Can passion actually earn you a living? Is there a need to add anything to your passion? How do I convert passion to money?
These are questions frequently asked by folks who hope to pursue their passion.
This article will in brief, answer these questions and help you find out just the right thing to add to your passion to create a perfect mix that will earn you money.
Ready? Here we go.
To start with, your passion alone can never fetch you money. According to Forbes, Passion + Usefulness = Value and offcourse, money
flows in the direction of value. So, it’s not enough to have a passion, you need to add skills and value to the mix.For example, a raw passion for food would get you nowhere moneywise if you do not create a system that attracts customers. You need to attach value or usefulness to your food passion. Self development and acquisition of more skills would also be of help.
Income, cost are also important factors to consider. Your passion is just a hobby if you are not paid for it. You might cook because you just love to, but unless you are paid for it, all you are doing is just a hobby.
Furthermore, in chiseling your passion into a money making venture, you need to start with what you have. You might not necessarily need a bogus business plan or proposal, a simple workable one would do just fine.
If you are interested in photography, you can start with your phone camera (phone photography), instead of looking for the best NIKON camera in the market.
Do note, if you do not run your passion as a business, the only place you will run it into is the ground. Avoid excessive discounts, free services and all manners of pro bonos. If you need to do anything for free, make a habit of sending an invoice containing the actual cost of the goods and services to the recipients. This would help the person access your price system and would be an added advantage if such a person recommends you to another customer.
Lastly, action beats plan everytime. Avoid “the analysis paralysis”. Keep your plan simple, straightforward and workable.
Do not wait till tomorrow, plan now, act now.
#Culled from StreetzMBA