Make Money From Your Hobbies

Last Updated Jun 2, 2011 3:09 PM EDT

What are you into? Are you an expert at something? Do you have a hobby that you absolutely love? If so, you just might be able to turn that hobby into a few extra bucks every month.

We've all been told that "it's not work if you love what you do," but the problem is most of us are stuck in jobs we don't love, working for people we don't respect, and are worried about paying off credit card bills and making the rent payment.

Wouldn't it be great if you could turn what you love -- what you gladly spend your other 8 hours doing -- and make money at the same time? Here's how you can do just that.

Check out eduFire. They are a "live video learning" website where folks like you -- people with a passion and an expertise -- can teach others (or learn from others). eduFire provides the teaching platform; you provide the content.

Here are the two things you need to consider:

1. What can you teach? Before you say there's nothing you can teach, take a step back. If you're like me, whenever you hear "instructor," you probably immediately get this vision of a leisure-suit-wearing stuffy college professor yapping about electrons and nuclei? Well that's not an eduFire instructor, and it doesn't have to be you either. Also, a single hour-long course is just fine -- you don't need to 12 courses over a semester.

Take some time to brainstorm your interests. Do you speak another language? Are you a marketing whiz? Have you mastered Twitter or Facebook? Check out eduFire's website to spark some ideas.

2. How much can you make? According to Jon Bischke, founder and president of eduFire, top teachers make between $100 to $150 an hour (85% of the revenue goes to the instructor and 15% goes to eduFire). If you taught the same course a couple of times a month, you might pull in an extra $200 or $300. Not bad for doing something you enjoy.

The more students you get, the more you make. Tap into the 40,000+ students who have already registered for eduFire courses AND be sure to market your course to your own network for maximum impact.

Inside Tips
  • Brand building. Maybe you want to build your brand, platform, or reach. Instead of charging for your class, offer it for free. Once you build a following and are in demand, you could then charge for classes.
  • Up-sell. You could offer free classes but then introduce your own services/products. For example, if you are a PR guru, you could teach a class on how to write a killer press release for free. For those students who are interested, you could help them build their media list for a fee. Warning: you must provide good, solid content. eduFire is not your personal infomercial network.
  • Differentiate. Check out the list of courses currently offered on the site. If there are other classes similar to yours (e.g., how to learn Chinese), review the course titles, descriptions, and instructor profiles and offer something different. For example, instead of titling your class, "Learn Chinese," how about "The 10 Business Phrases in Chinese You Must Know," or "Don't Visit China without First Taking this Class."
  • Prime time. Per founder, Jon Bischke, the majority of classes are taken from 5:00pm to 6:00pm. Try to fit your class around this hotspot.
  • Meritocracy. Classes are not reviewed first by eduFire. The community (your students) determines your success (can you imagine if College worked this way?). Provide good content and you'll get better rankings. The better your rankings the more eduFire will market your class and the more students you'll get.
If you're not quite ready to teach a class, but are interested in taking a class, most are between $5 and $20 per session. eduFire also offers a SuperPass program that allows you to take unlimited classes for $29 a month. And because I kicked, screamed, and begged, they are giving me 10, one month SuperPasses to give away!

The first five who post a comment below will win a pass and the first 5 people who link to this post from their website/blog will win -- just email me the URL by clicking on "Contact Robert Pagliarini" to the left under my photo.

Good luck and happy teaching . . .

(Money photo by Photos8.com, CC 2.0)
Are you ready to create more money, time, energy, and passion in your life? Learn how to live your best life now with these free resources:

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You can also join a community of passionate people at Richer Life who want to achieve more in life and at work. With your free membership, you can participate in conversations I have with experts, celebrities, authors, and thought leaders that are laser-focused on practical ways to drive more money, motivation, and meaning into your life. Take the first step toward creating a better life by joining Richer Life for free now!
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  • Robert Pagliarini On Twitter»

    Robert Pagliarini is obsessed with inspiring others to create and empowering them to live life to the fullest by radically changing the way they invest their time and energy. He is the founder of Richer Life, a community of passionate people who want to learn and achieve more in life and at work. He is a Certified Financial Planner and the president of Pacifica Wealth Advisors, a boutique wealth management firm serving sudden wealth recipients and affluent individuals. He has appeared as a financial expert on 20/20, Good Morning America, Dr. Phil, Dr. Drew's Lifechangers and many others.

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