What Is The Current State of the Market (2017)?
I've been out of it for a year and a half now. I got out because the market at the time was completely over saturated. I could barely sell any of my babies at the time. Common single genes like pastels, pins, and spiders didn't sell for much more than normals. Even Bananas were super low going for 200-300. And 2-3 genes animals were hardly selling as well.
So how are things now? I learned not to trust places like KS with their over inflated fantasy land pricing. There's people on there now trying to sell pastels for 100. Are things still bad? Have things settled?
I have no intentions of getting back in. I even sold my baby racks so I wouldn't be tempted. So this is just out of curiosity.
Re: What Is The Current State of the Market (2017)?
Quote:
Originally Posted by
StillBP
I have thus far this year sold everything I have hatched. granted that single gene animals with common genetics dont sell at more than $50-75 and bananas can be found at $150but I dont do it for the money (eve n if it is nice to make a profit) and I try to make more 2-3 gene animals than singles I would not say that anyone is going to get rich doing this. far from it. but my collection pays for its self.
I didn't do it for the money either. But in the end, I was putting more money in than out. If it couldn't support itself I couldn't justify it anymore as I didn't make enough in my day job to make up for the shortcomings. The became especially more true after my child was born.
As an aside, I used to wonder why some people up and quit over something they were passionate about. I get that now. Things happen. Priorities change.
Re: What Is The Current State of the Market (2017)?
Quote:
Originally Posted by
Deborah
Still the same only the people that are passionate, have a plan, know the market, know how to market themselves and their animals, invest and upgrade their collection, make money.
I have been making a profit doing this for several years (basically 2 ears after getting started) and I always sell out every year even though the sky has been falling for a decade now.
If you want to make it work you have to treat it like a business.
I can't agree more. It's definitely not for the faint of heart...lol You basically get out of it what you put into it really. Sometimes you have to spend money to make money.