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Author: Bamidele Onibalusi Page 1 of 6
Bamidele Onibalusi is a blogger and entrepreneur. He runs this blog, owns popular writing blog Writers in Charge, and has been featured in several publications including Forbes, The Huffington Post and Digital Journal among others.
In the short time I’ve been a fish farmer, I’ve interacted with dozens of people and I’ve seen numerous fish farms; a lot of these fish farms are unique, and their approach are sometimes different from mine. That’s a good thing.
However, I believe that there are rules that are essential when building a catfish farming business.
By principle, I rarely venture into businesses that do not have a high profit margin; I’m talking at least 50% or more within 6 months to 1 year, depending on how big my investment is.
Whenever new business ideas are introduced to me, I make it clear that unless I can have a 100% profit margin within a reasonable period, I won’t get into that business.
I’ve been a commercial catfish farmer for over a year now, and it is one highly profitable business; having a 50% profit margin within a span of 6 months is normal, if you do things right, and having a profit margin of 150%+ within this same period is not unusual.
This article is part of the series on how to start a catfish farming business.
We already covered preparing your catfish pond and stocking your pond, but today’s article will be about how to feed your fishes.
One of the things my teacher emphasized to me when he was teaching me was the importance of quality feed for your fishes; according to him, good feed is there on the same level with quality water, and it is often what determines the profitability of a farmer.
If you run a business and are not familiar with Zig Ziglar, he’s someone you should pay attention to.
Zig Ziglar is perhaps most renowned for his saying that “You can have everything in life that you want if you just give enough other people what they want“, which reveals perhaps the ultimate key to success in business, but there’s a whole lot more from where that came from.
I recently published an article here titled “10 Business Rules You Should Live By“.
The article was well-received, and I believe the principles outlined in that article should not be ignored by any business.
As a result, I have turned the article into a short ebook that you can download, read at your convenience without having to visit this site and that you can print and have nearby always.
Just click on the download link below; you’ll need to enter your email address to download the ebook.
[OptinLink id=2] DOWNLOAD NOW! [/OptinLink]
Thanks!
Bamidele
This article is part of the series on how to start a catfish farming business.
A while back, I wrote about how to prepare your catfish pond for stocking; today’s article will be giving you the necessary information for stocking your pond.
Success in most businesses, especially online, rely on selling, and your success is often limited by how well you can market yourself.
A marketing principle most business owners today are not familiar with is “the rule of 7“.
In marketing, the rule of 7 assumes that your prospects need to come across your offer at least 7 times before they will take action or purchase what you’re selling.
Many new businesses are getting online, and businesses that have been online for long are starting to realize that things aren’t as they used to be; some techniques that used to be effective 4 – 5 years ago are completely dead, while some have significantly reduced in value that it won’t be worth it to use them again.
However, some techniques are still very effective, if not more effective, as long as you go about using them the right way.
If you own an online business and want revenue growth, you’ll ignore the following customer attraction techniques at your own peril.
There are several principles for being wealthy, and studying wealthy people will reveal lots of “success ingredients”.
However, to what extent exactly does giving correlate with wealth?