Not all projects are good for this, but many of them are. After all, if you’re already passionate about something you probably do it well and want to share your enjoyment of it with others. Michelle Dakota Beck, a writer for jobble.com, shares with us on how we can achieve just that. Here are the kinds of things you need to consider if you want to turn your passion project into a quality side hustle.
Identify the Time Commitment and Income Potential
How much time your passion project takes, whether you have startup costs or materials, and what kind of space you need for it all matter. If you turn it into a side hustle, you’ll need to figure out its income potential and take a look at whether you’ll be able to expand it as you increase your client base.
If you don’t have the time, money, or space for your project to grow, it might not be the right option for a hustle that’s designed to make money. You could make some changes that give you more space, or even raise money to get started with your side hustle, but making sure you’re prepared is important.
Identify Your Specific Side Hustle Goals
It’s vital to know what your goals really are with your hustle. Do you only want to monetize it, or do you want something else from your side hustle? Are you focusing on an earning goal or a minimum amount you want to make? Are you planning to change the world or your community in some way? Some passion projects develop into income producers, while others are more focused on helping or providing for people who need assistance. By knowing what you’re trying to do, you can focus on how to turn your passion project into a hustle that works for your goals.
Make Sure You Let Your Network Know
After you’ve gotten your side hustle ready to go, you need to spread the word. If people don’t know what you’re offering, you’re going to struggle to build a client base. But networking is a great way to get people interested in your new project. Start out with the people you know. Ask them to share your information with the people they know, as well. Not only will you start getting clients, but you’ll also get honest and helpful feedback from people you can trust. It also lets you make any needed changes before a lot of people know about your side hustle offerings.
Making the jump from a passion project to a side hustle may be a little scary, but with proper planning it doesn’t have to be. Take the time to figure out what you’re really offering and how you’re going to provide value for your clients. Then accept honest feedback from the people you trust. You should also network to get your name and information out to a potential customer base. Before long, you could be bringing in money from something you really enjoy.