What is a lucrative hobby? Doing something that makes money but not making a full-scale business. That means you do it on the side when you can and get some coins from it. I don’t follow the rules, I don’t have a business that I run daily, and I do things when I want and when I feel like it. Having a lucrative hobby is ok to have.
I am a steady paycheck type of gal. I need to have a steady income coming in even if it’s part-time. I have been poor and I know that businesses can be up and down. I want to always be up as much as I can and a steady paycheck comes in handy on those down moments. Now if my business was making 6 figures then maybe I can forgo a steady paycheck but that is the only reason that I would give one up.
Not everyone can be or should be a full-scale entrepreneur. Gary V. once said if you work a 9 to 5 you don’t own a business you have a hobby. I wouldn’t go that far and say that because I know many people who have both but I will say it is hard to do if you don’t have a team or a support system. It’s damn near impossible.
You do not have to turn your hobby into a big business. Get some coins or not it’s up to you. I don’t ever want to lose my love of photography and for me having a lucrative hobby keeps me loving photography and getting money at the same time.
The Comments
Shantel
Listen, you have given me a definition of what I do. A lot of folks call it being flaky when you do something and stop and choose not to do it fulltime!
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