Last year was really awful for many people. If they had savings, it is probably gone. People who had saved their entire lives for retirement saw much of that money wiped off the books in a matter of weeks. For people who have no savings, saving is almost impossible. People lose their jobs, their savings and their peace of mind. But the good news is that this economy is the perfect time for starting a business. Most people have something they do and love. Whether it is building the model truck or designing Web pages, a hobby is a wonderful thing into a business. Everyone (with a lot of money!) Can open a storefront and start selling product, but for most of us, that's not reality. We need a way to make money without paying anything up front. The easiest way to do this is by selling information. By selling your education, your knowledge, your ideas and your imagination, you are selling a product whose price will not increase and is unlimited in stock for you 24 hours a day. Selling information on the web is a great way to make your hobby into a business. If you love swimming, write an e-book on swimming and selling on the web. If you recently bought a house and think you can help people by giving them a real-life look at the process, a website about it and sell advertising space. If your hobby is web design, you're in business! Web designers are scarce at the moment and as you can this hobby into a business, you do not need another job. When writing your hobby, you put words to work and sign on a website like Sologig. com or Elance. com to find writing work. Even in this downturn in the economy, there is more work available than ever. However, if you want to sell a product, selling it online easily. Turn your hobby into a business by selling your products on sites like Ebay, or by creating a website and selling it there. Whichever way you choose, you'll spend your days doing something you love and making a living doing. And that's the point - if you have something you love and find rewarding than making money doing it makes it even more fun! There are many ways to do this - just identify what it is you love doing and find a way to do it for profit.