It's possible to make money from your homestead. Many homesteaders have found ways to work from home and quit their day jobs to enjoy the rural farm life. Follow these five steps to get your homesteading business started so to can live the dream.
How to Make Money Homesteading
There are endless ideas for making money from your homestead. Finding what what you want to do with your homestead and how you spend your time really is the first thing to find out.
Most modern homesteaders try everything in their first few years of having property. It's a great idea to dabble with growing vegetables and fruits and raising animals to see what works for you. The possibilities are endless, from selling homemade goods, to raising meat, selling at the farmers market and grocery store, selling eggs, meatbirds and more. It’s so easy to get caught up in the excitement.
It's also easy to face burn out and feel overwhelmed with new information, responsibilities and the finances of homesteading.
Trust me, I know this from first hand experience. But I also know that with proper planning it’s possible to start making money from your homestead.
But don't let this stop you from living your dream of really making an income from your homestead. I’ve created a free planner to help you get your ideas on paper and start putting those ideas into actionable steps to move you from where you are to where you want to me.
Go ahead and download the free printable planner below to get started if you feel ready to go! If you’re looking for guidance for planning your homestead business than keep reading for my easy practical tips!
By the end of this post you’ll have a good idea of how to take the next leap into making money from your homestead! Let’s do this.
Download the free printable cheatsheets now and get started today!
Homestead Business Planning
Choose a Homesteading Niche
The first part of planning your homestead business is choosing a niche to focus on. A niche by the way, is a focal point of your business. You might choose to raise meat rabbits or run a market garden from your homestead.
It’s important to really do some research and only choose a few when you get started. Jumping in and trying to do it all is a quick path to burn out!
I've gathered a long list of possibilities to ponder in this post, 47 ways to make money homesteading. Then, consider what assets you already have.
Do you have a lot of land? Maybe you have little land? Or do you have experience raising animals already? Did your property come with hay equipment? Do you have hobbies that you could turn into a cash business? Start thinking outside the box.
Find the Experts
You've found a niche. That's great! Now it's time to start building the skills necessary to carry out your business.
Look for books, ebooks, bloggers etc. that have experience in your niche that you could learn from. It's time to do some research.
Lots of experts are referenced here.
Here are some books I highly recommend on the topic.
Don't forget about your neighbours. I have often found that the cattle farmer down the road nearing retirement knows a wealth of information over our local farmers facebook page. These older farmers have generations of wisdom to share with us.
Create a SMART Business Goal
Deciding to start a business is an exciting endeavour. Decide where you want to go and what the destination will look like when you get there. Making a SMART goal will help you stick with your plan and stay focused. It's easy to get lost in all the information.
SMART stands for
Specific
Measurable
Attainable
Realistic
Timely
A good example of a homesteading business SMART goal would be
I will start a handmade business making crochet Christmas Ornaments for $15 each and share them with friends, family and my community at upcoming markets. It will mean spending 2 hours an evening making ornaments and advertising. I will have met my goal when I have sold 50.
4. Choose actionable steps.
Start taking action on your goal right away. Decide on 3-5 steps that can be done in the very near future to get you going.
Here are a few examples
Choose a business name
Write down your smart goal and put it in a spot you'll see it every day
Reach out to experts, purchase any ebooks or courses you might need
Start a business binder
Print the free planner below
5. Support Team
It's important to have supports in place when you start something new and exciting. Celebrate your new endeavour with your close friends and family and choose 3-5 people that you can share the details of your business with. If you're a parent you may need to ask these people to help you with babysitting. If you're in a relationship, you might need to discuss the finances behind the business for start up.
Let me know what your own homesteading business plans are! I love to hear what other homesteaders are up and and how you bring an income in. Send me an email or comment below!
Happy Homesteading - Diana
Homestead Business Plan Cheatsheets
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