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Cake day: November 24th, 2023

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  • GalaxyFibers@alien.topBtoSmall BusinessShould I go for it?
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    1 year ago

    I don’t have many answers for you, but here are a few questions that you may want to consider and/or research, if you haven’t already:

    1. Who is your target market? Do you want to sell to end-users (plant owners) or to resellers (making you a wholesaler) or both? Take a bit of time to figure out who your target customers are, and that will help you make a number of other related decisions.
    2. Taking into account the answer to (1), what are your preferred sales channels? A wholesaler may want a warehouse or a place in a wholesaler’s market; whereas, an in-person retailer may want anything from a mobile plant-truck, farmers’ markets locations, or a permanent shop. An online retailer would need a place to store, package, photograph, and ship plants.
    3. What risks do you have, and how can you mitigate them? Example: Pests and/or disease are easy to spread in nursery conditions. You can easily either spread them to your customers (risking your reputation and their collections) or lose your entire current inventory. How will you ensure your plants are pest and disease free?
    4. What regulations exist that impact your business? Plants are more heavily regulated than you’d necessarily think. There are state and federal level regulations at minimum. Depending on what kind of plants you want to sell and if you plan to ship or receive shipments, you may require some sort of permitting/inspection/etc.
    5. What resources and knowledge do you currently have? If you live in a studio apartment with no balcony, you’ll have a lot fewer growing spaces than if you live on an 80-acre farm. How many months can you live without making an income? How much income do you need to make? What plant-specific knowledge do you have? Do you have a passion for plants in general or do you have a favorite area? etc

    All these questions are not to dissuade you in any way - just all things that may help you come to a decision if you haven’t already considered them. I love plants also, though I’m especially skilled at killing them (ask me how I know about pests and diseases!) Best of luck in your future endeavors!