Turn Your Homestead Products Into a Successful Business

As a homesteader, you can monetize your passion. If you’re a farmer, you can sell animal products, such as milk, eggs, and meat. Honey and wax candles are in demand from beekeepers, while homemade items, such as baskets and knitted blankets, can also bring in a pretty penny. 

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Build From the Ground Up 

Regardless of what you’re producing, it’s important to have a clear business plan in mind before you start selling to paying customers. 

•  Make a plan for your produce. Before commencing a business venture, assess your resources and make a list of what you need to add. Determine what makes your product unique, and figure out your rates. Are you willing to go below-market prices, or are you selling a premium product at a premium cost? 

• Stay flexible. Don’t be afraid to switch strategies if the current one isn’t doing well. 

•  Consider incorporating. There are several benefits to registering your homestead as a limited liability company (LLC). Having an LLC means you can file taxes in the corporation’s name, and it protects you from personal lawsuits. You can file the incorporation documents without the need for a lawyer at a cost of around $250. The rules for regional LLCs may differ between provinces.  

Fund Your New Venture

The government has several programs to help you fund your homestead business. However, qualifying for financial assistance can be difficult. Conduct in-depth research into grants available and the application process. Before applying for a grant, you need a well-structured business plan. The better your preparation, the better your chances of successfully obtaining a grant. 

Another option to consider is applying for a business loan. While a start-up loan can be difficult to obtain, having a well-written business plan can help get you the funds you need. 

Get the Word Out

Rent a stand at the farmer markets. Selling at the local farmers' markets is the fastest way to introduce your products to buyers in your area. Going to markets is also a great way to meet and network with fellow homesteaders. Other small business owners like yourself can become loyal customers. 

Create your image. Branding is an essential part of any business. You can hire a professional graphic designer to create your logo and edit your photos, while a web designer can build your site. It can be challenging to send high-quality JPG photos to your designers as these types of files are too large for emails. However, when you convert JPG to PDF, you can easily send multiple photos within one PDF document while not affecting the quality. 

Social media is your friend. A great way to promote your homesteading business is to have a social media presence. You can use social sites, such as Twitter and Facebook, to upload photos of your products and include details about sales and promotions you’re currently running. You can also market your business by starting a blog describing day-to-day farming and other topics of interest. 

Success Is Within Your Reach

Despite the challenges of a homestead business, it can also be very satisfying. If you already have quality products you make yourself, there are plenty of ways to share your work with the local community and make money. 

Article by: Tina Martin