Claire Corlett

Fish Food, Fish Tanks, and More
How I made $20,000 in 1 month from breeding aquarium Discus fish

How I made $20,000 in 1 month from breeding aquarium Discus fish

You know at One point I made $20,000 in one month from my aquarium Hobby in today’s video. I’m going to tell you how I did it Hello, my fellow diy fish Keepers so last week I asked you guys for some topics and Suggestions on what we should do for this week’s topic of the week many of you requested how to make money from the Hobby others requested some breeding along with a slew of other Suggestions [in] today’s video we will be covering how to make money however. I’m not going to cover it in general I’m going to share a story with you [guys] about how I made a lot of money yet [I] really want to warn you about everything else. You’re not thinking about so many of you guys know [that] I love discus They’re a center focus of my hobby and have been for almost 10 years now Any discus keeper at some point or [another] within their hobby have thought about breeding their discus for a number of reasons it’s extremely rewarding You feel like you have a massive hand at the end result because it is so such a hands-on experience And the fact that discus are a [high-dollar] Fish means that the fry will fetch a lot of money for you which in turn can help pay for your discus, hobby? and/or Your Hobby in General So obviously that had crossed my mind at one point or another as well until a point in time about what three years ago when? I was constantly thinking about it now unfortunately [for] me. I can’t just be normal and dabble around with breeding I figured if I’m going to do it I have to set up some breeding systems and rearing tanks and go full at it now I never really meant to document the process it was more so for fun as well as the Experience, so I don’t really have much footage of what I did however I do have a lot of footage that are my videos and my discus so any footage that you see within here is mine I also don’t want to come across the wrong way here. These are my fish I really did enjoy them I started the breeding project mainly for fun as well as the experience making money from it was a total afterthought And I actually wasn’t prepared for what was all included but that’s exactly what we’re going to talk [about] today So let’s first start off with the [setup] what I actually set up for with this discus breeding project and then we’re going to move into a lot of the costs and Really breaking down how the money was made if you want to learn how to breed discus in general I can certainly cover that in a future video So if you do want to see that leave me a comment down below as well So I start with setting up this breeding system. I decided that each pair would be connected to a main system so I took 4 33 gallon tanks and Set them on a rack [two] on top two on bottom now the two top tanks would drain into the two bottom tanks and those two bottom tanks would drain Into a sump that was on the floor the sump would return the water to the top and that would complete the cycle I used a wet/dry filter or a triple [tower] to ensure that the water was highly oxygenated The rearing rack or where I was going [to] raise the fry consisted of something similar there was 220 gallon tanks on top Followed by a 70 gallon tank in the middle and a hundred and [fifty] gallon tank on bottom again They all fed down to one another and then returned to the top I also have a 300 gallon Fiberglass tank on Standby in case I got overrun with discus Which I actually did So the way this setup would work is as the parents would produce the fry they would eventually move into the top 20 gallon tanks On the rearing rack and as they grew they would go into the 70 gallon, and then as they grew even bigger They got down to the hundred and fifty which at that point I figured [there] would be time to sell so about 10 months into getting the disc is set up they started breeding in producing viable fry on a consistent Basis and they did so for about four months and out of those four months that I allowed them [to] breed they produced about 20 batches of fry with an average of about 50 fry per Batch meaning I got almost a thousand discus out of them within that four month period Now before I got to that point though I really had a hard time with accepting the fact that I was going to have to sell these guys I really changed my mind on wanting to do this for money, and I actually became more attached to the fry themselves I really wanted to grow them out again and grow out a beautiful discus tank Potentially braid the fry and kind of keep that lifecycle going but Obviously costs were building up the initial cost the ongoing costs and so forth and those are some of the things I really wasn’t expecting But it’s easy to lose focus when your get excited about setting up a tank You kind of don’t really think about the long term eventually though I had to sell them and they sell for an average of [20] dollars each that might seem like a very little amount of money compared to prices that you might see which is typically averaging between 50 and $100 because these [discus] were upwards of [4] inches big by the time I sold them however I didn’t sell them 1 2 3 at a time [the] minimum I was selling was typically six at a time or 12 at a time And then I actually shipped a lot of them and sold the big box stores where they would buy 30 40 50 at a time some places even wanted a couple of hundred Needless to say I got rid of every one of them within about four or five weeks and ended up with that twenty thousand dollars Approximately, but what about costs okay? So we’ve made twenty thousand dollars now let’s talk about [what] it costs to set up and the Ongoing [costs] and some of this might be a little shocking to you guys and this is what I really wanted [to] get into so to set up all the Tanks the equipment the pumps the heaters the lights the lids you name it the stands the actual tanks themselves Cost about two thousand dollars total, and I feel as though. I did that as cost-effectively as possible for the amount of tanks and the sizes that I used Again, that’s not that bad for the discus there was three active breeding pairs It’s very common for breeders to go for about $500 piece for obvious reasons one batch of fry And they’ll pay for themselves three times over so to put a value on those three pairs of discus. We’re going to call them $1500 so right there we have about $3,500 in start-up costs, which still isn’t bad because we have [20,000] dollars to work with so what about the ongoing costs well, that’s where you’re really going to start paying the real money, so I kind of broke this down into three categories Which is maintenance costs resources? [and] food so food is feeding all of these discus for about 15 months and on average Over the course of that 15 months I paid about $100 a month for their food, and I actually made [it] myself But when you’re feeding upwards of a thousand discus for months on end It adds up quickly now the Resources would be heated water for water changes in your power usage and on average that cost me about $80 a month which isn’t bad considering How many tanks I set up and the power they used followed by maintenance costs? And this is something [that] you don’t really think about because you have to change mechanical media you need Different types of nets you need sometimes you need met patience Just ongoing cost like that And those can easily add up over time as well and my cost for that was about $30 a month which isn’t bad again for that many fish. So my ongoing costs for about two [hundred] and ten dollars now I’m actually only going to calculate about Fourteen months of usage here because that’s all I had receipts for and that equalled up to two thousand nine hundred and forty dollars For the entire fourteen months now if we add up our ongoing costs plus the cost of [start-up] We’re only at six thousand four hundred and forty dollars Lots of meat left on the bone of that twenty thousand the number one thing people don’t consider when generating Revenue or starting up a new business or making money on the side is the amount of time you have to invest To be able to get to that point and for me I spend about three hours a day with my tanks cleaning them feeding them and so on over the course of those fourteen months about three hours a day equalled about 850 hours there has to be a dollar value put on your own time so you do need to consider that now I’m not going to count the time that it took to sell or the waiting around I had to do during the month that I was selling or any of the time spent marketing and answering emails and so forth [a] Tremendous amount of time went into that a lot of the waiting around was people were late showing up Or they canceled and so Forth whenever you sell something online You can expect to have a tremendous amount of your time totally wasted now I’m in nova Scotia Canada, and if I sell something that’s [business-related]. [I] have to pay taxes on [that] There’s a sales tax of 15 percent so right off the bat we have to go back to that [20,000] and take off [15%] I didn’t charge the customers 15% I included 15% into the cost so out of that [20,000] I have to take $3,000 off right off the top and not even think twice about it. So that automatically drops us down to $17,000 then we take that 17,000 and take off our operating and startup costs And we’re now down to just over 10,000 again $10,000 is still a lot [of] money especially [to] get it all in one month, but now that $10,000 I also have to claim toward my personal income because that’s what I’m considering my profit That’s what I’m paying myself and because this bumped me up into a different bracket the way orkut axes work here in Canada [I] had to pay 17.5% [on] that ten thousand which knocked it down to eight thousand seven hundred so out of that Twenty Thousand Dollars [I] really only made eight thousand seven hundred, but wait if we calculate in our two hundred and fifty plus Definitely matt a big plus hours into that we’re working for about ten dollars an hour So really was it worth it for that ten dollars an hour Well to get it all at once sort of made it feel better But if that’s what I was getting paid for on a continuous, basis like on a daily basis or a weekly basis I certainly wouldn’t have done it and the reasons are simple it took a tremendous amount of my time [I] can always make more money But I can’t make more time the second thing is it took a lot of the fun away from my hobby By the time I got around to selling and got off that rush of starting to sell I Realized that I don’t want to do this anymore This is not why I got into the [hobby] and is totally taken a lot of the excitement Enjoyment and fun out of these [disqus] you know you know sometimes money Just ruins things and the fact that it took so much time [I] still had my channel to run and my channel this YouTube channel takes even more time to do Plus work a normal [full-time] job. So things really just [added] up It was just too much to [handle] But when you kind of get into the [zone] you don’t realize how much time you’re using up for this, hobby Another huge thing is obviously we’re talking [about] taxes And which is business-related with that said there’s also some other stipulations that I have to follow if I’m selling Tangible goods out of my house which requires people to come into my house and buy them I have to have a specific zoning Permit and Insurance I Wasn’t set up for that at all and I actually had no idea. I needed it I probably could have gotten a lot [of] trouble The unfortunate thing is is that at this point when I got to selling this is when the disc is breeding would have been most Profitable I’ve already paid off I’ve broken even all I have to cover is ongoing costs the only thing I have to worry boat is Producing more and more discus and keeping them available. I guess it’s just not in me to look at my fish as dollar signs Another big reason why I probably wouldn’t get back into it. [I’m] you know on top of the time it takes the laws and the taxes and so Forth is the [fact] that I Was actually taking [advantage] of a lot through this process One of my overall goals was to provide quality discus Locally just make them available [I] really wanted my fellow hobbyist in my local vicinity an immediate area and even you know close to Provinces to be [able] to experience what I experienced with my [discs] is that rewarding feeling? so a lot of the times I would I was selling my discus for really really cheap next to nothing [and] unfortunately More times than I’d like to admit the people we’re taking them from my house to the pet store getting store credit and kind of just taking off from there getting money or Whatever they get from the pet store other people were putting them on line like Kijiji and Craigslist And asking for literally ten [times] what they paid for them Which I guess I can’t get mad because once that you once you buy it yours do what you want with it But you know my intentions really were to make them affordable just so you can Just see you can enjoy them not so you can make money off them, but again I guess that’s really not that’s none of my business once they leave my door really Again, just a little disappointed So I guess overall I enjoyed the process however I don’t want to do it anymore And this is something that I really wanted you guys to consider is that when you get into breeding fish and looking at generating revenue, there’s much more to consider than Just the end result sure it’s going to be fun sure you’re going to bake make money But everything in between is what you need to really [focus] on and consider Anyways, I [think] that I’ve really covered what I wanted to say this is kind of a story that I want a lot of people Ask you why I don’t bring discus anymore, and there’s a multitude of reasons, but this was pretty much it anyways That’s it for me. I’ll see you guys next time for a new topic of the week [oh], and what did I do with that money well? This was a year or two ago, but I bought more fish and built more tanks you

100 comments on “How I made $20,000 in 1 month from breeding aquarium Discus fish

  1. hello mr. joey can you please help about discus because my discus has already spawn egg but they going white all and they eating what will i do about that .

  2. Did something similar to this in the past, more of a hobby though rather than for financial gains. In the end, though, I felt it was similar to a puppy mill but maybe not to that extreme. I had about 5-6 tanks breeding various fish but they were in simple tanks similar to the ones in the video. Guess it was a reality check for me, I still enjoy the beauty of fish but maybe more in their natural environment.

  3. If my parents can pay for 4 years of college, I can make $240,000 a year and more if I breed guppies, koi angelfish, Betas, chiclids and more!!! My first breeding project is guppies that I can sell at my garage sale

  4. Can't you use the cost of inventory and cost of maintenance as a tax deductible since it directly corresponds to your income? Like how you can use your mileage to and from work as a tax deductible.

  5. Wow Joey. I'm a recent subscriber rewatching some of your old content and dam… You were so scrawny. Like a toothpick person! Good choice adding some extra muscle

  6. thanks for sharing that. I can understand what you mean about taking the fun out of it. I have had two people with in the last few years that wanted to set me up with a bakery or start a coffee house with me as a baker and i turned them down because it would take the fun out of baking, learning and sharing the results. On the other hand, congratulations on the learning experience.

  7. Please please please, make a video on how to make a diy video on how to make a 10-20 gallon tank
    Thank you!😀🐟🐠🐡

  8. I have no real interest in fish, but am fascinated by this show and the guys knowledge and honesty love for his fish and the
    enthusiasm he projects.. Mr Presenter , you come over a great guy thanks for this interesting content…l think l will explore marine fish keeping next…. God please no mistakes there.

  9. Nice story. It says a lot about you. Thanks, for sharing. I am in the process of setting up my discus fish aquarium for hobby. A lot to learn, but a lot of fun too.

  10. Hey u should show how to set up the water for starter like what’s the easy and safes way for product that is safe to use

  11. Sorry people took advantage of your generosity man. People can be dicks. Thanks for the videos and knowledge! I hope you know it is appreciated!

  12. I really admire your videos Joey, you haven't posted new ones so I'm looking at your older ones. You deserve your success 👌

  13. Man, very sincere, honest an detailed video. I do not have discus (im more a goldfish person) but i enjoyed your video a lot. 🙂

  14. Not that I think ur lying or anything like that, I'm only curious as to how u know that the majority of the time people were taking advantage by selling ur fish for more. I know how easy it would be to find them in a fish store where u spoke to owner about where they got them or even to see them on craigslist with the contact info of the person u just sold them to, but I was just curious as to how exact those situations are cuz how can u go to every pet store in ur area or find every craigslist ad to know that they did this? I believe u, I'm only curious is all, also I think u should give a couple of story times on stuff like this too, goof for video content. 🙂

  15. Would you say breeding fish would be a nice source of income of a kid? I'm 14 and I have some pretty expensive hobbies (cars and fish particularly). Not even a big fancy set up with a billion tanks, just letting the fish in my community tank breed and taking the fry out and putting them into a plastic box with a sponge filter.

  16. Around 12:00….that broke my heart. Good for you, having that mindset. You were taken advantage of! Still, I admire you for living your life….

  17. Hey King, I’m a father of 2 toddlers and my wife loves working, so I’m going to school now and watching the kids. I’m a fish fanatic since a kid, and I’d love to get some advice on raising Fish. Discus is my main goal or gourami. If you could reply would be awesome, thank you. I live in Toronto just so you know, so Fido free Canada wide calling. Lol

  18. Sad that you sold the fish so that others could experience your joy at raising them, and they turn around and sell them for profit. The world is full of such scumbags, I mean schemers.

  19. Holy carp (haha get it) you were so skinny back then compared to how you are now dude. Keep up the amazing content and best of luck with the storm you're having. <3

  20. You have given me a lot of love and respect for flower horns and/also/mostly discus. ❤️ ( we all will always miss frank🙏🏻❤️)

  21. I had a beautiful pair of blue discus,we had no plans to breed,well they did anyway,it was the well water,it was perfect!

  22. I need my fish with immense dedication and invested a lot of time on them but the stores I sold them to kept them in tiny cups!!! I regret selling them to this day, eating them up was better. I'll stick to that for now!!!!

  23. would love to be able to share my fish life like you but im no way in your league yet im only 4 months into this amazing fish life

  24. the information is really, really great but pleeeeeeeease wear an appropriate fitting shirt as that art smock you are wearing gave me serious anxiety lol

  25. Hey Joey not even sure you will see this but gotta say thank you for all your videos you have been a huge help and inspiration ive always loved fish and until I started watching your videos had no clue it was a hobbie needless to say I hope to not only enjoy my hobbie but turn it a job long story short have had a crazy life which had makes working the "traditional" way difficult so i would like to ask you for help any tips, tricks advice you have would truly appreciate it could use a fellow hobbiest and Canadian help on this topic

  26. Thanks for pointing out that you include the sale tax in your price so many people don’t understand that.

  27. Thanks for sharing your experience breeding. The part that I really hated to hear was that "friends" took advantage of you. Total BS on their part

  28. You should license the fish with an upfront fee. The "buyer" can do with the fish he wishes (as has happened), but you continue receiving a percentage of the revenue the buyer generates with the fish ;-).
    Anyway, great story.

  29. I would think that the subsequent batches would be more profitable as your infrastructure is already in place … would it not?

  30. Can't play the victim if you're only asking $20 per discus. Trust me, if people can take advantage of a person, they will.

Leave a Reply

Your email address will not be published. Required fields are marked *