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to me its the worst way of making money, I do it for fun sometimes or to decorate my gh
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Blueh made all of his money off of bug catching. He regularly had 300k in his wallet solely from catching bugs.
If you sell them in hordes you can definitely make a lot of money from it, I have seen some people who sell all their bees and get about 100k, and they've only been catching them for a week.
Of course, it's best to wait for the day the witch needs them.
I personally don't really catch bugs, I used to catch hordes of Agrias and Morpho butterflies in the Oasis and sell them for a quick 20k or 30k, but I get lazy.