Why Hobby doesn’t always makes you Money

I remember the days when I used to collect stamps. But later the post started declining. And the value of stamps started rising. And the amount of the time it required for the money making was huge. So I sold the stamps for nominal prices. And now realized that the delivery services are closing down. And stamps are hot again. It’s not easy to find the stamps again in the market. So you can see that there is always opportunity cost for the hobby. And you just have to find the right time for the opportunity cost. You have to find out which timing for your hobby can be right. You’d get much ahead with that sort of mindset. I have seen that this can work just fine for you in this case.

Time

Biggest issue with the hobby based money making is the time. You may have to find the value of the time and then decide what works for you and what does not. Because with time, your capacity and interest also goes down. And you may find that it is not easier to get back the time. You just lose it and then it just get you on the ageing. That is what makes the system troublesome for most of us. I think one has to understand time is one of the harder things that needs to be understood. And otherwise it would be harder to turn your hobby into the money making system.

Process

Every business goes through the process. If you want your hobby to be a business then it has to go through the same process. And it has to find it’s way in order to make it better. That is what many people have done so far. And they have successfully converted it into the business. I have seen that many times people need to learn this part. Many of us can’t get the process started. And this makes it a bit harder for us to setup the process. I have learned that you should first setup the process. And then see where you can make some decent money. That should clear your head about any doubts that you have about the hobby.

System

Your hobby needs to have some sort of system in order to make consistent money. Because without system nothing works. You just have to build on that system. You lacking system surely makes it harder for any hobby to get ahead as a business. So this is one reason i think not every system can turn any hobby into money making machine. You can see that system is what makes and breaks the hobby or any business for that matter. Having money makes it easier for the hobby to have some specific system. But with all the systems around it’s not easier for this to happen these days.

As you can see it is not going to be easy to setup the business around the hobby. And you have to struggle a bit in order to make money from your hobby as it is.

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