How to be successful in breeding.....the financial side.

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Olympus Reptiles

Olympus Reptiles

Күн бұрын

Пікірлер: 162
@stooplo1836
@stooplo1836 2 жыл бұрын
Very solid and relevant three years later! Thank you guys!
@snowballstrikethebudgies9698
@snowballstrikethebudgies9698 6 жыл бұрын
Your channel has some of the wisest content of any snake breeding channel on KZbin. Please keep it going for the years to come.
@branpa_6492
@branpa_6492 5 жыл бұрын
I’ve gotta say out of all the ball python/ reptiles breeds here on KZbin. You go above and beyond to bring knowledge to everyone interested in getting into this hobby either as a business or just as a hobby. Whenever I need to learn something about ball pythons I come to your channel first keep up the amazing content Matt.
@Redline_Report
@Redline_Report 6 жыл бұрын
That close up though Kurt 😆
@flying_hussar3034
@flying_hussar3034 6 жыл бұрын
Last week I bought my fist Ball - little Enchi Fire Spider YB female. I chose it because I just loved the way it looked but now I'm seriously thinking of going deeper into this hobby and maybe start breeding in few years. Thank you for videos that educate me so much!
@zachadams228
@zachadams228 6 жыл бұрын
Awesome content. It actually gives some of us just starting out something to think about and something to keep us going. Love the channel.
@bigdave9649
@bigdave9649 3 жыл бұрын
2:43 I remembered this technique ever since. One of the many reason you guys have such awesome vids. Theres an abundance of information I've learned from watching I love it.
@carsonmcguire8104
@carsonmcguire8104 6 жыл бұрын
I'm a week or so away from getting my first batch of females to begin this amazing journey, and the level of info you've shared is amazing. I, for one, and really appreciative of all of this knowledge, and I know as I start getting into this, I'll always refer to these videos for any info I could possibly need. Many thanks!
@mainnerd2222
@mainnerd2222 5 жыл бұрын
I'm not a snake breeder, nor do I plan on being one, but I had to watch because it caught my interest. This got my cogs turning. Great business plan, and guys don't forget taxes. I hate taxes, everyone hates taxes, but if you don't want the IRS brown shirts garnishing your wages or taking possession of your house over you not paying them $516 (I just did the 12% tax bracket times the $4,300 for the feds, it all depends on your yearly income, but that will do as an example) than account for your taxes. I hope that I don't come off as a dick, not at all what I'm trying to do, I just don't want people forgetting about their taxes and end up getting into trouble because they forgot to put the money they made off of their snakes down as extra income. Great video, I enjoyed learning about the breeding business, thanks!
@OlympusReptiles
@OlympusReptiles 5 жыл бұрын
Taxes are definitely a thing. It is one reason we leave almost everything in the account until the year, so we can pay them. A good accountant is also worth the weight in gold.
@wethepeople89
@wethepeople89 6 жыл бұрын
Just put a deposit down on my first ever snake! I have watched a ton of your videos trying to research and be as prepared as possible...thank you for all the great content!!
@reptilesrodents
@reptilesrodents 6 жыл бұрын
Just got a Male and female myself where in this together bro you never know in a couple years Matt might even be buying a new gene off one of us. Good luck brother.
@wethepeople89
@wethepeople89 6 жыл бұрын
Andrew Failing absolutely!! Good luck to you! What kinds are you starting with? I just picked up a Bumble Bee Mocha myself. Looking maybe to pair with a superfly or a vanilla.
@reptilesrodents
@reptilesrodents 6 жыл бұрын
I got a big female spider and a orange dream enchi Male for her I need another female for this year
@reptilesrodents
@reptilesrodents 6 жыл бұрын
What are you getting??
@SantiagousDominguezus
@SantiagousDominguezus 5 жыл бұрын
We get more knowledge on this stuff from you more than any other breeder here on KZbin. You're definitely my got to if I have a question.
@paulargueta
@paulargueta 5 жыл бұрын
It only took me 43 years to learn that the difference between those that became SUCCESSFUL, and those who didn't, was their ability to HOLD ON and PERSIST in the face of less than desireable, often bleak, circumstances and/or environments. Just. Hold. On.
@Gabiathan
@Gabiathan 6 жыл бұрын
This has been really good to hear. I am a full time student right now working a job and doing this hobby. I don't have a lot of snakes I want to see how it goes, but I'm hoping that from learning from guys like you I'll be able to do this and have it be fun, instead of a burden. Thank you for your videos!
@204_mod_shop
@204_mod_shop 4 жыл бұрын
4:42 " that's gonna fuckin suck" 😂😂😂 that had me laughing
@goddessisis2961
@goddessisis2961 6 жыл бұрын
I know it’s off topic of this video but I just wanna say thank you and question girl for encouraging me to go to shows again!!! I was actually treated really well by another KZbiner Chris hardwick ( I purchased an albino 100% het pied female) some vendors were dicks but hey douches will be douches right me and my boys actually enjoyed talking to him he answered all their questions!! Thank you again though.
@OlympusReptiles
@OlympusReptiles 6 жыл бұрын
Gladd to hear it! And, the ones being douchebags likely won't be successful anyway. Glad Chris took good care of you
@johna1777
@johna1777 5 жыл бұрын
Dude I've been searching all types of ball pythons videos since I got my first one a few days ago. And I got to say man yours is the only one I subscribed to.
@davidrollins2346
@davidrollins2346 6 жыл бұрын
Great video! Really needed to see this to explain to my wife how this is going to work for me in the long run. Got big dreams for my hobby! Lol
@josettetaylor5176
@josettetaylor5176 6 жыл бұрын
THIS IS GOLDEN INFO. REINVEST! And this is partly why I had to quit my breeding dream. Still love the animals and my friends like you and Barczyk. Thanks, Matt! ✌🏼❤️🐍
@cherylcramer7367
@cherylcramer7367 2 жыл бұрын
We are newbies, Awesome information! Thank you so very much !
@Lerrae1908
@Lerrae1908 6 жыл бұрын
Good advice for any hobby or pets. Save up plenty before hand, and pur what you get back into the projects. It is too easy to see money and feel excited about having it, especially if you don't have much to begin with. This is one of those things in life where making a solid five year plan is super helpful, but sticking to it is the trick!
@scottishrob1
@scottishrob1 6 жыл бұрын
Good information. Thanks for sharing it. My daughter just got a breeder male and this will be helpful in her understanding how to smartly handle the business aspect of what she wants to do. Thanks again guys.
@herpershollowroad8976
@herpershollowroad8976 6 жыл бұрын
Hey Matt, first I want to say thanks for reaffirming what I was thinking. I've watched guys like you, and John Dague, And even Garrick Demeyer, grow in this business/hobby for years and always kinda wondered to myself how you guys succeeded where others have not. I kinda figured that it had something to do with personal sacrifice, but didn't really know for sure. So anyhow, I just wanted to say thank you to you and Kurt!!! I really appreciate the helpful advice.
@elissakrumm2389
@elissakrumm2389 6 жыл бұрын
I'm always so appreciative of your videos. You guys have made breeding feel like it is a real goal I can complete.
@shadbessari
@shadbessari 6 жыл бұрын
Holy shit! That’s the best thing I’ve ever heard! And I am getting 5 more ball pythons on Friday to start my first year of breeding
@HBPExotics
@HBPExotics 6 жыл бұрын
Awesome video Matt and awesome pointers there....
@JLGReptiles
@JLGReptiles 6 жыл бұрын
Awesome video man! I'm just getting started but when i started buying my females I tried my best to make sure the animals i started with were going to be able to make the money back quickly that i invested in to begin with. Have my first male on hold right now and he is a very pretty boy to say the least!
@6Heart1Ace6
@6Heart1Ace6 6 жыл бұрын
You should make daily vids! Love your content man!
@victoriac.4430
@victoriac.4430 6 жыл бұрын
Hi I'm new to your channel, and I really love it so far! You are so real about everything. I am hoping to have my first clutches this year (have been keeping for around 4 years). Looking forward to more of your videos and enthusiasm :)
@zebguice6381
@zebguice6381 5 жыл бұрын
Awesome advice! I'm glad I discovered your channel. I will continue to watch what you put out. Keep it up
@mattslaikeu8832
@mattslaikeu8832 6 жыл бұрын
Man I love these kind of videos. As someone who is looking to get into the breeding side of the hobby these type of videos are very helpful and informative. Thank you for all the wonderful videos and you have a subscriber for life in me 👍🏻
@IAMGiftbearer
@IAMGiftbearer 6 жыл бұрын
Great advice! I think creating a seperate account makes it easier to track how much you're bringing in too. Adding this to my Ball Python Breeding playlist.
@pentium41andy
@pentium41andy 2 жыл бұрын
Ilike how you approached the hair for the holidays subject
@ticereptiles314
@ticereptiles314 6 жыл бұрын
Best video I’ve seen all day🔥 this is exactly what we have been doing and it has removed almost all of our stress in the hobby😁
@abelizardo980
@abelizardo980 2 жыл бұрын
Thank you for sharing this. I have a budding reptile business and I’m open to veteran advice. Much success
@shaneverwey3215
@shaneverwey3215 6 жыл бұрын
You just gave me the idea of a 2nd account for the Snakes money thanks Matt I didn’t even think about that.
@nathanmccook133
@nathanmccook133 6 жыл бұрын
It's amazing to me that the concept of letting you hobbies pay for themselves is still such a hard thing to get across to people and so uncommonly practiced
@matthewsoat9116
@matthewsoat9116 6 жыл бұрын
Great vid brotha! Just like starting any business the first few years is mainly pouring your profits right back into it. Would like to breed for a hobby some day. My kids enjoy balls so much and it’s so sweet to see their interest in snakes!
@chrissutton84
@chrissutton84 6 жыл бұрын
That's some great advice. I'm not to breeding yet but you really do share your knowledge. You make it feel like anyone can do this.
@OlympusReptiles
@OlympusReptiles 6 жыл бұрын
That's because anyone can. I know some want to feel special etc because of accomplishments. But fact is, anyone can do this with the right luck, work ethic, etc. It isn't always easy but it doesn't take insane atheltic ability, or super strength, etc. It just takes time, work, dedication, sacrifice.
@johnnycardinell8060
@johnnycardinell8060 5 жыл бұрын
1 out of 111 people disliked this video .(555 👍-5👎🏻) that’s how you know he’s a great snake KZbinr
@blueballsexotics8596
@blueballsexotics8596 4 жыл бұрын
This video is top notch its absolute great advice. I started of with one now I got 11 at first I didint really feel the feeding and substrate Bill's once I got up to 8 or 9 was when I started to feel the Bill's. Also it's not as cheap to feed adult snakes as it is to feed babys, if you have 10 babys just know those babys are gonna grow alot faster than you might think and the feeder bill will kinda wup your ass. Awsome video so glad I watched this
@BubbaMurica
@BubbaMurica 3 жыл бұрын
Great advice!! Thank you
@markrocksfordaze
@markrocksfordaze 5 жыл бұрын
This a great video. Great advice, thank you!!
@amcgeckos
@amcgeckos 5 жыл бұрын
Thank you Matt for making such great videos...very educational. Keep up the great work guys!!! Truly inspirational!!! 😍 I'm starting my own Reptile business now because of y'all, Brian B, and Kamp Kenan love y'all!!! 😍😊😉
@Roux-AtlasCreation
@Roux-AtlasCreation 6 жыл бұрын
Thank you for this video, if there is more please do share!
@CurtyBlowTTV
@CurtyBlowTTV 6 жыл бұрын
This was an awesome video and some great advice I definitely took some notes on this one
@MusicalPythons
@MusicalPythons 6 жыл бұрын
I'm wanting to start breeding and this is exactly how I wanted to do it. Your vids are awesome thanks for all the knowledge it is really helpful!
@2kpordy9
@2kpordy9 4 жыл бұрын
Thanks for the great advice having my first 2 clutches soon i have 8 snakes i fill this video was for me i am 2 years in
@patpatterson6073
@patpatterson6073 6 жыл бұрын
Yes raise your own food and how ironic we have seven snakes! great video! We must think alike because I have planned to not start until I raise my snakes up to breeding size! Which is two to three years!
@raptormatt11
@raptormatt11 6 жыл бұрын
Good advice. Wish I had it a year ago when I started. 32 snakes and rat breeding later I’m waiting for my first clutches this year. A year without income has added up. I enjoy it but it almost has to about the money
@mandrew20111
@mandrew20111 5 жыл бұрын
Very good way of looking at it. Now I just need start up money and to convince the wife to let me own a handful of snakes that creep her out haha.
@stevechapman1456
@stevechapman1456 6 жыл бұрын
Great video Matt very informative thank you never looked at it like that
@MrBlueJK4
@MrBlueJK4 6 жыл бұрын
Great video and info on defensive ball pythons
@mairstunna8046
@mairstunna8046 5 жыл бұрын
I’m so distracted by that beautiful snake in the tank whilst you take
@Gottalovecarpetpythons
@Gottalovecarpetpythons 6 жыл бұрын
This is all very interesting for those who are planning becoming a breeder, does cost alot to get started and just reaise dont plan on making alot of money for awhile. that is the way to see it, it is the snakes money so spend it on them and their care.
@jasonirelan1737
@jasonirelan1737 6 жыл бұрын
Now everyone CAN go without subscribing to me and liking my videos, BUT WHY? That goes for Olympus Reptiles and all his subscribers as well so please don't miss out on the fun. Take care and God loves you.
@dylan-gh5ll
@dylan-gh5ll 6 жыл бұрын
One more tid bit I have experienced my first year breeding, the local rat breeder who is less than half the price of pet stores is great until all of his/her customers starting needing extra to feed their breeding females. I had to feed 17 ball pythons at pet store prices last week. Ouch to say the least. If you are buying bulk make sure you are not buying during the breeding season
@dh5254
@dh5254 4 жыл бұрын
The pet store wouldnt let me buy that many rats I lied and told them they were going to a rat ranch 😂😂😂
@gyomeihimejima3982
@gyomeihimejima3982 4 жыл бұрын
@@dh5254 Oh my god LMAO
@ambersrandomness7150
@ambersrandomness7150 4 жыл бұрын
This is really helpful cause I'm just starting to breed snakes
@pheliperocha948
@pheliperocha948 6 жыл бұрын
I agree with the other comments, he should try to make daily videos. Amazing stuff😆
@joslinnick
@joslinnick 5 жыл бұрын
You should do a video that tallys all of your expenses and profit for the year.
@josepharenas9120
@josepharenas9120 6 жыл бұрын
Matt thank you for this great information...
@Gentry1753
@Gentry1753 6 жыл бұрын
A topic I've been looking for, great video :)
@timbruce7634
@timbruce7634 6 жыл бұрын
Hey matt I love your videos very informative. I currently have 4 ball pythons. Not sure of the morphs of 2 of them was wondering if I could send you a couple pictures to see if you could help me out.
@adrianhoverter7198
@adrianhoverter7198 4 жыл бұрын
Great advice. Bonus...when you start bringing money in ,start using your snakes money, its like you are getting paid. You now have the money you would have spent on snakes, in your pocket again.
@OlympusReptiles
@OlympusReptiles 4 жыл бұрын
I don't do that. It stays with them until once a year. That way, if something comes up I got the money for it.
@adrianhoverter7198
@adrianhoverter7198 4 жыл бұрын
I'm extremely good at saving money, everything has a rainy day fund, I probably should have mentioned that. I'm not making it rain 😁 at the club. I really enjoy your video's, this subject in particular. I hope you touch on tenacity. Doesn't matter what the business. The difference between success and failure is tenacity. Whether your first clutch going bad or my first holdback pair being both females. 100% of quitters fail.
@OlympusReptiles
@OlympusReptiles 4 жыл бұрын
@@adrianhoverter7198 I agree. I might have misunderstood your comment as well. If keeping it after the rainy day fund, and bills are all paid etc. Then yeah! Just don't want people selling a snake, putting that in pocket, then not having money for a rat/litter/rack bill etc.
@adrianhoverter7198
@adrianhoverter7198 4 жыл бұрын
I believe you did misunderstand. I meant once your snakes are paying for themselves, no longer taking money from me. You now have what used to come out of your paycheck to pay for rats, litter ect , you can save that money or use it for day to day stuff. It feels like extra money. So yes anything coming in from snakes...is their money.
@flereptiles5971
@flereptiles5971 6 жыл бұрын
Awesome content! Thanks for the video 👍
@alainacoffee3977
@alainacoffee3977 6 жыл бұрын
Good advice!!
@jadegray2730
@jadegray2730 6 жыл бұрын
I'm not really sure if you will respond but here we go. I really appreciate how unfiltered and genuine your content is. Your channel is definitely my favorite. I love that you place emphasis on the real life struggles and financial management when owning these amazing animals. You just come up with an idea, turn the camera on and have a conversation. I definitely want to breed ball pythons (not as a means of money, I just want to produce my own beautiful animals) and your videos have helped me create realistic goals for this future. Thank you. I also have a quick question, I just got a baby ball python and I'm not sure how to go about sexing her (the person I got her from said it was a female but wasn't positive). Do you suggest that I take her to a vet, probe, pop, etc? I don't feel super confident in probing but I believe I have done enough research on popping. I've heard some conflicting ideas on sexing snakes and I just want to know what you personally suggest.
@reptilesrodents
@reptilesrodents 6 жыл бұрын
Personally I'm real good with money but not everyone is my brother can't hold a dollar for a hole day but what I'm saying is that's a great video it's very helpful and always appreciated where in this together, well you know what I mean and thank you for all your help always appreciated
@thisisme2916
@thisisme2916 6 жыл бұрын
Amazing videos love watching and learning new things (QUESTION What morphs/projects would u recommend getting into for the 2019 year breading season and how would u go about it from the start)
@OlympusReptiles
@OlympusReptiles 6 жыл бұрын
Depends on what you want to make. Choice should reflect passion for sure
@SpartanReptiles
@SpartanReptiles 6 жыл бұрын
Excellent topic guys! I agree 100%
@DEAexotics
@DEAexotics 6 жыл бұрын
great information Matt thank you for sharing
@BakugouKarkat
@BakugouKarkat 6 жыл бұрын
I ran into that problem with people on Facebook thinking that I was going to start breeding snakes for the money, THAT IS NOT WHAT I PLAN ON DOING!!
@reptilesrodents
@reptilesrodents 6 жыл бұрын
I get that to it's for the love of the snakes first if you mame some money great that's awesome but it's for the hobby first. For me at least
@BakugouKarkat
@BakugouKarkat 6 жыл бұрын
@@reptilesrodents I haven't bought anything for the hobby yet, I'm still working on getting money together
@reptilesrodents
@reptilesrodents 6 жыл бұрын
Well just don't give up I researched and watch videos for almost a year before I was able to put my money down on a couple which worked out because I feel like I'm so much more knowledgeable for it. Now to get hands on so just don't give up and it will work out like it's should
@BakugouKarkat
@BakugouKarkat 6 жыл бұрын
@@reptilesrodents well with me not working right now its hard to put money away
@reggie8370
@reggie8370 6 жыл бұрын
@@reptilesrodents you don't have to breed for the hobby. The hobby is toxic. Breeding to make money. I love the gentics and potentials of the snakes. Selling them is a plus. Too many unwanted snakes sold to others who want them for their "potential" to make money. Love the animal first, then the money.
@fajarkawitan2306
@fajarkawitan2306 5 жыл бұрын
gosh, wish I watch this video much earlier, this simple but outstanding idea, very smart, thanks alot
@jthinerman1184
@jthinerman1184 6 жыл бұрын
Thanks man great video and very helpful!
@daleeso
@daleeso 6 жыл бұрын
Great content matt.glad you cover these kinds of topics. In your opinion (and anybody else who would like to chime in) do you think someone just starting out and is "unknown" as a breeder would have a harder time selling those initial clutches of snakes and thus maybe increasing expenses having to care for those snakes for a longer period of time? Would you have any advise/suggestion for someone who is unknown to maybe overcome something like this? Maybe a vid or a 2nd part to this vid covering something like this..as always keep up the great work with those balls and content with the videos 😀
@OlympusReptiles
@OlympusReptiles 6 жыл бұрын
We all were that way at one point. I think being new you have to hustle a bit more, but they will sell
@reptilesrodents
@reptilesrodents 6 жыл бұрын
I Also think it helps with places like morphmarket and stuff like that to hell put your products in the faces of many most buyers there start with prices then see who the breeder is so in some sense you don't have to be someone to sell there
@reptilesrodents
@reptilesrodents 6 жыл бұрын
Help not hell
@IAMGiftbearer
@IAMGiftbearer 6 жыл бұрын
I can tell you that if you have the snakes people want it really won't matter whether you're well known or not. Just be sure to make it clear that you will be there for them both before and after the sale and put it in writing. That is probably the only concern buyers have with newer breeders. If you have that spelled out then I don't think you'll have a problem. If you have a place where satisfied customers can leave reviews you can also point to this as a reference once you've sold enough to have customers' opinions. Another thing you can do to gain the trust of buyers is to let them know if the sire or dam is from a well-respected lineage. Many savvy buyers know they can get a better price on lines they know are high quality by getting them from a smaller, newer breeder. (Same quality but they aren't paying for the big name). So for instance, if one of the parents came from Justin Kobylka or NERD, or Royal Constrictor Designs, be sure to include that detail in your advertising. If they want proof be prepared to show paperwork of some sort. Also, keep good records and be sure to let the buyers know how a particular baby is eating, what size, and the hatchling's weight. All this will show that you are breeding responsibly and that you want them to be as informed as possible; not just trying to get rid of the animal as quick as possible.
@daleeso
@daleeso 6 жыл бұрын
@@IAMGiftbearer hello and thank you for the input and ideas/advise. It totally makes sense and i agree a combination of those if not all can help potential buyers feel better when purchasing from a person just starting..again thank you for the input i greatly appreciate it
@jamesnelson1970
@jamesnelson1970 6 жыл бұрын
that is what i had to do. I was growing too big too quick and had to step back and really think about what i was doing
@anthonybianchi9927
@anthonybianchi9927 6 жыл бұрын
Ballies! Lol loving the recent vids
@royaldesignpythonsorionjon720
@royaldesignpythonsorionjon720 4 жыл бұрын
Good video!
@joeyrekiel
@joeyrekiel 6 жыл бұрын
Great vid guys! Very real topic, thanks for the advice 👌🏼 when’s Kurt going to be making an appearance again? I love the rat videos! How’s the new facility coming along?
@OlympusReptiles
@OlympusReptiles 6 жыл бұрын
It is coming. Been working there all day
@TraKing-ei2qk
@TraKing-ei2qk 6 жыл бұрын
Good video
@snakelifereptiles4970
@snakelifereptiles4970 6 жыл бұрын
Great advice
@cheyennehathaway3596
@cheyennehathaway3596 6 жыл бұрын
I think its funny that I can't afford a Christmas for myself but my pets are a different story lol priorities
@von1790
@von1790 6 жыл бұрын
Great video
@madelineu7971
@madelineu7971 6 жыл бұрын
I did the math on a snake vs a dog and a snake would be a way better idea for a college grad in terms of price and time investment. My mom told me she will buy me a dog and pay its first year of bills (food, vet, toys, etc) after I graduate. I do not want a dog because of yearly vet visits, monthly feed costs, and I would not have the time to spend with it as a puppy if I work a full time job. Ball pythons can live up to 30 years and Kenyans can live up to 20, a dog only lives about half that. I want a pet and I know I could afford a snake much easier than I could afford a dog long term. I love dogs but as a veterinary technician I can’t in good conscious adopt an animal and not be able to give it the best care. I see that too often at my job. For example people don’t do enough research on a certain breed and can’t afford the expenses that come with the breed’s health issues so the animal suffers. Or people don’t socialize the dog/don’t teach it appropriate behavior and they opt to euthanize it for being “a bad dog”. I don’t want to become that person. I think this video kind of ties into that. Before getting any animal people need to plan out expenses for the animal’s life.
@bobbyjean9323
@bobbyjean9323 5 жыл бұрын
I've done some math on breeding and for six hundred you could get a couple of snakes food racks and an incubator
@OlympusReptiles
@OlympusReptiles 5 жыл бұрын
I think you will find prices vary a lot. Buying used, building, buying new? What snakes? Do the racks prepare for babies as well as adults? It will always cost more than initial thoughts, as things come up. However, this video is made to give realistic expectations of the situation given based on the experience. It isn't meant to discourage, it can certainly be done!
@bobbyjean9323
@bobbyjean9323 5 жыл бұрын
I have a calider right now and would buy a super pastel. There is a rat breeder that owns the rodent barn two hours away. I would buy a five rack from tgr. And have dividers in two of the racks for baby's and I would also buy an exo terra incubator. That ends up being six or seven hundred dollars
@cbrunk5370
@cbrunk5370 4 жыл бұрын
Do you have or could you do a video on knowing when to go from hobby to business. Is there a certain number of funds you should be making? At what point should I start filing taxes? do tax right offs take part in that? Should I do or not do tax right offs? Is there a benefit to it? basically I am just a hobbiest. 2nd year, I breed lizard, not snakes. I do not make much at all and like you said it in no way pays for my investments. But I also do not want to cross any lines where I could get into trouble. Last but not least, do trades count in that as income?
@ssaccoccie
@ssaccoccie 2 жыл бұрын
This is great! I'm kicking myself for buying $5k in snakes this year, and now my electric bill is almost $500/month. Ouch! I'm curious what I would need to do to write them off as a business expense. I'm assuming I'd need to register as an LLC?
@OlympusReptiles
@OlympusReptiles Жыл бұрын
just saw this, don't know why it took that long. Yes. You can't write off your whole bill if it is in your house, but a portion. Get registered as a business (llc, whatever you like) then find an accountant that works with small business. He/she will know the rules, save you on taxes, give you advice how to save more, and keep you out of jail. Someone will say I do it this way and it works just do that. Works until it doesn't if you get sideways with the tax folks. Not worth it.
@PreacherBoyRonP
@PreacherBoyRonP 5 жыл бұрын
How do you plan to breed enough mice or rats per snake?
@michaelross5674
@michaelross5674 6 жыл бұрын
Good info
@jeffwisell91
@jeffwisell91 6 жыл бұрын
All about the infrastructure!
@CatNip379
@CatNip379 3 жыл бұрын
What is the best kind of racking system to invest in when you're new in the Hobby and how much should you look forward to a spend the whole setup?
@OlympusReptiles
@OlympusReptiles 3 жыл бұрын
That just depends on budget
@ToddAutry
@ToddAutry 6 жыл бұрын
Is this with the new phone? Liking the video quality
@OlympusReptiles
@OlympusReptiles 6 жыл бұрын
Nope. That is with our actual camera.
@stabulouskoda834
@stabulouskoda834 6 жыл бұрын
Could you make a video about ways to save money doing this..?
@Ricardowieringa
@Ricardowieringa 6 жыл бұрын
Being a snake breeder is my dream the money is just a fun bonus
@StarcraftGT500
@StarcraftGT500 2 жыл бұрын
Can this be done with other snakes? Like carpet pythons for example? Doesn’t seem like there’s as much interest in carpets.
@OlympusReptiles
@OlympusReptiles 2 жыл бұрын
Yes
@wap1309
@wap1309 5 жыл бұрын
I love you dude
@zachbumgarner8653
@zachbumgarner8653 4 жыл бұрын
is there anyway to contact one of you personally i have a few questions i have been saving for a while about 5 years and want to make less mistakes as possible and im also looking for a few snakes.
@zachbumgarner8653
@zachbumgarner8653 4 жыл бұрын
been saving to be able to start a small hobby business. i'm not made of money it has taken me a really long time.
@whitney6641
@whitney6641 4 жыл бұрын
If you're starting out very small at what point should you worry about establishing an actual legal business entity and paying income taxes etc? Like is there some kind of line between hobby breeder and legitimate business?
@OlympusReptiles
@OlympusReptiles 4 жыл бұрын
Watch the new series we are doing, at some point in it we will discuss that
@whitney6641
@whitney6641 4 жыл бұрын
@@OlympusReptiles I will! Thanks!!! 🐍
@whitney6641
@whitney6641 4 жыл бұрын
@@OlympusReptiles Have you started this new series? And if you have could you please tell me the title of the series? I looked at your playlists, but didn't see any that jumped out as new. Thank you so much for your time!
@CatNip379
@CatNip379 3 жыл бұрын
Can you explain the patreon account in the way it works because I tried opening a patreon myself and I was completely lost so maybe I approached it the wrong way maybe I understood it the wrong way is there a video that you can make to help us understand snake patreon page
@OlympusReptiles
@OlympusReptiles 3 жыл бұрын
I can try. Basically, if you search Olympus Reptiles on patreon you will find us. To sign up, it will help you make an account
@CGaming_
@CGaming_ 6 жыл бұрын
Never gonna be millionaires? I think with time and if you keep expanding, I believe you can. : )
@OlympusReptiles
@OlympusReptiles 6 жыл бұрын
Maybe, but that certainly isn't the goal.
@CGaming_
@CGaming_ 6 жыл бұрын
@@OlympusReptiles Yes, of course ☺ Good video!!
@lowlifeexotics3070
@lowlifeexotics3070 6 жыл бұрын
Truth!! ✌️🐍❤️!!
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