Are you looking for a way to make money with your boat rental business? Then you are at the right place. This article will give you a brief overview of what you can do with your boat and why your boat is a good option to earn money.
Many people are considering starting with a boat business, but not most of them are doing it. Why? They are afraid of failing, lack of knowledge, or any other major reasons. No matter how big or small your boat is, renting it for fun or profit is a great notion.
There are many ways to make money with boats. Use this guide on how to make money with boats to help get started.
1. Provide Cargo Delivery Services by Boat
The easier, faster, and safer way to deliver small to heavy cargoes. It is the most cost-effective means of transporting cargo over any distance. The goal to make money with boat rental services through cargo delivery is a global phenomenon.
It is the only mechanism that can deliver goods to remote beaches, islands, or harbors that are not accessible by road or other transportation. Additionally, fishing trawlers move their catch to nearby harbors, ships pick up supplies at nearby ports, and cruise ships take tourists to nearby islands via boat deliveries.
Regular delivery services of cargo by boat will generate a steady income for your business. Cargo delivery services can include the transport of vegetables, wood, or other bulky materials.
2. Offer Boat Rentals services
The boat rental business is a fantastic way to earn money from your passion for the sea. Boat rental business involves renting out either pleasure or commercial boats, to people who need them for various purposes, from fishing and water sports to cruising along the shore.
To create a successful boat rental business all you just have to do is provide required safety equipment and have strong working knowledge about safety procedures, charting, seasickness relief, and boating rules.
Boat rental business can make you easy money if you go for an exclusive location with few boats and all the necessary equipment. Some of the most popular options for boat rental services include:
- Renting out your boat for private parties during weekends
- Renting out your boat for photo/movie prop for movies, TV shows, or commercials
- Offering boat rental services to yacht charter Companies
To create a competitive edge on your boat rental business, you mustn’t simply offer boat rentals services but also provide some additional perks. Your customers tend to spend more money if they are treated well so don’t forget to do some things that will allow you to earn a good reputation.
3. Offer Boat Sightseeing Tours
Sightseeing tours are a great way to make money with your boat business, especially if you have a nice view of the water. Put up some signs or posters around town to let residents know that you take boat tours.
People pay good money to see sights that are far away like the Grand Canyon and Niagara Falls. They don’t even know if they will like those sites until they arrive. So why not create a perk for your boat rental business and offer your guests a sightseeing tour?
This might be an interesting experience for tourists who are visiting the area as well. You can bundle this with any other rental or tour package so it allows you to increase your bottom line. Your options include
Boat fishing tours are great for both people who want to learn how to fish and experienced anglers that want to go somewhere quiet. Set up a schedule of different fishing sites along with an overall price for the tour, pick up passengers from the docks, and take them out to sea.
For a few hours’ work, a fishing trip tour usually costs $200+. As always, ensure that you comply with local laws.
Romantic dinner cruise
A romantic cruise on the water is one of the most memorable and enjoyable date nights a new couple or young lovers can have. it is guaranteed to bring fun and satisfaction to birthdays, anniversaries, valentines day, or simply tonight.
Make money with your boat business and help lovers realize their romantic dinner cruise dreams.
Offer boat tours to naturalists and learn the whale pods. Bring your binoculars and take a look at these magnificent animals. Tourists will be willing to pay for the entertainment and the memory of the tour. This is another source of income from your boat.
4. Become a Boating Blogger or Vlogger
Have a passion for boating and love to share your knowledge with others? Then, blogging or vlogging may be a great business for you. One interesting thing about this is that you don’t have a boat of your own.
You can still make money from it by becoming a boating blogger or vlogger. It won’t be an easy task but it will educate and open new doors in life.
Besides, there is a huge market niche for boating blogs and vlogs. There are thousands of boating companies that create products for this niche. You can justify blogging or vlogging if your post/shoot content is unique and persuasive enough that it will get the attention of advertisers and sponsors.
Also, whether it’s tips and advice on purchasing a boat, renting a boat, boating news, or a comprehensive guide on a type of boating, a boating blog can help establish you as an expert in your field. You can target both consumers and businesses with your posts.
If you’re a good storyteller, you can make decent money from running a boating business blog or vlogging a boating channel on YouTube or similar video networking sites.
SEE: How to start a free blog and make money as a total novice
5. Partner up With Diving Companies or Companies That May Need Your Boating Services
Once you have a boating business going, look for companies that may demand your services. To make money with the boat business, partner up with diving companies in your area. You can partner up with diving companies around the country by advertising your ability to provide boat rides.
This is a huge profit center because now you not only get paid from those who rent boats from you, but also by your guests on board and those diving and having fun on the boat. This boating business opportunity is suited for entrepreneurial-minded people with great paying customers such as resorts and hotels.
6. Offer Boat Training and Certification Courses
As a boat rental service operator, you can offer online training courses that can create more value for your customers. You can offer training courses to prepare tourists for their boating experience. To ensure their safety, you could teach them how to read charts and maps.
To give them a better idea of the sea conditions they will encounter, you could teach them how to read weather forecasts and pre-trip planning before venturing out to sea. If you have your own boat charter business, you could also offer certification courses for those who want to become yacht skippers themselves.
Depending on the training level, you can charge upwards of $200 per hour. Nevertheless, make sure you fully understand your local laws and boat insurance requirements.
7. Offer Boat Cleaning Services
Boats are some of the dirtiest things that one can own, especially for those who like fishing on their own. Over time, the boat becomes home to all sorts of bugs and insects, some of which can be very harmful to the person onboard.
If you have a passion for boating and love caring for boat engines, why not offer boat cleaning services? Besides, it has low startup costs and once you get up and running you can effectively work during your spare time outside of your day job.
You can move from place to place and take care of people’s boats. These services have a rising demand as the number of people going for holidays on boats is rising at a steady pace. So, you’d better grab a good market share now before it’s too late.
Cleaning boats may not be as glamorous as sandy beaches or tiki bars, but it can also be very profitable.
Bonus Tip – To Make Money With Boat Business and Rentals, Have a Boat Insurance
All boat owners must take good care of their vessels so that they are well protected from accidents, theft, fire, or weather conditions. The best way to ensure your boat is to have all the hulls covered by Insurance.
Boat insurance for boat rentals does not have to be too extensive. You can limit it to liability coverage that covers accidents that involve a third party. Additionally, you can protect yourself from loss of the equipment and inventory on your boat if you have a more comprehensive insurance policy.
This will help ensure that if anything unexpected happens, you are covered. A reliable boat insurance provider can help you out.
What type of boat do you need to start a boat rental service?
You need a variety of boat types to make money with this type of rental business. If you can afford it, it’s a good idea to start with a small cabin cruiser, large cabin cruiser, and pontoon or flat-bottom fishing boat. [In my opinion, these would be the most popular boats in most areas.]
The type of boat you need depends on the market you’re serving. For example, on a lake or large pond, speedboats and water taxis might be best for ferrying customers from different areas of the lake to your business and back. A luxury boat or cruise boat startup business would be a good idea in tourist towns.
Where do you find people to rent my boat?
Networking is really important when it comes to boat business, so you have to go where the people are. Talk to your friends, neighbors, and relatives who have boats about the business opportunity.
First, you have to list your boat for rent on a boat rental website. Or you can come up with an ad poster, there are a lot of websites that charge very low for this purpose. You can also choose to use the classified ads section of local newspapers or magazines.
What is a good business growth strategy in the boating industry?
A boating business, whether it is retail or boat rentals, does not necessarily have special growth strategies. A solid marketing strategy for boat businesses is to grow through word of mouth. It is always helpful to let customers know of any new developments with the business and how it is doing.
For example, if clients are happy with you, then they will tell other people about your services. You can then tell these people about your business which ultimately creates a cycle that grows the business further.
Every day there are people missing out on millions of dollars, just because they have no idea how to start a boat business. The fact is that the boat rental business is huge, not only in the US but around the globe.
If you live near water, you don’t even need to go far to get started. There are some best ways to make money with boat business and boat rentals.
I hope you enjoyed reading this post. You might want to scale up and have other sources of income with different modes of transportation. The most common one that comes to mind is, of course, cars.
You may ask “what if I just want to start a business with little funds?” Don’t worry, I’ve got you covered. There is an article titled small business ideas you can start with a little budget, check it out. You’ll find it informative.
In conclusion, feel free to check out Tosinajy, it is a blog that offers tips and guides on how to make money. Regardless of the field of your life, you will find something that will benefit you. All the best.
Thanks for reading.