One of the areas of my life that I don’t talk about very often here is raising dogs. This has been a hobby of mine for many years. My parents bred dogs and we traveled all over the U.S. showing them so I guess I come by it naturally. I delivered a puppy to North Carolina this weekend and thought I would touch a little on the economics of dog breeding and making money from a hobby.
While breeding dogs is not a business for me, I treat it as one for several reasons. I earn an income from it and I prefer to be able to deduct my expenses from it. The income from the puppies insures that my dogs get the best of care and in normal times that income is put back into care, feeding, stud fees, veterinary bills and showing them.
Most years the expenses are equal to the income due to the care that I take to both improve the lives of my own dogs and the health testing that goes into making sure that the puppies will not be born with any genetic problems. Before my dogs are bred they visit a canine ophthalmologist and cardiologist as well as their regular vet annually. They also have x-rays of their joints to make sure they do not have joint problems.
Then there is the expense of actually having puppies. There is the occasional operation to actually have the puppies, the vaccinations, worming and care of the puppies after they are born and then advertising expense if they are not all spoken for before they are born. Because I have been breeding for so many years and my puppies are known for being beautiful and healthy, all the pups are often spoken for before they are born.
This year for the first time in my life, the income from the puppies will go to my emergency fund, catching up and paying ahead debts and making life a little more secure for both the dogs and I. There is a list of things that the dogs would like such as fencing in the yard for them so they could stay outside while I was at work but that will have to wait for better times. Last year they got an air conditioner for their room while I sweated the summer out with box fans.
Income from Any Hobby
My point is not the economics of breeding dogs but that you can turn any hobby into an alternate stream of income. With some hobbies you have to be a bit more creative than others but it is possible.
Sewing – Make something simple and sell at craft shows or on Etsy. I love these shopping bags and have considered making them to sell at the local craft cooperative.
Crafts – This is another project that is on my horizon. These magnets are simple and inexpensive to make and I plan on selling some in my shop.
Knitting and Crocheting – If you are doing this anyway, why not look for a project to sell.
Golf – This is one of the more difficult but perhaps lessons to kids or teens. Finding old clubs at thrift stores or yard sales, reconditioning them and selling them on eBay or Craigs list.
Reading – This is one of my favorites. If you read a lot, why not sell the used books on Amazon, eBay or Alibris. I did this for awhile and made a fair income from it. I expanded from my own books to purchasing some at yard sales or thrift stores.
Woodworking - You don’t have to be an expert at this to make small shelves or birdhouses to sell. Birdhouses are all the rage lately both to put outside and to use for decorating inside.
Whatever your hobby is if you think about it creatively, you can make an income from it. If you treat it as a business and track of your expenses and income, something that you love to do can turn into a snowflake to pay down debt, go into a vacation fund or be put aside for your emergency fund.
Is there any better way to make an income than by doing something you enjoy? What are your hobbies? Have you ever considered making an income from them?
- Hooray! My Income Taxes Are Done by The Doctor Is In I finally sat down and...
- Brainstorm – Things to Increase Income Have you ever participated in a brainstorming session? In the...
- Guess What? It’s February I love February!! Why you ask? Well, Valentines day is...
- Broke? How To Start An Emergency Fund Almost every article you read about debt reduction advises you...