10 hobbies that can become a business

If I had a fiver every time someone said “it’s only a little hobby” I’d be a rich investor on Dragons Den!

20120608-090228.jpgHobbies are often a goldmine that people just cast to the side as something they do for themselves, or help friends an relatives out with and that’s it. But if you’re looking for a way to make some extra money, why not earn it doing something you love doing?

Here are 10 hobbies that you can turn into a business or use to make extra money:

1. Organising –
call it obsessive compulsive if you like and laugh off your organising skills, but use them wisely and you could be laughing all the way to the bank!

Don’t take your skills for granted – people will pay (a lot) to have someone come into their homes and businesses and organise things for them – wardrobes, filing you name it!

Are you making money online, but not letting the taxman know? You have until 14th June to let them know before they find YOU!

Are you making money online, but not letting the taxman know? You have until 14th June to let them know before they find YOU!

Making money online is a perfect way for many mums to get around issues with childcare and earning a crust. And it’s a great way to earn extra money if you already work for someone else. But, it doesn’t mean you can get out of paying tax.

online traders pay taxIf you sell things online – eBay, Amazon, Etsy among others – or run your own online store where you’re not just getting rid of old possessions, you need to get in touch with the tax office (or HMRC).

Real mum profile: Anna Wreford, Big Bird Boutique

?Running a hobby/craft-based business sounds like fun, the cost of supplies or ingredients leaves you laughing all the way to the bank…right?

Anna Wreford
But is it really that easy – married mum Anna Wreford, 33, talks about running Big Bird Boutique and and how she makes sure she doesn’t get left out of pocket – even when doing favours for her friends.

What work did you do before you set up your company?
I was the design director at a furniture consultancy company that specialised in the education sector.

?How did you fund the business?
I’m funding the business with my personal savings, and using my hoard of fabrics I have been collecting for years.