is there a market for koi
Know your market is a business maxim that is drilled into every
business student, business entrepreneur and captain of industry,
and if you are planning to enter into the high-risk, high stakes
market of Koi fish breeding then this is a particularly apt lesson to abide by.
The Koi fish breeding market is not just a shapeless, monolithic
entity but is instead a highly segmented market which contains a
number of different niches and categories.
Each different component of the Koi fish market will require
different skills, resources and levels of commitment as well as
ability and therefore, it is vital that you are well aware of the required skills before you jump in.
Make sure that you give some serious thought and contemplation
to your intended objectives, i.e. the sort of business you want to
enter into, the kind of schedule you want to commit to (and indeed,
would be willing to be bound by) and what is the level of risk versus profit that you would be willing to endure.
Are you prepared to work long hours, and endure a lot of hard
work with little chance of getting a big payout, or would you rather
work a more flexible working regime with a greater chance of
securing a smaller amount of profit in the long run?
There is no right or wrong answer in that question, merely a
question of perspective and personal commitment.
For some, they prefer the security of a guaranteed amount of
income and a certain level of profit, and may want to enter into Koi
breeding merely as a hobby rather than a full time career.
Others maybe willing to invest the huge amounts of money and
time required in order to “make it big” in this immensely
challenging industry, but at the end of the day the choice must and
ultimately will, always lie with you and your expectations.
If you are looking for income security and cannot face the prospect
of huge amounts of risk for potentially no return then you may
want to rely on the more secure option of common koi selling and breeding.
Common koi are challenging to handle but not impossible by any
stretch of the imagination and best of all, they are an excellent way
for the would-be entrepreneur to obtain a solid foundation in the
koi breeding market before moving onto more grueling sectors.
Personal experience is worth its weight in gold in the Koi breeding
market, regardless of whether the type of Koi fish you are dealing
with is either the common variety or the more ornamental type,
and it is through experience that you will be more attuned to
potential pitfalls and red flags which will hopefully mean that you
are able to side step them comfortably.
Whilst Koi breeding is a possibility to help increase your profit
margin, you will need to invest a lot of resources before you will
actually see and be able to enjoy any actual sort of return.
You can sell Koi fish as part of a package, perhaps including a
garden or a pond or some other incentive in addition to the fish itself, in order to act as a “sweetener”.
This way you will be justified in charging more than market value for that singular fish.
How much can I sell a koi fish for?
Prices range from a $15 to $5,000 for the highest quality koi, says CNN Money. Prices are set by body shape and skin quality as well as the color and pattern of each fish. If you grow show-quality koi, you’ll be able to sell them for more money than younger or smaller koi.
Is breeding koi profitable?
Koi breeding can be profitable in one of two ways: 1) You raise baby koi fish and sell them when they are much larger. … Make sure to give your breeding koi couple some privacy when it’s time for them to mate. Koi need a place to lay their eggs.
Are koi expensive?
It is also true that certain varieties of koi are more expensive than others. A high-quality 6-inch (a white fish with large red patches) may cost $3000. A high-quality oghon (basically a golden, metallic-colored fish) of the same size may cost $100.
What type of koi is the most expensive?
A 76-cm (30-in) long ginrin showa koi, which won supreme championship in nationwide Japanese koi shows in 1976, 1977, 1979 and 1980, was sold two years later for 17 million yen (then £60,000). They can now sell for upto $ 2 Million. Kohaku, Showa, Bekko, Asagi, Shusui, Utsuri, Sanke, Tancho.
Why is Koi so expensive?
Good koi are expensive because it is a lot of chance and great selective breeding, they usually spawn one a year and the odds of getting a lot of great animals is very low. They are expensive to keep because of water use, electricity, high quality food and labor.
What’s so special about koi fish?
Why are koi fish so popular – What do they signify? … Koi fish are always at ease in the water, flowing as the tide runs deep under water. Feng shui, a spiritual form of organization and placement of objects, says that having the spirit of the koi near you will attract good luck, fortune, and spiritual benefits
In a pond setting, koi will breed as a flock, or group. … During spawning the malekoi will become extremely aggressive. Male fish will pursue the female koi around the pond, smashing into them repeatedly. This battering behavior is designed to force the eggs from the female’s body.
How long do Japanese koi live?
The short answer is they can live over 200 years. The oldest known Koi was Hanako who lived to be 226 years.
What is the koi fish symbolic of?
Koi Fish meaning in Japan is good fortune or luck they also are associated with perseverance in adversity and strength of purpose, the Koi fish symbolize good luck, abundance and perseverance. Symbolic in Buddhism is to represent courage. … Based on that legend, it became a symbol of worldly aspiration and advancement