This is probably one of the very best websites out there for you. Not only will you find tons of info on fish, but they have a good section on the fish business as well
http://wetwebmedia.com/
Hope that helps
MM
2007-06-26 16:56:18
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answer #2
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answered by magicman116 7
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I don't like to be a rainer of a parade, but in all honesty, to look for a profit, I'd hope you've got near a 5 or 6 figure budget in place. Let me give you an example. I've got a 180 gallon tank, 75, 20 and 15. Between the tanks alone, thats 3,000 right there. This doesn't include your filters, decorations, medications, and food, nor your cost to get stock to breed. You need to have a variety of sizes, medications and food on hand, to ensure your live stock will not only reproduce to sell, but make sure they don't die for various reasons. You need a ton of space to store these tanks, so here comes the lease factor. You'll need to set up a shipping account if you want to get buyers out of your local area, and that's where your money will really be at. To sell even just locally, you'll need a licence, another fee involved. You'll need shipping supplies, another expense still yet. You'll need to do market research. You need to do this becasue you need to know what's going to sell and what isn't. Of course it's going to vary from place to place, so consider how you will find out who wants to buy what.
I'm working full time, but at night in additon to doing answers, I'm also a Business Administration student, and I know from taking Marketing already and getting an A in that, just doing the proper research to get an accurate depiction of your potentinal buyers out there is going to be time consuming and costly. This puts new commers at a very bad disadvantage to chain stores, that own and have monetary assets at thier disposal, far beyond what most new commers trying to do this on thier own would have. You'll need to analyze your marketing data on top of it. Example. Me personally I love Arowana, and I have the tank capability to care for them as well as the experience. Are you going to stock Arowana if you only have a handful of buyers? Profitibility could be higher then most of your other fish. Wholesale on babies I can tell you ranges between 14.00-18.00 depending on quality. (cite magicman for refrence, he looked that up for me in the past) Ok so what are the chain stores here selling them for? About 40.00-50.00 depending on size and quality.
This really leads you into a critical thinking aspect. Just looking at the numbers, you see a high mark up. But what do you do with those fish IF they don't sell. Smart business tells you to have a plan. That fish grows to be 3-4 feet as an adult, and you'd basically need a pond to breed them. So you'd need to make a decision on stocking that or not. In all likelyhood, you'd have to buy to stock which means to make some money, you need to pass that on to your buyers so you don't operate that species at a loss. To me, if you don't know about the fish you sell, thats another danger. You're going to get requests up the ying yang, will this fish go with what I have. So unless you know for sure, (you're best interest if you want recurring sales, to know what you're talking about) you need to hire some consultants to assist with orders and technical questions. Adding more to your overhead, if you want to take online orders, you'll need to open accounts with the major credit cards.
All in all, trying to do this on your own, you'll need too much of a massive budget, and a sound business plan to make this work. I'd not try this.
JV
2007-06-26 17:07:51
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answer #3
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answered by I am Legend 7
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