With many people looking for ways to increase their income these days, starting a home-based business is an attractive option. There are several major hurdles to clear before you can start earning any money from a new enterprise, not the least of which is funding. Many new businesses need a huge injection of capital before any return can be realised and this factor alone prevents many from getting off the ground. An aquaponics business is the exception.
Unlike most other types of business, setting up an aquaponics farm does not cost hundreds of thousands of dollars. While the actual set-up cost obviously varies depending on the size of the system, experts claim that most investors can expect to see a return in a relatively short period of time. Some claim it is possible to have the whole system paid off in a twelve month period.
Aquaponic farming combines aquaculture and hydroponics. Fish are kept in a tank and the water from the tank is pumped through the plants and back into the tank, in a continuous process. Aquarium water is rich in nutrients because of the waste products expelled by the fish and it is these nutrients that the plants take up and use to grow. The water that is returned to the fish tank has been purified by the plants; this keeps the tank water clean and healthy for the fish.
The types of plants that are grown in an aquaponics farm are generally herbs and vegetables. Because they are not treated with fertilizers and the usual garden chemicals, they are considered to be organic produce. The fish you buy to stock your tanks can be eating varieties and this gives you another product to sell. Both the fish and the vegetables grow at the same time, using the same system. Organic produce attracts a premium price at point of sale and is keenly sought by consumers.
The main advantages of starting an aquaponics farm as a business include the low start-up costs, low production costs and the ease with which the system can be managed. You don’t need to rent or buy any space to carry out your business as you can use space in your own yard, garage or other parts of your home. Organic produce is becoming a popular product, especially at farmers’ markets and other local events, so selling your product should be quite easy.
If you are looking for ways to bring in extra money or you want to start your own business, take a close look at how to start your own aquaponics business. You don’t need to be a gardener and you don’t need any specialised skills to succeed in this type of enterprise.