Worm Farm Business Plan

Worm Farm Business Plan-58
To everyone looking to start a vermi-business, good luck. Hey, maybe I will buy a pound or two of worms from ya. Hi Kami, You are right, starting a worm business IS definitely a gamble (although the same can be said for starting any business really).I think the next best thing (in terms of buisness) will be new products helping home composters to care for their worms and to harvest the castings. There seem to be two main schools of thought when it comes to improving your chances of success with a worm business. I lost some worms, but still have many strong, happy worms.

To everyone looking to start a vermi-business, good luck. Hey, maybe I will buy a pound or two of worms from ya. Hi Kami, You are right, starting a worm business IS definitely a gamble (although the same can be said for starting any business really).I think the next best thing (in terms of buisness) will be new products helping home composters to care for their worms and to harvest the castings. There seem to be two main schools of thought when it comes to improving your chances of success with a worm business. I lost some worms, but still have many strong, happy worms.One of the mistakes a lot of people seem to make is assuming that if they have lots and lots of worms and/or castings the world will suddenly beat a path to their doors to buy them. Some of you may wonder about ‘turn-key’ and ‘contract’ opportunities.

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😆 I realize that sounds like a lazy answer, but let me explain…

It really depends on the amount of work YOU are willing to put into it, and the expectations you have.

Research the industry to find out how much you can sell worms for and how profitable your business could be.

Outline your purpose and make some financial projections based on your research.

I am just doing this for fun and to help process kitchen waste, but if I were trying to make a living, I would be in trouble.

I still love to care for worms, but have no ambitions for money.I had to answer this one on the blog since this is a topic a lot of people want to learn about, and something I haven’t really talked about all that much.As a few of my readers know, I was actually hired to co-author a worm farming manual last year (along with a newsletter – something I’ll be doing again this year).Starting out the way I suggested above, it certainly won’t be hard to reach profitability (especially if you don’t consider your own time as a cost), assuming you can find a market for your worms etc. Breeding worms and producing castings is really the easy part.It is developing a demand for your products that can be the real challenge, and something a lot of would-be worm farmers seem to want to sweep under the carpet.Set up the legal aspects of your worm farm business.This they include setting up a limited liability company or a corporation.Bentley, think you are correct when you suggest that people start with a side business.It is very possible that one small problem could result in terrible financial loss.Also, mainstream people do not seem to understand vermicompost.In my area, they would not be willing to pay very much of their money for worms or for vermicompost for their gardens.

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