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PostHeaderIcon What could be some of the most lucrative buinesses involved with yachting industry except building boats?

CJ Dad asked:


Any business related to yachting industry which can be a possible lucrative business venture you can think of or you are currently running? Can be either manufacturing or services…

Silver Oak

5 Responses to “What could be some of the most lucrative buinesses involved with yachting industry except building boats?”

  • Silver Oak says:

    Silver Oak

    buying yachts lol…i own 3

  • Silver Oak says:

    Silver Oak

    Since yachts have to be cleaned very often to make sure they are at tip top shape, maybe start a business that cleans the outsides and hulls of yachts. I wouldn’t want salt water eroding my yacht. You could also do Catering or Interior Design.

  • Silver Oak says:

    Silver Oak

    Insurance.

    There is a well known saying:
    The best way to make a small fortune in the marine industry is to start a business with a large fortune.

  • Silver Oak says:

    Silver Oak

    Commision sales! There is no investment needed except time.

  • Silver Oak says:

    Silver Oak

    I have a friend who is in the business of overseeing yacht rebuilds and retrofits and there seems to be a need for people who can understand and repair electrical, HVAC and plumbing systems. Corrosion control is another huge one — corrosion seems to be a major factor in the degradation and deterioration of any marine vessel. Also, inspections for safety, insurance claims and for certifying seaworthiness for people looking at buying a yacht (similar to home inspectors who work for realtors and mortgage companies.) However, all of these require quite a lot of tecnical training and tests for certification. So they may not be what you are looking for in the short run.

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