Living by the water is a dream that most people possess and would love to see actuated. One of the advantages of living in such locations(be it lakes, rivers, seas, or oceans) is the range of business opportunities you’re exposed to, the advantage is, you get to escape the city life(if that is your goal) and earn a living while at it.
This article is designed to help you set up a business by the water by giving awesome ideas you can try out to make your dream come true. Remember that you can be scale these ideas depending on the amount of capital at your disposal.
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Coaching Water Sport Enthusiasts and Athletes
For aquatics fans, this business is a dream come true. If you excel at a specific water activity and want to share the excitement and energy it provides with others, then try out coaching!
You would be able to enjoy your favorite sport full-time while also assisting others in learning a new skill and seeing the sport through your eyes. You shouldn’t have to go headfirst into this business if you aren’t ready. You may simply create a timetable that works for both you and your clients.
As for the scaling, this should be dependent upon a few factors;
- Market Research; client demographics, other competitors in the market, etc.
- The Location of the Service; this determines where you will conduct these training sessions and where you might be able to capture the attention of other clients
- The amount of capital at your disposal; could help set up the office, determine the size of the office/business facilities, and sort out the equipment you might need, among others.
Accommodation Services
Because they are frequently out on an excursion, numerous backpackers favor simpler lodgings over motels. If you have a home beachside or next to a lake, you may easily list it on Airbnb and earn money without even putting in too much work.
If you already have more money, try purchasing or constructing a backpacker guesthouse. Attractive beaches are seldom, if ever, empty of tourists, and there is always a significant demand for accommodation. The benefit is that you could even list this home on Airbnb, depending on how much you want to charge for the room.
Related Reads: What are the key pillars of a profitable Airbnb business?
Fish Processing Businesses
Fish processing is further classified into either fish handling, which is the early preparation of meat, or fish and fish product manufacturing. Another logical separation is between primary processing, which involves filleting and freezing seafood for delivery to fresh seafood retail and catering establishments, and secondary processing, which involves producing chilled, frozen, and canned items for the commercial and catering sectors.
A good number of people consume fish oil products daily; hence it is a more lucrative business. For those with the financial muscle, consider setting up a fish oil processing plant. This will require a physical location, buying industrial ball valves, pipes, other industrial equipment necessary, and all other business-related considerations in the field.
Set Up a Gift Shop
Consider opening a gift shop if you possess a talent for handicrafts or visual art. You only need a suitable location with a lot of visitors and cash for your supplies such as t-shirt printers, materials for wallets, bags, and pouches, and so forth. It would be a fantastic opportunity to demonstrate your artistic talent while also being close to the beautiful beach. Just be careful not to reproduce another artist’s copyrighted work.
Consider also reselling face masks and hand sanitizers to visitors on the beach. For a better deal, consider building a healthy business relationship with a face mask manufacturer.
Water Sport Rental
It’s time for the beach! Water activities are undeniably one of the reasons people visit the beach! Indeed, for some, it is the ultimate reason to visit the beach.
Purchase some water sports gear and put up a rental business. It would be ideal if you or a member of your staff could also instruct individuals so that even newcomers or those who are afraid of the water activity would be motivated to give it a try. Consider this article on how to build a homemade kayak launch to your kayak hire clients get off to a safe start.
If you have substantial capital or land by the water, consider setting up a dock and renting out spaces for those with boats.
Culinary Business
Beach resorts are among the most charming destinations, and you can guarantee that many couples might like to go on a passionate date night there. Establish a themed restaurant to be the spot where they would want to go.
You may also attract non-couples and develop a theme that your target audience would like. You may choose a family-friendly atmosphere, a romantic atmosphere with a wonderful view, or a trendy hotspot for Millenials or gen z’s. Regardless of the concept, a beachfront/lakefront café or restaurant is always an excellent choice.
The Bottom Line
Starting your own company near a water body doesn’t have to be complicated. Make small steps toward your objective each day, and it might surprise you how fast you get to the goal. Simple stages might include saving money every payday for a source of finance you wish to start and gradually collecting the items you need for it. With that said, we wish you all the best in your waterfront business endeavors!
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