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🐝 Buzzing with excitement! 🐝 At a recent beekeeping workshop, farmers took their first step into the world of bees and learned how these little pollinators can boost farm productivity and crop growth. From identifying the queen bee to harvesting sweet, golden honey, they discovered the magic of beekeeping!...

10,077 Aufrufe • vor 2 Jahren •via X (Twitter)

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This guy makes $82,000 a day selling honey. He started at 12 years old with $300 and one beehive. By the time he graduated high school he was doing six figures a year. Now, he owns 30,000 hives and over a billion bees…. and makes $35M/year in revenue. I met with Blake last year. Here's how his biz model works: He has six revenue lines… • Retail • Wholesale • Pollination services • Beekeeping supplies • Food manufacturing • Hot honey Retail and wholesale is the core. He bottles the honey himself and sells it direct to stores and consumers. His facility runs 1,000 jars an hour. One tote of raw honey (about 275 gallons) is worth $15k and takes half a million bees to fill it. Pollination services runs on top of that. Farmers pay him to park his hives on their land so his bees can pollinate their crops. This brings in extra recurring revenue that’s separate from selling honey. Hot honey is one of the fastest growing food trends right now. It’s honey infused with chili pepper - either sweet or spicy. Blake sells them at a premium and in smaller batches. So they have better margins than straight honey and cost less to produce. Beekeeping supplies and food manufacturing round out the rest. Supplies means gear hives, suits, or smokers sold to other beekeepers. Food manufacturing covers other honey-based products that have higher margins than just raw honey. The numbers: • Revenue: $35M/year • Margins: 15% • Employees: 125 • Bee cost: $2M/year (just to keep them alive) • Facility output: 1,000 jars/hour (at $5 wholesale, $9 on the shelf) • Processing facility cost: $3M to build ($1M of honey sitting in it at any given time) One of the coolest businesses I've seen.

Codie Sanchez

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