What could be some of the most lucrative buinesses involved with yachting industry except building boats?
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...
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- buying yachts lol...i own 3
- 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.
- 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.
- Commision sales! There is no investment needed except time.
- 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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