Tuesday, July 22, 2014

Worm Bed Profit, Continued

European night crawlers cupped as bait
Discover other worm growing tips and how-to's: Worm Farm Manual

Selling Bait Worms At Retail

Back the our hypothetical worm bed.  The sale of bait-sized European Nighcrawlers has the highest profit potential of all the worm markets. Selling bait worms retail is the highest price you can get.  Let's say you're near a lake  and the traffic to the lake goes right by your worm farm.  Hallelujah!  You have a gold mine.

Once you sell to even one fisherman, there will be a deep and well worn path to your door from other fishermen coming to the lake.  You can sell your worms cupped or better yet, fill  their containers, at a price that is very good for you but still better than any bait shop could possible offer.

But even if you don't have this prime location, if you're anywhere near a good fishing area  it's still possible to sell to this market.  It's just not the "sit-in-your-rocking-chair-and-rake-in-the-money" situation.  You'll have to put out just a little more effort to reach your market.

So, whatever your proximity to the fishing holes are, you have a ready market for your bait sized worms. Let's say bait shops in your area are lucky enough to have a source of European Nightcrawlers, the best bait worm on the planet, and they sell them at $4.oo a cup.  You could sell your worms at $3.50 per cup.

Usually, you put 24-30 worms per cup. One pound of good sized bait European night crawlers makes about 10 cups, so you would be getting $35 dollars per pound.  with your 180 pounds of worms per bed per year, you could get $6300 per bed .
  • Bottom line:
    One 3'x8'x1' bed of European night crawlers, sold as retail cupped bait, can produce $6300 per bed per year or $262.50 per square foot per year.
From these figures, you could put in 10 beds (which is very doable and rather small scale).  These ten worm beds, stocked with European night crawlers and sold retail as cupped bait, ....well....you do the math.

Worm Farm Resources:

Find out how to get the maximum growth and production from your European night crawler bait worm beds.  My Worm Farm Manual walks you through setting up your beds, feeding your worms, harvesting your worms, and selling your worms.

Grow European night crawlers, the best darn bait worm on the planet.

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