right buyer, could make you a significant amount above what you originally paid. It’s also an excuse to attend great auctions and antique shops and find some truly special pieces.
This is a good hobby that can be done from home, even if you decide to turn it into a full blown business. Working from home can help you keep on top of stock, especially if you have a storage space, allowing for safe collection. However, selling antiques does come with a professional style, which means that your business should reflect that, so if you do work from home then you might want to take a look into getting an exclusive registered office address in a prime location to keep your home secure and your business legitimate. You may want to look into how you can change registered office address at some point, if you need to move, but that can be done easily.
4. Gardening and Growing Your Own Produce
If you love the outdoors and have the adequate garden space to grow your own plants, flowers, vegetables, or even spices, then you have the opportunity to sell your own produce at local food markets, or perhaps to local shops. More and more people are realizing the importance of naturally grown and locally sourced ingredients, which means there will be a market for what you grow. There’s also an opportunity to develop your skills by learning more about different plants or different vegetables and tailoring it for the healthy-food market.
Otherwise, you can always offer your green-fingers to help people with their own gardening as part of a friendly service!