Before I get stuck into this post I want to mention one thing – Turning a passion into a business is not the only way to start a business. I have had many businesses that were not based on a passion and still had great success. So please don’t take this the wrong way – I’m not saying profiting from a passion is the only way… I’m saying it is just one way.
Okay now that’s out of the way….
I’m sure you hear people talking about this all the time – turn your passion into a profit. But the thing most of these people forget to tell you is actually how to do it!
If you are new to entrepreneurship then a business plan isn’t going to come to you out of thin air!
And it sounds like a fabulous way of making money, doing something you love, but HOW???
So, I am actually going to give you example business ideas for a few popular passions to get the ball rolling. From there I am sure you can come up with a fabulous idea for your ‘Passion to Profit’ venture 😀
“I love helping people”
You are the type of person that everyone goes to when they have a problem. You always have the right words to say, and are able to connect with people on a deep level. You get a feeling of pride when someone walks away from a conversation and it leaves you a happier and lighter person.
How do you turn an inspiring and motivating conversation into a business? Easy!
Yes, there are like a billion coaches online today BUT there is a reason (or two) why so many people get into this field…
1: It feels freaking amazing to be able to help people, to even potentially change their life!
2: We live in a very stressful world and this often causes us to break down in some area (or multiple areas) of our life. We are happy to pay good money to someone who can help us get our shit together.
When we hear the word ‘coach’ we often associate it with life coaching, but there are SOOOOO many other forms of coaching out there. And if you want my advice, it’s better to have a small niche within the coaching field rather than trying to cover it all under the “life coach” umbrella.
You could be a…
- Fitness coach
- Mindset coach
- Nutrition coach
- Career coach
- Business coach (But I would narrow it down a little to say “branding coach” or “startup coach”)
- Relationship coach
- Confidence coach
- Success coach
- Financial coach
- Spiritual coach
- Empowerment coach
Honestly, I could keep going and give you 100 examples!
So, if you love helping people and you can connect well with people, then perhaps an online coach of some sort is the business model for you!
“I love helping people but I don’t want to talk to people on the phone”
You wanna make the world a better place. You want to help people change their lives in some way. But you are too shy to jump on phone calls every day. Or maybe you just want to have a flexible schedule and not set your day around your call schedule.
This business model is my personal favorite because it allows for a lot of flexibility while still allowing you to help people – by the masses!
If you have been following me for a while you will know that I make a very good living from online courses, but it’s not just the money that’s awesome (but that is pretty freaking awesome!)… I get to help people on a massive scale!
My courses have literally changed the lives of hundreds of people, and let me tell you, it’s the best freaking feeling in the world!
The best thing about online courses is you can pretty much create a course on any topic out there! People have turned their hobbies into online courses. They have turned their old careers into online courses. They have created courses on topics they are most passionate about.
There are literally courses covering any topic that you can think of!
Here are a few more popular topics you can teach with an online course….
- Business / Entrepreneurship
- Personal development
- Arts / photography / Design
- Health & fitness
- Website / Apps / Software
- Book writing / publishing
Here are a few less common topics but topics that are still killing it….
- Mental health
- Beauty & makeup
- Pet care / animal behavior
- Home improvement
- Interior design
- Landscape gardening
- Real estate
- Scuba diving
- Brewing / wine
- Creative writing
- Communication skills
- Resume writing
Again, I could write at least 100 more course topics but I think you get my point!
Whatever you have knowledge on, are passionate about, or are skilled in, you can turn it into an online course. I can guarantee, whether you realize it or not, you have a bunch of skills/talents/knowledge that people would pay good money for!
What I love about online courses vs coaching is that online courses allow a lot more flexibility (no phone call schedule!), you can help a lot more people (you can only fit a certain number of calls into a day), and we are living in a ‘self taught’ world now and people love the convenience of online courses.
See the PS at the bottom for details on how to get started!
“I want to make a passive income”
The passive income business model has become more and more popular over the last few years. And why not; making money in your sleep sounds pretty cool right?
So how does one turn a passion into a passive income? Well there are a few ways….
1: Affiliate sales. You can start a website/blog based on your passion and sell items related to the passion. For example – If you are passionate about backpacking the globe, you could start a travel blog and sell backpacking gear through an Amazon link.
2: Ebook sales. This isn’t passive to begin with (it takes time to write a book!), but once the book has been published it’s all passive income! You can self-publish or you can find an agent to publish it for you.
3: App development. This is another one that doesn’t start out to be passive, but once you have designed your app and it’s selling on iTunes it’s all cha-ching!
There are plenty of other ways to create a passive income, but these are the most popular. Keep in mind if you go down this path it takes a little while to build a passive income. So, you need to persevere and then it will pay off!
“I’m creative but I don’t want to work with people”
I hear ya! Maybe you are introverted or a shy person. Maybe you just like to be on your own; I get it. So how do you make money if you don’t want any clients?
Here are some online business models you can use to turn your passion into a business without having to deal with people on a regular basis….
- Landscape / travel / nature photographer
- Ecommerce craft store
- Jewelry maker
This is just a few ideas, and yes there are more ways to turn a passion into a profit when you don’t want to deal with people, but these ideas may be exactly what you’ve been looking for.
Of course, this is just the tip of the iceberg! There are literally hundreds of ways you can profit from a passion!
If you just think outside the box I bet you come up with a bunch of great ideas and then the hard thing will be choosing the idea to run with J
Your Chief Freedom Junkies
WAIT! READ ON…
Ready to get stuck into creating a money making, time saving, serving-the-masses online course?
Michael and I offer a group Online Course Mentorship Program that teaches you how to create, launch and run a highly profitable online course.
We even help you come up with the course topic if you are unsure of what type of course to create!
The Program is for 16 weeks and we keep the group very small (maximum of 10 people) so we have time to help each and every mentee.
This is not a course – this is a LIVE mentoring program, which means you learn directly from us (via video calls), not from a pre-recorded video.
We are now open for the next Mentorship Program intake. You can check out all the info right here: http://freedomjunkies.com/mentor-program-online-course/
Michael and I have not only helped hundreds of people through our numerous courses, but we have also created a multiple 6 figure income from those courses.
The joy we get when we receive an email or message from a student telling us we have helped changed their life is the best feeling in the world! And we are so grateful that we received those messages every single DAY!
And I want you to experience that feeling of helping people on a daily basis.
So if you are ready to start making serious cash without working more hours then be quick to join as most of the 10 spots have already need filled!