{"id":151470,"date":"2018-04-08T15:43:06","date_gmt":"2018-04-08T15:43:06","guid":{"rendered":"https:\/\/www.hobbyforshopping.com\/?p=149143"},"modified":"2020-04-26T14:57:24","modified_gmt":"2020-04-26T14:57:24","slug":"from-passion-to-profit-turn-your-hobby-into-a-business","status":"publish","type":"post","link":"https:\/\/www.english-culture.com\/from-passion-to-profit-turn-your-hobby-into-a-business\/","title":{"rendered":"From passion to profit: turn your hobby into a business"},"content":{"rendered":"
\"Hobby<\/a>
Hobby and passion turned into business<\/figcaption><\/figure>\n

This article titled “From passion to profit: turn your hobby into a business” was written by Donna Ferguson, for The Guardian on Saturday 30th September 2017 06.00 UTC<\/a><\/span><\/p>\n

When Hannah Dale was made redundant at the start of the 2007 financial crisis she was three months pregnant. \u201cI had little money, my mother was diagnosed with cancer and soon I had a baby to look after,\u201d she says. Her hobby, watercolour painting, gave her a much-needed feeling of release. \u201cI could switch off my brain when I painted. It was therapeutic and relaxing.\u201d<\/span><\/p>\n

She started selling her paintings to local shops in Lincolnshire, but discovered she was earning the equivalent of \u00a31 an hour after costs and commissions. Then she realised she could make a lot more money if she printed her designs on greetings cards. \u201cThat was a lightbulb moment for me because it was scalable.\u201d<\/span><\/p>\n

\"Hannah<\/span>
Hannah Dale\u2019s company turns over \u00a33m a year.<\/span> Photograph: Wrendale designs<\/span><\/span><\/figcaption><\/figure>\n

Ten years later, her watercolours of animals and birds have been printed on everything from stationery and tableware to wallpaper and cushions. Her business, Wrendale Designs, turns over \u00a33m a year and employs 20 people. \u201cI\u2019ve achieved the holy grail of making a living from a hobby, but it wasn\u2019t easy,\u201d she says. \u201cThere were times at craft fairs when I sold one thing all day. It would have been easier to get a job, but I was determined.\u201d<\/span><\/p>\n

Research for Guardian Money by the Start Up Loans Company and YouGov suggests 28% of British adults have considered turning their hobby into a business. But less than a third have actually gone on to try, the poll of more than 4,000 people found. There is good news, however, for those who take the plunge: 86% of those surveyed who had started a hobby-based business said it gave them greater job satisfaction.<\/span><\/p>\n

Other research by Axa, however, revealed that the majority (60%) of people who developed their business from a hobby in the past three years didn\u2019t earn enough to do it full time. The research also calculated that the average income from a hobbyist\u2019s startup was \u00a3762, compared with an average monthly figure of \u00a31,113 from other businesses set up in the past three years. So how do people do it? We spoke to a number of hobbyists-turned-earners for their stories.<\/span><\/p>\n

The photographer <\/strong><\/span><\/p>\n

\u201cYou have to have commitment, belief and obstinacy to keep going,\u201d says photographer Peter Searight, who spent many years taking photographs before deciding to pursue it as a career. \u201cBeing afraid of failure can often hold talented people back.\u201d<\/span><\/p>\n

His break came when a friend asked him to exhibit a selection of his landscapes at the Battersea Contemporary Arts Fair in 2004. \u201cThe feedback was really positive and the organiser said \u2018You should do this full time\u2019.\u201d Getting his first sale made all the difference. \u201cIt validated what I do as an artist and instilled in me a sense of confidence and motivation.\u201d<\/span><\/p>\n

Although he could see there was a demand for his fine art landscapes, he knew that to run a profitable photography business he needed to cover weddings, portraits and events. So he decided to attend professional photography courses. \u201cThese helped strengthen my skills and hone my style.\u201d<\/span><\/p>\n

Now he runs the Remarkable Studio in Surrey and has won multiple awards for his landscapes and portraits, which have been exhibited all over the UK. \u201cNo two days are the same. One day, I might be at a wedding. The next I\u2019ll be in the studio editing a fine art print. The variety keeps the job interesting. I also feel dedicated and productive because I love what I do.\u201d<\/span><\/p>\n

The consumer warrior<\/strong><\/span><\/p>\n

\"Helen<\/span>
Helen Dewdney set up The Complaining Cow website.<\/span> Photograph: Antonio Olmos for the Observer<\/span><\/span><\/figcaption><\/figure>\n

Helen Dewdney, aka The Complaining Cow, has turned her \u201chobby\u201d of complaining into a successful career. In 2012, after 30 years of helping friends and family seek redress for their complaints, she started a blog<\/a> to share her stories. By 2014 it had become so popular that she decided to self-publish a book, How to Complain: The Essential Consumer Guide to Getting Refunds, Redress and Results. It got five-star reviews on Amazon and was a bestseller, she says. \u201cOnce I wrote the book it showed I had authority in my field and other offers came in.\u201d<\/span><\/p>\n

Now she works full time as a consumer champion, appearing regularly on radio and TV programmes. She used to do this for free, but then started charging a fee. \u201cA key moment was when I realised that to get more paid work I was going to need help, so I approached an agent, Cloud9 Management, which took me on.\u201d<\/span><\/p>\n

The runner<\/strong><\/span><\/p>\n

John White gave up a full-time job as an NHS nurse to set up We Run, which provides professional running coaches to recreational runners across the UK. \u201cWhen I was a nurse, running was my way of keeping fit and switching off,\u201d he says. \u201cI was not a talented runner and although I loved it, it wasn\u2019t something I gave much thought to.\u201d Then he met a friend of a friend who was a coach. \u201cHe examined my running technique and made improvements to my warm-up and cool-down routines. The experience was transformative for my running.\u201d<\/span><\/p>\n

He improved so much he became evangelistic about coaching and set up We Run in his spare time. \u201cThe first year the business only turned over a few thousand pounds,\u201d White says. \u201cWhat kept me going was client feedback \u2013 they got so much value from the service it was like hearing my own voice.\u201d<\/span><\/p>\n

In 2015, We Run was selected as the official training provider for Cancer Research\u2019s Race for Life marathon, which boosted its profile. \u201cThings began to grow steadily from there,\u201d says White. He now has 120 coaches on the books and says he has helped thousands improve their running. \u201cI count myself fortunate to have turned a passion into a successful business.\u201d<\/span><\/p>\n

The writer<\/strong><\/span><\/p>\n

\"Andy<\/span>
Andy Mulligan went from teaching to writing after a lucky break.<\/span><\/figcaption><\/figure>\n

Andy Mulligan, author of Trash and winner of the Guardian Children\u2019s Fiction Prize, feels equally lucky. He wrote several novels in his spare time while working as a secondary school English teacher, but never tried to get them published for fear of rejection. One day he decided to tell a rowdy class one of his stories to calm them down. Unbeknown to him, one of his pupils was the son of a literary agent. \u201cSo much of it was down to luck,\u201d Mulligan says. \u201cI took no practical steps to get my work published until that 13-year-old boy suggested I send my story to his mother.\u201d The agent, Jane Turnbull, liked it but didn\u2019t accept it straightaway. \u201cShe gave me some tips and told me she\u2019d like to read it again in six months\u2019 time.\u201d<\/span><\/p>\n

Having a deadline and a sense that somebody was taking his work seriously transformed his attitude to writing, Mulligan says. \u201cI worked hard on that novel, which later became Ribblestrop. I learned that if you want to succeed as a writer, you have to be resilient and able to take criticism.\u201d<\/span><\/p>\n

He sold that book for \u00a310,000, but it wasn\u2019t until he wrote Trash four years later that he was able to give up his teaching job. Trash, a thriller about street kids living on a dumpsite in the developing world, was made into a Bafta-nominated film of the same name, directed by Stephen Daldry and starring Rooney Mara and Martin Sheen. It was released in the UK in 2015.<\/span><\/p>\n

Mulligan is looking forward to the publication of Dog, his eighth children\u2019s novel, on 26 October. \u201cI love the autonomy I have \u2013 I can follow my whims and write what I want. But I am still waiting for someone to tell me it\u2019s all been some kind of fairytale fantasy.\u201d<\/span><\/p>\n

Tax tips<\/span><\/h2>\n

\u2022<\/strong> Once you start making money from a hobby, you must register for self-assessment or face interest and penalties from HM Revenue & Customs. The annual deadline is 5 October, which means that if you first turned your hobby into an income stream during the last tax year (2016-17), you only have a few days left, warns Chas Roy-Chowdhury, spokesman for ACCA, the global body for professional accountants.<\/span><\/p>\n

\u2022 <\/strong>Since 6 April 2017 you can earn up to \u00a31,000 in a tax year from a trade without paying any income tax, on top of your personal allowance. \u201cThe relief applies automatically, so a tax return is not required,\u201d says Helen Thornley, spokeswoman for the Association of Taxation Technicians. \u201cIt is intended to be simple and should work well for those who are employed and have a small business on the side.\u201d<\/span><\/p>\n

\u2022<\/strong> Take professional advice before you incorporate or register for VAT. \u201cThere are compliance obligations so don\u2019t do it lightly,\u201d says Roy-Chowdhury.<\/span><\/p>\n

guardian.co.uk \u00a9 Guardian News & Media Limited 2010<\/span><\/p>\n

Published via the Guardian News Feed<\/a> plugin<\/a> for WordPress.<\/span><\/p>\n

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Earning money from doing what you love is something a lot of us aspire to. We speak to five people actually living the dream<\/p>\n","protected":false},"author":2,"featured_media":151390,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1168,202,1220,718,2767,187,831,30,1247,2099,28],"tags":[2732,523,3101,3102,3103,3104,3105,3089,39,3106,3107,2100,3108,3109,51,2188,3110,3111,865],"class_list":["post-151470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs","category-creativity","category-culture","category-english-world","category-hobbies","category-ideas","category-learning","category-marketing","category-money","category-photography","category-strategy","tag-article","tag-business","tag-donna-ferguson","tag-entrepreneurs","tag-features","tag-hobbies","tag-life-and-style","tag-main-section","tag-money","tag-paintings","tag-pay","tag-photography","tag-self-assessment","tag-small-business","tag-teaching","tag-the-guardian","tag-uk-money","tag-work-careers","tag-writing"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t