Whether you’re saving for an exotic vacation or to buy your first house, you’re not alone in keeping a tight rein on your finances. More people are scaling back today than they did five years ago, and frankly, some just aren’t able to have as much fun because of their penny pinching. If this sounds like you, hopefully you’re filling up your new-found free time with an inexpensive hobby that you’re passionate about, but never had a spare moment for before. And now it’s time to start turning that hobby into a money-making machine.
Ok, money-making machine might be a stretch. But many hobbies really can pay off if you’re good at them — and know how to market yourself. There are so many fun ways to earn some extra cash, and we’ve compiled 10 of the most lucrative. Still not sure how your new-found love of knitting can make you cash? Keep reading.
Who doesn’t like to shop? Online, at the mall and even in airport gift shops, shopping is just downright thrilling wherever the location and whatever the purchase. But whoever thought shopping could be considered a hobby, especially because if you’re good at it, it requires inordinately large amounts of cash? If you’ve maxed out one too many credit cards, maybe it’s time to start spending someone else’s money. Personal shopping is a great source for extra cash, because clients pay you to do their shopping. Duties could include finding a client that perfect dress for a fancy gala, or simply picking up medicine from the pharmacy or groceries from the supermarket. Print up business cards to hand out every time someone compliments your outfit, or offer your services to busy moms or senior citizens in your neighborhood. A part-time or beginner personal shopper might charge anywhere from R500 to R2,000 an hour, or 10 to 15 percent of the total purchase [source: PayScale.com]. However you bill your customers, you’re certain to make enough to indulge in a few purchases of your own.
“Shooting weddings can be a fun way to make some extra cash as a photographer”
Photography is a great way to make some extra cash doing something you love. You could try selling pieces at local arts fairs or even to local boutiques if you have sellable artwork. If you’re short on the cash to front the cost of printing and framing, you could always sell your work online. Be sure to brush up on copyrights to make sure you’re not giving your hard work away. Another lucrative way to use photography is as a freelance wedding or portrait photographer. Although the upfront equipment and marketing costs might be higher, the payoff can be more for this type of work. For example, with a great portfolio and marketing strategy, you could charge an average of $2,700 or more for a wedding, depending on the package you offer.
Baking is a talent and a science many people envy. If you’re lucky enough to have the skills to excel at — and even enjoy — baking, you might want to take advantage and make some money at it. The majority of people who can’t cook are usually willing to pay big bucks for bakers to provide their services. Start out by offering your baked goods at small art fairs or nonprofit events for free, and pass out your business card and ask for recommendations. If you’re lucky, you might catch the attention of a local writer covering the event. Selling your baked goods as a catering service at events does require licensing and insurance, as well as a good bit of research. But there are easier options: Sell your goods on the weekends at local farmers’ markets. As long as you’re selling baked goods that don’t spoil (like cream pies, etc.) you don’t need a license to sell at most farmers’ markets, although some do require you meet their standards and guidelines to be accepted [source: mt.gov]. If you stick to one or two items and do them well — breads and muffins, for example — invest in a creative logo and packaging, and set up a plate of samples, your products should sell themselves.
Writing and Editing
If writing is your passion, there are several ways you can use this skill to make money. First, you can throw your hat in the ring as a freelance writer. Web sites, magazines and newspapers pay freelance writers for articles, and compensate either with a flat rate or by the word, although a flat rate is most common. Some Web sites also pay based on page views or advertising clicks. Another way to use your writing online is to start a blog, where you can earn money by selling ads on your site. If you’re a great marketer, you can keep earning money from your advertisements long after your initial effort to write the article or blog. If this kind of writing isn’t for you, try selling your skills to various businesses and corporations. It’s common for them to outsource proposals, brochures, and even speech writing to contract or freelance writers. Set up interviews with local businesses and take writing samples with you. You may even consider marketing your skills to local graphic designers, who can recommend you to their current clients.
“I would pay someone to just come in here and get me organized!” Who hasn’t muttered these exact words while searching for a receipt to complete their taxes or while standing in their closet trying to select an outfit for the day? If you’re good at and enjoy organizing things, you’re one lucky duck. So share your talent with the rest of us hopelessly unorganized souls — for a small fee, of course. Put up ads on community boards, offer your services to friends of friends and have business cards made that you can hand out. You can also market your skills to local real estate agents as an unpacking and organization resource to new homeowners. And ask your clients to recommend you to their friends — word of mouth marketing is free and can be lucrative, especially if your work speaks for itself.
World’s No.1 Thinker in Human Capital To Visit South Africa in October
Professor Dave Ulrich, the world’s pioneering and most sought after researcher, academic and business advisor in the field of human resources, human capital and leadership, will be back in South Africa in October 2016.
Nearly 20 years after he wrote his seminal book, Human Resource Champions, and on the back of his latest global research on HR Capability, Prof. Ulrich will present live in South Africa, giving event participants a unique opportunity to stay ahead of the HR game, and bring HR professionals, generalists and practitioners up to speed with the latest trends and insights impacting business. He will share his latest research on Building HR Capability, the Real Cost of Human Capital and his HR Outside-In model that has been tested and used successfully by organisations around the globe.
“Dave Ulrich is arguably the global guru of HR, commanding audiences around the world”, says Nicola Tyler, CEO of Business Results Group and co-host of Ulrich’s visit, together with the Gordon Institute of Business Science (GIBS). “If the cost of human capital is on your strategic agenda, then this one-day event – presented in both Johannesburg and Cape Town – is a superb opportunity to expose your Business Executives, Leadership Teams, HR Professionals and Strategists to the latest trends, models and insights impacting people performance.”
Commenting on his previous visit, Cathy Albertyn, Group HR Director, Coca Cola Sabco says “Personally, it has been the most beneficial one-day seminar that I have ever attended. We all have the workbook permanently on our desk as a reference manual”.
Positive sentiments are echoed by Charmaine Boshoff, OD & Talent Manager, TSB Sugar who says “Excellent, wonderfully insightful and worth every cent spent. Pragmatic, business focussed HR Solutions”.
Dates and venues 18 October 2016 | 8.30am – 5.00pm | Table Bay Hotel, V&A Waterfront, Cape Town 19 October 2016 | 8.30am – 5.00pm | Gallagher Estate, Midrand, Johannesburg
For More Information http://www.brg.co.za/dave-ulrich-live-in-sa/ email@example.com 0861 247328
Prof Ulrich’s visit is hosted by Business Results Group & the Gordon Institute of Business Science and in collaboration with HR Future.
About Prof Dave Ulrich
Prof Dave Ulrich is Rensis Likert Professor of Business University of Michigan. He is an author, speaker, management coach and management consultant. Ranked as the #1 management guru by Business Week, profiled by Fast Company as one of the world’s top 10 creative people in business, a top 5 coach in Forbes, and recognized on Thinkers50 as one of the world’s leading business thinkers, Ulrich has a passion for ideas with impact. In his writing, teaching, and consulting, he continually seeks new ideas that tackle some of the world’s thorniest and longest standing challenges. His bestselling books and popular speeches shape the corporate agenda. Ulrich has written 30 books and over 200 articles
#EmpowermentSession – with Amanda Kandawire
Metros Magazine Empowerment week has been such a phenomenonal one as emails keep rolling in of nominations of Mzansi trendsetters who are making an impact in their different spaces.
As we celebrate youth month, the country celebrates the born free and the youths who have made a noticeable impact in their different sphere, evolving leaders and pioneers from all metropolis in the country.
On the first ever #EmpowermentWeek we meet the gorgeous, ever happy and great achiever, who loves baking and still get the wings off fine.
Meet Amanda Nyamkunka Kandawire
AGE – 25 YEARS OLD
INDUSTRY : AVIATION
PROFESSION : CRJ FIRST OFFICER (PILOT)
HOBBY : BAKING, PHOTOGRAPHY
RECOGNITION : MOST INFLUENTIAL WOMEN IN AVIATION
METRO : GAUTENG
In the interview slot with Amanda, it was easy to understand why many people from her metropolis believe she is a rising star, her attitude to life, simplicity and a very detailed overview of life and profession makes it really obvious.
Amanda is a 25 year old female pilot that is exceptional in her field, a very influential member of her metropolis and an extra ordinare. She was also recognised by CO Magazine as * MOST INFLUENTIAL WOMEN IN AVIATION* for her involvement with South African Women in Aviation as a Volunteer.
One common factor that made Amanda stand out, is her passion for her profession * we can easily say she makes flying fun and easy*. It’s a common topic amongst most young professional who struggle to enjoy their profession and stay motivated at work, but Amanda is a different story, she loves her job and not only that, her profession has motivated several young females to look into the aviation industry.
Just like Asnath Mahape who was SAA’s first black female pilot trainee in South Africa’s aviation history, been a female has been less associated with some profession, and such is also common in the Aviation Industry. Amanda is no different, but with the growing number of female pilot, it has become easy to accept that females are as equally capable to fly a plane as a male.
Her love for her profession was ignited after her first trip to the eastern cape in an airplane when she was young and ever since then she has never stopped loving to fly.
Amanda is surely an iconic metropolitan and with all her love for her job, she still finds time to bake at Sugar and Wings with proceeds donated to poor uneducated children in poor metropolis.
Dealing With Gambling Addiction
I was there in 2011, and witnessed a colleague of mine evicted from his home, lost custody of his children and had to deal with the pain of divorce. It was not ill luck, it was the result of bad choices and wrong association. I still see many who think they know how to change the tides and make a big catch over night. I have not said, taking planned risks occasionally is bad, but unplanned and unconstructed investment is as bad as addictive gambling. It might be online, at a casino, a national lottery campaign or just a sports stake.
I have watched a relative, play lotto since 2011 and till date has not won more than R300 , so i sat him down and we did some maths, here is the maths : He plays with R20 , twice a week,
[Year 2011] There were 52 wednesdays / 53 Saturdays – R2100 Total spent
[Year 2012] There were 52 wednesdays / 52 Saturdays – R2080 Total spent
[Year 2013] There were 52 wednesdays / 52 Saturdays – R2080 Total spent
[Year 2012] There were 53 wednesdays / 52 Saturdays – R2100 Total spent
Total spent on lotto from 2011 – 2014 – R8360 [ equivalent investment and interest bearing accounts could have yielded some profit or accrual interest]
In order to curb this habit, I have touched on some points, However, you need to Recognize the signs of your addiction and learn to modify your behavior – few addictions are as destructive, over the long term as gambling. The financial chaos that you create now, can and will follow you for many years unless you get a handle on it.
1. Recognize your behavior as what it is. An Addiction.
Do you lose time from work to gamble? Do you extend yourself beyond your means by gambling away money that you have set aside to pay your rent, mortgage, or other bills? Do you use credit cards to gamble? Are you secretive about where the money’s gone to after you’ve gambled? Can a loss trigger a period of depression that leads to another gambling session, thinking that you can recoup the money you’ve lost and, therefore, get happy again? Admitting the problem is the first major step in dealing with it.
2. Don’t put yourself in a position to gamble, even if it’s only “for the fun of it”.
If friends suggest a trip to the casino, be honest with yourself and with others about the fact that, for you, gambling has gone beyond being recreational. Suggest another activity or opt out of this particular one. A gambling addict can not gamble sensibly because the addict is hooked on the adrenaline rush associated with “the chase”. You cannot be in control if you’re more concerned with the feeling you get from an activity than the activity itself.
3. Don’t be secretive about your finances. Pay bills immediately, when you have funds set aside to pay them.
You may see using this money as less destructive than charging your gambling debts but if you then have to borrow money to pay your bills, isn’t it the same in the long run? Be honest with yourself about money spent gambling. Add up losses and keep a running tally. When you’ve added up losses from a gambling session, list the things that you might have purchased with that money, or other debts you could have paid down.
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