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Copyright © 2012 All rights reserved - 2 - “Make Money from Your Hobby” by Wendy Allthorp Page 3 of 44

Contents

Please Read This First........................................................................................2

Terms of Use...........................................................................................................................2

Disclaimer................................................................................................................................2

Contents ..............................................................................................................3

About the Author ................................................................................................5

Introduction.........................................................................................................6

Your Goal.............................................................................................................8

Where are You Now?..........................................................................................9

What will the Change Cost You?.....................................................................10

Why? ..................................................................................................................12

Fallback Position ..............................................................................................13

Self Examination...............................................................................................14

Qualities.....................................................................................................................................14

Focused.................................................................................................................................14

Action.....................................................................................................................................15

Flexible ..................................................................................................................................15

Thorough...............................................................................................................................16

The Profit Margin is Not the Whole Story .......................................................17

Are Your Products or Services Competitive? ................................................19

Checking Your Progress ..................................................................................20

Is it a Hobby or a Business?............................................................................21

Planning.............................................................................................................23

Do Your Research.............................................................................................25

Is There a Market? ....................................................................................................................25

Forums...................................................................................................................................26

How to Make it Pay ...........................................................................................27

Copyright © 2012 All rights reserved - 3 - “Make Money from Your Hobby” by Wendy Allthorp Page 4 of 44

Selling what You Produce................................................................................28

Selling Supplies ................................................................................................29

Other Income Possibilities...............................................................................30

Teach It ......................................................................................................................................30

Going from Hobby to Business .......................................................................32

Your Team.........................................................................................................33

Accountant ................................................................................................................................33

Lawyer .......................................................................................................................................34

Quick Tips..........................................................................................................35

Keeping Records ......................................................................................................................35

Type of Business......................................................................................................................35

Business Tips....................................................................................................36

Give Every Order and Every Customer Your Best!...............................................................36

Don’t be an Explorer.................................................................................................................36

Friends in Business..................................................................................................................37

Building Your Business ...................................................................................39

Opportunities ........................................................................................................................39

Tips for Specific Hobbies.................................................................................40

Writing .......................................................................................................................................40

Crafts .........................................................................................................................................41

Collections ............................................................................................................................41

Wendy’s Final Words........................................................................................43

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About the Author

Wendy Allthorp started writing stories as a hobby because it was a contrast

to her daily work in an office.

Wendy found the writing had a special appeal for her because of the mental

stimulation it required.

After a while, she started to sell stories and articles. Like many other people,

she wondered if she could turn her passion for writing into a part or even

full-time income.

“I found that there was very strong competition for a shrinking number of

opportunities to sell my fiction. There were more openings for articles though

many offered pay which was also pretty low for the amount of work and time

involved.”

“But, I enjoy writing and persisted until I was selling enough to give me a

handy income. The writing gave me the freedom to travel for business and

pleasure, which I didn’t have when my office job was my only source of

income.”

“When my job was cut, I was ready and able to do more writing. That gave

me a cushion to help me get through the period until I could find another job

or get my writing income up to where it was enough to support me.”

Wendy wrote her book to help anyone that is looking for a source of extra

income to help with everyday expenses or to perhaps build to a replacement

for a job which is insecure or stressful.

Wendy said, “The job situation is not likely to improve greatly in the future,

with increased competition from younger, better-trained people coming into

the work-force and competition from around the world through the Internet.”

“Almost anyone might learn from my book how they also might use their

hobby as the basis for a new income stream. My book will make their road

easier and chances of success more likely because the ideas I share are

based on real life and will save them time and stress.”

Copyright © 2012 All rights reserved - 5 - “Make Money from Your Hobby” by Wendy Allthorp Page 6 of 44

Introduction

A hobby is the work you pay to do.

This book will help you to find ways to make it pay you instead.

Many people can successfully make their hobby the basis of a profitable

business, while almost everyone can find ways to get enough income from

their hobby to cover all or part of their present costs and often with some

extra to assist with household expenses or whatever.

I have tried to give you enough information to be able to proceed from

planning your venture right through to where you are getting some money.

But, there is no guarantee that you will make any money at all. The results

you get will depend on your own efforts and many external factors which

cannot be reliably predicted.

If you choose a hobby just for its money-

making potential, it isn't a hobby but

another type of job. There's nothing

wrong with doing that.

But, choosing something which you

really enjoy doing can help you to cope

better and less stressfully with the

problems which will inevitably rise up in

your path as you go forward.

Some people let their mind focus only on

what they have already been doing with

their hobby. That limits their options too much. You should do some research

and look at ALL the possible ways to use your knowledge or skill. Some, of

course, may be beyond your current level of skill at this point but you might

do focus your efforts on options which will lead to that desired option later on

when you have developed your skills further.

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When should you start? I believe your best option is to start developing your

extra income stream today. It’s much easier to do it when you are not under

pressure from a crisis.

Your preparation and your results are both likely to be much better because

you have more control when your options are not restricted.

Copyright © 2012 All rights reserved - 7 - “Make Money from Your Hobby” by Wendy Allthorp Page 8 of 44

Your Goal

You probably feel that you have your goal, your reason for undertaking this

extra effort, clear in your mind. But, it is my experience that many new

entrepreneurs don’t have a vision which is strong enough to sustain them

when they fully launch their venture on “until they achieve any level of

success.”

You need to have your goals (more

than one!) so clear in your mind that

you see every detail. A desire to “be

more successful”, “make more

money” or “become famous” is too

vague to be any help at all.

Instead of “make more money”, you

need a figure and a completion date

as well as a plan which crystallizes

every detail of how you will achieve

that goal.

For any major goal, such as “paying off your home” or “buying a new car”,

you should draw up a timeline on paper or as a computer file, and insert into

that timeline some mini-goals at specified points.

These smaller targets will help you to keep applying yourself and tell you


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