Fish Farming Business 101 (Part 1)
Catfish farming is lucrative business entrepreneurs have found as a better source of income and have strived to widen it to accommodate many kinds of fish species.
Among all the fish species, the most popular and commonly sought after is the catfish followed by tilapia. Catfish is been rated as the sixth most popular fish and seafood consumed in most countries today.
Catfish farming is chosen over others because it is one of the most suitable fishes that do well and is easier to farm considering the climate and weather even in warm climates. Again, their foods are inexpensive and can be gotten from local grocers.
Catfish farming business involves breeding of fingerlings to table-size fishes, creating awareness for them and selling them to make profits. Notwithstanding, many people wish to venture into catfish farming but don’t know where and how to start it.
Here are the helpful tips on how to start up catfish farming.
1. Know the Requirements
Starting catfish farming business is good but is far better when you know the primary and essential things required for the success of the farming operation.
Catfish farming is a flexible agricultural-based business but it needs adequate attention and knowledge, so the initial thing you have to do when this business pops up in your mind is how to get the best training on catfish farming so that you wouldn’t do things the wrong way.
Having essential knowledge of catfish farming requires that you know the species of catfish, how they survive, the best facilities to raise them, food suitable for them at every stage, target markets, sales strategies and related other important things.
2. Research your Target Market
First of all, you have to know how many catfish farmers that you have around the vicinity and the demand for catfish over there.
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Try and meet hotels and restaurants that might need constant supplies of catfishes before concluding on which to embark on.
Since the basic aim of venturing into such a business is to make money, you have to make efforts in knowing what your target markets need which is a point of paramount significance.
Check the customer base and the competitors that you are going to face. Learn whom they sell to and how they sell to their potential customers so as to put them in action when you must have established your own catfish farm.