Wednesday, September 11, 2013

Is Worm Farming Profitable?

Worm Farming Questions

We receive many worm farming questions in emails and phone calls.  Here's a common one I'd liked to share with you in our Q&A post today:

Q: "Can I really make money worm farming? Is worm farming a profitable business?"

A: The short answer is "You bet!"  But, of course, with me, there's also a long answer.

Growing Worms For Profit

Worm farming can be excellent home-based business.  And you can make money raising earthworms.  Making a worm farm profitable is no different that any other home business.  Other than the aspects peculiar to worm farming, in order to make your worm farm successful you must follow the same basic requirements that make any business successful.

Successful Business Basics

Starting a business, any business, and making that business flourish requires that a few basics  fulfilled.  Check off this list tailored to worm farming from the beginning, and you are well on your way to success:

  1. Answer this question: Is there a market for your worms?  As with any other product,  you should have a supply of customers in your area that are interested in purchasing your worms and worm castings/vermin-compost. The market for your worms consists of fishermen, vermicomposters, bait shops, reptile/fish/rabbit/etc. owners, and gardeners. 

    If you live in an urban area, you'll most likely require an online presence and ship your worms to customers.  The trend recently, however,  has shown even apartment dwellers and city-folks are becoming interested in vermicomposting (which you can do in a small tub in the laundry room) and container gardening. 

    The bottom line - find out if there's a market in your area or be prepared to sell online.
Next.... Step 2: Cash Flow

Profitable Worm Farming Resources:

Get off to a good start with your worm farming business.  Find other how-to's and troubleshooting tips in my Worm Farm Manual: A Step-By-Step Guide To Raising Earthworms.

Serious about raising worms for fishing, vermicomposting or reselling? Check out my "Worm Farm Manual" for more worm problems and their solutions. 
*Update:  This manual is currently on sale for 30% off on both the digital and hardcopy versions.  Hurry, sale ends 10.17.23!

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