Have you been thinking of lucrative animal business ideas, but you’ve got no inspiration? If you are, this article will help you settle for one.
We’ve shortlisted some lucrative animal business opportunities that may interest you.
Moreover, these ideas require little startup capital.
It will interest you to know that there are various animal-related businesses you can begin either as a side hustle or as a full-time business.
With these vast options to choose from, it can become overwhelming when you want to find a niche.
There are golden opportunities for you as an individual with a soft spot for companion animals.
You can start up a pet-related business, such as pet sitting, walking, grooming, pet toys sales, etc.
Perhaps, your interest may be in agriculture like livestock rearing, to produce milk, meat, eggs, honey, and so on from animals.
Bottom line, with animals, you are open to several business opportunities to become successful.
Overall, this article discusses nine lucrative animal business ideas.
Read on to learn these ideas.
Before that, let’s discuss some basics about the animal business.
Animals Business Ideas; An Overview
Most animal-related businesses are centered on pet care services and livestock farming which is a good niche for animal lovers.
Of course, pets are loyal companion animals to humans, and as such, pet owners will like to ensure their comfortability just like the rest of the family.
Most people who own pets now regard them as part of the family.
This gives you an opportunity for business as an animal lover who wants to earn while doing what you love.
You can provide services for pet owners and get paid while at it.
However, the pet business is not the only animal-related business you can invest in.
While some others like to care for animals and ensure their comfortability, some are interested in farming animals for human consumption and economic growth.
Therefore livestock rearing is another animal-related business you can venture into and become a successful entrepreneur.
Livestock rearing involves producing foods like meat, milk, honey, eggs, and so on from domesticated animals, e.g., Poultry.
If you intend to venture into this business, you should find agriculture interesting.
There are several animal-related businesses across the globe.
But based on our research, pet business and livestock rearing are the most lucrative animal businesses people like to embark on.
They are simple to start, have low capital investments, have a stable market, and are highly profitable.
Daily, there’s a high demand for animal products like meat, milk, skin, essential oils, etc.
Likewise, pet owners require special care for their pets.
These demands grow almost every day as people now acquire more pets, and an increase in population will lead to high consumption of animal products.
Hence, you’ll have a long-term advantage if you start your animal business today.
There are some benefits and limitations surrounding the animal business; Keep reading to know these.
Benefits of Animal Business; Animal Business Ideas
Is the animal business worth it?
Let’s find out.
Profitability
There is massive earning potential in the animal business.
According to research, there have been many people on record who have shown interest in pet stores.
Many people adopt pets into their homes, and in doing so, they’ll need to provide for their needs.
According to the American Pet Product Association (APPA), pet owners in the US, as of 2021, spent $123,600 billion on their companion animals.
This includes pet food & treats, vet care, product sales, and other services.
Additionally, the pet store sales revenue is estimated at around $21 billion in the same year and is expected to reach $23 billion in the next three to four years.
Judging by the figures, owning a pet store or providing pet-related services like pet walking, sitting, etc., gives you a high chance of profitability.
Further, livestock rearing is also a good form of agricultural business.
Above all, if you go about things correctly, there is a chance that you will make enough profits within a short period.
Immune To Economy Downturns
Another advantage of running an animal business is its immunity to economic downturns.
Whether you rear animals for consumption or render pet services, the heat of an economy may not outrightly affect your business.
For one, pet owners will spend on their pets regardless of the country’s economic situation.
They will provide a section for their pet’s necessities, which means you are always included on the list, even when on a tight budget.
Also, aminals products like meat, milk, fish, honey, and eggs, are consumed almost every day.
So, if you have an established business, you don’t need to worry about an economic slowdown.
Instead, work hard to get loyal customers.
Job Variety
The animal world offers vast business opportunities for you to make choices.
All you have to do is settle for one you are most interested in and make a good means of living from it.
You Are Happy With Your Job
it’s one thing to have a business idea, and it is another to love what you do.
Venturing into a business for the first time and trying to make it profitable can be very daunting.
However, if it is something that you are passionate about, the whole process will be worthwhile for you.
You Can Start From Your Home
One factor that holds people back from starting a business is the initial setup cost to rent a store.
The limitation to access funds has deterred most potential entrepreneurs from venturing into the business of their dreams.
Thankfully, the animal business is not like that.
You can carve out a space in your home for starters- it could be in your backyard and begin there.
Then source for a little amount to get the equipment you need to start, and you can kick off from there.
Later on, as the business expands, you will need a physical store or land(for livestock).
These are the benefits of the animal business industry.
It also has its limitations.
Let’s find out what they are.
Limitation Of Animal Business; Animal Business Ideas
Animal Welfare Cost
A significant challenge most animal entrepreneurs face is the high cost of animal welfare and health concern.
The initial cost of starting the business is low, but the cost of maintenance may become a challenge.
To get the best from your business, compromising on the welfare and health of the animal is no option.
Now, let’s discuss some of the best animal business ideas you can engage in.
9 Animal Business Ideas For You To Explore
If you’ve been thinking of starting a business but don’t know where to look, here are some selected business ideas for you in the animal industry.
1. Dog Breeding Business
If you love dogs or like raising their younger ones, you can start breeding dogs for a living.
Dog breeding is one of the most profitable animal businesses across the globe.
There are always customers to buy dogs.
Dogs are the most common pets you can see in almost every home.
Most people who keep dogs in their homes have them either as pets or for security.
However, the type of customers you will attract depends on the type of dogs you breed.
So, if you love a particular breed, you can start a dog breeding business and serve people interested in that breed.
But how do you start a dog breeding business?
Here are some important steps to take;
Plan your dog breeding business
For every business you want to venture into, always have it planned out in a written form.
Planning your business will help you know what you are about to invest in and the necessary steps to take.
Additionally, it states your goals and requirements that will lead to your business success.
Also, if you want financial assistance, you can show your business plan to financial institutions to process your loans.
Below are the things you need to put into consideration when making your business plan;
- Business Name.
- Initial Cost.
- Running cost.
- Target market.
- Pricing.
Decide what breed do you want to specialize in
Another important step is choosing the dog breed you want to specialize in.
You can start with one breed and, over time, add two or more species.
This can be an advantage to your business because it will help you attract different buyers interested in various breeds.
But keep in mind that every dog breed has its drawbacks, and you’ll have to present them to your buyers in perfect shape.
Notwithstanding, here are a few tips to be successful with this business;
- Start with a breed you love.
- Know the profit margin for different breeds.
- You can find an employee who knows the breeds.
Get A Location and the right equipment
Place your business in strategic areas where buyers can quickly locate and patronize you.
Additionally, get the proper equipment you will need to start your dog breed business, such as a dog house, feeders, water bowls, etc.
Turn your dog breeding business into a legal entity
Most dog breeders do it as a hobby and won’t care about turning it into a real busiess.
That’s fine.
However, if you have a plan to grow and expand your dog breeding business, turning it into a limited liability company will be beneficial.
Create a social media page and web to advertise your business
Having your animal business displayed on social media platforms like Instagram, Facebook, TikTok, and others will attract prospects to your business.
Have a trusted veterinarian
As a dog breeder, you should look for a vet you can trust with your dogs’ health.
Get a doctor specializing in dogs, especially with your dog breed.
Get started
After observing all these steps, the next step is to open the business for sales of the puppies.
Consequently, if you follow these steps perpetually, undoubtedly, you will have enough profit in no time.
2. You Can Become An Animal Blogger
If you have good writing skills and are willing to share your knowledge about animals, then an animal blog business is a great choice.
It is the easiest animal business to start, and you don’t have to get a physical store, only the right equipment (mostly a laptop and stable internet access)
You can do many things in your animal blogs, such as sharing pet business ideas, pet stories, and other pet-related topics.
Your animal blogging business can become successful over time if you consistently provide relevant information about pets to your audience.
Writing quality content will bring more followers, including companies who may want your services to promote their products via your blog.
Consequently, you can become an affiliate marketer and earn an actual salary while doing what you love.
More followers mean more money.
How do you start this business?
Here are a few tips for a successful animal blog business ;
- First, pick a niche.
- Additionally, choose an exciting name and brand for your pet blog.
- Next, know your target audience, e.g., if you write about animals’ adventures, that’s what your audience will expect from you.
- Write like a pro- make your content interesting and exciting for your readers always to want to come back for more.
- Use SEO strategies to optimize your content.
- You can promote your animal blog or website via social media platforms and reels, be consistent with your animal post, and be friends with your audience.
Overall, these are the few tips that will help you succeed in the animal blog business.
3. Aquarium Maintenance
Another business you can start as an animal lover is rendering professional aquarium maintenance services.
Routine aquarium maintenance is the key to keeping the fish environment safe.
Most people who keep fish as their pets may not have the time or know-how to clean the fish tank.
Therefore they will hire aquarium maintenance service providers to clean the fish tanks.
Consequently, the aquarium maintenance business has a higher profit margin as a potential animal business idea.
So, if you love fish and always have the itch to care for them, you can turn that hobby into a source of income.
Like other small animal businesses, aquarium maintenance is a business you can run from the comfort of your home with low capital investment.
You can apply for a space in a pet store and establish your business based on your choice.
Another benefit of this business is selling other fish-related products to your customers.
To get started, here are the steps you should take.
- Plan your aquarium maintenance business
- Make it a legal entity.
- Register for taxes.
- Have a separate bank account for your business.
- Get permits and licenses for your business.
- Create a website.
- Define your brand name.
4. Broiler Business
Starting a broiler business is not a bad idea if you like to raise chicken and maintain them for meat production.
The broiler business is a niche in poultry farming focusing on rearing broilers for meat production.
If managed well, the broiler business is one of the most lucrative poultry businesses with a long lifespan.
You can start the business either on a small scale or large-scale production.
With proper feeding and maintenance, it takes less than two months to get a matured broiler that you can sell.
To be successful in this business, here are some tips:
- Get the house/pen ready for the chicks.
- Have the right equipment.
- Ensure adequate lighting and heating(for the chicks, this may not be necessary for older birds).
- Ensure that they are well fed and hydrated.
- Check for any illness-administer the proper medication.
- Check for the environmental laws that support your business.
- Promote your business via social media platforms.
Overall, you can get more of this business idea from our chicken business ideas article.
5. Dairy Farming Business
Another idea niche for livestock farming is dairy farming which deals with the production of milk from animals.
People consume dairy products every day, making it a profitable animal business idea.
Although this business may be capital and labor-intensive, it also needs some skill to run it perfectly.
However, if you have a passion for it, you can undergo some training or volunteer on a ranch to gain more knowledge.
After that, the next step is to write a business plan with a proper SWOT analysis.
These will include how to get the cattle, your location, cattle feeding and comfort, and the cost of transportation.
Also, state the business’s strengths, weaknesses, opportunities, and threats.
After drafting your business plan, you can source loans from financial institutions or grants from the government.
Finally, ensure you make proper arrangements for cattle feeding and waste management.
6. Animal Photographer- Animal Business Ideas
Do you love animals?
Do you love capturing rare moments of some of the world’s cutest animals?
If yes, it’s time to turn that hobby into a business.
Photography entails capturing moments and saving them for the future.
Animal photography is one of the trending animal businesses with practical future relevance.
If you are good at taking beautiful shots, you can venture into animal photography.
It may not seem easy because you can’t tell an animal to strike a pose like you can to a human.
Therefore, you’ll need to be patient with animals to get those rare moment poses.
To start this business, here is some equipment needed for animal photography:
- Camera kit.
- Pet toys.
- Off-camera flash.
- Treats.
- Cleaning kit.
- Extra batteries.
- Extra lead plugs.
- Memory cards.
- Business card.
Like other businesses, starting up the company requires you to take certain steps.
These steps have been previously outlined above.
7. Pet Sitting- Animal Business Ideas
Do you enjoy the company of animals, and do you like to care for other people’s pets?
Being a pet sitter can fetch you money?
Pet owners who are always on the move hire pet sitters to take care of their pets while they are not around.
That person could be you, and if you do a great job, it could fetch you much profit.
This business requires low capital investment, and no physical store is needed.
You don’t need any formal education to become a pet sitter.
All you need is to know about animal care and behavior.
Overall, you can get more clients based on trust and recommendation.
As a pet sitter, your duties include;
- Provide food and water for the pets.
- Groom the pet.
- Tidy litter boxes.
- Administer medications.
- You can give the pets a walk, e.g., dogs.
- Brush furs and teeth.
8. Layer Farming Business
While broilers farming is for the production of meat, layer farming, on the other hand, is the rearing of the layer chicken breed for egg production.
Daily, people consume dairy products with eggs inclusive.
So, there is a high chance of profitability if you start this business.
The layers breed are nurtured from a day old until they get to 16-22 weeks- the stage for egg production.
The egg production continues into their 72-76 weeks.
A layer chicken can produce an egg per day, so the number of chickens you breed determines the number of eggs you’ll get.
Numerous layer breeds produce eggs for commercial purposes.
All you have to do is find a breed and start your business.
Working with various breeds is a good idea, but that can also be very challenging.
You can start small, with a minimum of $300.
9. Snail Farming Business
Are you hoping to start an animal business with low capital investment?
Snail farming is an ideal business for you.
The snail farming business entails rearing edible snails for consumption and cosmetic purposes.
You can either start this business to produce meat for human consumption or snail slime for cosmetic purposes.
Furthermore, the demand for snails has increased because of their nutritional benefits.
It is easy to start, requires low investment, and the return on investment is high.
These tips will help you set up a successful snail farming business;
- The right environment for your snails is an area with many trees to protect against excessive wind.
- For your snails to grow correctly, you have to secure a suitable climate.
The ideal temperature for snails falls between 15°C and 25°C with high humidity of (75% to 95%)- roysfarm.com
- Not all soils have enough components and chemicals that snails can survive on.
- Have an excellent snailery to keep the snails safe and reproductive.
Conclusion
There you have it; nine animal business ideas to explore.
These animal business ideas have a high potential for success.
Which one do you want to invest in today?
Shun procrastination and start with the best that speaks your interest today.
Remember, it takes patience, hard work, consistency, and positivity to get to the top.
Best wishes.
