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"Beekeeping Business": How to Get Started

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The honey bee is a valuable commodity with many business model options. With honey and beeswax as the obvious product, you can also sell bees in bulk, rear queen bees for other farms, and even rent your bees for pollination. With a relatively low startup investment compared to other agricultural business, beekeeping business can generate enormous earning when managed correctly.

Not only it's a profitable business, beekeeping is a fun animal husbandry business with a lot of excitements not found in other industries.

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Interested in learning more of, and maybe start this business?
Then here are some considerations to help get you started.

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1. Startup Investment
If you plan to start at a very small scale, you can start with below $5,000 for essential equipment. Equipment like beehives itself, your safety equipment such as veil, bee smoker, and hive tools, and extracting equipment. If you live in an area where winters are harsh, you will also need special wintering equipment like insulations and in extreme cases, heaters.

2. Licenses and Permit
If you plan to start your beekeeping in a residential area, which is possible if you provide enough protections, you will need special zoning permit from your local government. Other licenses and permits might also be necessary, so make sure you gather enough information from your local government before you get started.

3. Get your Resources
Join local beekeeping associations or clubs if there're any. Many informational resources are available both offline and online. Knowledge and experience are necessary for animal husbandry business, as mismanagement can lead to a mass death that equals enormous monetary loss, so make sure you invest enough time (and money) to get your homework done. If possible, you can learn from an established beekeepers by doing an apprenticeship or internship.

4. Business Model
As mentioned before, there are several monetizing options you can get from your bee colonies. You can sell honey and beeswax, you can rent your bees for pollination, or sell packages of bees and queen bees. You can also do a combination of all when possible, but you must first research for a potential market. Selling a packaged honey might generate the most profit, but you must invest more on packaging and manufacturing, as well as registering your product to the department of health.

Earning Potential

A bee hive can generate roughly $75 a year from honey alone, and an efficient one manned operation can manage around 200 hives. Assuming you lead a team of five efficiently, you can manage 1000 hives generating $75,000 annually. If you add revenues from other business models like renting your hive for commercial pollination, you can generate more. Bees are especially useful for almond pollinating, and if you can partner up with almond farmers, you can get a lot of business.

Be warned though that operational expenses can be very high when not managed correctly, so make sure you manage your labor costs, nutritional costs, and equipment costs carefully. The earning potential might be very high, but it will be of no use if the expense is greater than the revenue.