In a recent survey, only 19 percent of Americans felt that they earned enough money to lead a good life.
One of the easiest ways to bring in more money is to take up homesteading and it will also help to cut your expenses.
Not sure how to make a profit from homesteading? That’s OK, we’ve got you covered. Here are some great ideas to get you started!
Ideas To Make Your Homesteading Profitable
Once you know what homesteading is, the real trick to making profits from a homestead is simple – you need to look at the assets you have and how you can use them to make real profits once you take into account your costs! Here's some specific examples to get you thinking.
Selling Baked Products Via Your Local Farmer’s Market
This is not an easy option, we’re not talking about some half-decent fairy cakes that you’d send to the school fete.
We mean gorgeous cakes and pastries and ones that make a good profit.
For example, brownies rock. If you raise chickens for eggs, they’re super cheap to make and they’re very profitable (up to $40 a tray!).
Whereas, you might regret making raspberry pies because the raspberries are going to be expensive (either in time to pick or money to buy) and pie crusts eat up tons of butter.
You might sell such a pie for $15 but it might cost $12 to make that, plus your time!
Sell Hatching Eggs Not Eating Eggs
If you sell your eggs for eating, you’ll soon discover you’re taking on the economies of scale of big agribusiness.
The cost of hens, feed, etc. will, at best, deliver you a product that breaks even when you sell it (except, perhaps, to your neighbors) at market or in a store.
But hatching eggs are not the same, they fetch higher prices and if you have a desirable breed of chicken, then you could bring in $1,000 a month through hatching egg sales alone!
Make Your Own Soap
We love soap making and if you’ve never done it before try one of these soap-making kits to get some experience.
Once you have the basics down, then it’s time to start sourcing some lye and making your own soap from scratch rather than from a kit.
You can make more than 100 bars of soap from about $12 worth of lye, add a little natural scent (harvest lavender or roses from your garden to get this for free) and boom! You have a saleable product.
A single bar of handmade soap sells for $6 or more on Etsy and at farmer’s markets.
That’s how you turn $12 into $600 or more.
Once you’ve experienced growing mushrooms from one of these mushroom growing kits, you’ll know how easy it is to grow mushrooms.
Then you can start scaling up to commercial growing (it’s easy you just need some dark, cool space and some logs) and shiitake mushrooms sell for $10 or more per pound!
Final Thoughts On Profitable Homesteading
Many homesteaders find that they can easily increase their income by $1,000 a month in the first year and, over time, it can be much more than that.
The trick is to do your research and find profitable methods like the ones above and not fall into the trap of assuming something will be profitable because you like it.
By the way, if you want to make your homesteading even more profitable, did you know that you can get free land to start a homestead on? Seriously, it’s 100% legit. Don’t miss out.