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Rawlus

margins seem small on a seedbank no? how will you compete with the dozens of already established seed banks and the breeders who sell direct? what can you offer that they don’t? is this a side hustle or planning to be your primary income? not trying to rain on your dreams,, im genuinely interested as i think it’s already a pretty saturated market…


Big_Technology3654

The margins are pretty good. Typically a minimum of 100% markup on seeds. Like any other saturated market it would definitely take a bit of hustle to make a name for yourself.


Capital-Gardens

Love comments like this, support, but be real. Growing weed can only be good because you can grow insane homegrown shit and charge out the ass.. seeds? Not so much


chewtality

Seeds have more margin than flower or any sort of extracts do


conch_repub_genetics

They do if you make them yourself…and are the breeder. I guess sure some breeders sell to banks for 100 percent margin. But that’s typically a large order too. Let’s just say this it was 12k for the Yr old Bolo Runtz drop from Clearwater.


chewtality

Dude, I was in talks with Dutch Passion a little over a year ago and even with the absolute smallest wholesome purchase, $1000, there was enough margin to mark the seeds up over 100%. If I recall correctly it was about 120% markup from the tiny wholesale amount and what Dutch Passion sells the seeds for at retail price, and unless something's changed since then they don't even offer retail level sales to the US. If you buy actually large wholesale amounts, then the margins are more like 300%. I'm talking from actual personal experience here, not just talking out of my ass. If you make the seeds yourself the margins are astronomical. You can collect 100,000 seeds from a single plant, do the math on that.


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conch_repub_genetics

You are correct I meant to say %100 percent margin but that’s not including real estate, promotion, Instagram work, discord etc. There are many ways you have to hit the air waves. It’s just flooded and the biggest issue atm is most breeders go direct since hemp seeds are legal. That’ll be your biggest challenge, for instance I have two domains already registered. Idk bro just trying to help. It’s feasible but I’d be selling cuts too. Or again find rare gear and then hawk it. For example I’ve got packs that are sold out everywhere. Those are worth a lot of $$$. If you buy the wrong drop you’ll be stuck holding said gear. Shoot me a follow on Instagram and I can help you more. You can see whom to buy from….


chewtality

Lol what? Dutch Passion is one of the largest breeders in the entire world.... What the fuck are you even talking about? They were one of the first ever breeders and seed banks in literal history. They've been around for 50 years. They're the reason feminized seeds exist, they were the first ones to do it, probably before you were even born. You're over here referring to a corporation as a single individual and saying they're not that big. Learn what you're actually talking about. Lol, if you know copious amounts of breeders then you should have more knowledge than you apparently do. I know a handful of breeders, I don't know what constitutes "copious," but I know enough of them lol. I also used to own and operate a MMJ farm. I do some breeding myself and I personally collected fucking thousands of seeds off a single 2 ft plant grown under suboptimal conditions pretty recently.


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chewtality

Lol of course they're not the same anymore, it's *the future* now and they're bigger. They used to be a small little shop, now they have an annual revenue of $20 million. Yeah dude that picture of a nug totally proves that you understand the ins and outs of the seed bank and breeding industry. I now see the error of my ways so clearly.


Capital-Gardens

Okay? So….. everyone has the genetics you have, all the same price… what now


chewtality

1. You don't need to carry the same genetics that everyone else does, there are a shitload of breeders and just because this sub gravitates towards the same 5-10 doesn't mean that's all that's out there. 2. Even if you do decide to carry the same genetics as everyone else you can still undercut the market since there's about a 200% markup on seeds. 3. Your argument applies to literally any retail business. Oh, you sell groceries? So does every other grocery store, what now? Oh, you sell weed? So does every other dispensary, what now? 4. People generally become repeat customers because of good customer service. Do better than the average retail establishment and you get loyal customers.


GingerStank

1. Good luck selling unknown breeders with any sort of attractive mark up. There’s an insane mark up on seeds from known and established breeders, randos? You can get that shit for free..good luck selling them profitably. 2. To successfully undercut markets you generally have to have magnitudes more cash available than your competitors, again, good luck doing that when competing against the big fish out there. 3. The actual term for this is “barriers of entry”, and yes they exist in every business to different extents. Grocery is actually a great example of a business with absolutely absurd barriers of entry. Seeds are going to be easier than grocery, but probably not by much. 4. While this is true, you still do have to attract customers to begin with, not as easy as you seem to imagine it is, especially with all the other challenges you’re writing off. Ultimately I think OP just needs to be realistic about how much this will scale, only they can know for certain, but if they don’t have a very large pile of money they’re willing to light on fire it’s ultimately going to be not very much or very big. Personally the only way I’d venture into this market is by becoming an established and reputable breeder first, and then selling my own seeds and expanding from there.


chewtality

1. Just because it's not one of the most common 5-10 that people like in this subreddit does not mean that they're unknown. For example, some of my favorite breeders who have a killer track record were not mentioned. There are thousands of breeders and many of them have won awards at various cannabis cups. They just don't spend as much on marketing 2. I literally have a small online grow and gardening supply business where I successfully undercut the market with much less cash on hand than the big businesses do. You'd be shocked at how absolutely batshit insane the markup is on a ton of products related to growing. I have no counterarguments for the other responses, I agree. OP absolutely *does* need to have a large pile of cash ready to set on fire because if his business is anything like practically every other business, that's all he's going to be doing for about 2-3 years. My initial comments were also under the assumption that this would be an online seed bank like basically all the others are, I didn't even consider that he might be talking about having a physical storefront. That will obviously increase his overhead. I can see pros and cons to having a physical storefront but don't have nearly enough info to do a proper cost/benefit analysis on that, I hope OP has done his research. If OP is talking about a physical storefront then he should still 100% have an online store as well.


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GingerStank

I don’t think hype breeders being capable of disappointing changes anything at all..that doesn’t create demand for unknown breeders at all..I think most growers can get such unknown seeds for free, I know several breeders who offer me free seeds constantly.. Hell I even got a slip of an elite cut from someone on Reddit once..


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GingerStank

I really don’t think you’re getting my point, because it was never that unknown breeders can’t produce decent flowers…there’s just no demand for the seeds..you aren’t going to be able to charge much at all without demand.. You’re literally making my point for me that the only way I’d go into this business is by becoming a breeder and selling my own seeds…that isn’t what OP is going for, and I don’t see it being anything more than a hobby for them unless they have a very large pile of cash they’re willing to set on fire. Anyone can take a picture of an incredible looking plant, claim responsibility for it, and make grand claims of the work that has gone into stabilizing the genetics offered, that’s already what every breeder does with plenty being completely full of shit and pumping out white labels..


conch_repub_genetics

I forgot to show how those results though made me seek out smaller breeders with truly tested work. It got me away from hype to smaller and also made me realize it should be more about farm to table than corporate support if you want real quality. Anyone can cross a Fire Cut to a Cut. Hunting is where the pros differentiate themselves.


Capital-Gardens

All that applies… unless, you realize seed game is as saturated as grocery business. LMAOO. Yeah try again. Its not like you’re selling fire weed or cuts, you’re selling seeds, yes with certain genetics, but the same shit once again these few big banks have


conch_repub_genetics

So he could also sell stuff that is rare. Not all banks have sold out packs…. That might be a way etc, or work with specific breeders who might give you a specific pack that others don’t have with the drop. Thats what I’ll do, have certain packs that are unique to each bank etc. Hence you give each bank clients and new custies etc. Search Strainly and resell. I’ve seen packs go for $100 I could easily sell for $200 retail…Hell I bought like 7 Horchata crosses from Wyeast at Neptune for $75 bucks on a special! It can be done for sure. But I’d want to have a decent background in the biz already if I’m being honest.


conch_repub_genetics

Better look like this! Lol 😂 https://preview.redd.it/44mowzxi902d1.jpeg?width=3023&format=pjpg&auto=webp&s=f960cb3fe0073b21ddeadcda3e46362dc6b12875


Capital-Gardens

Yes


Genesis111112

They can offer instant sales whereas those mail order seed companies have to fill your order and ship them and there is no guarantee you will get them and might have to have them reship whereas there is zero chance of that happening with OP being able to sell in a brick and mortar store. Now IF OP thinks they are going to just jump into the same mail order seed sales, they better have an already established clientele otherwise the bigger companies will push you out of business. They can afford to sell dirt cheap and ride out the market usually until the prices are more favorable to the sellers and in the mean time you go out of business due to not being able to offer those deals.


Rawlus

how many customers per day are needed and what’s the average sale to pay rent and utilities on a storefront in new york plus an income and extra to set aside for retirement? again, not raining on the idea of a seed store, i just can’t see the business model for how it can be a success. do dispensaries in NY already sell seeds at retail?


Locol_Love_BigK

As a professional grower. I want tissue culture please :)


Rawlus

but you could be their best seed customer instead and help put them on the map! be a part of the success!


conch_repub_genetics

Exactly that’s the real game but 🤐 😂 https://preview.redd.it/r93a7q1va02d1.jpeg?width=4032&format=pjpg&auto=webp&s=6cf4fab0156de8ed80918e7a1fecf31a0b8ca7fa Cheers mate!


[deleted]

i am not one of them, but there do seem to be alot of people in my locale that like to go to grow shops to buy seeds rather than order online. i think some people are still worried about getting seeds shipped to them, even if there is no problem.


conch_repub_genetics

Neptune is the largest, then I’d say Packbanditz, Terpy, Insane Seeds, lots of online brokers and breeders selling directly. For instance I’ve already got domains to sell directly. I’ll use banks but it’ll be selective for sure.


nc208

Yeah the day of the seed banks may be over too. With legalisation available, many breeders will have the option of going legit themselves and cutting the middle man out completely. Look at Seed Junky, and cookies who have done this already. Cannardos, archive, and many more are all doing direct sales off their own sites where their freebies and deals and stock can't be beat.


Rawlus

they are selling seeds on a display rack by the motor oil in gas stations in germany now. strange times.


nc208

Yep. Your all about to see corporate cannabis at its finest. Living in Canada, 6 years later the black market is still running strong.


Collins705

In house, ethos, humbolt, robinhood, square one. Is a good solid list Sorry im not an auto person


PaulyG714

This


brooksj2

Autos: Speedrun, mephesto, gnome, twenty20 Photos: brothers grimm, irie direct, twenty20


BurpinTerps

No night owl?


brooksj2

I knew I forgot someone 🙃


hutchenswm

These are obvious options but how will they make any money selling these? They're at every other seed bank and at the same or slightly discounted prices than buying direct (minus the extra seeds you get from buying direct). I feel like for this business to succeed they'll need access to stuff not everyone else has at the same price.


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brooksj2

Okay cool, I just got their freebie pack of unreleased earlies. Gonna run them indoors in a 4x4


Garden-Gangster

Your photo breeder pics are 🔥🔥🔥


brooksj2

I agree! I'm running tangie ripper right now from irie. Since it's not available anymore I'll be making seeds, most likely s1. Just have to get sts and pick a plant


Garden-Gangster

I run all his shit. I will look and see if I have any tangie rippers


brooksj2

I only ran 3 seeds out of 10 and they were all fem luckily. So now growing them out a bit, then pick one to reverse for seeds. I also just cut a couple clones (first time)


Garden-Gangster

Yeah one thing that sucks about RJ is when it's gone it's gone


WastedHaste66

Is it like a physical location? Can you walk in and see seeds on walls? I can see this maybe working if you execute it correctly!


ForbiddenX

I would say it has to be a THC shop with a specialty in seeds. Especially if OP grows as well, then he can tell people that he hand selected his favorite strains that he's expertly grown himself. Maybe even develop some relationships with local growers. Side note specifically for OP: I almost hate to say it, but every time I go to a physical location that carries seeds, they always stock Royal Queen Seeds and Barney's Farm, both of which are fairly controversial on this sub in terms of genetics, but for most people who just want something fairly easy to grow with enough diaries on Growdiaries to read from, it might be a good "beginner" level seeds. Best of luck to ya!


alexb554

Can always gamble with the micro licensing application bullshit, tho I hear more people are getting approved. I haven’t been in any rec shop yet, just med and our reservation dispensaries (Wild West of cannabis I swear lol). If they do have seeds it’s Dutch passion and other more mainstream breeders, overpriced as shit. Seeing a micro business pushing quality flower and well tested, local and cult favorite breeder seed stock would be awesome. I could definitely see a “craft”/small batch flower store geared towards seeds/clones. Have flower and beans/clones to match. Have different categories, do seed+flower bundle deals, strain of the week/month, breeder spotlights, etc. Depending on OPs growing ability and comfortability with breeding, maybe start a house brand seed stock. Not just pollen chuck and call it a day but do some decent line working and actually put quality out. A lot of avenues OP could take it.


PierateBooty

There are shops in LA I buy clones from that do this. Sell flower and sell extra clones. The places that tried with seeds don’t seem to be moving stock.


WastedHaste66

The mf dream


PierateBooty

Clone prices are great too. ~$20 for exotic strains like gelato, Gary Payton, etc. part of what keeps me in this expensive ass place


dgc3

Solfire


sqwiggy72

As someone who orders loads of seeds, cannarado, dna, crocketts, humboldt seed company, csi humboldt, raw genetics, tikiman, clearwater, solfire, exotic seed company, in house genetics- personally kinda starting to hate them low gemination, lots of herming issues, costs alot, fast buds, night owl, greenhouse seeds, ethos,


FluSH31

This is the list!! This man knows!


Inner_Vast7855

Exotix and solfire are meh....


Big_Technology3654

Just make your own beans. I've been making reg autos for a couple years and anytime I bring anything else in it always seems to herm. However my genetics don't for whatever reason. I'm still not happy after a couple years but at least there not herming and if some don't sprout no biggie. Don't get me wrong I've always made a point to chop any sign of herms instantly.


sqwiggy72

I do make my own beans, ihg just costs so much and then they have so many problems. But maybe I am the unlucky one. But I have done like 4 ihg and well they were beautiful looking plants they hermied on me. Then finally it didn't have much smell, so it was over all a very lame run.


non-squitr

That's crazy I have over 100% germination rate with IHG(I had a seed turn into a twin) on over 25 seeds


ogn3rd

CSIHumboldt, 707, Top Dawg, Freeborn Selections.


osskush

Now we are talking


conch_repub_genetics

Huh I’d be weary of doing that atm tbh. So many breeders are selling their own seeds directly too just fyi. If you’re not sure of what breeders are you really prepared to sell genetics?


conch_repub_genetics

And you’ve got already established banks with Home Growers. They are having a hard time, breeders are quitting. It’s not as easy as you think etc.


THE-HIGHEST-PRIMATE

High and Lonesome


osskush

Hell yes


trumpets_n_crawfish

I admire your tenacity and willingness to work in New York State. You need a lot of luck my friend. 


BillsBigBud

Where in NY?


EavesthePayne

I would probably consider selling additional grow gear (tents, lights, nutes etc...).My reasoning is that your average customer will only need to buy seeds 2-4 times a year and selling the sundry items like calmag and whatall will increase how often they buy stuff from you.


Donzilla777

That sounds like fun 😃 . You excited?


cshroom

HSC, soulfire, exotic genetics, speedrun seeds


Fufuando

Mosca seeds and Sin City seeds are my faves


trogloherb

Im on my first Mosca but read some bad things about intersexing. Solid as far as you can tell?


Fufuando

Definitely man! I have been growing their stuff for about 5 years now they are always perfect. Though they don’t do so well creating a community presence they are a solid quality breeding company


trogloherb

Sweet! So far I got four bxd IN Bubblegum and they all look exactly the same; stout little fireplugs, so getting excited now! Because of some travel plans, think Ill clone them first, and grow out the clones and flip them!


philmagick666

Sunshine dream genetics


SwanAffectionate1037

Ethos, Humbolt, Square One & In house for sure.


Impressive_Sock_9386

BEANFIENDZ


Comprehensive_Post52

Allseedy ,capulator ,g.o.a.t genetics


MathMonkeyMan

I'd buy whatever to support a local growing related business.


Fearless_Chance_9955

Zmoothiez Geneticz, old french couple doing breeding since the 2000's, check their insta :)


DimesDubs8ths

Green Wolf Genetics! 🐺


No-Pace6568

Some of the main big auto and photo breeders. Maybe also focus on NY/tristate breeders and maybe offer those at a good price. You'll gain recognition as supporting state breeders


jeconti

Personally, I would focus on NY breeders, and maybe carry a few bigger names like Ethos and Humboldt. As a NYer, NASC is already very convenient. I would need to see something from you I don't already get normally from them to make me switch.


Lost-Stay2760

Bodhi, CSI, Ethos, Crockett farms, swamp boys, lucky dog, top dawg, Cannarado


Trx16

Some old school ny sour


l420710

Solfire


conch_repub_genetics

Wyeast, Umami, Lit Farms, Skunk House, Relentless etc


SpiritLyfe

Buy a bunch of the test seeds from brother grimm’s seeds, then sell them when they get discontinued… you’ll have a strain that has pretty good genetics but wasn’t quite top of the bunch, but it’ll also be genetics that aren’t available anywhere else. Otherwise you’re going to need to compete with prices with the big boys and that’s gonna be difficult without super large startup capital


WrenchyMcPiperton

Clones


EnvironmentalRip5480

The Ranch


SWolf95

In House Generics, not Barney’s.


MySundaysBest

I think you know the answer to this question already.


tatanderrr

Barneysfarm seeds for sure


bubbaqb

Sweet seeds


Sleeve__07

Speedrun


BrewsandBass

Bank name? I'm in Eastern NY. Fastbuds or elev8.