24 Unique Ways To Make Money With A Boat ($6K Monthly!)

Want to make money with a boat?

Here, we’ll show you 24 awesome ways to make money with a boat, where to buy a boat and more.

Enjoy!

Make Money with a Boat Personal Picks

Here are some quick picks to inspire you to turn your boat into a profitable venture:

• Most Profitable: Charter boat fishing
• Coolest: Floating bed and breakfast
• Out-of-the-Box: Boat-based retail store

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Make Money with a Boat Quick (24 Interesting Ways)

Charter Fishing

Estimated Monthly Earnings: $3,000 – $10,000

Charter fishing is a popular way to make money with your boat. As a boat owner, you can offer fishing trips to tourists and locals who don’t own boats but are keen on fishing. Websites such as FishingBooker can connect you with potential customers.

To become a charter fishing captain, you must obtain a captain’s license and ensure your boat has the right equipment. This typically includes rods, reels, bait, tackle, and perhaps even a grill to cook up dogs and burgers for your guests. Some charters offer specialty services, like deep sea fishing or fly fishing expeditions.

Boat Rentals

Estimated Monthly Earnings: $2,000 – $8,000

Peer-to-peer boat rentals are a growing trend in the boating world. Platforms like Boatsetter and Click&Boat allow boat owners to rent their vessels to others without using them. It’s a great way to offset the cost of ownership and make a bit of money on the side.

Renting your boat out can be quite lucrative, depending on the type of boat you have and its location. Factors such as seasonality, boat type, and local demand can all affect how much you can make. However, it’s important to consider the costs of boat maintenance and insurance when calculating potential rental income.

Boat Tours

Estimated Monthly Earnings: $2,500 – $7,500

Boat tours are another excellent way to make money with your boat. Whether you’re cruising around a picturesque lake or offering eco-tours along a scenic coastline, there’s plenty of demand for this type of work. Depending on your location and interests, you could offer sunset cruises, wildlife spotting tours, snorkeling, or historical tours.

Companies like GetMyBoat can help you market your tours to a wider audience. Remember, you’ll need a captain’s license to operate a tour boat, and it’s a good idea to have a knowledgeable guide onboard to provide interesting information to your passengers.

Water Taxi Service

Estimated Monthly Earnings: $1,500 – $5,000

Operating a water taxi service can be a smart way to make money with your boat. Water taxis are often in high demand in coastal cities or island communities. They provide a unique and efficient mode of transport for both locals and tourists.

Starting a water taxi service requires a commercial-grade boat and a captain’s license. The earnings potential will depend on your location and competition. Websites like WaterTaxiNow can help you get started with your water taxi business.

Boat Cleaning and Detailing

Estimated Monthly Earnings: $2,000 – $6,000

Boat cleaning and detailing is a business idea that doesn’t necessarily require you to own a boat. However, if you own one, it can provide an additional source of income. Many boat owners prefer to hire professionals to keep their vessels in pristine condition, especially during the peak boating season.

You must invest in cleaning supplies and equipment to start a boat cleaning business. You can advertise your services on local marinas or websites like Boat Planet.

Yacht Delivery

Estimated Monthly Earnings: $3,000 – $10,000

Yacht delivery is a niche service where skilled sailors transport yachts from one location to another. This can be a great way to make money while sailing worldwide. It can be seasonal work, often picking up in the spring and fall when people move their boats to and from warmer climates.

You need strong sailing skills and a good reputation to become a yacht delivery captain. Crewseekers can connect you with yacht owners looking for delivery services.

Boat Maintenance and Repairs

Estimated Monthly Earnings: $2,500 – $7,500

Boat maintenance and repair is another service-based business idea that can be quite profitable. Owning a boat gives you firsthand knowledge of the kind of work boats require, which can be valuable when selling your services to other boat owners.

You can offer everything from engine repairs to hull cleaning and painting. Remember to advertise your services at local marinas, boat clubs, and online platforms like Boat Planet.

Boat Storage

Estimated Monthly Earnings: $1,000 – $5,000

If you have extra space near a body of water at your property, offering boat storage can be a good way to turn a buck. Many boat owners need a place to store their boats during the winter months or when they’re not in use.

You can charge a monthly fee based on the size and type of the boat. Check local regulations and insurance requirements before starting a boat storage business.

Boat Transport

Estimated Monthly Earnings: $2,000 – $6,000

Boat transport is another service that you can offer as a boat owner. This involves transporting boats overland using a trailer. It’s often required when people buy a boat in one location and need it delivered to another.

You’ll need a suitable vehicle and trailer for this business and insurance to cover any potential damage during transport. uShip can connect you with customers who need boat transport services.

Sailing Lessons

Estimated Monthly Earnings: $1,500 – $5,000

If you’re an experienced sailor, offering sailing lessons can be a fun and rewarding way to make money with your boat. You can teach people everything from basic sailing skills to advanced navigation techniques.

You’ll need to be certified as a sailing instructor by an organization like the American Sailing Association. Once certified, you can advertise your services at local marinas, boat clubs, and online platforms like Lesson.com.

Wakeboarding or Waterskiing Instruction

Estimated monthly earnings: $2000 – $4000

If you’re a skilled wakeboarder or waterskier, here’s a way to make money with your boat that’s both fun and rewarding. Offering lessons can be a great source of income, especially during the summer months. You might even consider hosting wakeboarding or waterskiing camps for beginners or advanced riders. It’s a wonderful opportunity to share your passion while making extra cash.

According to Payscale, waterski instructors can earn anywhere from $20 to $40 per hour depending on location and experience, which can add up quickly if you have multiple students or groups. Ensure you have the right boat and safety equipment and don’t forget about liability insurance.

Boat Photography Services

Estimated monthly earnings: $1500 – $3000

Photography is another creative way to make money with your boat. With the beauty of the sea as your backdrop, you can offer various photography services such as family portraits, engagement sessions, wedding shoots, or wildlife photography.

You can charge clients by the hour or per session, and according to Salary, photographers can earn an average of $65,000 per year. Of course, this will vary depending on your location, skill level, and service demand. Good marketing is key to success in this business; showcasing your work on social media and your website can attract potential clients.

Marine Surveying

Estimated monthly earnings: $3000 – $5000

Marine surveying is a specialized field that involves inspecting and assessing the condition of boats and yachts. If you have a background in marine engineering or a related field, this could be a lucrative business idea.

Marine surveyors can earn a good income, especially if they specialize in a specific type of vessel or service. ZipRecruiter states the average annual pay for a Marine Surveyor in the United States is $73,992 a year.

Diving or Snorkeling Tours

Estimated monthly earnings: $2000 – $4000

If your boat is located in an area with beautiful underwater scenery, offering diving or snorkeling tours can be a profitable way to use your boat. You can guide tourists to the best spots and provide them with an unforgettable experience.

According to Payscale, scuba instructors can earn anywhere from $15 to $25 per hour, depending on location and experience. Of course, you’ll need to be a certified diver with all the necessary safety equipment.

Marine Wildlife Watching Tours

Estimated monthly earnings: $1500 – $3000

If you’re lucky enough to live in an area with abundant marine wildlife, why not start a wildlife-watching tour? From dolphins and whales to seals and birds, these tours offer a unique and memorable experience for tourists.

Rates for these tours can vary based on location, length of the tour, and the types of wildlife guests can expect to see. Wildlife tour guides can earn an average of $38,500 annually.

Boat Parties and Events

Estimated monthly earnings: $3000 – $6000

One exciting way to make money with your boat is by hosting parties and events. From birthday celebrations and corporate events to themed parties and sunset cruises, the possibilities are endless.

The amount you can charge will depend on the size and type of your boat, the length of the event, and any additional services you provide, such as catering or entertainment. According to WeddingWire, boat wedding venues can charge anywhere from $5,000 to $10,000 for a ceremony and reception

Boat Advertising Space

Estimated monthly earnings: $500 – $2000

Did you know that your boat can be a moving billboard? Advertising companies are always looking for new and unique ways to reach consumers, and your boat could be just the right boat they’re looking for.

The amount you can earn will depend on the size of your boat, its location, and how often it’s out on the water. Wrapify says you can earn up to $450 monthly by wrapping your vehicle in an advertisement.

Boat Salvage and Recovery

Estimated monthly earnings: $4000 – $8000

Boat salvage and recovery is a specialized field that involves locating and recovering sunken or abandoned boats. If you have the right equipment and skills, this can be a lucrative way to make money with your boat.

Salvage operations can be complex and risky, so it’s important to have proper training and insurance. Salary says salvage engineers can earn an average of $71,000 per year.

Boat Flipping (Buy, Renovate, and Sell)

Estimated monthly earnings: Variable

Flipping them could be profitable if you’re handy and enjoy working on boats. This involves buying a used boat at a low price, fixing it up, and selling it for a profit.

The amount you can earn will depend on the boat’s purchase price, the cost of renovations, and the selling price. The profit margin on flipping boats can range from 10% to 30%.

Boat Brokerage

Estimated monthly earnings: $5000 – $10000

Starting a boat brokerage can be profitable if you understand the boating industry well and have strong sales skills. As a broker, you’ll help buyers and sellers navigate the boat market, earning a commission on each sale.

According to ZipRecruiter, the average annual pay for a Boat Broker in the United States is $80,149 yearly.

Marine Equipment Rentals

Estimated monthly earnings: $2000 – $4000

Renting out marine equipment such as fishing gear, snorkeling, or paddleboards can be a profitable add-on to your boat rental business. This offers an additional service to your customers and helps you generate extra income.

The amount you can charge will depend on the type of equipment, the rental period, and your location. According to RentCafe, renting out equipment can be one of the most profitable things, with a profit margin of up to 50%.

Floating Food Truck or Bar

Estimated monthly earnings: $3000 – $6000

Have you ever considered combining your love for cooking with your passion for boating? Well, here’s a boat business idea that does just that! Operating a floating food truck or bar is a unique and exciting way to make money with your boat. You can serve hot meals, refreshing drinks, and stunning views in one go.

You could set anchor at popular cruising spots or events and serve hungry boaters without them having to leave the water. The potential earnings can be quite attractive, too. A successful food truck can make between $5,000 – $20,000 monthly. Of course, this will depend on your location, menu prices, and operating costs. Remember, you’ll need permits and licenses to operate, so check the local regulations.

Boat-Based Retail Store

Estimated monthly earnings: $2000 – $5000

Here’s another out-of-the-box way to make money with your boat – turn it into a floating retail store! You could sell anything from beachwear and accessories to fishing gear and nautical-themed decor. If you’re sailing the world, you could even offer unique souvenirs from the various places you’ve visited.

Your potential earnings will depend on what you’re selling and how much you mark up your products. VendHQ states the average retail markup is 50%, which can vary widely depending on the industry. Remember you’ll need a good inventory management system and sales tracking system.

Boat-Based Bed and Breakfast

Estimated monthly earnings: $3000 – $7000

If you have a spacious boat and enjoy meeting new people, running a boat-based bed and breakfast could be a great way to make money while living aboard a boat. Guests would have the unique experience of sleeping on the water, and you could offer additional services like guided fishing trips or sightseeing tours.

According to Airbnb, hosts can earn up to $6,000 a month, depending on your location, the size and condition of your boat, and the amenities you offer. You’ll also need to check local regulations regarding short-term rentals and ensure you have the necessary insurance coverage.

Treating it as a real business is important no matter which money-making venture you choose. Keep track of your income and expenses, provide excellent customer service, and strive to improve. Happy boating!

Where Can I Buy A Boat?

Becoming a boating enthusiast opens up a world of opportunities. Whether you’re an angler looking for the perfect fishing spot or a cruiser dreaming of charting new waters, owning a boat can be a rewarding experience. It’s not just about sailing dinghies or cruising full-time; it’s about the freedom and adventure that comes with boat ownership. And guess what? You can make a bit of cash from it, too!

There are plenty of ways to profitably use your boat. One of the most popular methods is chartering your boat. You might have met many charter owners living aboard their boats like it’s their second home. The good news is you don’t have to sell live bait or become a commercial boat operator to make extra cash. If you have an old boat lying around, there are several online platforms, such as Boats.com, where you can list it for sale.

Depending on your boat type, you could run eco-tours, rent out to others who want to go sailing, or even provide anchorage services. For instance, if you’re a good angler with a boat equipped with huge live wells, you can offer guided fishing trips. Or if you’ve been cruising for five to ten years and know your way around, why not become a live-aboard guide? Don’t forget there are rental services that let you rent your boat to potential renters. Remember, trying to make money with your boat doesn’t have to feel like a chore; it can be just as fun as setting sail for a new anchorage!

Make Money With A Boat FAQ

How can I make money from owning a boat?

You’ll be surprised at the ten ways to make a little money from your boat. From peer-to-peer rentals to charter fishing, there are numerous opportunities. I’ve first met people making money by offering sightseeing tours or special business events on the water. You could even consider vending from your vessel!

Are boats a good investment?

Investing in a boat can be a good idea if you use it to generate income. For example, you could rent your boat as a ‘bareboat’ rental. Many individuals I’ve met have turned their love for sailing into a profitable venture. However, like any investment, it requires careful planning and management.

Can a boat pay for itself?

Yes, a boat can indeed pay for itself! Some boat owners list their boats on-to-peer rental websites, generating a steady income stream. Others want to share their passion for sailing and make money by offering private fishing charters, sunset cruises, or even eco-tours.

Can I make money chartering a boat?

Absolutely! Chartering a boat can be a profitable business. You can offer private fishing charters, sightseeing tours, or even turn your journey into a paid crossing. Remember, depending on your location, you might need a captain’s license to legally charter your boat.

Is owning a boat a tax write-off?

In some cases, owning a boat can provide tax benefits. Use your boat exclusively for business purposes, such as running charters or renting it out. You may be able to deduct certain expenses. However, tax laws vary widely, so it’s best to consult a tax professional to understand your situation.

Make Money With A Boat Conclusion

Make money with a boat; it’s not just a dream but a reality within your grasp! Imagine the wind in your hair and the sun on your face as you cruise along, all while your bank account grows. It’s like finding a treasure chest, but instead of gold coins, it’s filled with opportunities for financial independence. So whether it’s through chartering, fishing, or even underwater photography, there’s a sea of possibilities. Remember, every great journey starts with a single step, or in this case, a single nautical mile. So set sail on your financial journey today, and watch as your boat not only carries you across the waves but also towards a brighter and more prosperous future. And hey, if all else fails, there’s always the option of turning your boat into the ultimate venue – because who wouldn’t pay for a party at sea?