Can i make profit by buying, training and selling horses? - Page 2
 
 

       The Horse Forum > Training Horses > Horse Training

Can i make profit by buying, training and selling horses?

This is a discussion on Can i make profit by buying, training and selling horses? within the Horse Training forums, part of the Training Horses category

    Like Tree30Likes

     
    LinkBack Thread Tools
        03-02-2014, 09:02 PM
      #11
    Started
    I think there is a lot of risk to it. What if you have a horse for one month, its doing well and it gets hurt. Let say it blows a tendon and may or may not be sound again. It requires a minimum of 6 months stall rest before you even know if its going to be sound. That puts six months of stall rest and it may not be sound what do you do with the horse than? If you are counting on 4000 that just tossed that out the window. Likewise, what if a horse is not a good prospect or comes along slower.

    I think if you have skill as a trainer and you don't own your own boarding/training facilities I think its easier and better to train horses that are owned by someone else. You don't have as much of the financial risk that way.

    In the end, there is money in horses I know I put it there. Which is a nice way to say that horses and training don't make a great way to make money. If you are a student and don't have a stable income than I don't think horses are a way to bridge that gap.
         
    Sponsored Links
    Advertisement
     
        03-02-2014, 09:52 PM
      #12
    Weanling
    This is something I have been considering for some time. I think there are some variables that need to be considered. First off, I think you need to have a market before you get started. For example,my plan is to be able to pick up 1-2 gaitedd horses and spend 90days apiece on them and sell them as field trial horses, because I know there is a market for field trial horses. Maybe you live in an area or are involved in a hobby where you have connections. However. I think the market is currently flooded with decent all around horses. Also you need to have a plan to keep any horses you can't sell. You also need to know when to throw in the towel and take a loss.

    However, I think the biggest thing is to concentrate on A horse market rather than THE horse market. I don't think you will ever get rich horse trading but you might feed a habit.

    Jim
    Foxhunter likes this.
         
        03-02-2014, 10:08 PM
      #13
    Weanling
    I just read through the rest of the replies, and 1 thing I'm worried about is a comment you make about mean horses and "turning them". My experience is that a mean horse typically will always be "testy". What is your willingness to bite the bullet on one that comes back? You take the risk of having to possibly home and rehome one, or risk the bad publicity of walking away from one after it is sold. For example, I have a mare here that I could triple my money on at about $300 (I've been offered 10x that), but I can't risk someone else getting hurt on her. Are you willing to keep several lemons if it comes to that?

    Jim
    Chasin Ponies likes this.
         
        03-02-2014, 10:19 PM
      #14
    Trained
    Take a close look at what you can sell a horse for in your area. Where I live, it sounds like your finished product is about a $1500 horse. OTOH, a young trainer with good word-of-mouth could probably make $25-30 training someone else's imperfect horse, with no risk of loss at the end. IIRC, I paid $35/hr a couple of years ago for a woman we know (and with a solid reputation) to come over 4 days a week to work Mia, and it took 2 full months at that pace to get Mia rideable...and she didn't need to sell Mia to anyone at the end!

    Unless you are very confident on getting your end price, I wouldn't try it in today's market.
    jaydee and Chasin Ponies like this.
         
        03-02-2014, 10:34 PM
      #15
    Started
    Quote:
    Originally Posted by bsms    
    Take a close look at what you can sell a horse for in your area. Where I live, it sounds like your finished product is about a $1500 horse. OTOH, a young trainer with good word-of-mouth could probably make $25-30 training someone else's imperfect horse, with no risk of loss at the end. IIRC, I paid $35/hr a couple of years ago for a woman we know (and with a solid reputation) to come over 4 days a week to work Mia, and it took 2 full months at that pace to get Mia rideable...and she didn't need to sell Mia to anyone at the end!

    Unless you are very confident on getting your end price, I wouldn't try it in today's market.

    I think doing something like this would be less risk,more steady income.
    If you get good results after helping just 1 or 2,word travels fast & you could have lots of work
         
        03-02-2014, 10:40 PM
      #16
    Showing
    Can you make money? Depends. How much of a profit margin are you really looking at? Let's say you buy a horse for $500 and put 4 months' training on it. How much are you spending in board? Gas? Feed? Farrier? Vet? Misc. Supplies?
    Once you really start looking at the costs, your profit margin is going to be minimal, at best. Do you have your own place?
    I once bought a horse for $400 and sold it 6 months later for $3500. But when I looked at the actual costs, my profit margin was minimal.
    Chasin Ponies likes this.
         
        03-02-2014, 10:53 PM
      #17
    Foal
    Thank you for all the replies,

    @Jimmyp that's a good question you had about the " mean" horses. I just have to be very careful. Even though I'm not too concerned " turning them" but you're right. There are a view horses that like to constantly challenge their rider and if the rider don't know how to handle it, could lead to problems. I wouldn't want to sell a horse like that to a beginner.
         
        03-02-2014, 11:00 PM
      #18
    Foal
    @ JustDressageIt

    boarding is about $100/ a month food included, farrier about $100 and vet depends. I'm happy even with a little profit. I'm not trying to get rich of of it. Its just something I love to do and when I can earn a little extra money doing it, great!

    you look great with your horse btw :) very nice pictures
         
        03-03-2014, 12:49 AM
      #19
    Showing
    Thank you!

    If you do it right, yes you can make a profit. However, there are so many variables that can make things go wrong, and fast. So, if you're okay with the risks - go for it! But know in the end you could end up with a lemon. Best of luck!
         
        03-03-2014, 01:51 AM
      #20
    Yearling
    I'd imagine you could live and maybe make some form of a profit.

    I have family friends and the husband is a horse trader. His job involves him buying and selling horses. His wife gives riding lessons and works at a feed store. His daughter is some form of a traveling rodeo rider I think and his son is a horse trainer so to be honest I'm not sure how much of their income actually comes fro the father.

    They've managed to stay afloat though so I'd imagine if you can get them for cheap enough and sell them for more than you spend keeping them on your property you could turn a profit. Enough to make a living? Eh...maybe not. Enough to sustain the practice as a hobby? Probably yeah.
         

    Quick Reply
    Please help keep the Horse Forum enjoyable by reporting rude posts.
    Message:
    Options

    Register Now

    In order to be able to post messages on the The Horse Forum forums, you must first register.

    Already have a Horse Forum account?
    Members are allowed only one account per person at the Horse Forum, so if you've made an account here in the past you'll need to continue using that account. Please do not create a new account or you may lose access to the Horse Forum. If you need help recovering your existing account, please Contact Us. We'll be glad to help!

    New to the Horse Forum?
    Please choose a username you will be satisfied with using for the duration of your membership at the Horse Forum. We do not change members' usernames upon request because that would make it difficult for everyone to keep track of who is who on the forum. For that reason, please do not incorporate your horse's name into your username so that you are not stuck with a username related to a horse you may no longer have some day, or use any other username you may no longer identify with or care for in the future.

    User Name:
    Password
    Please enter a password for your user account. Note that passwords are case-sensitive.
    Password:
    Confirm Password:
    Email Address
    Please enter a valid email address for yourself.
    Email Address:

    Log-in

    Human Verification

    In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


    Old Thread Warning
    This thread is more than 90 days old. When a thread is this old, it is often better to start a new thread rather than post to it. However, If you feel you have something of value to add to this particular thread, you can do so by checking the box below before submitting your post.

    Thread Tools

    Similar Threads
    Thread Thread Starter Forum Replies Last Post
    Training and Re-Sale for profit 4horses Horse Training 16 02-22-2013 09:53 PM
    Opinion on free training/profit from sale? Iseul Horse Training 15 01-24-2013 01:08 PM
    Is it possible to make money buying young horses, training and then selling them? ButtInTheDirt Horse Training 25 12-06-2011 10:16 PM
    buying and selling? Horse Dreamer Horses for Sale 9 01-04-2010 08:36 PM



    All times are GMT -4. The time now is 04:55 AM.


    Powered by vBulletin® Version 3.8.5
    Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
    Search Engine Friendly URLs by vBSEO 3.6.0