I have been vermicomposting for about 3 or 4 years now but I am finally getting serious about it. I have been reading articles about how others are making money with their worms and a few of their ideas seem feasible for me. I am going to use this post as a sort of brainstorming and streaming thoughts about the different ways people use worms to make them money and go through some of the things I can do right now to start generating some income.
The ways worms are used is as a food source for other animals like birds, reptiles or fish, as bait, as a organic waste disposal system, and as a source of worm castings. I am using them right now as a waste disposal and as a gardening amendment. I have a large source that taking out a dozen or so here and there, to go fishing, is not going to be damaging to my worm herd. I also just ordered 2000 worms that arrived in the mail about 4 or 5 days ago. I don't know how fast they are going to start producing a significant supply of castings but I suspect that a healthy diet consisting of some fresh or not yet fully composted organic material should help grow my population rapidly. The larger population should also help give me more castings.
Since I want to make money with worms I need to decide on a method and focus on building a steady cashflow. Then I can start focusing on other things. First thing That makes sense to me is to grow my population large enough to have castings to keep my garden beds fed. Actually, I could sell worms that I get from a wholesaler, enough to get another couple thousand worms for myself and a few others. The idea is to get enough worms sold to allow me to make a large bulk purchase and sell all the worms except a small portion I keep for myself which would be paid for through the profit margin I get from buying bulk.
Another idea I read about was dropshipping worms. I may be able to do that but it seems like a lot of work to set up a website and promote it against the already established sites. Maybe there is another less expensive/ time consuming way to advertise worms for sale, but I don't have a good idea for that just yet. I guess I could start using free ad sites and see what kind of results I get. I need a plan to get the worms sold before I make a large purchase. There are other plans I have for selling worms to specialty gardening shops. There are more and more folks getting into organic gardening these days and worm kits with worms may sell well at a garden shop. Maybe I'll open a specialty compost shop. The Dirty Worm, gets the job done!
There are tons of possibilities. I will just keep on growing the herd while I continue to work on a good marketing plan that doesn't require me to spend money. That is going to require me to spend what I got, time! Now it's time to go over to The Worm Farm Blog and do some more work there.
One more thing, I actually enjoy the process of growing, or shall I say "farming", my worms. I think about them all day and I talk about them to people who don't even care about them. I check on them over and over all day long too. This is a hobby that I will enjoy profiting from.