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[Ben Kempton]

Seafood is one of the most hottest selling food items in many different parts of the world. Seafood is also quite expensive as well. This is because it is quite risky to catch animals from sea. Having said that, seafood might be much more expensive in many landlocked countries. This is because people in those countries may rely on imports of seafood. I live in a country which is not landlocked at all, but still seafood is one of the most expensive items in here! So, how do you start such kind of business? What is the profitability of this business?

 

[Flower]

If done properly, starting a seafood business may be a lucrative endeavour. To do this, you must carry out market research, create a business plan, select an appropriate location, secure the required permits and licences, source premium seafood, handle and store it appropriately, and market and sell your products. Various elements, including the type of seafood offered, the pricing strategy, the level of competition, and the location of the business can affect how profitable it is to sell seafood.

While you have the intentions of engaging in seafood business, you must also try to carry out market research in order to check for the profitability and credibility of the business and it's also crucial to consider the environment as well.

 

[Margery]

Yes, doing market research is a key step in starting any business, including a seafood business. You should study the demand for seafood, competition, seasonality and other factors that can affect the profitability of the business. It is also very important to consider the environment and its impact on the marine resources that are used in the production of seafood.

 

[btaliat]

Seafood is lucrative when you are at the right location to get fish, snail and pawn etc for supplies to customers and these foods have become expensive in the market since there are no many suppliers.

It will be lucrative more if you are supplying some companies that need fish in their production. These will make the companies to be patronising you and they will be buying in bulk unlike individuals that buy it in units.

 

[Flower]

If you have enough capital, you can easily start a seafood business because it requires huge amount of capital to kick-start. You would need some equipment and you also need a constant electricity supply to make it function effectively.

 

[Trebor]

Let me say this, the sea food business is very capital intensive, the equipment required and the power that runs the preserving machines requires heavy capitation too. Otherwise if handled on the appropriate way the business is deemed very profitable.

 

[EBUBEJAH]

Companies that are big enough to have daily sales usually have facilities from where they get the food delivered to them and they make the sales of the products to the customers , Such kind of service requires hiring of people that can do the catching job or purchasing from the ones that catch it on a deal basis ( regular or contract ) thus you get the food to sell and make profit from it , big investment is required for this sort of activity indeed actually .

Very correct, sea food business is a very serious and lucrative business to do and as such requires proper care and time on sourcing for manpower to handle different duties in order for the sea food to be available.

 

[btaliat]

Let me say this, the sea food business is very capital intensive, the equipment required and the power that runs the preserving machines requires heavy capitation too. Otherwise if handled on the appropriate way the business is deemed very profitable.

The aspect that requires much money is the part of presentation. And if one can try as much as possible to be getting market for these seafoods as quick as possible, it may not cost most to start this business at all.

 

[Wisdom01]

The sea food business is actually growing at an alarming rate , I guess there have been that sales and others over the years And it's actually good to see that it's growth is actually building more

 

[Flower]

The sea food business is actually growing at an alarming rate , I guess there have been that sales and others over the years And it's actually good to see that it's growth is actually building more

In my locality, seafood business has become very popular and it gained traction because so many people know quite well that seafood business is very lucrative and you can start with little or no experience . It is indeed a good business to adopt.

 

[EBUBEJAH]

The only way it will be profitable enough to sell seafood is to buy directly from farms or near seaside where the fishing boats are going after their catch. Preferably you need to go there in the earliest morning . Otherwise have someone to buy it for you. Or you can do this and sell at market merchants

This is absolutely correct and very valid, if you're about to start this kind of business, you need to be in touch with the locals that do the fishing in order to get it at a very good rate and also timely too, and early morning is the best for fishing, because that is when they're most guaranteed to get good sea foods from the sea.

 

[Medo24]

It is actually a lucrative business anybody can engage in provided the knowledge of making fast sales with good profit is there because seafood has a short life span except you smoke them and refrigerate them .

 

[John316]

One way to really boost your profits is if you can do the catching of fish yourself or buy directly from local fishermen. By catching it yourself, you save on the extra costs of importing. Or buying right from fishermen means you get the fish very fresh and at a lower price than what wholesellers charge. Then you can sell in your local market and make a good profit. Consider teaming up with some fishermen if you don't have a boat yourself. There is good money to be made if you can keep costs low by sourcing direct from the source.

 

[Medo24]

The safest is for you to buy directly from the fishermen at the riverbank and then do wholesale to retailers for a quick profit. You must learn the swimming techniques aside from the fishing it self.

 

[Wisdom01]

One way to really boost your profits is if you can do the catching of fish yourself or buy directly from local fishermen. By catching it yourself, you save on the extra costs of importing. Or buying right from fishermen means you get the fish very fresh and at a lower price than what wholesellers charge. Then you can sell in your local market and make a good profit. Consider teaming up with some fishermen if you don't have a boat yourself. There is good money to be made if you can keep costs low by sourcing direct from the source.

Although those that don't understand how to catch the fishing , could truly by the fishermen by himself and he or she could actually then calculate the cost all together and see how it profitable it will be for him

 

[Medo24]

It is not compulsory to even learn how to fish in this business, the most important thing is spotting the right market for fast sales. You could be making more money than the fishermen themselves.

 

[Wisdom01]

You can start a sea food business , it's Left for you to actually understand the business that you are starting , you can't start a business that you are actually not grounded or understanding moreover

 

[Bolajimi]

Most people that stay in the riverine areas in my country are the ones that always into this business. To make sure that these sets of people make enough money, they most time locate their business in a place there is not that riverine. It may be costly to set this business up depending on the type of sea food.

I'm very sure that you are talking about the people living in Lagos and that is why you find it very hard for an indigene of Lagos not to be able to swim because that is the job that they do. They catch fishes for living

 

[itkelvinagain]

Before you start any business, it's important to do your research and understand the market. This includes understanding the demand for seafood in your area, the competition, and the regulatory requirements. There are many different ways to start a seafood business. You can start a seafood restaurant, a seafood market, or a seafood wholesaler. Each business model has its own advantages and disadvantages, so choose the one that best suits your skills and resources.

 

[abdul001]

It is not compulsory to even learn how to fish in this business, the most important thing is spotting the right market for fast sales. You could be making more money than the fishermen themselves.

You get it, catching the fish is not the problem because you can get it from local fishermen at the river bank or even employ someone to do that for you .Getting the right place and who to sell to is actually what brings you the profit.

 

[freelancermariagrace]

A seafood business is a good idea, especially if you live near the shoreline. Before you start one, make sure you do careful research about it. Get to know the competition and trends in your vicinity. Of course, you need a good location for your seafood business. You can sell fresh or frozen seafood at competitive prices. As soon as you have an established seafood business, consider expanding/growing it.