Flip used boats and have fun doing it

The boating industry is seeing a glut of used boats for sale as the economy suffers. Boats are often luxuries that middle class boaters let go of first. As a boat trader, you can find some great deals out there right now. Pick up the boating deals, and use the boats for your enjoyment as you refurbish them.

I recommend: BoatTrader.com is an online site for boat sellers and buyers. You can pick up some deals here and flip them in the same venue after you have added some boating accessories and spiffed them up. Boats Depot is another online source for buyers and sellers.

Open a retail shop for boating accessories

Set up shop in an area where the boating equipment shops are scarce. Many seaside tourist areas on both coasts have long stretches of boating areas with no good complete boating accessories shops. Larger, corporate boating companies tend to stay in highly populated areas, leaving areas near boat dealers and marinas ripe for new businesses.

I recommend: Light in the Box manufactures a number of lines interesting nautical boating supplies. Kellogg Marine is one of the largest U.S. suppliers of boating accessories. You can set up an account and see their catalogue online.

Feed the need of wealthy clients for bigger and better boats with a luxury boat dealership

As the wealthy class continues to grow, they are looking for boat dealers whom they can trust and go to for advice and for upgrades. Join with luxury boating companies to sell their latest and greatest. There are some really innovative designs and models on the market now that your clientele may have only seen at a boat show or read about in a boating news article.

I recommend: Lagoon Royal is a Southern Ukraine shipyard whose custom shipbuilders specialize in exclusive Mahogany handcrafted boats and yachts. Work out an agreement to sell these masterpieces stateside. Azimut, an Italian yacht builder, makes luxury yachts and cruisers that are seen on some of the finest wharfs in the world. Carry this line to knock out your wealthy clients.