Boats can be quite a handful to maintain both time-wise and financially. This is why you should have a steady plan for your boat.
If you keep your boat indoors and abandoned throughout the year and use it only for 3 weeks of summer, you may be missing out on a lot of opportunities.
There are several ways you can make money with a boat and we’ll be sharing some of them.
1- What type of boat do you have?
The first thing you need to consider is the sort of boat you have. If you have a fishing boat, a ski boat, a deck boat, or a motorboat. The type of boat you have will determine how you can make money off it.
For example, if you have a fishing boat you can choose to rent it out or give it out and split the fish between yourself and the person you lent it to. It is also important to know that some boats are more profitable than others.
2- Give Rides –
If you live in an area surrounded by lakes, tourism may be a good industry for you. For this, you should have a deck boat or a boat with a lot of open deck space.
This way you can give rides to tourists. In cases like this, you will need to contact your local government as well as whatever association is in charge of giving rides across the lake of your choice. You may need to pay them a percentage of whatever you earn or purchase a membership.
3- Long term leasing –
If you’re the sort of person who doesn’t use your boat often, consider long term renting. This is when you lease your boat out for several months at a stretch.
Think of it like an apartment that you can lease to someone in exchange for rent. If you don’t have much free time and would like some extra cash, look into this.
4- Sell the boat –
If these ideas don’t appeal to you, consider selling your boat. Network Yacht Brokers is a company that specialises in selling and buying boats and yachts.
For 40 years NYB has satisfied customers all over the UK and Europe. You can contact them if you have a boat for sale in Kent.
For more information on boats, yachts, and yacht brokers check out Our New Boat for fascinating and educational articles.