Top 4 Hobbies that You Can Turn Into Business Ideas

Do you want to run a business? One of the best solutions is to use what you like doing the most as a sounding board. Many entrepreneurs have turned their passions into a source of income, but what hobbies can you use as business ideas?

4 Hobbies for Business Ideas
Hobbies have always been an excellent source of business ideas. To get you started, here are some of the best types of business that you can run based on your passion:

Becoming a Vlogger
Do you enjoy recording your daily routine on Instagram, TikTok, or other social media? You can become a vlogger! Vloggers create entertaining or educational video blogs (vlogs) and upload them to social media.

For instance, you can create food review vlogs if you like traveling for food. To turn this hobby into a source of income, you must first build a brand by uploading unique content to capture the audience’s interest.

After amassing many followers, you can earn money from product endorsements or paid promotions on your account. Plus, some online platforms, such as YouTube, offer a partnership program where you can receive financial incentives depending on the number of viewers.

Photography and Videography Services
Photography and cinematic videography services for various occasions are the next passion project you can turn into a hobby. When starting this business, you can take easier jobs, such as becoming a photographer for graduation ceremonies, doing product photography for micro-businesses, or documenting an event by video.

Once you’ve established enough funds and an excellent portfolio, you can advance to more significant projects like wedding photography or commercial videography. Aside from taking photos and recording videos, another recently popular business idea to try is offering live streaming services for online events broadcast on YouTube or Instagram.

Graphic design Services
Are you good at drawing digital illustrations or making digital designs? Try running a graphic design service! This business allows you to branch out to many projects, from logo design to character design. However, Instagram feed or profile design services for commercial brands, non-profits, and government institutions have been in high demand.

Handicraft Store
Lastly, if you’re fond of handcrafting, you can sell your creations online. This type of business highly depends on what skills you have. For example, suppose you’re good at embroidery; you can try selling an embroidered wall decoration of famous animation characters with a wooden frame. If possible, you can expand to a broader range of customers by offering a custom request service.

Expenses to Plan for Starting a Business
Before making your business ideas a reality, list all potential expenses for your starting funds. This way, you can determine how much money you need to turn your passion project into a bonafide business. Generally, the most common business expenses include operational, investment, and work expenses.

Operational expenses are the money you spend for things necessary to run the business, such as rent. In contrast, investment expenses include the items needed for long-term business activities like a production machine. Lastly, work expenses encompass the required ingredients to create the products you sell.

For instance, if you want to sell hand-embroidered home decor online, an internet package for your online store is part of the operational funds. Then your investment expenses include the money needed to buy embroidery needles and other supporting facilities. Lastly, the funds necessary to purchase an embroidery hoop, cloth, and threads in various colors fall under the work expenses category.

The amount required to run an online embroidery store depends on the scale of your business. You can start a minor-scale business with just a starting fund of hundreds of thousands of rupiahs and one employee. Or you can go all in to run a more significant business by spending millions of rupiah.

While running a business based on your hobby is fun, sometimes there’s no denying that it’s hard to achieve due to a lack of funds. If that stops you from making your dream business ideas come true, apply for PermataKTA!

PermataKTA is a collateral-free credit loan from PermataBank offering a 100% online application process. By opening the PermataMobile X application, you can get extra cash up to IDR 300 mio with a competitive flat interest rate of 0.88% monthly. Once approved, you’ll receive your loans in 10 minutes! Isn’t that quick? For more information about this service, don’t forget to visit PermataBank’s official website!