#HOBBY FARM PROFIT FREE#
Are you selling to a man or a woman? What age? Where does he or she work? What level of education does your customer have? Where does your customer shop? What is her hobby? Where does he like to spend his free time? For financial success, you need to profile your ideal customer. Moral support is important, but it is not going to pay your bills. Your family and friends may purchase from you once or twice but unless they fit your ideal customer profile, you should only count on them for moral support. Make a list of your assets and determine what else you need to make your vision of a profitable homestead business a reality.
Remember, it takes 3-5 years for start-up businesses to grow a profit.įor common-sense advice, read “Making Your Homestead Pay… You First!”. Whatever you do, make sure you are passionate about it to keep at it even when times get tough. For that matter, you can forage wild herbs for free. You can start a herb business with one packet of seeds. If you believe you have absolutely no extra funds, start your business on a shoestring. Invest any extra money in your homestead business. Attend farming and business conferences, network with other farmers and refuse to let the fear of failure prevent you from trying something you have never done before.Ĭut your expenses as much as you possibly can. Read books pertaining to your homesteading interest, as well as business, marketing, and money management books. Knowledge and skills can be picked up as you go if you have enough passion to maintain the momentum and enough capital to sustain yourself. Think outside the box to find a way to get started. Certain varieties of mushrooms can be grown in a spare room or garage. You can purchase local fruits from area farmers, add some complimentary herbs grown on your apartment balcony and process these preserves in your tiny kitchen. If you are interested in fresh fruit preserves, you don’t necessarily need an orchard. Homesteading encompasses a vast area of skills, products, and services. Do not get stuck in the trap of thinking you must have a certain acreage in order to start your homestead business. Resources include property, capital, knowledge, skills, and passion. What resources do you have and what resources do you need? Add a different variety of basil each year as your funds and knowledge increase. Sell potted plants, seasoning blends featuring your basil, homemade pesto, and basil-flavored pasta. If you are starting a basil business, don’t just sell potted plants. You can expand this to include building rabbit hutches and rabbit tractors, writing rabbit articles for homesteading magazines and blogs or creating your own money-making blog. For example, if your farm specializes in rabbits you should have a meat project, fiber and pelt projects, garden manure project and breeding project. To protect yourself and your business, think in terms of multiple projects under one homestead umbrella. In addition to the risks every new business deals with, homesteaders must also consider forces beyond their control: weather, predators, food trends, new farming regulations are just a few. Homesteaders know the danger of putting all your eggs in one basket. How can you create different income streams from one profitable homestead business? Whether you are wanting to align your environmental, spiritual and physical health values with your work or wanting a way for everyone from toddlers to grandparents to participate in the family economy, your motivation for starting this business will guide everything from your service or product to price to your customer base.
Making money is an obvious reason, but it really shouldn’t be the only reason. Why do you want to turn your homestead into a business? Ask yourself the following questions before setting up your homestead business. It is not as simple as selling your excess garden produce or fresh eggs, but with the right vision, planning, and implementation it is possible to make your dream of owning a profitable homestead a reality.īefore you begin any journey, you need to know where you are going and how you are going to get there from where you are now. It is exciting to consider the possibilities of taking your successful hobby farm to the next level, but there are quite a few factors to carefully consider before you turn your hobby farm into a profitable business.
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