Here`s a very interesting topic we had awhile back:
"If all you had were $200, what type of business would you start?"
What`s even more interesting about this, is that only a couple of weeks
ago we got one of those packets of coupons in the mail for direct
advertising. Because of our interest in SuN, we`ve been looking at the
coupons more, lately. One of them was for a "doggie poop cleaning"
business! LOL! They must`ve been members of the community!
At any rate, the worm farm business is an excellent opportunity, as
long as you keep an eye on your market---the people to whom you`ll
sell, and who want to buy your worms. As a fisherman, I use worms a
lot, but only in the summer. We`re in the Chicago area, and don`t do
Where are you located? If you`re in a warmer climate, you`ll be able to
sell the worms for a longer period. How will you store them, how will
you ship them, and what responsibilities will you take on as opposed to
Another aspect to consider is that there`s nothing wrong with a
seasonal business. Dairy Queen is a good example, where owners might
have a location near a school. They do great business from around May
until October, then close down over the winter. Like farmers, they make
a lot of money for part of the year, and go do something else for
another part. So they "annualize" their income.
You would do something similar (teachers also do this). You`d sell your
product all spring and summer, then take the total and divide by 12.
That would be your monthly income. You`d then make your yearly budget
based on your "annualized" monthly budget.
Entry cost would be almost nothing, and the worms would self-propagate.
But you`d have to have a good idea of how many worms would you need in
order to meet what kind of demand. That again comes down to who will be
Costs would be the styrofoam containers that hold a dozen typical
nightcrawlers. You could branch out to red worms, meal worms, and
grubs, depending on your climate. You might need to invest in a heated
garage, but not necessarily.
Projected inventory would be another thing to contemplate. How many
worms can live within the amount of soil you have? If you sell 10 dozen
worms a week to 1 gas station who wants a bait shop, that`s 120 worms.
Every week. Can your farm support a harvest of that many worms and keep
you in business for 6 months?
This would lead to a calculation. Look up how many worms can be
supported by X number of CUBIC feet of earth/dirt. Figure out how many
bait shops you`d need, how many containers they`d buy per week, and
that`ll tell you how much dirt you`re going to have to put together.
Because it`s cubic feet, that`ll also tell you how much room you`ll
need for that dirt.
Finally, you`ll need a reliable way to conduct a "census" of your farm.
How many worms actually are living within the total amount of soil
you`re using. You could probably do a statistical survey, taking a
sample population from various cubic feet around the farm and have a
fairly accurate number. But you`d want to check that number every so