Off-Farm Income

Today, I am replaying my interview with James Budd of Alpacas Of Montana.  This is perfect segue into our ag business interview tomorrow, talking about luxury wool and fleece production.  At the time I did this interview with James he had built a worldwide brand with Alpacas Of Montana.  He continues to grow and succeed, and it is my pleasure to bring the interview to you again.

Below are the original show notes:




Do you like to be warm in winter?  Who doesn't?  Would you like to farm?  Who wouldn't?  Our guest today combined these two things and now has 5,000 of his closest friends over on the weekend!

James Budd and his wife Sarah are accomplished professionals in their respective fields.  About fifteen years ago James decided that he had accomplished enough, and he wanted to try something on his own....anything.  He talked with Sarah about raising alpacas after reading an article, and she reminded him of the several reasons that would not be a fit for him.  She was right, but then he had two other things happen on the same day telling him he should pursue this business.  He tried again and Alpacas Of Montana was born.

James and Sarah moved from Colorado to Bozeman, Montana, bought property and of course, alpacas.  They began raising these animals and learning about them.  Eventually James came up with five different revenue generation models from these animals and started pursuing them all.

The revenue model we talk the most about today is the production of products from alpaca fiber - socks, hats, mittens, gloves, etc.  Alpacas Of Montana now produces a wide product line that are sold all over the world.  James has a passion for business in general and of course, his business.  This has led to their latest open house on the farm in Bozeman with over 5,000 people coming to visit.


GET HELP:  Nobody has accomplished great success without getting help from others.  Don't be afraid to seek your own.

SMART: When it comes to your particular product, service or area of expertise be the smartest person in the room.  Know the most.

NETWORK: The old saying is "it's not what you know, it's who you know".  James really believes that the power of your network will be a key to you being successful.....but he still believes that what you know is very important.


"A Little Bit Of A Lot Is A Whole More Than A Lot Of Nothing" - find your market and get a piece of it.  Then work on getting a bigger piece.


RE-PRIORITIZATION: James prioritizes his day, everyday.  About mid-day he does it again to get the most productivity.

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