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How To Turn A Hobby You Love Into A Business

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So many people start their business from a hobby that they love. But just because we love something doesn’t mean it’s always going to be a good market fit. 42% of businesses fail due to “no market need” and this can be a very big hurdle for anyone looking to build a business from their hobby.

You may need to do more than one thing to create a financially sustainable business. For example, We Are Knitters expanded from knitting to crochet, petit point, and even arm knitting. They also have kits for women, men, children, babies, and home decor. Everyone loves a handmade gift! In addition to knitting kits, they sell supplies, tote bags, t-shirts and even subscription gift boxes and yarn dying kits.

Turning a hobby you love into a business that thrives is totally doable. Follow these steps and enjoy the ride!

 

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