Table of Contents
TABLE OF CONTENTS 2
1 CAN A FISHING CHARTER BUSINESS BE SUCCESSFUL AND PROFITABLE? 4
WHY DO YOU WANT TO RUN A FISHING BUSINESS? 5
WHAT MAKES A FISHING CHARTER BUSINESS PROFITABLE? 6
WHAT TO EXPECT YOUR FIRST YEAR 7
2 FISHING LICENSES FOR YOUR BUSINESS 8
CAPTAINS LICENSE 8
BUSINESS LICENSE 10
FISHING LICENSES? 10
CHECK FOR OTHERS 10
3 HOW ABOUT THAT BOAT? 12
TIPS FOR BOAT BUYING 13
WHAT ABOUT ALL THOSE EXTRAS? 14
4 HOW ABOUT FISHING GEAR? 16
WILL YOU RENT EQUIPMENT? 16
WHAT DO THEY NEED? 17
MAINTAINING YOUR GEAR 18
5 SETTING CHARTER RATES 20
THE IMPORTANCE OF A BUSINESS PLAN 20
THE COMPETITION AND RATES 21
YOU CANNOT BEAT THEIR PRICE? 22
6 KEEP SAFETY IN MIND 24
THE IMPORTANCE OF INSURANCE 25
7 YOUR FISHING CHARTER BUSINESS ONLINE WEBSITE 27
ONLINE FISHING CHARTER BUSINESS SUCCESS TIPS 28
8 MARKETING AND PROMOTING YOUR FISHING CHARTER BUSINESS 30
LOCAL MARKETING METHODS THAT WORK 30
PUSHING THE PARTNERS 31
CONCLUSION 32
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1
CAN A FISHING CHARTER BUSINESS BE SUCCESSFUL AND PROFITABLE?
What is a fishing charter business? The short definition is this. A business that provides boating, licensing and equipment for visitors to the region who would like to go out on a boat. Some may want to learn how to fish. Others may be first time visitors to the city and may want to enjoy the fishing opportunities available there.
If you are considering starting a fishing charter business, there are a few things to keep in mind before you start. One of the most important factors: is it profitable?
This type of business can be profitable, if you invest the time in researching it and there is a demand for it in the area you will be operational. Here are a few things to keep in mind before you decide to start a fishing charter business.
1. Do you have the experience and the know how to run a business like this? In particular, extensive fishing and boating knowledge is required. Will others see you as a professional and an expert in the industry?
2. Is there a local demand for the business? Most fishing charter businesses do well in tourism heavy cities or where there is a well-known “school of fish” so to speak. Is your area a place people often gather to fish?
3. Is there a lot of competition in the area? Competition could be the undoing of your business if you are not careful. Most business owners can profit from a business even if there is some competition but if the area has too many other fishing charters, this may not be the best place for you to look.
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