I’ve been hearing about the minuscules size of the plant market for years. I agree that is a tiny fraction of the market out there back then and remains so today.
If you are a commercial interest, you have two perspectives here. One is, too small and I won’t make money on it today. I will focus on a larger market like reef tanks.
The other perspective is to count your blessings that you found a niche that you can totally control and grow without competition. A longer term view for sure but it’s all upside.
The reef aquarium hobby was also minuscule back in the day. No one knew what to do with or if you needed an iPad. What counts is that somebody focused on a small market or created one.
The reality is that according to 2022 statistics, 10% of the US population owned tropical freshwater fish. That’s 11.5 million households. I think BRS Fresh is the only one thinking they can convert some of those into true hobbyists. Petco and Petsmart also think they can win a tiny percent or they wouldn’t carry plants.
Where they are failing is in not having a proper marketing campaign to get it going.
Anyways, we can beat this to death and get frustrated. I feel good that we are doing our part in helping to spread the word.
If you are a commercial interest, you have two perspectives here. One is, too small and I won’t make money on it today. I will focus on a larger market like reef tanks.
The other perspective is to count your blessings that you found a niche that you can totally control and grow without competition. A longer term view for sure but it’s all upside.
The reef aquarium hobby was also minuscule back in the day. No one knew what to do with or if you needed an iPad. What counts is that somebody focused on a small market or created one.
The reality is that according to 2022 statistics, 10% of the US population owned tropical freshwater fish. That’s 11.5 million households. I think BRS Fresh is the only one thinking they can convert some of those into true hobbyists. Petco and Petsmart also think they can win a tiny percent or they wouldn’t carry plants.
Where they are failing is in not having a proper marketing campaign to get it going.
Anyways, we can beat this to death and get frustrated. I feel good that we are doing our part in helping to spread the word.