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How to Turn a Hobby Into a Moneymaking Business

*Catherine Alford is compensated by OneMain.

Lots of us have hobbies that we’re passionate about, but did you ever wonder if your hobby could turn into more? Catherine Alford turned her own blog about personal finances into a thriving business as a financial expert. Here are some of her ideas for how you too could turn your hobby into a moneymaking business.

See video transcript...


Hey, I'm Catherine Alford and I'm a family-finance expert.

I spend my days helping people gain confidence with money, save more, and live their best lives.

If you're interested in turning a hobby into a moneymaking business, here are some of my top tips:

One.

Learn as much as you can about your business. Many new business owners spend a lot of time and money on expensive courses, consultants, and things they don't need. Instead, do as much as you can on your own before you decide what to outsource or buy.

Two.

Hustle like you mean it! In the beginning, no one is going to come knocking on your door asking to buy your products or your services. Instead, you will have to go out and find your clients and customers day in and day out. Don't get discouraged, this is part of the journey.

Three.

Build a strong network. You can't do business in a vacuum. Do all you can to network, meet other business owners and learn from those who have found success.

Four.

Don't give up! Owning a successful business is worth the time and energy it takes to build one.



The information in this article is provided for general education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness or fitness for any particular purpose. It is not intended to be and does not constitute financial, legal or any other advice specific to you the user or anyone else. The companies and individuals (other than OneMain Financial’s sponsored partners) referred to in this message are not sponsors of, do not endorse, and are not otherwise affiliated with OneMain Financial.