Reptile business, all about the money. How to handle your snakes MONEY!

[@reapper31]

Thanks for the business series that you're doing. I'm really learning a lot from y'all you're one of the best on KZbin. Please keep doing what you doing man you're helping a lot of us out here.

[@OlympusReptiles]

2 dislikes before it can even be watched. The HATERADE is strong lol.

[@ariellelewis4507]

Bastards. Lol

[@ToddAutry]

Butt holes

[@smokeybear520]

When you got those haters that’s always dislike your shit you know you’re winning !! It’s funny to think some ppl wait for a person to post to dislike it....but also give them that view 😂

[@OlympusReptiles]

Todd, am I seeing you in a couple of months?

[@kattmoore941]

IF YOU AIN'T GOT NO HATERS, YOU AIN'T POPPIN!! 🤷🏽‍♀️ YOU ARE POPPIN!! 💪🏾🤜🏾🤛🏾😉😁😁 YOU ARE TEACHING SO MUCH, I THANK YOU FOR THIS, SO MUCH!!

[@beccatalley9298]

The fact that hr had the snakes on a pile of money...had me both in awe and in tears lol

[@CortezAutoServiceMobile]

Great video I just picked up a baby I’m hoping to make some babies in a few years. Hoping to document things on KZbin so hopefully I got people waiting in anticipation for the newborns.

[@jacobledbetter5090]

Great stuff as usual. Excited about the accounting, LLC, and tax video. Thats like the last big hurdle in my research. Im about three weeks away from investing about $35,000 in some multi- recessive projects and jumping on the Monarch and Monsoon train as well. I got a meeting with a CPA next weekend to go over my options so it will be good to have a better idea going in. Thanks for all that you do man!

[@cdd67598]

People fail to realize that if they put the money they make back into their snakes, the money they would have spent out of pocket is now in their pocket. It’s a nice feeling when your business pays its own bills during the year

[@ginganinja9135]

I think you can apply that to any business.

[@Melloxgello]

I love that you make these videos! I’m just getting started and your channel has really helped me know where to focus my efforts and how to make smart moves. Please keep up the great content. 💚🐍✌🏻

[@michaelgallagher4962]

Great video Matt. I am not breeding snakes yet still wet behind the ears with snake breeding but I do exactly as you say with our egg business. All money made from eggs goes in there chicken business envelope and it is only used for feed and bedding. This year we have 40 new baby hens (pullets) that was all paid for with egg money ago it is sustaining itself nicely. But you're right it's the chickens money in my case. Again great way to describe this topic.

[@almightysanchez4565]

Not even half through and I love this video man

[@taeviansworldofreptiles3828]

This was brilliant! Took so many notes for my future breeding plans.

[@GraysReptiles]

Fantastic job on this video explaining the costs with being a breeder of ball pythons.

[@bluelinemorphs]

I am patiently waiting in grand jury for this to drop - Let’s go let’s go let’s go!

[@ginganinja9135]

😂😂😂😂

[@World-Of-Reptiles]

Thank you this was so helpful as I’m starting my own breeding business soon. I do know I am not going to get super rich but it will be a long time investment. Could you do more of these videos?

[@zippedmouthgaming5637]

Awesome video. Also important to remember to track the equity, if you're mentally struggling with putting that money back into the business. Kind of like buying a house, that money isn't just "gone forever," and if you really wanted to liquidate, you could. In my experience, remembering that you still "have" the money in equity, it's just not liquid, helps stave off those feelings of panic when you think "I've spent too much!" No, you haven't. Not as long as, like these videos have said, you are managing it as its own entity and not choosing between your bills and your animals.

[@cappyatl]

LOL, the blood at the end looks like it's holding up that dollar bill like it's a tip at the club.

[@johndague4235]

great video matt! :)

[@almightysanchez4565]

Can't Wait for the tax video

[@DowntheRoad40]

Damn good video 👍👏.

[@chrisdunn4457]

Awesome vlog! There's a couple trust fund babies I see out there and it blows my mind what they spend on snakes! 100,000 plus a year usually more!! Man, what I would give! Hopefully I'll be selling to some of those guys soon!:):):) Again, great vlog on how us normal folks run our snake business.🙌

[@ToddAutry]

Good stuff man

[@adrianhoverter7198]

Looking forward to the tax guy. Love Axanthic pinstripe.

[@stu--art]

Hey Matt. What were those two morphs you showed in the beginning? Very beautiful snakes.

[@OlympusReptiles]

Pastel calico and toffino

[@jajatus2002]

Where would you say most of your revenue comes from? Online sales or expos? I live up here in Maine and making it to expos probably isn't going to happen until this really takes off... I was hoping to creat a brand and then try and survive from online sales only. ..... All the while trying to manage my construction business 😆

[@OlympusReptiles]

Most of mine is definitely online. Mostly through the private patreon group. I sell to them first before public, and they also have a buy/sell page on the discord to do business with each other.

[@jajatus2002]

@@OlympusReptiles currently working on insulating and framing up a snake room in basement. Once I get a girl for my male albino pied I'll join the discord/patreon so you guys can help me through my first season. You always respond and are willing to help! Thank you!

[@redsovine1592]

Matt,how many clutches per year do you guys put out and how long did it take you to build to this point?

[@OlympusReptiles]

About 20 to 25. About 5 years.

[@redwoodninja5334]

Curious if being a business do you have to have a business license and pay taxes on it

[@OlympusReptiles]

Yes. Kind of. Business license may be required in cities etc. We are an llc recognized by the state of Kansas. We pay our taxes every year, using a CPA to make sure it's done right.

[@teslasgeckos2727]

Did u ever make a tax video?? I would love to see it

[@OlympusReptiles]

We haven't

[@justindees8798]

So, I have three females who will likely drop clutches within the next month or so. This is my first actual production of new animals. Is there a place that you go to collect data to help decide how much your new animals should be worth? Up to this point I've always considered the cost that I paid for an animal if I considered reselling it but since I paid 0 for these new ones how do I know whether I'm coming in above or below the market?

[@OlympusReptiles]

Use morph market, what you would pay, etc.

[@edwinmonah5670]

Is dose snakes makes your money grow

[@edwinmonah5670]

How much are you selling dose snakes

[@OlympusReptiles]

Depends on snake

[@TanyaBecherWoodturning]

hi

[@rebelreloading5265]

Wanna see that ball python guap 💵

[@ohminsun]

Nice dollar air snatch

[@AceHardy]

💲

[@asifjan7987]

Ficon snake 🐍 Available

[@michaelross5674]

Your missing your calling.... Stand up comedy

[@jamesbaker9325]

#BIGFACTS....

[@Armandov_8080]

I need help! My mom will not let me have a ball python :( how do persuade her?

[@thehitomiboy7379]

Hello, Theres no single answer. However the best ways are generally to show how passionate and knowledgeable you are, good research, well planned (budget) etc. And some buttering up helps. It might also help to take her to a local reptile show to see them. Good luvk!

[@OlympusReptiles]

Do that

[@Armandov_8080]

@@thehitomiboy7379 thanks for the help

[@michaelshurak4609]

Armando Valencia move out and pay your own rent.... hahaha sorry I couldn’t help it, I’m joking but if you reallyyyy are passionate for these animals you’ll find a way to persuade her lol

[@michaelshurak4609]

Armando Valencia I was just joking with you lol but definitely get her to go to a reptile expo/ show with you and just be yourself and she will see the interest and love you have/ and will have for these beautiful animals if she were to let you take one home.. that’s the best way I think

[@kattmoore941]

ABOUT HOW LONG BEFORE YOU START MAKING MONEY THAT YOU DON'T HAVE TO SINK ALL OF IT BACK INTO THE BUSINESS? I HAVE 11 SO FAR, AND STILL BUYING, I'M DOING THIS BECAUSE I LOVE SNAKES AND I'M A SINGLE MOM THAT'S DISABLED, AND CAN'T RAISE MY BOYS AND MY BABIES OFF OF THE LITTLE DISABILITY I GET SO TRYING TO BREED MORPHS INSTEAD OF JUST HAVING THEM AS PETS.🤷🏽‍♀️

[@LaNcerblade100]

damn

[@tyronewalter6428]

Nice

[@OlympusReptiles]

When the corner turns just depends

[@jamesaust3272]

You didn't even talk about all the tax benefits!!! If this is an LLC, you're able to write off nearly all things you're using for that business. This can include things you might not think about like your house, electricity, phone, computer, and ANYTHING else that adds to that business. Obviously, you'll want to talk to a tax expert to ensure you're in the up and up, but there's a LOT to be saved from the tax man. These are good videos though, keep it up :)

[@OlympusReptiles]

We did cover that, on patreon!!!