Do you want to start a beekeeping business? If so, find here in this article a detailed business plan guide on starting beekeeping farming with the process, equipment details.
The beekeeping business demands day-to-day monitoring with close supervision to the bees. With the increasing awareness about health, demand for honey is growing globally. Beekeeping for selling honey and other products like wax is a profitable venture to start with less startup investment. You can also provide pollination service to the local farmers who need it.
Beekeeping Business Plan Checklist for Beginners
Here are the most important 10 steps to follow to start a beekeeping business:
1. Do Market Research
Like any other business, it is extremely important to understand the demand for the immediate market. Broadly beekeepers sell honey and beeswax. Do market research of the local market and take feedback from buyers and existing beekeepers.
2. Learn the Skills
While you are dealing with the living creature it is important to have enough skills that allow you to manage bees daily basis with proper care even in a crisis moment. You need to get knowledge about how to attract a swarm of bees to your hive, how they feed them, how to harvest honey and other bee products, how to avoid bee diseases etc.
Get in touch with nearby professional beekeeper associations and try to learn the trade. Information regarding common diseases associated with bee farming, the number of existing beehives and their locations, the kind of honey produced locally, etc will be of great help for you in starting and running a beekeeping business. Practical training is extremely important to start this business.
3. Create a Business Plan
In starting a beekeeping business commercially, creating a business plan is very important. You need to determine several factors like costs, expected returns, working capital needed, etc. Determine how many colonies you will start the business. Also, you need to develop a strategic marketing plan for the products and services you want to offer.
Some of the basic topics one must address in the beekeeping business plan document are the following:
- What are the initial and recurring costs?
- Target customers
- Pricing plan
- Profit margins
- How and where to sell?
4. Name Your Business
Selecting a proper name is critical to the long-term success of any business. It is true for beekeeping also. A catchy and relatable name of your business not only brings in more customers but also adds to the brand personality.
5. Register your Business
Register your beekeeping business under an appropriate business structure that suits you best. It is advised to talk to a professional and decide. Every state and country provides various options for registering a company. For example, if you are living in the United States, forming an LLC will offer you certain extra benefits.
6. Licenses & Permits for Beekeeping Business
Many states have certain regulations that monitor bee farming. Talk to the local agricultural department or competent authorities to learn more about the licenses and permits required.
7. Calculate the Cost of Starting Beekeeping Business
The major cost factor in producing bees is the land. The larger the land you have, the more profit you can earn in this business. Other than land, the other main costs involved in the beekeeping business are marketing costs, legal costs, production costs, insurance expenses, and manpower costs.
On average the cost of starting a beekeeping business in the United States with two hives will cost you a minimum of $1000 excluding land investment.
8. Equipment for Beekeeping Business
Major equipment for the beekeeping business is a hive and a wooden box to keep the bees. Concentrate on size. Using the right size will give you the right production of honey. In purchasing beehives it is recommended to get one that has had bees into it for at least one year with a good laying queen bee.
Also, you need to procure bees. To get bees you can buy a swarm or you can buy a ready-made colony from the reputed beekeepers. You also need to have a veil, hive tool, clothing, gloves, and bee smoker.
To harvest honey you need to have a blower, brush, and honey extractor. You can purchase the material from the local market or from online vendors.
Some of the important equipment and tools for beekeeping are listed below:
- Bee Hives
- Veils and Gloves
- Frames and foundations made of wood and plastic
- Hive tools
- Bee smokers
- Beekeeper’s boots
- Bee brush
- Honey extractor
- Bee queen catcher
- Bee suits
- Bee shoes
- Essential oils and sugar
9. How Much Profit You Can Make in Beekeeping Business?
The income projection in the beekeeping business is not easy. It depends on a lot of factors. Some of them are the type of products offered, the magnitude of the area you are catering to, the weather factor, the price competition, and the purchasing capacity of the region you live in.
However, for an approximate estimate, it is generally seen, existing beekeeping business owners made around $1,000,00 catering to 1000 colonies.
10. Get Clients for Beekeeping Business
You can sell honey directly from your farm. Have a business contract with medicine and retail shop owners to sell the raw honey. Honey processing organizations are also your clients. Contact with them. Register your product with online portals that sell honey and wax items.
Create a website. Offer an online order system there. Establish a relationship with local agriculture and farming cooperatives. Establish a business relationship with the fertilizer shops in your area. You can get the client for pollination from them. Contact with the cosmetic industry owners to sell bee wax to them.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.