Succulents plants come in all shapes and sizes. Some can be easily acquired while some are very rare and can get pretty costly. Therefore, succulent plants hobbies range from cheap to expensive. However, like anything else, this passion can be turned into a lucrative business with the right strategy, attitude, and know-how.
Here are some ideas on how you can turn your succulent plants hobby into a profitable business:
1. Create a Plant Nursery
A handful of succulent plants can be propagated with ease. They normally multiply via seeds, cuttings, and offsets. Seeds and offsets can be directly planted on potting soil. For cuttings, just allow them to develop roots before planting.
With little care, these can develop into full-grown plants than can be used again to propagate more succulents for a multiplier effect. It should be noted though that Mutant succulent plants like the Moon Cactus require a special process to grow but it’s not really rocket science if you know the basics, which we discussed earlier. In the end, these can be sold for a profit.
2. Make Customized Plant Arrangements
Elevating the visuals of your products can immensely affect their value. With that, you can combine different succulents into a special arrangement to create a posh gift or décor for special occasions like weddings, birthdays, and other important events. You’ll be surprised as to how much people would be willing to pay for your customized succulent plant arrangements given the right recipe and combined with some artistic touches.
3. Set Up an Online Store
Online stores or e-commerce shops like Cal Farms have revolutionized our way of doing business. These have been proven to provide the utmost convenience at any given time that’s why many people have shifted to them in the onslaught of the COVID-19 pandemic.
Aside from the convenience, having an online store will allow your business to have more visibility and reach with your potential clients. The direct-to-consumer setup also eliminates the involvement of middlemen who can add more to your operational expenses.
Overall, e-commerce will give you more control over your business. Eventually, this will let you offer better prices to your customers and will let your succulent plants venture to be more competitive in the market.
4. Generate and Sell Carbon Credits
The carbon market has been in existence for over a decade. However, only a few know how to take advantage of its presence. If you happen to have a huge plot of land for your succulent farming, you might be eligible to earn carbon credits, which you can sell in the emissions trading market. In addition to your earnings, this will also let you take an active part in the greenhouse gas reduction efforts of the government.
To do this, simply measure the amount of greenhouse emissions your business produces for 12 months. Then, create a plan detailing your carbon offsetting solutions. Have your data validated by certificate providers from either public or private organizations. From there, enter into a license agreement with a company that needs carbon offsetting, which will then pay you for it.
There are definitely many ways to earn from your succulent plants hobby in addition to the ones mentioned here. But we do hope that these tips will at least help you get an idea of where to start on your road to success.