Making a living from artistic endeavours is a growing trend that can see the process of turning passion into a profession. Creative entrepreneurship is when someone uses their creative or intellectual knowledge and skills to earn a living, usually in business or as a freelancer.
The internet has been a prominent cause for the rise of this type of entrepreneurship, creating the resources and opportunities for those to use their knowledge and innate skills in a way that creates income. Depending on your skills, knowledge and creativity, there are a number of different ways that you can use these assets to your benefit. If you have knowledge or skills that others are prepared to pay you for, then you can become a creative entrepreneur. Some creative entrepreneur home business ideas can include:
- Art and photography
- Coaching/teaching (e.g. online courses)
- Graphic design
- Videography/vlogging (video blogging)
Once you have decided that you would like to turn your creative and intellectual assets into an income, there are a number of things to consider first.
Research the market:
Once you have determined how your knowledge or skill can make money, research your idea to make sure that there is a market that will want to pay for what you have to offer. In market research, your aim is to discover if there are people that are ready, willing and able to buy, and determining who those people are.
Write a business plan:
If you decide that your idea is viable, then it is time to start planning and implementing your business. A business plan is crucial in the development of your entrepreneurial idea. Important elements to include are what your business will offer, what is unique about your business, how your business will benefit customers/clients, your charges, current and forecasted financial situation, and target market. If you are not sure about any elements of your plan, you should get professional help, possibly from a business advisor or accountant.