Business ideas always pop up in the head every now and then. The need to satisfy a demand for an item you feel is lacking is what gives birth to businesses that end up blowing up later on. The boating business is one area that offers unlimited opportunities for anyone who has a vested interest in boats.
Depending on the location and the prevailing economic conditions, the following are boat business ideas that can be turned into something viable.
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Sale of Boats
Boat sales do very well in places that are close to a large water body, like beach towns. In most of these places, boats are the main modes of transportation. Fishing boats are also a big hit in such areas since fishing is a favorite hobby and bonding sport for coastal residents. This is one of the boat business ideas that requires a substantial amount of capital, but the returns will be very good once you establish yourself.
One of the things that discourage many people from owning their own boats is the space that boats need for anchorage. A place where they can store the boats when they are not in use. Setting up a dock is among the best boat business ideas you can ever come up with in this situation.
It would be a place where people can safely leave their vessels for as long as they want, at a fee. The one advantage of this business idea is that you will not even have to spend too much constructing a dock from the ground up. Instead, you can go for a cheaper prefabricated floating pontoon or dock that is ready to use immediately.
Cleaning boats is no easy job. There is special equipment required for the job; For starters, you will need a lot of space, something like a water yard for boats to be stored, it must be big enough to handle as many boats as possible.
You will also need advanced cleaning tools like special brushes that scrub the hull clean, vacuum and steam cleaners, detergents, wood polish, glass cleaners, and so many others. Lastly, and most importantly, you will need to hire hands to help you with the job since it cannot be handled by one person alone.
Personalized Cruises and Tour Guides
Every holiday season, coastal towns and places that are close to large water bodies receive a significant number of visitors from other places. The allure of the beach and a chance to be on a speedboat are what attract these hordes every year.
Among the many boat business ideas, you can start a tour guide enterprise, taking your clients for a trip around the area, showing them the stand-out features at a fee. You could also organize personalized cruises on yachts that can also include fishing and exploring caves and beaches.
Spare Parts and Repair Shop
Sometimes, when a boat develops a mechanical malfunction, it will have to be transported to a shipyard for repairs. This could be in another part of the country that is not connected by water.
The boat would have to be transported by road, and this is costly. Having a solid background in the mechanical workings of a boat gives the expertise to set up a repair shop to bring the services closer to the people. Not only will they save money, but they can also get newer spare parts anytime they need them.
Owning a boat is a very expensive affair. For instance, speed boats start from $75,000 while fishing boats are on the higher end at about $100,000. This is not cheap.
For many people living extra to a water body, owning a boat may be out of their range, but that does not mean they should be denied the luxury of using one. Starting a boat rental business can give them the opportunity to use these vessels, and in exchange, you get regular income from the daily rentals.
Boat Training Firm
Just like cars, you need a license to be able to operate a boat. Starting a company that trains people to drive boats can only work if you yourself are a licensed trainer with years of experience.
The process of getting a license can belong, and at a small fee, you can choose to act as the intermediary between the state agencies and your clients. You will also need to be well-versed in safety protocols regarding the operation of boats since all trainees will be your responsibility until the completion of the training program.
Start a Boat Show Event
You could organize an annual event for boat owners where they all pay a registration fee to participate in various events like races and showcasing their boats to the world. The benefits accrued from such an event are many; for a start, depending on how big the event grows into, you could attract major sponsorship from boat brands looking to increase their customer base. Another advantage is the congregation of people in one place opens up opportunities for other businesses like food catering and security services.
Holding a wedding on a boat ranks highly on many people’s bucket lists, with many of them willing to pay an arm and a leg to have that chance. If you have a boat that is big enough, you can start operating wedding cruises for people where they pay you a fee to be able to tie their nuptials on top of a yacht as the sun sets on the horizon over the sea.
As it is clearly evident, there is no shortage of boat business ideas that you can turn into reality. If you live close to the water it is time you started thinking about what you could do to create a revenue stream for yourself. Before choosing any of the ideas mentioned above, do market research first to determine what is lacking in your area then find ways to address that need.