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.
That said, there is a right and wrong way to go about catfish farming.
The fact is that a lot of catfish farmers remain unprofitable because they are doing things the wrong way. I want to put a stop to that.
I’m starting a new series that will be published on this blog over the next few weeks; the series is aimed at helping you start a successful commercial catfish farm with significant profit margins.
This isn’t based on theory, but is based on my experience running a successful commercial fish farm on a 1-acre piece of land in Aloba, Bakatari, Nigeria.
My fish farm is still small, and I’ll gradually be expanding it over the years; my issue now is scaling, and it’s something I’m working on. However, I believe you can still succeed by following my principles on a much smaller or larger scale.
This page will be constantly updated with links to articles in this series as soon as they are published, and my hope is that you are well set to be a successful fish farmer in a few weeks.
So, here’s a quick outline of what will be included in this series; I want to make it a complete series on starting a catfish farming business, and I’ll be adding more topics to this outline, and working on them, as I get more ideas.
So, here are the topics I’ll be covering in this series over time:
Exactly how profitable is catfish farming as a business model, and why is this such a great business idea?
This article dives into data and statistics from the US, the UK and Nigeria, to give you an idea of how big the catfish farming industry is and to let you know why you’ll forever be profitable if you start a catfish business (hint: you can hardly go wrong if your business is centered around food).
This article will be talking about what is required to start a catfish farm; I’ll try to be as specific and practical as possible, so that information provided will be relevant to you irrespective of the projected size of your farm.
What is the right type/size of pond for catfish farming, and how many catfishes should be in an ideal pond?
This articles goes into the several different factors you should consider when stocking your pond.
What types of catfish should you stock in your pond, and what are the factors you should consider when stocking your pond? I address this and more in this article.
Often, the difference between a catfish weighing 400 grams or 2 kg within six months has to do with feeding.
Feed make up, feeding cycle, feed quantity and quality are some of the factors you should consider when feeding your catfishes; in this article, I share how I go about feeding my catfishes to ensure optimal performance.
6. 6 Essential Rules for Catfish Farming Business Success
Do you know that it takes approximately 18 – 24 months to farm and grow catfishes that will reach around 1lb in the US? Do you know that it takes approximately 2 – 3 months to achieve similar results in Nigeria?
While there are a few things different about fish farming depending on what country you are in, there are some universal rules you must NEVER break. They call them “rules” for a reason!
This article shares 6 essential rules you must follow to succeed in the catfish farming business.
I’ll be updating this page with more information about the articles and links to the respective articles as soon as they go live.