The best way to be responsible with your money is to make more cash. With extra resources to lean on, you can enjoy yourself and save for the future without worrying about how you’ll take care of yourself in your golden years.
Of course, this means thinking of better ways to enhance your earning power, most of which focus on a job or a career. Considering the majority of Brits rely on their employers and still aren’t in a healthy position after-tax and forty-hour weeks, it’s time to think outside of the box.
You want something fun that motivates you and gets your creative juices flowing. Thankfully, you already have that in abundance with your hobbies. Here’s how to make money from your pastimes.
Some competitions are too challenging for you to enter and make an immediate impact. Gaming, however, is different as most people have experience in the field, even if you haven’t played for a while. Plus, it’s not as if you have anything to lose. You can enter a competition with a prize fund and give it your best shot, and if you don’t win, at least it’s a good way to spend a couple of hours during the Coronavirus pandemic!
The great thing about any hobby is that you can invest your money and increase your earning potential. Football-fanatics, for instance, can buy shares in players. When they play well, your initial investment grows until you decide to opt-out. You don’t have to play the stock market, either, as you can buy everything from F1 artwork to signed photos of sports stars. Memorabilia should maintain its value, which means you’ll break even, but it can rise in value if the person comes back into the public eye.
Boost Your Social Media Platforms
Whether you agree with it or not, there’s no denying that today’s culture is social media-heavy. As a result, it’s easy to make a career as an online influencer as long as your platforms are big enough. With thousands of followers, you can position yourself as a thought leader in your chosen field, and because you’ve got the ear of the public, sponsors will take notice. If you get nitreo, you can build an organic follower base to put you in a good position. Once you do, you can charge advertising fees for space on your website or sponsored posts on Twitter, Facebook, and Instagram. There’s a reason the industry is forecast to hit $8 billion this year.
Companies are constantly looking for ways to steal a march on their rivals. A tried and tested method is to obtain customer insights to tweak their offerings. Because of this, you can do everything from gaming to shopping and leave a review of your experience. While surveys won’t help you build a fortune, they will pay for the things that you love to do. For example, secret shoppers are reimbursed for their transactions and opinions. The likes of Yelp and Trustpilot are always paying for reviews FYI.
Who needs a job? Not you if you’ve got hobbies that pay!