Latest / Masterminds Podcast / How to Make Money in Poultry Without Owning a Single Bird || Masterminds Podcast EP97

Transcript

How to Make Money in Poultry Without Owning a Single Bird || Masterminds Podcast EP97 · Masterminds Podcast

• 0:00
  SPEAKER_00: Before we go into the conversation, I wanted to take time to thank you.
• 0:04
  SPEAKER_00: Thank you for all the support up until now, and thank you for choosing to watch this video.
• 0:10
  SPEAKER_00: And now I have a favor to ask you: hit the subscribe button because joining the community, joining the group of masterminds enables us to be able to keep bringing you more information, quality interviews, and conversations that will help grow you into the mastermind that I know you are destined to be.
• 0:29
  SPEAKER_00: So hit the subscribe button, join the community, and let's grow together.
• 0:33
  SPEAKER_00: So, everyone who says they want to go into poultry means the same thing.
• 0:38
  SPEAKER_00: They want to own birds.
• 0:40
  SPEAKER_00: Now that's one business, but today I'm going to show you 14 different businesses.
• 0:46
  SPEAKER_00: The funny thing is, the one everybody is chasing to get in is the most crowded, the hardest to make money in, and the one with the least control.
• 0:56
  SPEAKER_00: But by the time this episode is over, you will understand all the different ways to get into poultry and how you can fit in.
• 1:04
  SPEAKER_00: So now a chicken passes through many hands before it gets to your plates.
• 1:08
  SPEAKER_00: There's the one who hatches it, there's the one who feeds it, there's the one who grows it, and there's even the one who cooks it.
• 1:14
  SPEAKER_00: So by the time this episode is over, you will know exactly where you fit because there are four different types of people who are looking to start a business or enter this industry.
• 1:24
  SPEAKER_00: There's the person who has nothing yet, then there's the one with small savings, then there's somebody with a steady job who's looking for a side hustle, and there's somebody with a lot of money looking to invest big in the industry.
• 1:37
  SPEAKER_00: So for each business and for each part of the industry, I'll break it down so you know exactly where you fit and how you can begin now.
• 1:46
  SPEAKER_00: The first one is a hatchery.
• 1:49
  SPEAKER_00: Now, every chicken in the world starts in a hatchery.
• 1:53
  SPEAKER_00: So in a hatchery, you buy the machines, you take fertile eggs, you hatch them, and you sell day-old chicks.
• 2:00
  SPEAKER_00: So this is for the person with real money because you need real machines and real infrastructure to do this.
• 2:07
  SPEAKER_00: And it's quite difficult to make sure you are maintaining because everything needs to go perfectly well.
• 2:14
  SPEAKER_00: You know, one power outage, one light off, and you lose a whole batch of chicks.
• 2:20
  SPEAKER_00: There's a lot of money in it, a lot of money comes in with every batch, which is a few weeks apart.
• 2:26
  SPEAKER_00: You make a lot of money per chick because it's a very difficult part of the industry.
• 2:31
  SPEAKER_00: So few people get it right.
• 2:33
  SPEAKER_00: So if you are one of those who get it right, it's very, very profitable.
• 2:37
  SPEAKER_00: But like I said, it's for the person with real money to invest.
• 2:40
  SPEAKER_00: So either you have amassed a lot of money or you have back in from a partner or a loan from the bank or anything that gives you real money to invest.
• 2:50
  SPEAKER_00: Now, if you're looking for a way to enter this, there are skills you can also offer to hatcheries.
• 2:56
  SPEAKER_00: So you can work in a hatchery as a hatchery technician, a chick sexer.
• 3:00
  SPEAKER_00: You can you can be skilled with installing and repairing incubators.
• 3:05
  SPEAKER_00: Yes, so there are different ways in which you can be in a hatchery if you don't have the funds to invest in your own hatchery.
• 3:12
  SPEAKER_00: The second business is a chick delivery.
• 3:14
  SPEAKER_00: Now, the chick delivery is responsible for transporting the day-old chicks from the hatchery to the farms.
• 3:22
  SPEAKER_00: Now, this is a tricky business because you make very little on every chick that is delivered.
• 3:29
  SPEAKER_00: Emphasis on that is delivered.
• 3:31
  SPEAKER_00: So it becomes your cost if any of the chicks aren't delivered safely to the farms because you are paid per chick that you deliver.
• 3:40
  SPEAKER_00: Now, this business, the success of this business is based a lot on trust.
• 3:44
  SPEAKER_00: The hatcheries and the chicks need to trust you that you can deliver the chicks safely.
• 3:50
  SPEAKER_00: So there are many ways you can enter into delivery.
• 3:52
  SPEAKER_00: You can either enter with the skill as a driver or you can decide to own the cars that are used for the transport for the delivery.
• 4:00
  SPEAKER_00: The third business is feed melon.
• 4:03
  SPEAKER_00: Now, this is one business where it costs a lot of money, but you also make a lot of money because the biggest cost in poultry is the feed.
• 4:13
  SPEAKER_00: So you buy the maize, the soya, and other ingredients and mix them into a formula.
• 4:19
  SPEAKER_00: Then you sell to the farmers.
• 4:21
  SPEAKER_00: So how you make your money back is every week the farmers come and buy your feed, which means your money is made back quickly and the and the revenue is also very good.
• 4:33
  SPEAKER_00: However, like I said, it costs a lot to maintain, it costs a lot to even start.
• 4:38
  SPEAKER_00: And one thing is if your formulas aren't done properly and the farmers start to feel like their chickens are getting slow because of your formulas, they will find another feed miller.
• 4:50
  SPEAKER_00: So it's a job that needs to be done well, but once you're able to do it well, you will make a lot of money.
• 4:56
  SPEAKER_00: So it's for the person who has a lot of money already saved up, or you have an investor or a partner.
• 5:03
  SPEAKER_00: A way to just work in this type of business is to offer your skill as a mill operator or a feed formulator.
• 5:09
  SPEAKER_00: Now, the fourth business is poultry house building.
• 5:14
  SPEAKER_00: Now, the poultry house is complicated and needs to be done properly.
• 5:19
  SPEAKER_00: Most farmers are not able to get it right when they build their own poultry houses.
• 5:24
  SPEAKER_00: So, one smart business is to learn the skill of building a poultry house properly and offer that service to farmers.
• 5:32
  SPEAKER_00: So, this is for anybody, you can just get into the business with your mind.
• 5:36
  SPEAKER_00: So you don't need actual savings or money to get into the business.
• 5:40
  SPEAKER_00: You just have to convince the right people that you can do the job and you can become a poultry house builder.
• 5:46
  SPEAKER_00: Now, the most popular one that everybody knows chicken for meat.
• 5:51
  SPEAKER_00: This is the business everybody's chasing when they say I'm going into poultry business.
• 5:55
  SPEAKER_00: So this just means that you buy the day-old chicks and you grow them for six to eight weeks and sell for meat.
• 6:04
  SPEAKER_00: Now, with this one, the money comes back within every two months.
• 6:07
  SPEAKER_00: It's a two-month cycle, and the money that comes in is good.
• 6:11
  SPEAKER_00: However, I can only say it's decent because you are always squeezed by two people on the other side.
• 6:18
  SPEAKER_00: Because you don't control the price of the feed, and you also don't control the price of selling the meat, which means you are being squeezed by the feed millers and being squeezed by those who are buying your fully grown chickens.
• 6:35
  SPEAKER_00: So you don't have much control, and it's also the most crowded part of the industry, but it brings in decent money.
• 6:43
  SPEAKER_00: And for the kind of person who can start this business is for the person with some amount of savings, let's say enough to buy an old used car, or the person who has a side job and is looking for something to invest in.
• 6:55
  SPEAKER_00: The sixth business is contract growing.
• 6:58
  SPEAKER_00: Now, not everybody has the funds to be able to buy the chickens, buy the feed, and be able to do the full poultry farming business.
• 7:06
  SPEAKER_00: So, what happens is you can have a company that is going to buy the chicks, buy the feed, buy the medicine and everything, and even sell the chickens after the eight-week period.
• 7:19
  SPEAKER_00: You are only responsible for growing the chickens within the six to eight week period.
• 7:25
  SPEAKER_00: So all you need is your properly built poultry house, and then the company brings you the chicks, you grow them, and the company pays you for each healthy bed at the end of the six to eight weeks.
• 7:39
  SPEAKER_00: So if you are unable to keep the beds healthy, then you make a loss.
• 7:43
  SPEAKER_00: The downside to this business is unfortunately you are not going to make much profit because there's not much place on each bed.
• 7:51
  SPEAKER_00: But it's a good way to enter into the industry, understand things before you start investing big in buying your own beds and your own feed and dictating your terms a bit more.
• 8:02
  SPEAKER_00: The seventh business is chicken for eggs.
• 8:05
  SPEAKER_00: This is my favorite actually.
• 8:07
  SPEAKER_00: So with this one, you raise layers for four to five months until they start producing.
• 8:14
  SPEAKER_00: So this business is a bit tricky because it's not for the person who doesn't have money, it's for the person who has a lot saved.
• 8:21
  SPEAKER_00: Because for four to five months of investing, four to five months of buying feed, buying medicine, of chickens dying and everything, you are making no money.
• 8:32
  SPEAKER_00: But after five months, the chick the layer, which is healthy, will continue to lay eggs for one year.
• 8:40
  SPEAKER_00: So over the long term, it is very profitable, but it's very difficult to go those five months of operations with no revenue whatsoever.
• 8:51
  SPEAKER_00: So it's for the person who has money down and is serious about going into the poultry farming industry.
• 8:57
  SPEAKER_00: The eighth business is raising chicks for other farmers.
• 9:01
  SPEAKER_00: So most chicks actually die within the first three weeks period.
• 9:07
  SPEAKER_00: So a lot of farmers find it too risky to buy day-old birds because they are afraid they may not be able to see them through the entire six to eight week period or the entire four to five month period.
• 9:20
  SPEAKER_00: So a business which is actually quite profitable and low entry is for you to buy the day-old chicks and raise them for the first three weeks, and then you sell them off to farmers who don't want to take the risk of starting from day one.
• 9:37
  SPEAKER_00: So it's low entry, you just need some savings.
• 9:40
  SPEAKER_00: You just need to be able to build a control room to grow your early day one chicks and then sell them off to other farmers.
• 9:49
  SPEAKER_00: Now, the ninth business in the poultry industry is processing and cold storage.
• 9:55
  SPEAKER_00: So this includes killing, cleaning, dressing the bird, and then keeping the cold.
• 10:00
  SPEAKER_00: This happens to be the weakest part of the industry in Africa.
• 10:05
  SPEAKER_00: So it's a place that investment actually brings you a lot of returns.
• 10:10
  SPEAKER_00: However, it takes a lot of investment.
• 10:12
  SPEAKER_00: The equipment, the man, the manpower, the skill to be able to do this efficiently is difficult, which is why it's weak already.
• 10:21
  SPEAKER_00: Now, it's for the person who has enough money because getting the right machines, doing this at scale can cost you a lot.
• 10:29
  SPEAKER_00: But like I said, it's very, very profitable.
• 10:32
  SPEAKER_00: And here's the catch cold storage is unforgiven.
• 10:37
  SPEAKER_00: Because what happens is that one small malfunction, one small thing going wrong in your cold room, and everything is gone.
• 10:45
  SPEAKER_00: And it's also very expensive to start with the machinery, which means if you have a cold room and only half is full, you are running at a loss.
• 10:54
  SPEAKER_00: You need to be running at full capacity most of the time to really actually make the profit that you are supposed to be making.
• 11:01
  SPEAKER_00: So it's a difficult business, it's an expensive business, but it's also one of the most rewarding in the entire industry.
• 11:08
  SPEAKER_00: Now, the 10th industry, the 10th business in the industry is ready-made chicken products.
• 11:15
  SPEAKER_00: So this is when you turn plain chicken into sausage, smoked chicken, marinated cuts, and packaged gizzards.
• 11:23
  SPEAKER_00: So basically, you take the plain chicken that has been stored and now turn it into ready-to-sell products that people are going to just take to their homes.
• 11:32
  SPEAKER_00: This is very, very profitable because you get to set your own prices.
• 11:37
  SPEAKER_00: You determine your prices based on how you play how you determine your own quality.
• 11:43
  SPEAKER_00: So you can start this as someone with savings.
• 11:46
  SPEAKER_00: You don't need too much money to be able to start this because you buy the quantity you can afford, you package it, and you sell it.
• 11:53
  SPEAKER_00: Now, the extra skill that comes in this area is the ability to brand and package.
• 12:00
  SPEAKER_00: Because we all know when we're going to buy sausage from your convenience store, the packaging makes a very big difference.
• 12:07
  SPEAKER_00: So, with this one, the skill is not just the product, but how you position the product as well, which is why your profits can be really big if you're able to get those parts done properly.
• 12:19
  SPEAKER_00: The 11th way to enter the industry is chicken shops and food outlets.
• 12:24
  SPEAKER_00: You know, now not everybody wants to go buy either the raw chicken or the chicken product and make themselves.
• 12:30
  SPEAKER_00: So a lot of people need to go to the kebab stand or the frozen shop on the corner or the grill or anybody who can make the chicken for people to buy on the go.
• 12:41
  SPEAKER_00: Now, once again, this can also be very profitable based on your added skills.
• 12:47
  SPEAKER_00: Because now this means your cooking skills need to be right, the setup of your place, the kind of people you can attract, the choice of location, because this leaves from the farming industry into the retail and selling service industry.
• 13:04
  SPEAKER_00: So this is for anybody.
• 13:05
  SPEAKER_00: It can either be somebody who's starting with no savings, somebody with some savings put aside, or somebody with a lot of money who wants to set up something very big and commercial.
• 13:16
  SPEAKER_00: So anyone can get into this industry today.
• 13:19
  SPEAKER_00: Now, the 12th business in the industry is egg trading and retail.
• 13:24
  SPEAKER_00: So with egg trading and retail, it is one way to make a lot of money because people are buying eggs on the regular.
• 13:30
  SPEAKER_00: So you can either be on the bulk side, which is taking it straight to the markets, taking it to the supermarkets, or you can do it retail and sell direct to the customers, whichever fits you.
• 13:42
  SPEAKER_00: Because now when you are doing the bulk, that means you have to have enough revenue.
• 13:46
  SPEAKER_00: But it can also happen to be the lowest entry point, it can be the one with almost next to no savings because you can choose the amounts that you are buying and sell it retail.
• 13:57
  SPEAKER_00: So it's low entry, but it can be profitable if you are doing it well and doing it consistently.
• 14:03
  SPEAKER_00: And scaling it is actually quite easy if you have both contacts to the farms and contacts to the buyers.
• 14:11
  SPEAKER_00: The 13th way of getting it in the industry is selling what you know.
• 14:15
  SPEAKER_00: You have to understand that it's a very technical industry.
• 14:18
  SPEAKER_00: Some people entering the industry are just investors, some are just passionate about one particular part.
• 14:24
  SPEAKER_00: So your knowledge and your skills can become very valuable.
• 14:28
  SPEAKER_00: So from vaccinating to setting up farms for people to teaching to setting up and repairing incubators, anything that you can do with your ability and your knowledge that can benefit the other people in the industry is one good way.
• 14:43
  SPEAKER_00: Imagine yourself to be a poultry consultant, find what you're good at and use that service to make money in the industry.
• 14:51
  SPEAKER_00: The 14th and the last business I'm talking about is dropping into fertilizer.
• 14:56
  SPEAKER_00: One of the biggest problems for the poultry farmer is the droppings.
• 15:02
  SPEAKER_00: But that is also gold for the crop farmer.
• 15:05
  SPEAKER_00: So one business is transporting the chicken droppings to the crop farmer as fertilizer.
• 15:14
  SPEAKER_00: It feels like something that should be automatic, but there needs to be businesses that do this.
• 15:19
  SPEAKER_00: It's low entry, you just need some savings to be able to get you a car that can transport it efficiently from one farm to the next.
• 15:28
  SPEAKER_00: The profit is not too much, but it's low entry, so it's easy to enter and scale.
• 15:34
  SPEAKER_00: So now, if you're watching this and maybe you have only a little savings and you are wondering which is the best fit for you, what I would recommend is raising chicks for other farmers because you are taking a risk that other farmers aren't willing to take, offering a valuable service, but it's low entry and you get the experience to enter the industry, build the trust, and then you can start taking up some of the other businesses in the industry.
• 15:59
  SPEAKER_00: I hope with this conversation you fully understood all the opportunities, the many opportunities that there are in poultry farming, so that you can decide how you who are interested can get involved.
• 16:10
  SPEAKER_00: The next time I'll bring you other ways of getting into other industries.
• 16:14
  SPEAKER_00: I hope this conversation has brought you one step closer to being the mastermind.
• 16:18
  SPEAKER_00: You are definitely going to become thank you.
• 16:35
  SPEAKER_00: Don't just watch, don't just listen, and don't just take in what we've said.
• 16:40
  SPEAKER_00: You need to practice everything that I'm trying to teach you into your real life because the journey of becoming a mastermind is not just about knowledge, but it's also about putting it into practice.
• 16:52
  SPEAKER_00: And let's grow the community, let's build a community of masterminds who are ready to shape the world into what we know it should be.
• 17:01
  SPEAKER_00: Of course, share this, like it, and let me know in the comments if there's anything that you want me to talk about, if there's any guests that you want me to have a conversation with so we grow together.