Can you really make money homesteading?
If you have the drive to make it happen you can absolutely make money. However, there are several things you need to think about in order to have a successful homestead business.
Treat It Like a Business:
This should be at the top of your mind at all times. You cannot make a profit at homesteading or having as I like to call it “an agricultural business” if you do not treat it like one.
That means selling the livestock that is not making money. This might sound mean, selling or butchering the hens that are not laying eggs any longer. If that older rabbit, goat, sheep, heifer or whatever the case, is costing you money and you are not bringing in enough to warrant caring for it till the end of its life. Consider selling them as a pasture companion for a very low price. Or adding to your freezer meals is also a consideration.
Before jumping into all the livestock that sounds interesting to you, make sure you can make a profit from that animal. In some cases, it might mean going with a different or unique breed. Maybe in your area, there are so many people selling that same thing it might not be worth getting into it at all.
An example would be if you live in a place like I do it is difficult to make money selling eggs because a lot of people have their own flock and they are also trying to sell eggs. However, if you lived closer to a larger city or in a city that allows chickens ( a website that lists this) you would have much better success. There are more people who can’t raise them due to location and city folks will pay more for fresh or free range eggs (no offense intended if you live in the city, I love y’all just the same)
When considering getting into an animal there are a few things you should look at before you purchase the stock. They are: price in your area, are a lot of other people selling them, and how much could you make from that animal. You should also consider what time if the year is the best to buy. For most livestock, you are going to get the best deals at the end of the year about a month before winter starts to set in.
Be strategic in your planning:
It might seem easy at first to remember everything you want to do with your homestead business. Once you start expanding on what you are already doing, gaining more customers, attending events, and trying to remember the tasks you want to do each day your brain will be on information overload! That believe me, is no way to live. You will become stressed and not enjoying life in the moment.
You can be as simple as a pad of paper or as techy as having everything digital. I developed a wait list for people who were interested in animals. I am also a huge advice of using a planner or at least a calendar with the month at a glance. For more on finding a planner that works for you and the purposeful to-do list check out this blog post.
In planning a homestead business, you should also look at all the different revenue streams you can generate from one animal. For example, with goats, you can sell many different dairy products and soaps as well as becoming a breeder.
Planning a budget and tracking expenses:
Oh my, I cannot say enough about this. It is so easy to see a good deal or this adorable face at the animal swap or online and wants you to take it home. That face is another mouth to feed and care for. Adding to your chore time in the morning as well as adding to the feed bill.
If you can stick to your boundaries and do your research you will be well on your way to having a successful homestead.
Still not sure what is the next step for your homestead? Set up an appointment to meet with me and I will help you get on the right path to take your business where you want to go.
A Chick And Her Garden