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For a lot of people, including myself, a hobby is more about the "doing" part than the "finishing" part. It's a creative and productive way to get your mind off things and kill time.
I love to knit and crochet. For me, it's more about keeping my hands busy than making stuff I need to use. I have knitted more scarves than I can count!
Recently I started making socks, because they take more time than a lot of other projects, and nothing beats wearing a pair of handmade socks.
If you're really into your hobbies, it will get to the point where you want to make more things than you need, and you can only give so much stuff away as gifts before people get tired of them.
Selling them it a good way of being able to get rid of the stuff you make instead of stockpiling it, and at least you can put a dent in material costs, if not covering them entirely, for something you're going to do anyway.
As far as getting paid for the time, the satisfaction of doing the hobby is the payment for the hobbyist.