Do you want to start a peacock farm? If yes, here is a detailed guide on how to start a profitable peacock farming business with no money and no experience.
If you are interested in getting into the poultry business; a business that is green and very promising then you should consider starting a peacock farming business with peacock. Peacock farming is perhaps one of the newer and less competitive related poultry farming businesses that an entrepreneur can start, but that doesn’t rule out the fact that it can be challenging at times.
To Maximize Profits With Your Young Peacock In business, you must learn the process of helping your peacocks lay and hatch their eggs and then groom your young to maturity. If peacocks are well cared for, they can participate in circus shows and similar games for animals.
Before launching this type of business, it will pay you to carry out your due diligence regarding market research, economic and cost analysis, and of course feasibility studies. peacock farming, it won’t take you long before you break even and start smiling at the bank.
You can start your peacock farming business from a small town in the United States and if you are diligent, it won’t be long before your business becomes nationally recognized.
Starting a Peacock Farming Business A Complete Guide
Industry overview :
The agricultural industry of which poultry farming or, better still, peacock farming is a subset, is undoubtedly one of the leading industries in most countries of the world; It is the industry that produces food for the population and raw materials for industries.
Due to the important role played by the agricultural sector, the government of most countries ensures that they subsidize seedlings, fertilizers, agricultural implements and machinery for farmers and also encourage entrepreneurs to engage in various types of agriculture, including the business of poultry farming.
There are various business opportunities available in the agricultural industry and one good thing about the industry is that there is a market for all the products of the industry Peacock farming is of course a thriving and profitable business due to the usefulness of the feather, the egg and even the whole peacock. Actually, a good percentage of peacock farmers breed them for the purpose of their colorful feathers.
The peafowl or peafowl in general is a common name for three species of birds in the genera Pavo and Afropavo of the family Phasianidae, pheasants and their allies. The male peacock is known as peacocks, and the female peacock as peacocks.
The two Asian species are the blue or Indian peacock native to the Indian subcontinent, and the green peacock from Southeast Asia; the only African species is the Congo peacock, native only to the Congo Basin. Male peacocks are known for their piercing calls and flamboyant plumage. The latter is especially prominent in Asian species, which have an eye-spotted tail or a train of concealed feathers, which they display as part of a courtship ritual.
To breed peacock to peacock on a commercial scale, you need to build a large pen surrounded by chicken wire, with a wooden shelter or chicken coop with a nesting area, complete with warm light.
One thing is certain about the peacock farming business, if you can do your market research and feasibility studies, you will most likely not have a hard time selling your birds because there are many people interested in either using peacock feathers. for artistic purposes or keeping peacocks as pets.
Some of the factors that encourage entrepreneurs to start their own peacock farming business is that the business is rapidly becoming a profitable and prosperous business; you can actually start your own peacock farming business in your complex if you live in a rural community / farming community. All you need to do is buy the first set of peacocks (peacocks), buy their food, and then build your fence.
Despite the fact that poultry farming has been around since time immemorial, that by no means makes the industry too saturated. The fact that there is always a ready market for meat makes the business evergreen.
There are few barriers to entering the peacock farming business. Usually all tickets are readily available. In the nearest future, players in this industry may face the higher costs associated with access to technology, especially in relation to genetic modification engineering in peacock farming.
So too, intellectual property rights protecting new inventions and technology may mean that new entrepreneurs entering the industry will have to pay license fees and this will of course cause an increase in start-up capital for the agriculture business. peacock.
Initiation of a market study and business feasibility studies of peacock agriculture
Demographics and psychographics
The demographic and psychographic composition of those who buy peacocks or make use of products derived from peacocks is not limited to one group of people. People of different races and cultures buy peacocks for various reasons, therefore the market for peacock produce is all-encompassing.
So if you are looking to define the demographics of your peacock farming business, then you have to do it all encompassing. It should include:
- Artists who want to use peacock feathers (peacocks change their plumage once a year and you can get 150 to 200 feathers from an adult bird each year)
- Free-range chicken farmers and other poultry farmers who want to use peacocks to scare off snakes from their poultry (peacocks are tough on snakes. A peacock will generally not allow snakes to live on their territory. If they find a snake, they will actively fight it, even if it is a poisonous snake.)
- Families and organizations that want to keep peacocks as pets
- Peacock Egg Retailers
List of Niche Ideas Within the Peacock Farm Business You Can Specialize in
It is important to state that there are no niche areas when it comes to peacock farming. Those involved in raising peacocks raise peacocks to generate colored feathers for the textile and art industry, engage in peacock mating, and in some cases groom peacocks to perform in circus shows or games. of animals.
The level of Competition in the poultry industry with the peacock business
The level of competition in the peacock farming business depends to some extent on the location of the business and of course the capacity of your peacock farm. If you can successfully add feather processing and packaging to your peacock farming business, you are likely to experience little to no competition.
For example, if you are the only peacock farm that sells processed and packaged peacock feathers or grooming peacocks for circus shows at your location, you can successfully monopolize the market for a long time before you start trading. to compete.
It is also important to state that competition in the peacock business depends on the scale of your peacock farm.There are farms in the United States that compete with the major poultry farms around the world and there are farms that can only compete on a level local.
List of well-known brands in the industry
These are some of the main peacock or poultry farms in the United States of America and in the world;
- Leggs Peacock Farm
- Peacock Poultry Farm
- Bows Peafowl Farm
- Waco Peafowl Farm
- California Peafowl
- Amazing Grace Aviaries
- Hopkins’ Alternative Livestock
- Cole’s feather farm
- Black swamp peacock
- Erdman’s Game Farm
- Blue feather farm
- Farrs Peacocks N More
- Rock Ridge Peafowl
- Croyle’s Peafowl
- Potts of Peafowl
- Stepinsky’s Peafowl
If you are considering starting a peacock farming business, you just have to get your economic cost correct mic analysis if your intention to build the business is to make a profit, grow the business and maybe expand the business and start exporting peacocks. and feathers alive within your country.
When conducting economic and cost analyzes for your peacock farming business, you just have to critically examine these key factors; access to the market, access to food, access to medicines, access to cheap labor and, of course, good weather conditions.
In fact, you would need to continue to review these key factors as you run your business. As a peacock farm owner, you only need to have a proper understanding of your competitive landscape if you really want to maximize profits and be on the front lines of the industry.
It is important to note that medications and the cost of food are some of the most important factors contributing to the overall cost of running a peacock farming business and should be considered as an important factor when conducting your economic and cost analysis. .
Starting Your Peacock Farming Business From Scratch vs Buying a Franchise
When it comes to starting a business of this nature, it will pay you to start from scratch instead of buying a franchise. Additionally, based on available research conducted, there is no known peacock farm in the United States of America that is franchised; Most of the players in this business are adopting strategies that will help them sell their peacocks, eggs and feathers beyond the city, state or country where their peacock farm is domiciled.
Also, it is easier to start and run a peacock farming business from scratch without leveraging a well-known brand. People will sponsor your business based on affordability and pricing rather than relying on a brand. Keep in mind that most successful peacock farms started from scratch and were able to build a strong business brand. It takes dedication, hard work, and determination to achieve business success.
Possible Threats and Challenges You Will Face When Starting a Peacock Farming Business
If you decide to start your own peacock farming business today, one of the main challenges you will likely face is the presence of well established peacock farms and even poultry farms that also raise peacocks in your target market location. The only way to avoid this challenge is to create your own market.
Some other threats and challenges that you are likely to face when starting your own peacock farming business are the global economic downturn that can negatively affect households. spending, bad weather and natural disasters, unfavorable government policies, and the arrival of a competitor within the same location.
There is almost nothing you can do about these threats and challenges other than be optimistic that things will continue to work for your good.
Starting a legal Peacock Farming business
- The best legal entity to use for this type of business
When considering starting a standard peacock farming business, the legal entity you choose will go a long way in determining how big the business can grow.
You have the option of choosing a general partnership, limited liability company, or sole proprietorship for your peacock farming business. Generally, sole proprietorship should have been the ideal business structure for a small peacock farm. scale, especially if you’re just starting out with moderate start-up capital.
But if your intention is to grow the business and sell your peacocks, eggs and feathers throughout the United States of America, then a sole proprietorship is not an option for you. Limited Liability Company, LLC or even a general partnership will reduce it for you.
Creating an LLC protects you from personal liability. If something goes wrong with the business, only the money you invested in the limited liability company will be at risk. Not so for sole proprietors and general partnerships. Limited liability companies are simpler and more flexible to operate, and you don’t need a board of directors, shareholders’ meetings, and other administrative formalities.
These are some of the factors to consider before choosing a legal entity for your peacock farming business; limitation of personal liability, ease of transfer, admission of new owners and investor expectations and, of course, taxes.
If you take the time to critically study the various legal entities that you will use for your peacock farming business, it will make you accept that the limited liability company; An LLC is the most suitable.You can start this type of business as a limited liability company (LLC) and, in the future, convert it to a ‘C’ corporation or an ‘S’ corporation, especially when you plan to go public.
Upgrading to the ‘C’ or ‘S’ corporation will give you the opportunity to grow your peacock farming business to compete with the major players in the industry; You will be able to generate capital from venture capital firms, you will enjoy a separate tax structure, and you will be able to easily transfer ownership of the business.
Catchy Business Name Ideas Suitable for a Peacock Farming Business
When it comes to choosing a name for your business, you need to get creative because whatever name you choose for your business will go a long way toward creating a perception of what the business stands for. It is generally the norm for people to follow the trend in the industry from which they intend to operate when naming their business.
If you are considering starting your own peacock farming business, here are some catchy names that you can choose from;
- Pally Roman Family® Peacock Farms, LLC
- Percy Jones Sons® Peacock Farms, LLC
- Gareth Matthew ™ Peacock Farms, Inc.
- Tim McQueen © Peacock Farms Ltd.
- Ray Thomas ™ Peacock Farms, LLC
- Lewis Nathaniel® Peacock Farms Ltd.
- George Mendez ® Peacock Farms, Inc.
- Texas Brothers® Peacock Farms, Inc.
- Rainbow® Peacock Farms, Inc.
- Kane Perry® Peacock Farms, LLC.
In the United States and most countries around the world, you cannot operate a business without having some of the basic insurance policy coverages required by the industry from which you wish to operate. Therefore, it is imperative to create an insurance budget and perhaps consult an insurance broker for guidance in choosing the best and most appropriate insurance policies for your peacock farming business.
These are some of the basic insurance coverages you should consider purchasing if you want to start your own peacock farming business in the United States of America;
- General insurance
- Health insurance
- Liability insurance
- Animal Mortality Insurance
- Agricultural Machinery and Automobile Insurance
- Commercial Agribusiness Insurance
- Workers compensation
- Disability insurance overheads
- Business owner policy group insurance
Intellectual property / trademark protection
If you are considering starting your own Peacock Farm, you may not need to apply for intellectual property / trademark protection because the nature of the business makes it possible for you to run the business without having any reason to challenge anyone in court for make illegal use of your company’s intellectual property.
But if you only want to protect your company logo and other documents or software that are unique to you or even production concepts, especially in relation to genetic modification engineering in poultry farming, then you can apply for the intellectual property protection If you want to register your trademark, you are expected to start the process by filing an application with the USPTO.
Is professional certification required to start a Peacock Farming business?
In addition to the results you produce on your farm, professional certification is one of the main reasons most peacock producers stand out. If you want to make an impact in the peacock farming line of business, you must work towards acquiring all the necessary certifications in your area of expertise.
The certification validates your competence and shows that you are highly skilled, committed to your career, and up-to-date in this competitive market. These are some of the certifications you can achieve if you want to run your own peacock farm business;
- CPD Certification IAO Accreditation
- (Cert Level III) or (Cert Level IV)
- Professional Diploma in Poultry
Note that the average local peacock growers in the suburbs of the United States do not have certifications, but that does not have any prevent them from growing their peacock farms to enviable heights.
List of Legal Documents You Need to Run a Peacock Farming Business
The essence of having the necessary documentation before starting a business in the United States of America cannot be overemphasized. It is a fact that you cannot successfully run any business in the United States without proper documentation.
If you do, it won’t be long before the long hands of the law catch up with you.These are some of the basic legal documents that you are expected to have in place if you want to legally run your own peacock farming business in the United States. from America;
- Commercial and civil liability insurance
- Commercial Vehicle Operator Registration for Distribution Truck
- Appropriate driver’s licenses for drivers
- Assistant licenses for assistants
- Health inspection certificate
- Proof of ownership, proper identification and vehicle license
- Taxpayer identification
- Fire certificate
- Certificate of incorporation
- Commercial license
- Business plan
- Confidentiality agreement
- Employment Agreement (Offer Letters)
- Employee Handbook
- Operating Agreement for LLC
- Agricultural Association Agreement
- Operating Agreement for LLC
- Insurance policy
Financing Your Peacock Farming Business
Starting a standard pe The acock business can be capital intensive, especially if you choose to launch a large peacock farm. Securing a large farmland, building a well-secured and conducive poultry farm with the proper fence, purchasing the first set of peacocks, bird food, medicine, and farm equipment are all part of what will consume a large portion of your startup capital. , but If you choose to start the business on a small scale, you may not need to seek funds to finance the business.
When it comes to financing a business, one of the first things to consider is writing a good business plan. If you have a good, workable business plan document, you may not have to work before convincing your bank, investors, and friends to invest in your business.
Here are some of the options you can explore when looking for startup capital for your peacock farming business;
- Raising money from personal savings and selling stocks and personal property
- Raising money from investors and business partners
- Sell shares to interested investors
- Apply for a loan from your bank / banks
- Presenting your business idea and applying for business grants and seed funding from government, donor organizations, and angel investors
- Source of soft loans from your family and friends.
Choosing a suitable location for your peacock farming business
Starting a peacock farming business has its own challenges; It is a business that cannot be started in any location of your choice. In fact, you will not be allowed to start a peacock farm on a residential farm in the United States of America. The only place where you may be allowed to start a peacock farm is in an area designated for poultry farms and is usually on the outskirts of the city – country side.
It cannot be overstated that the location you chose to build your poultry house is key to the success of the business, therefore entrepreneurs are willing to rent or lease a facility in a conspicuous location, and a location that has a minimal predators and the proper climatic condition for the types of peacocks you intend to raise.
If you make the mistake of renting or leasing farmland in a location prone to predator attack, uneven topography, and bad weather conditions simply because it’s cheap, then you should be prepared to spend more to protect your peacock.
It is important to note that a commercial facility in a good location is not cheap, therefore you should be able to allocate enough fund to lease / rent in your budget. If you are new to the dynamics of choosing a location for your peacock farm, then feel free to speak with a business advisor or real estate agent who has complete knowledge of the city.
Most importantly, before choosing a location for your peacock farming business, be sure to first conduct thorough feasibility studies and market research. The possibility cannot be ruled out that you will come across a similar business that has just closed the store in the place where you want to open yours.
These are some of the key factors to consider before choosing a location for your peacock farming business;
- The demographics, topography, and climatic conditions of the location
- The demand for peacocks, eggs and feathers in the place
- The purchasing power of the local residents
- Site accessibility
- The number of peacock growers, fiber and textile mills on site
- Local laws and regulations in the community / state
- Traffic, parking and security
Starting a peacock production business Personnel technical details
When it comes to starting a standard peacock farming business, you will need the following equipment / machines; hatchery, feathers and egg collectors, canal / water channel, fences, shovel and rake, and wheelbarrow / cart. This equipment can be purchased as fairly used if you are on a low budget.
When it comes to choosing between renting or leasing farm land for your peacock farm, the size of the farm you want to have and your entire budget for the business should influence your choice. If you have enough capital to manage a fairly large peacock farm, then you should consider the option of long-term leasing or properly purchasing farmland.
Regarding the number of employees you are expected to start when doing business, you will need to consider your finances before making the decision.
On average when it comes to starting a standard large scale peacock farm business you would need the services of the following professionals; Director of Operations (may fill this position), General Farm Manager, Veterinarian (optional because hired), Human Resources Manager and Administrator, Accountant / Cashier, Sales and Marketing Executive, Poultry Farmers / Field Employees, Cleaners , and security guards.
Additionally, you would need a minimum of 5 to 15 key staff members to effectively run a mid-scale but standard peacock farm.
The service provision process of a peacock farming process
When it comes to managing a peacock farm, the process is simple and straightforward, and in fact, a peacock farm can operate successfully on autopilot with little or no owner supervision.
Basically, when peacocks are mature enough to produce peacock feathers and eggs, a specific time of day (usually morning) is chosen where the peacock eggs and feathers are collected. Once the peacock eggs and feathers are collected, they are stored in a neat container / box or delivered directly to a customer as requested. Peacock feathers are sold to artist studios, fiber factories, and textile companies.
Starting a Peacock Farming Business The Marketing Plan
- Marketing ideas and strategies
As a peacock farmer you would have to show that you have the ability to not only manage a peacock farm but also supply peacocks, eggs and peacock feathers on the commercial level on a consistent basis.
The fact that the barrier to entry to starting a small-scale peacock farming business is low means that there are bound to be more players in the industry, no matter where you choose to start yours. In essence, you must be creative if you are to market yourself within the market available in your community, city, state, or country.
So when you are writing your marketing plans and strategies for your peacock farming business, be sure to create an attractive personal and company profile. This will help increase your chances in the market. These are some of the platforms you can use to market your peacock farming business and products;
- Get your business out there by sending cover letters along with your brochure to poultry farmers and stores in need of peacocks, eggs, and peacocks. feathers, fiber factories and studios for artists using peacock feathers and related businesses in the United States
- Advertise your peacock farming business in community newspapers, local television and radio stations
- List your peacock farming business in yellow pages ads (local directories)
- Take advantage of the Internet to promote your peacock farm
- Participate in the direct marketing and sale of your peacocks, eggs and peacock feathers
- Encourage the use of word of mouth marketing (referrals)
- Take advantage of the Internet to promote your business
- Join the surrounding local chambers of commerce and industry with the primary goal of networking and marketing your products
- Involve the boards of marketing executives and business developers to conduct direct marketing for you.
Factors that will help you get the right product price
One key factor that will help you sell your peacocks, eggs and feathers at rock bottom prices is to buy your peacocks, peacock feed, medicine and other poultry equipment directly from manufacturers in fairly large quantities.
Another strategy that will help you sell your products at the right price is to ensure that you keep your operating cost to a minimum, operate your own hatchery, and channel your efforts toward marketing and promoting your brand. In addition to the fact that this strategy will help you save costs, it will also help you get the right price for your products.
You can also try to work with independent contractors and vendors as much as possible; It will help you save costs to pay sales and marketing executives.
Strategies to increase your brand awareness and create your corporate identity
If you are in business and you are not deliberate to increase your brand awareness and communicate your corporate identity, then you must be ready to take on what society portrays of your business.
If your intention of starting a peacock farming business is to grow businesses beyond the city from which you are going to operate to become a national and international brand by opening chains of peacock farms and franchises, then you must be ready to spend money on promoting and advertising your brand.
Regardless of what industry you belong to, the truth is that the market is dynamic and requires constant brand awareness and brand promotion promotion to continue to engage your target market. These are the platforms you can leverage on to increase your brand awareness and create a corporate identity for your peacock farming business;
- Place ads on print platforms (agricultural and fashion newspapers and magazines) and electronic media
- Sponsor relevant community events / programs
- Take advantage of internet and social media platforms such as; Instagram, Facebook, Twitter, YouTube, Google+ and others to promote their products (peacocks, eggs and peacock feathers)
- Install your billboards in strategic locations throughout your city or state
- Take part in occasional roadshows in specific neighborhoods to raise awareness of your peacock farm.
- Distribute your flyers and flyers in the target areas
- List your peacock farming business in local directories / yellow pages
- Advertise your peacock farming business on your official website and employ strategies that will help you drive traffic to the site.
- Position your Flexi Banners in strategic positions where your peacock farm is located.
- Make sure all your staff members wear their branded shirts and that all your vehicles and trucks / vans are well marked with your company logo and others.
Suppliers / Distribution network
First of all, to successfully run a peacock farming business, you need to establish a good business relationship with wholesale distributors and producers of bird food, medicine, and other poultry farming tools and equipment.
When it comes to sourcing and distributing your peacocks, eggs, and peacock feathers, you need to build a good business relationship and a healthy relationship with key stakeholders. especially fiber factories and textile and art studios using peacock feathers and related businesses in the United States.