Worm farming is one of the fewest opportunities that is environmentally friendly while it is possible to earn substantial income in the process. There are not a lot of competition in the worm farming business, mainly because it is seen as a hobby than an actual career. In fact, worm business niche is very tiny.
People simply raise worms and ship them to bait shops for fishing. However, with environment issues being the main focus on global scale, worm farming is becoming popular. More and more legitimate business like gardeners who needs worms to nurture their crops. Plus, the worms is a very edible food that can address food shortage easily.
Running a worm business is fairly easy and doesn’t require a lot of your attention, aside from times you will have to add food and ensuring that the temperature is well regulated. Worms multiple every 90 days which can be quite lucrative business if you have a lot of worms for sale.
Starting your own profitable worm business is super easy with very small start up costs. You will not have to spend more than $100 to $150 for all equipment to start raising worms for quick and easy profit. In fact, you do not have to go out and hunt for worms. It is obvious you can make good money collecting in their natural environment.
However if you want to grow worms and make steady income between $1,000 to $1,500 a month just taking care of worms and shipping them to bait shops. Then read more to find out how you can start a profitable worm business.
When I was a child, I always dig around the ground for worms. And I am sure most of you did the same thing. Worms are especially very populous when there is rotting organic matter, like grass clippings or old piles of leaves.
After raining also is another effective way to collect earthworms. It is natural for worms to come out of the soil during rainy days. Because of the sound impact that the raindrops makes vibration which tells the worms to get out in order to avoid being eaten by moles. So if you do not like to get dirt under your fingernails, then you can collect worms after a rainy day.
Or if you do not want to do the hard work of having to buy temperature regulator, container, etc. This startup company is selling worm farming starter kit for anyone who is interested in starting their own worm farming business.
It comes with detailed guide how to take care of worms and equipment to build a hyper-profitable worm farming business. Plus, it comes with starter worm package to help you build your own worm farming business right away.
It is important that you keep the worms in loose soil and pack them by the pound when you are ready to sell them. Bedding materials like damped newspaper, cardboard and yard waste are excellent for storage and transportation purpose.
Most types of containers will do just if you sell these worms in person at local fishing stores. Even door-to-door gardeners. For instance, a case of 1,000 foams and a case of lids to fit them will set you back around $100 on Amazon. Which is 10 cent per. It isn’t that bad if you charge $1.50 for a dozen worms. If you do, be sure to punch holes in the lids for oxygen.
Although, you can sell worms online and have them shipped directly to your customers. You will have to purchase boxes for it. It is highly recommended to ship your product using U.S Postal Service because they have a good reputation for delivering worms alive and safely. Plus, UPS and Federal Express has a requirement that you become a certified shipper.
It all depends on the type of worms, size and market price. Currently, these red worms sell at $15 for 300 a bucket. Although, night crawlers from family operations sells very well at around $30 to $32 a pound. You will sell about 350 to 400 night crawlers a pound. These worms is valued at $0.10 each if you sell them in bulk at retail.
Although, fishing stores tends to pay more. They usually fetch between $1.50 to $2.00 per dozen. If you were to sell 360 night crawlers, you will easily earn around $30 to $35. Furthermore, you can wholesale bulks of worms to sports department in retails like Walmart who usually purchase from local suppliers.
The most obvious wholesale market is the bait shops. You also can sell the worms to pet stores who houses worm-eating animals and food industries.
If you want to start your own worm business, it will take at least few months before you will enter a sustainable business model. Which means you will need at least few thousand of worms to generate profit. Worms grows and multiple every 90 days. If you were to start with 500 worms, in one year, you will have at least 8,000 worms with a potential profit margin of $800 to $900 a month.
And you do not have to do any kind of hard work. You simply have to maintain the temperature and keep the bedding moist. Also you need to feed the worms once in a while. But the rest of the job is pretty much a waiting game until you have enough worms to sell.
In the end, starting your own worm farming business can be extremely profitable if you know your market well enough. Because it is very easy to make money selling the worms, the competition is very tiny that makes it a very profitable and lucrative business.
Keith Ericksen is a successful affiliate marketer and founder of The Money Creator™. His goal is to help readers like you learn how to make money by creating profitable websites. During his leisure time, he enjoys to socialize, playing games, learning new things and hiking.