Creative Ways to Make Money from Fish Farming (Catfish, Tilapia)
a fish farm to be very profitable or yield more profit than usual
depends on the following: cost of production, target market and proper
Cost of production: the
cost of production as pertaining to fish farm involves the cost of
pond creation, cost of fish stock and the cost of fish feeds. Many
entrepreneurs are usually carried away with how to make massive
margins from fish farming without first considering how to effectively
reduce the cost of production to attain surplus profit.
Cost of pond creation: depending
on the budgeted capital, one could still start small and still make
huge profits. By using the plastic ponds before graduating into the
concrete or earthen ponds which is more expensive, by so doing reduces
cost and adding to profit.
Volume of fish stock: most
people are with the impression that the more fishes you have in the
pond the more money you can make. But this is not totally true as one
can encounter a diminishing return which can affect profit margin
totally. Thus, it’s advisable to stock a moderate amount of fishes
bearing in mind quality not quantity as the size of a fish is very
crucial in the market because it attracts more buyers which will add
more to profit.
Cost of fish feed: this is
the highest cost component as it can constitute up to 60percent of
production cost, be sure to have enough capital to meet up to the
feeding needs of your fish stock because fish could literally eat your
pocket dry. So start small and grow big, ensure that the volume of
your fish stock is lesser equivalent to your budgeted capital so you
don’t spend all your money on feed alone. Only stock huge volume if
you have robust capital and a ready market to sell them off when they
are ready to be sold.
Target market: one of
the mistakes fish-farmers make is to start looking for a market when
the fishes are market-ready not knowing that the longer the fishes
stays in the pond the more the cost of feeding Incurred.
Thus, it’s advisable to have a target market already before
the fishes have grown enough to be sold. The goal of every fish farmer
is to be able to make huge profit despite the competitive market, and
for this to be achieved especially for a small scale fish-farmer, it
is imperative to avoid “middle man”. Most middle men buy in very
large quantity which is catchy for most fish-farmers but at the end
this small scale farmer still make lesser profits. Reason is that the
middle man buys at cheaper prices and sells to the retailers or direct
consumer at high prices; so imagine the profit to be made if that
middle man wasn’t involve in the business. However, a good way to
make more profit from a fish-farm is to have your own target market.
Using this strategy you can sell at retail price which is far higher
in profit generation than selling to a middle man and still keep all
the profit the middle man could have made. The negative side of this
strategy is that you get to sell a volume at a time which is rather
slow, but its more better when
you start having a consistent customer and before you know it, you
will be having your own market which will ultimately lead to your
business expansion in the long-run.
By successfully getting a target-market of your own will
increase profit tremendously and reduce cost of running your business
drastically. Hotels, eateries, restaurants and household have proved
better targets, the price of your fish must be competitive and size of
your fishes is a quality to look out for because the above targeted
market will remain loyal as long as supply of fishes with attractive
size and volume is constant.
Fish processing: another
creative way to make more money from fish-farming is to diversity by
improving the value of your fish through processing. Thus, from mainly
selling out fresh fishes to drying some (smoking). Smoked fish also
have a high demand in the market and its price is higher than the
normal fresh tilapia and catfish and can be stored for a very long
time. Smoking the catfish or the tilapia fish with the right packaging
will create a breakthrough in the market as its preferred to fresh
fish when preparing some delicacy.
Proper management: one of the creative ways to bring in more money in
fish-farm is through proper management; it is one of the key factors
to consider when invested in fish-pond because without proper
management set in place, losses will be inevitable. Thus, the
following are considered;
Water quality: water
quality is one of the most important factor to be considered when
running a fish pond, as it affects the fish in different ways which
include; survival, growth and reproduction. Feed isn’t the only
component for the growth of a fish; the aquatic environment, water
quality and even the climate are also important factors. Different
fish species have different water quality aspect, ranging from the
temperature, concentration, salinity, ph, oxygen to hardness, e.tc
within which they can survive, grow and reproduce. Within
this range of water quality, every fish has its own optimum level
which it performs best, reproduce and grow fast. Therefore it’s the
duty of the fish-farmer to check all this and make sure the catfish
and the tilapia fish is enclosed in the most suitable aqua-environment
Mortality: mortality of fish stocks in catfish and tilapia
fish is no exception when fish-farming is mentioned. Despite the goal
is to make profit, if the fishes continues to die, the volume
continues to reduce then there will be no profit to be made.
of catfish and tilapia fish mortality:
Feed induced mortality: mortality in this sense are caused as a result of
over feeding, contaminated floating feed, deficiency in feed
Pollution induced mortality: catfish and tilapia fish pond can be polluted by
several pollutants such as; feed waste pollution, pollution from
flood, toxin pollution. Other causes of mortality in catfish and
tilapia fish include:
Digestive stress: this mainly occurs in catfish just recovering from
sickness. However, it is advisable to reduce their feed intake and
increase them again as they recover by then they would have the energy
to digest faster without stress.
Transfer fatigue: this occurs when the fish stock is been transferred
from one pond to the other regularly and feeding them immediately. By
doing so continuously can lead to mortality. Therefore, it’s advised
to allow the fish to relax a little and get use to the water
surrounding before feeding them again.
the same vein, the matured ones should be removed and put in a
separate tank before adding a fingerling or juveniles to avoid the
bigger ones eating the newbie.
in summary proper management requires identifying the possible
endangerments to the fish stock and avoiding it or preparedness
against it so as to reduce the cost of management effectively and
increase profit inputs relatively.
conclusion, the most effect ways to make more money from fish farm is
to have an activity in the pond from the fingering level to harvesting
at least monthly for higher income.
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