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Welcome Frugalistas!

What exactly does frugal lifestyle mean?  I believe it’s being smart and savvy in your choices. Prioritize and take control of what’s important to you and you will come out ahead.

This blog and website offers frugal tips and money saving ideas to help you live a richer life. Save money on everyday living. Start living the "Frugal Lifestyle" today.

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Monetize Your Hobby Farm With These Tips

4/5/2022

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Image via Pexels

by Hal Salazar


As the world goes digital, many consumers are looking for balance. If you're a homesteader, you're perfectly positioned to meet this demand with simple, back-to-nature products and services. Whether your talents lie in animal husbandry or arable, your hobby farm has the potential to bring in additional income.

Ways to Monetize a Hobby Farm


Some ways to monetize a hobby farm are:
  • Sell farm food products. Earn money from produce, meat, eggs, bread, jams, and honey. Make sure to check food regulations.
  • Sell handmade items. Options include crafts, soaps, and quilts.
  • Teach classes or workshops. Instruct others in practical farm skills such as farming, beekeeping, welding, canning, or quilting.
  • Create an online business. Build social media profiles, a blog, or a YouTube channel about your farm. Make money with ads, affiliate sales, and sponsorships.

Brand Your Farm


Create a brand that captures the personality of your hobby farm and helps it stand out from the crowd. Start by:
  • Naming the farm
  • Writing a mission statement
  • Outlining your brand values
  • Creating a logo, selecting colors, and choosing a visual identity

Set Up the Hobby Farm Business


If you're planning to create a business from your hobby farm, it's helpful to set up a formal legal structure. Once your company is official, you'll enjoy limited financial liability, more affordable tax rates, and flexible operations. Legal business entities also have an easier time securing funding. Your province or territory may have specific rules; a business formation service can save time and cut out expensive attorneys.

After you complete the legal registration process, you can seek funding to improve or expand the farm. Grants are a fantastic option — they provide a cash infusion that helps get your finances in order. For nationwide farm funding, check out Agriculture and Agri-Food Canada (AAFC) grants; you can also take advantage of government grants for small businesses. 

Top grants are extremely competitive; a well-researched business plan can help you succeed. Don't waste time applying for every grant — check eligibility requirements, make sure the availability suits your funding needs, and look for grants designated specifically for small farms. When you have a shortlist, create a high-quality, tailored application for each award.

Marketing and Managing Your Hobby Farm

Get the word out about your farm with effective marketing. Since you'll also be running the farm, it's helpful to outsource these tasks — you can hire professionals on a part-time or contract basis to help with:
  • Web design and development
  • Brochures
  • Social media management 
  • Online store setup

You can also look for free online tools and apps to help with your marketing. For example, if you don’t have business cards to hand out to potential customers and clients, use a free business card maker to quickly put a design together. Many of these tools will allow you to put together something in as quickly as 30 seconds.

Once your hobby farm becomes a business, you'll find yourself with more responsibility than ever. Manage efficiently by:
  • Hiring an accountant 
  • Creating a calendar to stay on top of marketing, events, and farmers markets
  • Hiring part-time help during busy periods

Make Money from a Hobby Farm

Running a farm and a business takes time and effort. By staying organized and efficient, you can increase profits and enjoy your homesteading lifestyle.


About the author:

Hal Salazar created Elders.Today to lend a helping hand to seniors via carefully curated resources. Hal is newly retired, and as he embarked on planning and preparing for his golden years, he realized there was a lot of information to keep up with so he started gathering it all on his website to help out his fellow seniors. When Hal isn’t working on Elders.Today, he enjoys walking at his local park, testing out new recipes with his wife, Marlene, and playing piano.



  
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    What does living frugally mean to me? Well, it does NOT mean being cheap, quite the contrary, I believe it’s being smart in your choices, such as how you spend your money everyday. Prioritize and take control of what’s important to you. I always strive to spend less on almost everything.

    In this challenging economy, some of us have had to cut back on our expenses. Wouldn't it be nice to still have the things or services you want and need but not have to pay full price or even better, get them for free? 

    Choose value and quality over quantity or fads and you will come out ahead. The great benefit of being frugal is that it eliminates waste and clutter which in turn helps our environment.  By doing simple changes towards more “green” and frugal ways, together we can make an impact on our planet. 
        

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     Hi, my name is Marissa Winfrey and I have been living the frugal life ever since I can remember. I have always looked for great bargains and getting the best value for my money without compromising style and quality.

    My background is in visual display and interior decorating. It’s always been my objective to recommend cost effective solutions to my clients. I, of course, practice what I preach! I have furnished my own homes mostly with furnishings and decor items from my own little vintage boutique, estate sales, discount stores, flea markets, yard sales, thrift stores and even curbside discarded furniture!

    My frugal practice goes beyond the home. I offer money saving tips on just about everything, from shopping to travel and everything in between. I hope my blog and website will inspire everyone to be their own Frugalista.
        
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Read and learn about useful tips and tricks from experts on how to live "the frugal lifestyle" everyday!  Check out the books below, to see more of my top picks of frugal and financial savvy books, please visit The Frugal Book Store.
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Living The Savvy Life:
The Savvy Woman's Guide to Smart Spending and Rich Living
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It's Not About Being Cheap.  Living the Savvy Life isn't about being a cheapskate, a miser or a tightwad.  It's about having security and peace of mind by spending less than you make.  It's about knowing where you stand financially on a daily basis so you can make intelligent fiscal decisions. 

​It's about being penny-wise on the things that are less important to you so you can spend money on the things that are important to you. It's about choosing to purchase only the things that you love and make you happy.  
It's about finding, attaining and maintaining balance.  Are you ready to start Living the Savvy Life?

   
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​Thrifty: 
Living the Frugal Life with Style


Best-selling author Marjorie Harris offers a timely and entertaining guide to living the richly frugal life. From tips on how to haggle to becoming a frugal fashionista, maintaining your home on a budget, and thrifty gardening, travel, and entertainment, Harris provides essential guidelines to living a quality life on less. Written in her trademark witty, engaging, and accessible style, Thrifty is packed with simple and savvy tips drawn from Harris' own fulfilled, thrifty experience. Bonus tips come from renowned experts such as best-selling author Margaret Atwood, chef Jamie Kennedy, actor R. H. Thomson, travel writer Sylvia Fraser, and The Globe and Mail's style columnists.
  
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How to Retire Happy, Wild, and Free: 
Retirement Wisdom That You Won't Get from Your Financial Advisor
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How to Retire Happy, Wild, and Free offers inspirational advice on how to enjoy life to its fullest. The key to achieving an active and satisfying retirement involves a great deal more than having adequate financial resources; it also encompasses all other aspects of life -- interesting leisure activities, creative pursuits, physical well-being, mental well-being, and solid social support. 

What sets this retirement book apart from all the others is its holistic approach to the fears, hopes, and dreams that people have about retirement. This international bestseller (over 110,000 copies sold in its first edition) goes way beyond the numbers that is often the main focus of retirement planning in most retirement books.
   
To see more of my top picks of frugal and financial savvy books, please visit The Frugal Book Store.

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