The Job Market is Tough…Why Not Make Your Own?
Sunday, January 17th, 2010Have you ever thought about how great it would be to run a business without the politics of most corporations?
Have you ever thought about how successful you could be if you had the “Right” product, but never quite figured out what that product would be?
Have you wanted to buy into a franchise, but don’t have the cash necessary?
As the economy continues to drift, the Worm Business is GREAT! I continually get questions from people wanting to start their own Bait business, so I thought I would share a question and answer session from my forum that I received this afternoon.
Question: My son wants to raise worms for fishing, and possibly even sell them locally as bait. We were given a “glob” of baby red wrigglers by a friend. We have a plastic home made bin with layers set up. It has been going for about 2-3 months now. The worms seem to be happy and healthy. They were very small when we got them and seem to be getting bigger. I am wondering if they will ever be big enough to use as bait, or do we have the wrong worms for bait worms. By the way, cool site, thanks for the advise. I have just been looking around on you site and have learned a ton.
Hi qoeyk,
Thanks for the kind words. Love to hear that you have learned a ton.
Congratulations on your success with your Red Wigglers.
Worms have been very good to me, and they can be very good to you also.
Here are my recommendations:
Red Wigglers are fine for panfish like bluegill and crappie, but they take a LONG time to get big like you would like. You would be much better off raising European Nightcrawlers. They are raised exactly the same way as Red Wigglers, so you already know how to keep them alive. Additionally, they come bait sized….just cup and sell…or you can get them as fat as your little finger with regular grain feeding.
Contact me directly at TheWormDude@Comcast.Net, and we can discuss bait shop prices. What you want to do is buy in bulk, then cup yourself. If you buy cupped bait, you are paying for cupping time, plus paying for a large shipping box full of cupped worms.
Though you can raise the worms yourself, frankly, if you have a steady business, you’ll make more money supplementing your worms with a constant supply. Here’s why….
Worms will take 3-4 months to double in perfect conditions. So, let’s say you have 5 pounds of worms. In 3-4 months, you will have 10 pounds. In 3-4 months, I can sell a thousand pounds of worms. Why would I want to lose sales waiting for my worms to double?
Your son would be extremely happy if his sales were ever that strong, but I’m using myself as an example to drive home the point. If you are ever “Waiting for worms to multiply”, you are probably losing money.