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Selling Physical Products
- This involves creating and selling tangible goods related to your hobby. Examples: handmade jewelry, artwork, baked goods, woodworking projects.
- Platforms To Use:
- Etsy, Amazon Handmade, local craft fairs, farmers’ markets, your own online store (Shopify).
- Pros:
- Directly monetizes your skills.
- Potential for high profit margins on unique items.
- Tangible results and customer satisfaction.
- Cons:
- Requires time, materials, and storage.
- Market saturation in some niches.
- Shipping and handling logistics.
- Inventory management.
- Comparisons:
- Etsy vs. Shopify: Etsy provides a built-in audience, but Shopify offers greater control over branding and customer experience.