Oops! It appears that you have disabled your Javascript. In order for you to see this page as it is meant to appear, we ask that you please re-enable your Javascript!

8 Tips to Start Luxury Yacht Business in Nigeria

Luxury Yacht Business: The business of chartering a yacht comes with many responsibilities.

Not only do you have to establish a plan of action for servicing your clients, you also need to cover your assets. Review the following list of steps if you are interested in learning how to start a yacht charter business.

Luxury Yacht Business

Luxury Yacht Business: https://www.boatmiami.com

See also: Top Media Development Tips in Nigeria

Luxury Yacht Business

1. Create a business plan that lays out your ultimate goal for your yacht charter business.

You then need to determine how you plan on reaching your goal.
Your business plan will also answer questions, such as the size of yacht you plan on managing, the destinations you wish to charter and the type and size of clientele groups you want to accommodate.

Luxury Yacht Business

2. Design 1 or 2 yacht chartering packages that you would like to offer your clients.

You will need to decide if you will be staying in local waters or venturing into international jurisdictions.
Decide also whether you will be providing complimentary food and beverages.

Read also: Top 50 Convenience Needlework Business in Nigeria

Luxury Yacht Business

3. Decide whether you will be buying a luxury yacht or chartering one.

Note that chartering a yacht will be less expensive.
Plus it will afford you a large selection of yachts to choose from.

See also: 26 Tips to Open Canned Food Processing Business in Nigeria

4. Understand licensing requirements for chartering a yacht.

Not only does the person sailing the boat have to have a pilot’s license.
But you have to secure a license for commercial use of your yacht.
You should also learn about licensing for each water jurisdiction you plan on navigating to.

Read on: 6 Tips to Linkup Kayak Customer Service in Nigeria

Luxury Yacht Business

5. Find out what insurance coverage you need for your business.

Research coverage offered for property damage, personal injury and especially safety accommodations.
This is one of the most important steps when it comes to starting a yacht chartering business.
Meet with your insurance broker and make sure that you are fully covered in all capacities before accepting your first chartering job.

See also: 22 Tips to Start High End International Interior Design Business in Nigeria

Luxury Yacht Business

6. Get financing for your business if you don’t have the funds readily available.

Not only will you need to purchase or charter a yacht.
But you have other set-up and ongoing expenses you need to cover.
You will have office expenses to take care of and bills to pay.
You may also have a staff to pay.
Opt for a line of credit so that you can keep your business running until it begins to profit.

Luxury Yacht Business

7. Market your business within an established budget.

 Depending on your finances, you can advertise in trade and vacation publications or on television.
You could also print full color brochures that your customers can pass on to their friends.

Read also: 16 Tips to Start Online High Margin Natural Health Business in Nigeria

Luxury Yacht Business

8. Set up a website that boasts your yacht chartering service.

Fill it with photos of yacht trips to entice potential customers. You can take advantage of templates offered by hosting companies if you don’t have much web design experience.
Another option would be to commission a web designer.

Copyright Warning!

We work really hard and put a lot of effort and resources into our content, providing our readers with plagiarism-free articles, original and high-quality texts. Contents on this website may not be copied, republished, reproduced, redistributed either in whole or in part without due permission or acknowledgement. Proper acknowledgement include, but not limited to (a) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes, (b)"FAIR USE" in the case of re-publication on online media. About possible consequences you can read here: What are the consequences of copyright infringement? BusinessHAB.com is a property of GotoSchool Limited and we have all legal actions at our disposal to take within and outside the internet in effort to protect our intellectual properties. All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).

Tags: , , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *