I've just listed £340 worth of Market Research Studies for you to apply for!

Mar 29, 2021 11:42 pm

Hello

Without seeing yourself doing it happily for a long time (or free at all) then you have a soul-crushing business that may as well be your 9-5 you’re trying to escape.

If you can’t afford to do it and set it up then it’s too risky.

If you can tick all those boxes - congrats. You’ve found something that lets you build an income from your passion.

MARKET RESEARCH STUDIES

ACTIVE STUDIES

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Some more resources to learn more about these types of entrepreneurial paths

· Expert interview on the passion economy (Creators) with Li Jin Why more people are making a living doing what they love

· How do you know if you should go freelance, a summary and video interview with Liz Spears on The Ask

· Emma Gannon, Author of The Multi-Hyphen method, on creating multiple income streams as a multi-hyphenate

· Indie Hackers, the community for people building independent businesses (not seeking external investment)

· Can you really make an income from your passion? I wrote about how to make the economics work so you can really build this kind of business

· Pros and cons of the gig economy report

· The Dots is an alternative professional networking platform to LinkedIn, set up your creative profile and get inspired

Below is a formula from business coach Vanessa Lau to help you determine whether your business idea can earn you money

It needs to meet all of the following criteria:

1. Will I be happy to do it, even for free?

2. Do I see myself doing this long term?

3. Can I afford to do it?

4. Is there real demand?

5. Can I scale it?

NB. Doing it for free is important in the early days when you’re still getting your