Can you get rich with an egg distribution business? It all depends on your ability to scale your company. The demand for eggs is clearly high. Bakeries, restaurants, caterers, schools, grocery stores, and hospitals all purchase them in large quantities. The key is to find reliable and affordable egg suppliers and market your business well so you can land as many contracts as possible.
Here’s everything you need to know about how to start, and get rich with, an egg distribution business.
How to Get Rich by Starting an Egg Distribution Business
Starting an egg distribution business often requires a lot of startup capital. You’ll need enough cash on hand to purchase eggs from your suppliers, unless you can buy them on credit. You may also need to purchase equipment to store and transport the eggs. Of course, if you require refrigerators for storage, you will also need to consider the costs of regular industrial co2 refrigeration servicing and maintenance, which will be needed to ensure your equipment is kept in top working order. If you don’t have a van you can use to deliver eggs to your customers, you’ll have to buy or rent one.
Depending on where you live, you may be required to refrigerate the eggs, which can add to your costs. In the United States, eggs are sold chilled at an ambient temperature of 45 degrees. The FDA requires suppliers to refrigerate their eggs starting three days after they’re laid. So you’ll likely need to invest in a refrigerated truck and rent a commercial kitchen or warehouse space where you can store excess inventory.
But if you live in another country, eggs may not be sold refrigerated. Eggs have a protective coating that enables you to store them at room temperature safely, so you may not be required to chill them. This cuts down your expenses substantially and makes it easier to get rich with an egg distribution business.
Another startup cost you can’t forget is business insurance. Companies handling food need liability insurance in case someone gets sick, so make sure you get a good policy.
Many farmers are so busy keeping up with their property that they don’t have time to market their goods to consumers. If you’re willing to buy in bulk and take all the eggs off their hands, they’ll probably give you significant discounts.
But don’t just go with the supplier that offers the lowest prices. It’s important to make sure that the farms you choose produce high-quality eggs. Fresh-tasting eggs will earn you more money per carton, especially if they’re natural or organic. So it’s worth shelling out a little more money for a superior product.
You may even want to consider selling premium eggs alongside your regular offerings. Quail and duck eggs fetch higher prices than regular brown eggs, but there’s a smaller demand for them. Although they shouldn’t be your only product, they can boost your revenue and help you get rich with an egg distribution business.
It’s also important to make sure the suppliers you work with are reliable. If you run out of eggs and can’t fulfill your contracts, your customers will probably drop you and find another distributor. You should always work with multiple suppliers to ensure you have enough eggs, especially during the winter when chickens produce less.
Marketing Your Business
To get rich with an egg distribution business, you’ll need to build relationships with businesses in your community including bakeries, grocery stores, and restaurants. Although online marketing can help you build brand awareness, you may have greater success with personal marketing approaches like email marketing, cold calling, or going door-to-door.
Visiting potential customers in person and bringing a carton of your eggs along will help convince them you sell high-quality products. You’ll also be able to build trust and rapport by meeting face-to-face, which could help you land more contracts.
The key to getting rich with an egg distribution business is scaling. Growing your company and gaining new contracts is crucial if you want to earn a comfortable living selling eggs.
Vicky Monroe is a freelance personal finance and lifestyle writer. When she’s not busy writing about her favorite money saving hacks or tinkering with her budget spreadsheets, she likes to travel, garden, and cook healthy vegetarian meals.