How To Turn A Hobby Into A Profit-Making Business

Practical ways to start making profits from your hobby skills and products

What you'll learn

The difference between a Hobby and a Business

How to do research for my products or services and the industry

What business skills do I need

What business tools do I need

Writing a short One-Page Business Plan, step-by-step

A step-by-step to setup a Budget for your business

How to create a Brand

Where to find customers

How to sustain my business

How to write a Marketing Plan for your small business - a step-by-step

Requirements

A willingness to learn about starting and running a business

A passion for your products or services

You will learn everything else you need to know

Description

This course is a guide that will help you in practical, easy to understand ways to turn your hobby into a profitable business.  It will also help in turning profits for a current or struggling business.Key aspects of a business is being discussed and explained and practical applications will help you to set up your business as you work through the lectures.The discussion is on topics like:The difference between a hobby and a business (here you can identify whether you have just been running a hobby or have you created a business yet).Where to find customers (we also discuss how to find customers, how to deal with customers and how to keep them).How to create a Brand (the steps to create your Brand are discussed).What do I need to research to understand my industry better.You will be writing a short One-Page Business Plan, a Budget and a Marketing Plan.We also discuss business sustainability, what that means and how you can make your business sustainable, efficient, effective and profitable.If you want to grow your hobby activities into a profitable business, or you want to turn your home setup into a more serious business, then this course is the anwer.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Hobby vs Business

Lecture 2 The difference between a hobby and a business

Lecture 3 Convert my hobby into a business

Section 3: How to do research

Lecture 4 Why do Research

Lecture 5 Where to find relevant information

Lecture 6 The Internet

Lecture 7 Friends and Family

Lecture 8 Current Customers

Lecture 9 Competitors

Lecture 10 The Industry

Lecture 11 How to Process Information

Section 4: Business Skills Required

Lecture 12 Why is business skills required

Lecture 13 Skills required

Section 5: Business Resources Required

Lecture 14 Different types of Resources

Section 6: The Business Plan

Lecture 15 Why is a business plan necessary

Lecture 16 Types of Business Plans

Lecture 17 Write the Business Plan

Lecture 18 Vision Statement

Lecture 19 Mission Statement

Lecture 20 Value Statement

Lecture 21 Elevator Pitch

Lecture 22 What are we selling

Lecture 23 Value Proposition

Lecture 24 Target Market

Lecture 25 Marketing Channels

Lecture 26 Pricing Strategy

Lecture 27 Core Suppliers

Lecture 28 Place of Business

Lecture 29 The Process of Selling

Section 7: The Budget

Lecture 30 Why is a Budget necessary

Lecture 31 What should go onto the Budget

Lecture 32 Write the Budget

Lecture 33 Use the Budget

Section 8: Basics of a Brand

Lecture 34 What is a Brand

Lecture 35 Types of Brands

Lecture 36 Why create a Brand

Lecture 37 How to create a Brand

Section 9: Finding Customers

Lecture 38 Who is my Customers

Lecture 39 Who should be looking for Customers

Lecture 40 When to look for Customers

Lecture 41 How to look for Customers

Lecture 42 How to deal with Customers

Lecture 43 How to keep my Customers

Section 10: The Marketing Plan

Lecture 44 What and Why a Marketing Plan or Strategy

Lecture 45 What goes onto a Marketing Plan

Lecture 46 Write the Marketing Plan

Lecture 47 Put the Marketing Plan into ACTION

Section 11: Formal vs Informal Business

Lecture 48 Register the business or not

Section 12: Sustaining the Business

Lecture 49 What Sustainability means

Lecture 50 How to sustain my business

Business owners who want to turn their hobby into a business,Anyone who wants to start a new business,People living in a developing country who has challenges related to technology, finances and other resources,Business owners who want to turn their business profitable