Things To Consider When Turning Your Geeky Passion Into Profit - Warped Factor - Words in the Key of Geek.

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Things To Consider When Turning Your Geeky Passion Into Profit

According to a recent survey conducted by Harris Poll, as much as 52% of employees in the USA are considering changing their jobs during the course of 2021. It's definitely not uncommon to wake up one day, have a look at where you are in your career, and wonder why you are even there. Thankfully, career choices are not permanent, and it is never too late to take your destiny into your own hands and pursue your true passion. If you're a self-proclaimed geek who has already dreamed about turning your love for gaming, comics or cosplay into a profitable business, what are you waiting for? Although the thought of starting your own business can be overwhelming, a few simple tips will make it considerably easier to turn your passion into a profit.

Narrow down your passions
As tempting as it may be to combine all your passions, from gaming and movies to technology and cosplay, into an all-in-one business operation, it may not be a good idea. Instead, narrow down your passions before identifying relevant business and career opportunities. If you identify gaming as your true geeky passion, you can consider earning money from providing game tutorials, becoming a career game tester, becoming a streamer, or even blogging about games. If comics turn out to be your greatest passion, you may want to think about building a comic book website, starting a comic book subscription service, or capitalize on the growing interest in comic book merchandise. Whatever you find your true passion to be, you can rest assured that there are money-making opportunities just waiting to be explored.

Put your plan on paper
Whether you want to start your own line of Marvel-inspired merchandise or earn money with a new gaming-related YouTube channel, you need to make sure you have a solid business plan in place. A well-written business plan will not only help you secure any financing you may require, but it will also highlight a number of very important considerations, ranging from your business’s name and logo to your fixed asset and insurance requirements. Insurance is, in fact, of great importance, even if your home doubles as your business premises. In addition to general liability insurance, you might also want to sign up for business income protection coverage. If you're planning to employ other people to help you with your business, you will also be required to take out workers compensation insurance, which will protect both your employees and your new business venture against workplace injuries. This is mandatory in some states, such as Illinois and California, so check the law in your area.

Don’t be scared to start small
Once you have decided to start your own business, it is very easy to get carried away and set goals for yourself that are somewhat over-ambitious. Realistically speaking, before you can start a new business, you need to not only have the finances available to cover all your set-up costs, but also to keep you afloat for at least a few months. For that reason, it may be in your best interest to start your business on a part-time basis before saying farewell to your current job (unless you can afford to resign immediately, of course). Although this may be tiring, it is one way to make one hundred percent sure your dream of making money from your passion is viable.

Turning your fandom passion into a profitable career can be a life-changing experience. As long as you make sure you're pursuing a true passion and not just a fleeting interest, you're bound to make a big success of your new venture.

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