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Thread: Koi family business start up
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20-10-2018, 10:26 PM #21"The information's out there,
You only have to let it in." (Jesse Stone)
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20-10-2018, 10:29 PM #22
I'm not sure why you are being so combative in response to people showing an interest in your thread.
You write as if you know everything and everyone in the UK koi world, and yet your posts give some of us concern for your business enterprise. We are trying to help you avoid a huge mistake and financial loss. But if you are convinced you have the experience you need and think you know what all the risks and pitfalls are, then go for it. I hope you get the outcome you deserve.2016 new 6000 gallon pond
https://www.koiforum.uk/pond-construc...ghlight=feline
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20-10-2018, 10:48 PM #23
to be honest it comes across as a complete slap down to me just completely negative towards any positive thoughts/ambitions I have..
I dont know everything and never claimed too.
I only know how to look after koi.
I regret putting this post up and wish for it to be taken down.. and question being on this group..
ive sent a message to my local koi club to join up.. not that it matters..
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20-10-2018, 11:22 PM #24
Why? Cause you haven’t had the answers your looking for?
Fella..not often I see eye to eye with Feline but in this instance I make her and DHR right. However, everyone has to start somewhere eh and now wrong with having a dream providing you go into it with your eyes open and are aware of the pitfalls.
I’ve worked for myself for 35 years and currently run 2 businesses. Neither of them will make me a millionaire but I do ok. This week I’ve worked until 11.30pm every night...it ain’t easy being your own boss and dealing with the general public can be a nightmare. (Luckily, only one of my business’s has to do this).
HMRC/tax/vat/accountants/suppliers/advertising/product/premises/insurance/import duty/shipping...the list goes on. All things you’ll have to deal with.
If it was easy, everyone would do it lol.
Is there enough of a local market?
Would you sell dry goods?
There’s definitely money in Koi and the associated products and I’ve certainly spoken to a few “dealers” that in reality know less than me about everything barring the fish and I wouldn’t buy anything from them even if I were using someone else’s cash however. I can think of 3 that I’d use without hesitation and they all have countless years of experience in the trade along with the expert knowledge of the fish too.
Live the dream chap but take on board the good advice you’ve been given with a bit of humility cause at the moment you’re coming across as a bit arrogant, which you’re probably not I hope but that’s how your posting style makes you look.
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freddyboy, walsalldave Thanked / Liked this Post
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22-10-2018, 04:59 PM #25
I do not run a Koi business but I do run other businesses. I think you answered your own questions quite early on. You described the area as having poverty issues. Buying and keeping Koi is quite an expensive hobby. Less likely to work in a non affluent area. This is indicated by other business (in your posts) selling Koi also having problems. This is not indicative of high demand.
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24-10-2018, 11:21 PM #26
My take;
In terms of becoming a Koi Dealer,
there isnt any way any small dealers can compete with the wholesale dry goods prices the big players get - so that market and the income from it is pretty much closed.
fish sales, with maybe £50k capital spent you can set up tanks. pet shop license and you are away. Sourcing the right fish at the right price needs considerable skill but can be done. If you have the skills to look after koi and the ability to build a client base then there is potentially some income to be made / but there are risks. the last 3 or 4 years and everyone seems to have started to become koi dealers so the market is competitive.
Breeding; If only it were easy. The UK market is pretty competitive and this will only increase as Adam expands. ; there is room particularly with the prices of quality fish from japan but to gain success you need to produce fish of reasonable quality. There is a flood of low quality fry available and these do nothing but depress prices for something a little better at Tosai. With a couple of mud ponds and maybe £200k spent on other facilities and parent stock you are in the game - in a small way ; but that is where the pain starts, you lose an Oyagoi and that's a Y1m hit. I would suggest with luck in 5 years and you could hope to break even.
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Feline Thanked / Liked this Post
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26-10-2018, 10:44 PM #27
I’ve done a little breeding myself, nothing major, just to see the outcome and must say I enjoyed the whole process and will take it up again when my pond stops leaking...you have done your research and obviously have a passion for it, so start small and cheap to test the market and take it from there. Feline is right in that there would be a massive financial investment if you were to go full on straight into the koi scene but that isn’t the way most businesses start, large streams from little fountains flow, tall oaks from little acorns grow best of luck big chap I’ll be keeping and eye on this thread
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10-05-2019, 09:35 PM #28
Sorry to bump this old thread but I found it interesting, especially Dave's comment above which is something I was thinking about whilst going through Cuttlebrook's website.
Would people agree that places like Cuttlebrook are doing themselves a bad turn by selling off large volumes of fry?
There's plenty of "grow on" videos on Youtube of individuals who buy large quantities of these fry and flog them on eBay the following year.
Does this saturate the market to an extent that it could adversely affect the original breeder through over supply?
Or, because these koi are cullings, maybe it only creates competition at the lower end of the market and by wiping those people out of business could actually be beneficial to the original breeders?
Something I've pondered on.
I used to flog all my Goldfish cullings to local aquarium shops. 50p each. They'd mark them up at £2.95 or £3.95.
Didn't do it for money, but because I hated destroying healthy fish. I was young so never considered it at the time, but suppose there was an impact to the suppliers of these shops who have overheads / VAT / Tax to pay.
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The Daily pond temp thread
Yep , forecast snow here ! Hoping so more money to be made gritting lol Sent from my SM-S918B...