Monetization Strategies for DIYers: Making Money From Home Improvement Projects

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Monetization Strategies for DIYers: Making Money From Home Improvement Projects

Your eye for detail and ability to DIY anything could become a profitable side gig. Monetizing your home improvement and DIY projects can grow passive income that helps pay the bills or fund future projects, not to mention helping you get a great price when you decide to sell. To help you test different monetization strategies to find the right combination, The RE/MAX Northland TEAM share some tips to inspire you.

Start a Blog

A blog gives you full control over how you showcase projects. Use it to share images, provide product recommendations, or create step-by-step tutorials. You can use your blog for selling products, affiliate marketing, sponsored posts, and other monetization methods.

Use Affiliate Marketing

Affiliate marketing works well with DIY content because you can link to the materials you use. Integrate affiliate links naturally into your content. For example, in a tutorial on how to tile a floor, you might include affiliate links to the materials and tools you used. When a reader clicks a link and purchases something, you get a small percentage of the sale.

Create a YouTube Channel

YouTube channels work well with the DIY niche. YouTube boasts over 2 billion logged-in users every month. Create videos on project updates, tutorials, shopping for supplies, and behind-the-scenes activities. You can earn ad revenue from YouTube and use your channel to promote your website, online courses, or other products.

Use Apps

There are a variety of apps that can help you run your business more efficiently and boost customer satisfaction. Helpful apps include those that assist you in managing projects, consulting with customers, invoicing, and sharing your design ideas. 

Teach Others

Use your DIY skills to teach others. Creating online courses is easy with options like the Teachable platform. Prepare step-by-step tutorials and courses for the projects you do and sell them as online classes. It generates passive income since you can have an unlimited number of students.

Sell Items

Produce and sell DIY projects to your followers. You can sell them through your website or on another platform like Etsy, which has 90.5 million active buyers. Or sell plans for custom-designed pieces you make. Selling digital plans is easier than making and shipping a physical product, and you can sell the same plans to an unlimited number of people.

Drive Traffic With Social Media

Social media is a free, interactive way to grow your DIY business. Instagram works well since it focuses on visuals, but Facebook, Twitter, and TikTok can also drive traffic to your blog, website, or YouTube channel. Create visually appealing content and post consistently to grow your audience. Connect with followers by responding to comments.

When using social media, try to maintain consistency across platforms. For example, if you’re showing off a tile job in a bathroom, you can use the same pic across Instagram and FaceBook. Plus, you can easily resize an image for Instagram or FaceBook with online tools that help you keep picture aspect ratios so your pics look great wherever you post. 

Brand Your Look

Creating a consistent, eye-catching brand establishes a recognizable look for your DIY content. Customized banners and graphics used on your website, blog, YouTube channel, and social media profiles create brand recognition across platforms. Hire a graphic designer to design graphics with custom colors and other features.

Fund Future Projects

Fresh content is important when monetizing your DIY projects. Reinvest your earnings or fund lots of projects at once with a home equity loan.

To estimate how much equity you have available to borrow against, subtract what’s left on your mortgage from your home’s current market value. If you qualify, you can borrow some or all of your equity through a home equity loan or line of credit.

Monetize Your Passion

Use your DIY passion to increase your income. Investing in a variety of monetization methods helps boost your residual income faster. It’s a nice way to bolster your profit whenever the time comes to sell! 

If you’re looking for a partner to help you negotiate the complexities of buying or selling a home, connect with RE/MAX Northland today!

Call 218-203-3603 or email remaxnorthlandteamjared@gmail.com. 

Article compliments of Tina Martin at ideaspired.com