How Lucrative is the Honey Business?! ($500 Startup)
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- เผยแพร่เมื่อ 19 ก.ค. 2024
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James Hartman brought a hobby and $500 together to start a full-scale honey farm business. Having worked in a completely different industry, James was running the business as a side hustle until he was laid off from his full time job. What’s really impressive though is James considers himself to be an “accidental farmer.”
James was first introduced to beekeeping by his friend in the Spring of 2020. When he developed PTSD and a mild traumatic brain injury from his time working at the bomb squad in the military, James turned to beekeeping as a form of agro-therapy for his health. As he really dove into it though, he realized it could be turned into so much more.
In this episode, we take a detailed look into the process of a successful honey farm, discover the free money nearly every entrepreneur misses out on, and learn the unusual marketing strategy to boost your sales.
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Resources:
www.upflip.com/academy - Start, Build, or Grow Your Business
secretgardenbees.com/- Find Out More About James Hartman’s Honey Business
Timestamps:
00:00 - START
00:40 - How it all started
02:09 - Initial investment
02:30 - Revenue
03:45 - Going full time
04:26 - Monthly overhead
05:10 - Sourcing bees
06:02 - Setup and equipment
07:29 - Hive box
08:16 - Building a hive
09:56 - Fan blitz
11:34 - What he’d do differently
12:31 - Biggest mistakes
13:25 - Headquarters
15:56 - Equipment walkthrough
17:01 - Packing demo
18:06 - Importance of packaging
18:57 - Retail vs Wholesale
20:17 - Wholesaling
22:05 - Hiring employees
23:41 - Important lessons
25:04 - Outro
#beekeeping #honey #bees
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Could someone please explain what I am missing? Early in the video it was stated that they are @ $250,000 in revenue just six months into this year. The price per pound of honey on the high side is $20 and one hive averages around 80lbs of honey per year. The owner has 62 hives which translates to just shy of $100,000 in revenue for an entire year. I watched the entire video and I cannot figure out what I am missing.
Let me know when you've figured it out. Beats me too.
Honey, beeswax, bee pollen, propolis and royal jelly all the products from beekeeping. The gentleman also sells eggs from what I saw earlier.
Yeah, I think that is misleading in the title and I never heard 41k per month mentioned in the video and don't think it's anywhere near possible with just 62 hives.
I'm at about the same number of hives and I'm nowhere near even the $150,000.
Granted I'm still scaling so just because I have around 60-70 hives, doesn't mean they're all production hives yet. (Meaning not all hives are bringing in excess Honey yet).
Location plays a lot too. I might get 50-60 pounds per hive average on a decent year.
This year was horrible for Honey production and I'm only getting around 400-500 pounds total (still processing the Honey at the moment).
There are other ways to make money in beekeeping as someone below already mentioned.
You can sell Pollen, wax, propolis, royal jelly and even bees. (Queens, package bees and Nucs (nucleus colonies), as well as pollination services.
I sell a few Nucs but I think I might hold off until I scale larger because I'm only selling around $2,000-$4,000 in bees per year when I could be putting those bees to work and grow my apiary. I'm still growing it, but just not as fast because of selling some of the bees off. There is good money in selling bees, but it's a lot easier to do when you've already hit your target number. Because at that point, every new colony made is excess and can be sold off without slowing down the business plan.
The quicker you can get to a larger number of colonies, the quicker you're making better money.
I did decide to stay steady this year though because last year I took a beating just trying to keep up.
I went up to 75 colonies and wasn't ready for it. I didn't have my boxes built so I was constantly playing catch up through out the year.
I also work a full time job (I just can't afford to quit no matter how much better it would help me run my bee business). I need to get to where I want to be first before I can quit.
Trying to work full time and sell Honey any time I wasn't working, as well as building equipment, really took a toll on me. So 2024 was a year to hold steady and catch my balance so to speak.
I'll plan to grow to 100-125 colonies next year.
In my opinion, I won't be looking at decent money until I get to around 200-300 colonies.
@@TexasBeekeeper I think the grants and the line of funding through on the job training adds direct cash back into the business as well.
@@colinaamot Great point!
Holy smokes I had no idea about Government Surplus? I am a Veteran looking to start a farm business and just about fell out of my chair! LETS GO USA!
This is INSANE.
Y’all don’t listen he said he has contracts with grocery stores for his product. The one store he said he went from 60 to 160 stores, blah blah blah blah blah blah these contracts pay in a lot of cases upfront and you can say he’s making the money if he has a contract You can’t look at how many hives he has and how much he’s making a year right now he may be anticipating having more hives. You know he’s giving you figures right now with the amount of product he’s making right now, but that doesn’t mean he’s not gonna upscale quit bashing people.
Another great video from UpFlip! Thank you!
Love this episode! Even more, I love to see my fellow Veterans succeeding in the Civ Div. Semper Fi
i enjoyed this episode and watched all of it.
That man is well equipped for this business and fast at rectifying business mistakes and miscalculations a great business man.
I’ve tried for 4 years to start a bee hive. Unfortunately I have not had success. It’s sad and each year is a new problem. Hopefully this year my bees will make it. Research research research. In the end though sometime that hasn’t been enough.
I enjoyed watching this wonderful movie and welcome you to the Kingdom of Saudi Arabia. Thank you to the photography team and my beekeeping friends. It is truly worth admiring and sharing
To mitigate winter losses theres a grant you can get for a hoophouse/greenhouse, leave the hoops up all year and throw poly over the hives when temps start to drop.
I really needed this video now, thank you.
Glad the video came at the right time for you. 🙌
thank you for this great video, your guest was great
Thank you so much for the love! Our guest was indeed fantastic-huge shoutout to him for sharing his insights and experiences! 🙌
Great chanel and content 🎉🎉🎉
This is one of the best videos by far love this entrepreneur
This guy is amazing Thanks UpFlip!
Happy to bring in more guests like Jim! 🙌
@@UpFlip what is the name of the government program that he bought his equipment through?
Sweet video!
Thanks for watching and supporting our channel! ☺️
Great video.
i loved this video!!!
Its one of our favorites ;)
Very cool!
everyone's a bee farmer until they get stung 100 times in the nuts lol
🐝I started in 2020 as well but due to where I live selling honey has proven difficult. Thanks for sharing
Maybe consider exploring online platforms, farmers' markets, or local collaborations to get your product out there. Wishing you all the best in your journey! 🍯🐝
This episode was so helpful! I have questions specifically about that $20k honey pour set-up. I hand pour fudge and my neck and shoulders are killing me. Can the honey stay in there for a long time? Do you think chocolate sauce could work in that? I have to bring it up to a boil but then maybe pour it into that to keep the right temp. This is the main thing stopping me from scaling my biz. Thank you for sharing so much already!
Thrilled to hear the episode was helpful for you! Have you considered consulting with a equipment specialist or maybe testing it out on a smaller scale first? Keep pushing forward with your biz-you've got this! 💪
It the buzzing sound that smooth your mental mind. Just likr water fall and rain drop smooth you into sleep mode.
Listening to these natural sounds can be a game-changer for relaxation and sleep! 🙏
men this guy knows what he is doing. Thanks Upflip!
Government handouts. Professional bullshitter. Wow he milks his ptds
@@calebdebele1223 he's a welfare queen hiding behind military service
Great therapy idea. 🙂
Working with bees can be surprisingly therapeutic. 🐝
Sharp business owner and he builds quality it would be a good mentor. He reminds me of Paul Akers and his 2 second Lean
Great video. Great guy and company too.
Thanks for watching and supporting our channel! ☺️
IDK I havent watched this yet but I was driving around in the hills near me in SoCal and came across a honey farm on google maps... Did some research and they do $2M a year. Not bad for a small biz honey farm!
How many hives they have To make that much money ?
No Honey…No Money….love this!!!!
Definitely catchy! 🙌
ALWAYS a leap of faith.
Taking on anything new, whether it's starting a business, pursuing a passion, or even beekeeping, is always a leap of faith. 🔥
I’ve bee in my car once hidden in my door panel and the buzzing sound annoys the hell out of me 😂😂😂
Now THAT is what i call bootstrapping. This guy is a real G!
When you start from scratch and build your way up, that's next-level hustling. 🔥
@UpFlip hiding behind your military service. He doesn't have ptds. He's a con man that the tax payers paid for it.
@@zaxlee01 he's a professional bs
This guy rocks.
To get into big grocery stores was it your premium product or lower price? When you state 40% margin are you stating net proceeds? Are you surrounded by agricultural land and if so, does their pest control negatively affect your bees? I am surrounded by working land; a big dairy to the west, corn, sugar beets, mint and wheat. Does their programs of agricultural land use make bee keeping harder or easier?
Appreciate the questions! To answer the first one, getting into big grocery stores usually depends on a combination of factors like the quality of your product, pricing strategy, and sometimes relationships with buyers.
@@UpFlip For me I worked for the grocery company so I have business contacts when my production is high enough.
Bro is the real beekeeper 😂
A legend 🙌
creating merchandise such as t-shirts and candy made from honey. Additionally, offering pre-made iced honey tea could significantly boost profits. Documenting the entire process through a TH-cam channel could also help build credibility and attract a following.
The Beekeeper!!! Watch it 9/10
Thanks for the awesome reco! 😉
All of these grants and such should truly be more clear and presented to the public !
Love the movie The Beekeeper 🙂
yo upflip!
just an observation…
when showing us the honey removal equipment, your man was sweating buckets in there!
if you aint showing us it in action, let the bloke show us then let him out in the fresh air 😂
bless his salt content
get that man some electrolytes 😂😂😂
We'll make sure they've got their electrolytes on standby next time! 😅
@@TheMcJackHardcore photo op. He has employees.
I'm curious on what's defining a "premium product" in this case. Is it the packaging? Doesn't look like he's transporting the bees to the mountains to get sourwood.
did they put a link of how to buy the honey ?
i always wanted to do that
Go for it! Dreams are worth chasing! ✨
Nothing can stop a man who's passionate about his craft
That kind of drive and determination is unstoppable. 🔥
Lots of love from India
Thank you so much! Sending lots of love right back to you from here! 🙌
I am interested in the government surplus equipment, any links?
When I return to America I will do this and find my life
America kind of sucks now. Idk where you are but you can beekeep pretty much anywhere.
Why does America suck?@@digiart7732
@@digiart7732 idk, been pretty awesome for me.
Don't come.
I this I find my peace in life
Here's to finding and nurturing that inner peace every day! 🥂
They make the honey and we make the money
Maybe I’m not understanding correctly.. if harvest is twice a year, how much maintenance/ work is required throughout the year? Sounds like a super busy few weeks out of the year and then chill/ get contracts while bees do their thing? 😅
HUMBLE BEE
What is the name of the program he get the equipments through as a veteran?
Please research it. Everything is on Google.
Any work for a freelance graphic designer / Printer?
Have you been searching in any particular niche or industry?
How does one find this government surplus system?
I am a commercial beekeeper running over 1000 hives. From 60 hives you cannot make honey for 100 stores.
Hi imports or buys honey wholesale and repackages selling as an expensive brand.
When your side business makes what you get paid for the 9 to 5 job that's the time to go full-time self employed.
For sure! But also make sure you have a solid strategy, a financial cushion, and a clear vision for growth to make it work. 💪
@@rw9866 line up for handouts. Pretend you have ptds.
@@UpFlip 100% agree
Freinds bee keeping business failed because of local market saturation and bigger business. My Bro couldn't compete
Saturation and competition from bigger businesses can be tough. Sorry to hear about what happened!
When is the first time he became the bee 🐝 keeper
He started in 2020! ☺️
Can AI robots do this? 😂
Only the future can tell! 😅
62 Hives x $1000 per year per Hive, where are the other $188.000 come from ?
Perhaps queens/nucs $150 a pop.
👍
Hotel business please love from India and more also trucking business entrepreneur video please love from India sir
Yes guest house or bed n breakfast
Thanks for the suggestion! It's right up our list! 🙌
Hell you certainly act funny 😂
yeah but you get stung a lot and become allergic. i have a hive.
It's important to take precautions like wearing protective gear and knowing how to handle bees safely. Stay safe! 🙏
cool im first to comment :)
🥳🎉 Good job! Beat me to it!
Thanks for jumping in early! 🥳
Oh, It's not free money.
Nothing's free! 😅
@djpete8725 bullshit. Free forklift. He didn't pay much
He pretend to have ptds. As a vet shame on you.
Start, build, and grow your business with guidance not guesswork: www.upflip.com/academy
Ummm…. The math ain’t mathin… 🤷🏻♂️
We'd be glad to hear your thoughts about it then! 😉
@@Andi.Mitchell.Designs the guy is a con
@@UpFlip 62 hives, 100 pounds per year per hive, $20 per pound of honey = $124,000
At best, he’s grossing $10,333 a month by the numbers he gave. Where’s that other $30k
I am also a small scale beekeeper. I have a lot of questions about the way this was presented
Wow,the math dosent have to math,he isn't doing anything illegal and he happened to start being a sole proprietorship and that can truly tilt the numbers. Please lets all have compassion for others.
F3.50 for $1000? Tf shits chang