Business Worm

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@beachsiderental 4 ай бұрын

2 jet skis cost 5000 per year in insurance. if you're renting two out you will need a double trailer. An hour rental would only work if you were at the lake, if you were on the lake your expense would be a lot higher than 500 per month. You need payment processing. You need to stock impellers and wear rings, oil changes, mechanical break downs. Pfds need to be replaced every few years.

@Swellist 5 ай бұрын

Insurance 5$ a week? Thats $260 a year for a Liability Insurance Policy of $1m. Impossible.

@JAleGP 6 ай бұрын

What license do i need to start renting?

@Mental_Resilience 9 ай бұрын

the video is great but my fear is that each customer have to show his PWC license and i think most people don't have them and why would someone get a license to ride a jet ski once or twice ? i still don't understand why most of the governments around the world require this license its ridiculous its one of the easiest thing to operate

@shannonrogers6925 11 ай бұрын

@businessworm thank you for an analytical breakdown of profit and loss. It's a great breakdown that i can use for other business ideas.

@papahumza Жыл бұрын

Great breakdown. What are your thoughts on an Açaí bowl restaurant. Minimal capital expenditure, higher than average product sale price

@libertyforamericanow Жыл бұрын

Winters are sloooooww

@emanuelsauz12345 Жыл бұрын

Could we not go to a lake and do quick rides for $$$, like for example Go karts charge $40 per 20mins Jet ski’s should be $50 for driver (1) rider 20mins $10 per extra passenger’s (2 Max) per jet ski -30mins for full driver & passenger’s purchase -$70 for 3 people 30mins Can someone lmk how to make this possible

@Ferrazalmeidawm Жыл бұрын

This is a course , amazing video

@MsDivahouse Жыл бұрын

Best video though on this topic

@MsDivahouse Жыл бұрын

Love the video but it’s not looking like it’s worth it

@lemywilliams8167 Жыл бұрын

I take a waaaay more simple approach . # 1 - Finance the Cheapest pair of Jetski’s - #2 - Grab a Craigslist $500 beat-up pickup truck . #3 - Take your children out of school to have them work for ya for free to build your empire . #4 - Then (“At the end of the year”) - Purchase online Diploma’s for each of them online. #5 - Then send them all to low cost local community college. #6 - Take the earnings & go to Hawaii 😮

@DrOcKa20 Жыл бұрын

6 reasons to fail. 😂

@derekcoleman Жыл бұрын

Are you in Miami? I'm looking for someone to start a small business with and I'm exploring jet skis and a pontoon boat.

@Yachtpartymiami Жыл бұрын

I’m in Miami @yachtpartymiami

@jhill6033 Жыл бұрын

So i am an auto worker and I have a few toys. I also have a few rental properties and I love residual income but my methods are old school. I have long term renters and now want some short term rentals in vacation spots. So I been thinking about my kayaks, I have motorized fishing Kayaks and now about to purchase the fishing Seadoo but figured, hell I can rent this stuff out and make it a business?

@tonygardiner5585 Ай бұрын

how the kayak doing?

@jhill6033 Ай бұрын

@@tonygardiner5585 Hello, to be honest I have been so busy, I have not taken the Kayaks out not a single time this summer!

@donovoncooley6114 Жыл бұрын

bro have you actually done this business? because allot our your number are wayyyy off bro

@skoopqueen Жыл бұрын

I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second her skie already which is on rental, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this

@eadad4371 Жыл бұрын

Glad I came across this comment section. I was struggling to decide what to do with a good amount of money in the bank doing nothing. I would be happy if you could advise me, as I am ready to go the passive income path.

@skoopqueen. Жыл бұрын

@@eadad4371 Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (REGINA LOUISE COLLARO) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy...So I’ll advise you do get a good Investment advisor for yourself.

@eadad4371 Жыл бұрын

@@skoopqueen. That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?

@skoopqueen. Жыл бұрын

@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located

@emeldcentor1474 Жыл бұрын

@@skoopqueen. I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me

@ainsley1114 2 жыл бұрын

Very detailed insight, thanks.

@franciscoalfaro6004 2 жыл бұрын

🙋 question: how do you charge 1hr. Are you there at the water ready does the customer drive tow it?

@armandovancini5123 2 жыл бұрын

can you post your email please

@TheBoyz305 2 жыл бұрын

Amazing video !!!

@ghostjourneys1323 2 жыл бұрын

Make more vids my guy

@VladOnEarth 2 жыл бұрын

I take a way simpler approach, I buy a jetski for $10k, and it rents for $150/hr. Potential gross is $300-$600 a day from each. $1200-$2400 from 4. per day. And that can be averaged for 5 days a week, this will allow a room for any downtime - $6000/week. $24k a month from 5 jetski. Yes, you need one more for yourself for towing and rescue otherwise you will not be able to rent all 4 in the same time. There are other big mistakes in this calculation, but I dont feel like covering this any further, too much to type

@donovoncooley6114 Жыл бұрын

i was thinking the same thing i dont think he has ever actually done this

@TheEdward234 Жыл бұрын

How do you actually do this? Let's say I buy a jetski right now. Do I deliver it to and from the lake? Do I have customers pick it up from my house? How does the whole stealing and damage thing works? Insurance? Would you be interested in talking about it more? I'm trying to open up a seasonal side hustle in state of Washington, but could use some help figuring it out.

@coyote208 Жыл бұрын

Yeah I stopped watching after 2 minutes because it was just ridiculous. All that leasing lost me LOL. Thanks for your comment!

@coyote208 Жыл бұрын

@@TheEdward234yeah these are the same questions I have and the only info I find online is just copy and paste “get LLC, but jetski, insurance, now rent it out!” LOL

@Gustavo-uc9rr Жыл бұрын

@@TheEdward234 Hi man, I'm studying this business because I'm planning to start it soon. The best way to learn is renting a PWC from an existing company and then getting some information from them. I have analysed some companies websites (from Toronto) and they ask security deposits, if the client asks for delivery the amount of money needed is a little bit less but if the client chooses to tow it to the lake then the deposit is higher. The deposit made by the client will cover the damage. About stealing, you must have a GPS in your PWC (the max amount of trackers you can hide in it). These are some details that no one making these videos comment about. Another detail is the maintenance, I didn't see the guy mention it here in the vid but I think you may spend less than 1k a year for a seasonal business (for a Spark or a GTI130).

@VladOnEarth 2 жыл бұрын

if you start a jetski business the chances are you probably arent riding a public bus, so I dont think taking a car lease into expense is reasonable, at least not the whole amount anyways. And a lot of people own their cars also. And that accounted for almost half of weekly expense in your calculation. Also most of this data isnt correct at all and wil vary greatly. Not jsut car lease, nobody is going to lease a separate car just for that. Gas expense for car is $400 a month, thats a huge stretch, especially when there is a shit load of electric cars available on a market already. I have not seen $100 jetski prices in florida EVER, it is always $150/hr, and $200 for 2 hours etc. $500 for parking.... for what? Your either park your jetski in which case you dont need a car to transport them all the time, or if you transport then you dont pay for parking as you will keep them at home. Lots of fundamental errors in this calculation I must say, not sure whether intentional or accidental.

@RelentlessSavageryGaming 2 жыл бұрын

Great video

@floridabeachtrucks2906 2 жыл бұрын

You're not supposed to calculate costs in revenue

@Milkweed801 2 жыл бұрын

Good luck finding cheap commercial liability insurance

@keleishacarter1096 2 жыл бұрын

which company did you use for your loan? and how much did you spend out of pocket?

@Gtbie_ 2 жыл бұрын

I like how you put together everything

@perfectshotfilming 2 жыл бұрын

Dope video!

@langstenmcintosh6852 2 жыл бұрын

What happens if someone damages the jet ski ?

@jhill6033 Жыл бұрын

Im sure it works like a car rental agreement, or they may have to provide a credit card and sign a damage?

@JamesJames-pj8fl 2 жыл бұрын

Very straightforward video thanks

@dreknotz1996 2 жыл бұрын

Try finding jetskis to buy in order to rent.

@justthisguy1948 Жыл бұрын

I did it so it can be done

@homecook9052 2 жыл бұрын

You said if they pay for the damage,how to handle that situation and not lose money if they crash my jetski

@brisasdelmar4400 20 күн бұрын

Is part of the business if you’re afraid then work mall

@Millennial1031 2 жыл бұрын

Commercial rental liability insurance costs about $5k a month for a fleet of 12.

@anthonylumbi1801 2 жыл бұрын

Hi Zing, sorry to come out of the blue with a question... but who did you go through for commercial insurance?

@adventuretastic Жыл бұрын

Commercial insurance in Florida for jet ski rental is super expensive. I'm getting a quote for 2 pwc for 24k to 56k a year. If anyone know a better commercial insurance company please let me know. Thanks.

@ceomark. 2 жыл бұрын

Great video. Thinking about getting 3-4 and renting over the summers in NC

@solargiousa 2 жыл бұрын

Any luck with the jetski rental business?

@marketsurfer 2 жыл бұрын

Who will insure this business?

@cevdetmadak3947 2 жыл бұрын

Great video! Could you please make a video for the liability documents for the customers to sign? Or do you have an example that you can share?

@richgenix 2 жыл бұрын

This is the exact video I was looking for, now I gatta decide either gonna move to Miami or La not sure yet

@parmasar6666 2 жыл бұрын

I live in Miami and starting one also

@richgenix 2 жыл бұрын

@@parmasar6666 how’s it going? I was wondering if it’s too over saturated??

@aviadavidan6487 2 жыл бұрын

@@parmasar6666 how is going?

@richgenix 2 жыл бұрын

Intresting

@pamelathomas440 2 жыл бұрын

going to open jet ski rent

@mohammedwarshaw7267 2 жыл бұрын

Hello I really like your videos and I really need help with the jet ski rental video if there is any way I could contact you to maybe help me as I am new to the business world

@black007die 2 жыл бұрын

I'm new looking to get in this business

@speedstriver3852 2 жыл бұрын

I enjoyed watching your video. It was very knowledgeable. You should keep them coming.

@alexisggarcia8198 2 жыл бұрын

I’m starting soon !! (: here in San Diego I’m happy to see more info but excited to see that my area is perfect for this business 🙏🏻

@TheFinesseDon 2 жыл бұрын

Hey I’m about to start myself any updates and tips to a newbie from your experience?

@VladOnEarth 2 жыл бұрын

perfect? Its freezing over there year around lol. At least for doing anything on water.

@ChronicWonder117 2 жыл бұрын

@@VladOnEarth you clearly don’t live in San Diego

@VladOnEarth 2 жыл бұрын

@@ChronicWonder117 I clearly did at some point :) you clearly have nothing to compare san diego with to be objective 😉 Absolutely unusable cold ocean over there year around, probably worst I have seen in temrs of actually being able to interact with it, beaches are also not pretty. It has some really nice views though by the ocean. But "you can look but cant touch" isnt my type of fun 🤷🏻‍♂️😁

@ChronicWonder117 2 жыл бұрын

@@VladOnEarth You're right, I haven't lived anywhere else long enough to compare water conditions but that's not the point. The point is that San Diego is in fact a perfect area for this kind of business as it is "America's Finest City". I am a dock master for a private boating club (Freedom Boat Club) and we have locations in Mission Bay and San Diego bay. I see multiple jet ski businesses being successful with constant rentals being taken out by people from all over the world and they all have smiles on their faces when walking on the docks. It's just a matter of having the capital for start up costs and the patience for the regulations of owning a jet ski business. Also, not too sure what you mean by the beaches not being pretty, they're quite beautiful in my opinion. And I guess the ocean over here can be considered "unusable" for those who are very sensitive to the cold. "Unusable cold ocean year round" is an overstatement. Ya when it gets down to 57 degrees Fahrenheit in the winter a wetsuit is definitely advised, but in the summer when the water gets up to 72 degrees Fahrenheit a normal bathing suit will do just fine 🥸

@BusinessWorm 2 жыл бұрын

If you're having a hard time following the numbers. Here's the spreadsheet with the analysis: docs.google.com/spreadsheets/d/1dxv6oAJErchX_lKLzL_IFIEoOSZhAIpE6T8IrSnULDk/edit?usp=sharing

@ofhniurebgvhrjebgvhjrebhre6207 2 жыл бұрын

what is your occupation