Many millennials are turning their hobbies into careers. With the rise of the internet and social media, it’s easier to monetize your passion.
Whether it’s starting a blog about your favorite topic, becoming a YouTube personality, or selling handmade goods online, there are endless opportunities for those with an entrepreneurial spirit. And, best of all, you can often do it from the comfort of your own home.
Of course, not every hobby can be easily turned into a money-making venture. But for those with the drive and creativity, turning a hobby into a career is a real possibility. One potential market that’s becoming an attractive venture is modern art.
If you’re a modern artist and are still on a fence about whether you should make money from your work, here are some reasons that might convince you.
Turn your hobby into a career
As stated earlier, many millennials are making their hobbies their career, and you should too. But what does turning your hobby into a career mean?
It means taking your passion and monetizing it so that it supports you financially and becomes your primary source of income. It’s no longer just a fun thing you do in your free time—it’s how you make a living.
For some people, this might sound like a daunting task. But it doesn’t have to be. With the right mindset and hard work, you can turn your hobby into a successful career.
It can be a great source of income
Hobbies can be a great source of income, and recent developments have shown that. For example, a 1998 rare Pokemon card recently sold for $900,000, making it one of the most expensive collectible items sold. People are now even earning thousands of dollars from authentically autographed movie posters. This is just from collectibles, which is already a niche market. Imagine how much you can make from something always sought out, like art.
Artists make a lot of money when they do it right. For instance, Jeff Koons is one of the world’s most successful artists, and he’s made millions from his work.
In 2018, Koons’ sculpture “Rabbit” sold for $91 million, setting the record for most expensive work by a living artist at auction. This shows that if you’re good at what you do, people will be willing to pay top dollar for your work.
It’s a great alternative asset
More and more people are now investing in alternative assets due to the pandemic. Alternative assets are non-traditional investments that have the potential to generate high returns. They’re also less volatile than stocks and bonds, which makes them a more attractive investment option in uncertain times.
Art is one of the most popular alternative assets because it has the potential to appreciate in value over time. For example, a painting by Pablo Picasso sold for $95.2 million in 2015, which is more than double the $47.9 million it sold for in 2010.
Making art right now can be a profitable venture just from this idea alone. There are a lot of people willing to bankroll your start because art and other hobbies will always be a constant in the market, and investors have seen great value in that.
It’s fun and rewarding
One important reason to turn your hobby into a career is that it’s fun and rewarding. If you’re not passionate about what you do, it’s going to be very difficult to stick with it in the long run. So working in an office for the rest of your life might not be the best way to go.
But if you love what you do and you have a true passion for it, turning your hobby into a career is a no-brainer. It might not be easy, but it will be worth it in the end.
Learn new skills
When you turn your hobby into a career, you’ll also have the opportunity to learn new skills. For example, if you’re a photographer, you can learn how to use Photoshop and other editing software to make your photos look even better.
This is just one example, but there are endless possibilities when it comes to learning new skills. The more skills you have, the more marketable you become, and the more opportunities you’ll have to make money from your hobby.
When you’re just starting out, it can be difficult to get your work noticed. But if you turn your hobby into a career, you’ll have a much better chance of getting exposure for your work.
This is because when you’re a professional, people are more likely to take you seriously and give you the opportunity to showcase your work. So if you’re an artist, for example, you might have a better chance of getting your work exhibited in a gallery.
So these are some of the reasons why you should turn your hobby into a career. If you’re not convinced yet, maybe this will change your mind. There are a lot of advantages to turning your hobby into a career, and you might be surprised at how profitable it can be. So if you’re passionate about something, don’t hesitate to turn it into a career. You never know where it might take you.