Newspaper article The Observer (Gladstone, Australia)

Making Your Hobby Profitable

Newspaper article The Observer (Gladstone, Australia)

Making Your Hobby Profitable

Article excerpt

DO YOU need a killer idea to start your own business?

For many of the record numbers starting in self-employment, the answer is no; they've simply worked out how to turn a profit from something they were doing already -- and often something they love doing.

If you could make a living from your hobby, why wouldn't you make the leap?

Research by the payments company Visa suggests that's exactly what many are now working towards -- 9% of adults now make money from a hobby, Visa claims, producing an $14.6b windfall for the economy.

These hobbyist business founders are cashing in on their love of everything from photography to jewellery-making and from sport to baking.

And while they may not be pursuing these enterprises on a full-time basis, they are making decent incomes from their pursuits.

The typical hobbyist businessperson in the design sector, for example, is making more than $6761 a year from doing something they would have been doing anyway, according to Visa's research. …

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