Sometimes the passions that we have seem unattainable. As life moves on and reality kicks in, many people give up on their passions, preferring to pursue them as hobbies rather than possible money making opportunities in the future. Here are a few ways you can turn your passion into a profitable business.
- Find the fault lines surrounding your passion.
Before it is critically analysed, your passion probably looks faultless, but the truth is when our dreams are put under a microscope, there are some things we may need to adjust them to reality. So before you actively pursue your passion, you need to have an objective and critical look on how you plan on pursuing it and what you are chasing and whether or not there are changes that can be made.
- Become an expert in your industry as well as all aspects of doing business
Once you start pursuing your passion seriously, you will need to know the ins and outs of business. This means that you will need to get practical and educate yourself on the knowledge surrounding all things business. This may mean taking courses, asking for advice from mentors and just immersing yourself fully in your industry to make your passions real.
- Balancing creativity and commercialism
When you pursue your passion for your own personal satisfaction, you can create it how you want, but once it becomes a public commodity, you will have to compromise on some aspects.
You have to ask yourself the following questions:
- how long does it take to make?
- what does it cost to produce?
- how much do I need to sell it for?
- how much will it cost to ship?
This may sound disheartening, especially if you have a specific vision in mind. But what you have in mind may not always be functional for your customers. Changing aspects of passion doesn’t necessarily mean you are selling out.
What passions would you like to turn into business? Comment below.