So, you have a weekend hobby that’s starting to earn a few bucks, right?
Something you adore doing so much that time just evaporates when you’re in the zone.
Maybe it’s crafting killer copy, designing sleek websites, or even brewing the most aromatic batches of coffee this side of the equator.
But whenever you dare to dream of making this passion your paycheck, a little voice in your head scoffs, “Sure, but you can’t pay rent with that!”
Before you toss your dreams aside, let’s talk.
In today’s issue of Profitable, we’re going to touch on this skepticism and discuss your potential path ahead.
And no, this isn’t your typical “quit your job and follow your dreams” spiel.
It’s dissecting the nuts and bolts of what’s required to make a side hustle into a main hustle.
So, let’s jump in.
The Reality Check
Before we get lost in daydreams, let’s ground ourselves.
Turning your hobby into your main income source isn’t about abandoning all reason at the altar of passion.
However, for some, quitting and following their dreams gives them an added incentive to “make it.”
Yet, for most, they need a safety net.
Whether it is a number in your bank account, the confidence to know they can achieve there dreams, or someone to help them along the way.
Let’s start with the numbers.
How much do I need to earn to replace your current income?
If it helps, break it down by sales, clients, or projects to get a clear target.
After that, consider what you have in the bank.
How many months of living expenses do you need to be comfortable taking the leap?
Be brutally honest with yourself about costs and time, as this is a biggie.
Too low and you lose confidence in your safety net. Too high, well, you may never launch.
This journey, this potential transformation, is as much a mental game as it is a physical one.
So, you need to get comfy with discomfort.
The list goes on.
And you have to accept your hobby isn’t just for kicks anymore; it’s your livelihood.
So, treat it with the seriousness of a business venture.
Because if you really want to make your dreams a reality, you have to be in it for the long haul.
Are you willing to make the sacrifice?
Your Future Business
It’s one thing to sell a few digital products or consult on the side, but scaling that into a full-time business requires a shift in mindset.
Well, you’re not just a creator or consultant anymore; you’re the CEO — even if it’s just you in your living room.
That means understanding marketing, sales, operations, and yes, even taxes.
Are you prepared to wear all these hats, or at least willing to learn how?
And that’s the key… “willing to learn.”
It’s not a one-stop shop.
You don’t simply learn a skill, and that’s it, you continually learn and grow with your business needs.
After all, the online business landscape is forever changing.
So, Are You Ready to Build Your Escape?
Now, if you’ve made it this far, then I am willing to guess I haven’t put you off.
So, let’s dive into the fun part…
Creating a runway for your business to take off.
Step 1: Audit Your Hobby
No, I’m not talking about traditional advice and evaluating your hobby’s market potential.
I’m talking about you and your passion for your potential business.
Does the thought of turning your side hustle into a full-blown business light a fire within you?
Or have you come to realize that it should stay as a weekend venture?
There’s no right or wrong, and only you can decide.
Step 2: Create Your Safety Net
We’ve touched on this already but decide what safety net you need to take the leap.
3 months of living expenses? 6 months? A year?
And what about your product or service. How much do you need to make before you quit your 9 to 5?
50% of your current income? 70%? Or even 100% plus?
Step 3: Get the Word Out
Now, we’re getting somewhere. You’ve taken the plunge, and the next step is to start building your tribe and testing your ideas.
And the best way to do that?
Utilize Twitter (X).
I could break down the process in detail, but that’s not the purpose of this newsletter.
Step 4: Find a Support System
Finally, no one achieves greatness in a vacuum.
You need a support system, whether that’s a mentor, a network of fellow entrepreneurs, or just a friend who believes in you unconditionally.
Don’t underestimate the power of a good pep talk or a shoulder to lean on when things get tough. Because they will.
So, reach out to someone today to get the ball rolling.
And if you can, find someone who’s already living their dream and learn from them.
Use Passion as Your Compass
Let passion, not fear, guide you.
Turning a hobby into a hustle — and then into a full-fledged business — is no walk in the park.
But then again, nobody gets into side hustles because they’re easy; they do it because they’re passionate.
And it’s that passion that will fuel your journey from side project to main income.
So, as you stand on the brink of this exciting transition, remember…
You’re not just transforming your hobby. You’re transforming your life.
Are you ready?
The Best Links:
- When to Make Your Side Hustle Your Main Hustle
- 5 Ways To Turn Your Side Hustle Into Your Real Hustle
- When Your Side Hustle Becomes Your Main Hustle [What To Know]
- How to go ALL IN on your side hustle…
Your Next Steps:
If this newsletter resonated with you, and you know someone else who’s standing at the crossroads, feel free to share this with them.
The more referrals we get, the more awesome content we can publish.
Thanks, and until next time,