THE SECRETS TO MAKING HUGE PROFITS FROM FISH FARMING

There is a secret to making HUGE profits from fish farming, but it will no longer be a secret by the time you finish with this article.

WHY IS IT THAT SOME MAKE SO MUCH FROM FISHERY BUSINESS WHILE OTHERS MAKE SO MUCH LOSS?

HAVE YOU EVER HEARD SOMEONE SAY FISHERY IS RISKY?
The truth is, What you dont know is the reason for your tears. Sit tight and let me teach you what i know.

The reason you are into Fishery in the first place is to make profit, and the more the profit the better. It means you should try as much as possible to cut down on your expenses and increase your earnings. So that is where we will begin.
EXPENSES
Fish Pond rentage
Remodelling cost and Pond Preparation
Fingerlings
Then comes the almighty expense, THE FEEDING.
And my friend, that is what distinguishes the successful fish farmers from the highly successful fish farmers.

When i started out in the fish farming business, i was so obsessed not just with how to make more profits, but also with raising enviable marketable fishes. I had a good intention, but my method was wrong  Guess what the result was? I DID NOT GAIN MUCH BUT THANK GOD I DID NOT LOOSE EITHER. My mentors believed i had to feed them with imported feeds so they can grow well. They estimated that each fish will consume 200 naira worth of feed before maturity. They said i must feed them thrice a day for the first few weeks and then twice till the time to harvest is ripe. Hence, i poured thousands of naira into the water in the form of pellets and i was not surprised to see the fishes growing well because i knew i did a good job on feeding, until the end of the third month when i ran out of funds. My fishes starved but at the end of the day, i did not loose but i did not make much profit neither.

If i knew better i should have managed my money, and i would have made more profit. The whole essence of fishery business is knowing how to manage your money to reduce your expenses and yet produce big fishes. Do not forget that. Your goal is to;
1. Manage your money well, i.e reduce your expenses
2. Produce very big and healthy fishes

There are various ways to cut feed costs and one is with the use of maggots............We will continue from there next time.