Turn Your DIY Passion Into Profit: 5 Simple Strategies
If you like creating, fixing, or building things, why not make some extra money off your passions? Here’s a few easy ways to cash in on your love for DIY.
1. Be Your Own Boss with a Contractor Business
Ever think about starting your own business? By becoming a contractor, you can choose your rates and projects. Although general contracting is an option, specializing in a niche, like painting or kitchen renovations, might get more customers. Just make sure to get any necessary licenses, have insurance, and create an online presence for credibility.
2. Cash In on Your Crafts
Are you into woodworking, knitting, jewelry-making, or pottery? Starting a crafts business might be a wonderful idea. Just set up an Etsy account and you’re ready to sell to customers worldwide. But be careful, the craft market is competitive, so try to carve out a unique style or niche of your own.
3. Flip Properties
Here’s a strategy for the home DIYers: property flipping. Buy a property at a bargain, add improvements like a new roof or bathroom, then sell it for more. With careful planning and a knack for DIY, you can earn a pretty penny flipping houses. Do note, though, that you’ll need sufficient funds to cover the initial property purchase and its renovation, but savings from DIY improvements can offset some costs.
4. Convert and Rent Out Spaces
Another way to profit from property is by converting or creating rental spaces. Turning an unused loft or garage into lodging can generate extra income, or if you have vast land, why not build new properties for sale? It’s an excellent opportunity to use your DIY skills, although you may need some help for larger projects.
5. Create a DIY Blog or Vlog
Earn money by sharing your expertise and love for DIY through writing a blog or making video tutorials. Many people are hungry to learn new DIY skills, and if your blog or vlog gains popularity, you can earn from ad revenues or sponsorships like tool reviews.
By sharing your DIY passion, these strategies can help turn a hobby into a rewarding way of earning extra income.