More Expensive than Gold
"The processed venom can fetch as much as $7000 per ounce"- Men's Journal article on venom collecting
The other morning I was reading a story about a man who nurtures 280 diamondback rattlesnakes. Every two weeks he milks his 280 snakes and each one gives him 3/4 of a gram of venom. In other words the 280 snakes give him a total of 210 grams of venom. Since there are 28 grams per ounce this results in 7.5 ounces. In other words $7000*7.5= $52,500 every two weeks.
Wow! This is a serious business since the venom is used by pharmaceutical companies to make medications.
I do not like snakes but this is an impressive business. At over a million, the person running it is earning over a million. His costs would be feeding the snakes two mice per month which is about $1 and the healthy maintenance of these animals. In other words minimal cost high maintenance.
So why do I care? Most of us would not believe the profitability of this dangerous business. Yes it is dangerous BUT once you master the handling of these snakes the rest is pure business. It is scary to those of us who do not like to handle snakes but I believe a viable business for many who are not so squeamish.
Today's question is:
"Could you handle running a snake venom business if it means $1 million dollar profit?"
"The processed venom can fetch as much as $7000 per ounce"- Men's Journal article on venom collecting
The other morning I was reading a story about a man who nurtures 280 diamondback rattlesnakes. Every two weeks he milks his 280 snakes and each one gives him 3/4 of a gram of venom. In other words the 280 snakes give him a total of 210 grams of venom. Since there are 28 grams per ounce this results in 7.5 ounces. In other words $7000*7.5= $52,500 every two weeks.
Wow! This is a serious business since the venom is used by pharmaceutical companies to make medications.
I do not like snakes but this is an impressive business. At over a million, the person running it is earning over a million. His costs would be feeding the snakes two mice per month which is about $1 and the healthy maintenance of these animals. In other words minimal cost high maintenance.
So why do I care? Most of us would not believe the profitability of this dangerous business. Yes it is dangerous BUT once you master the handling of these snakes the rest is pure business. It is scary to those of us who do not like to handle snakes but I believe a viable business for many who are not so squeamish.
Today's question is:
"Could you handle running a snake venom business if it means $1 million dollar profit?"
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