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3 Ways You Can Make Money By Investing In A Tug Boat

by Krin Murphy

Rugged and powerful, tug boats have been around for a while, and they serve all kinds of purposes in modern times. Something like a Ranger tug boat can be just as luxurious and comfortable as a cabin cruiser and still be a working vehicle. If you want to invest in a good tug boat but want a way to pay for the expenses, you may want to consider ways you can make money if you have one of these water vessels. Here is a look at some of the ways you can use your new tug boat to earn some much-needed cash.

Offer boat tugging services at the marina where you park. 

If you keep your tug boat parked at a marina or dock, you may be able to make enough money to pay your marina docking fees just by offering tug boat services. These boats are consistently relied upon for help when a boat or water vessel gets stranded out on the water. Make it known at the marina that you have no problem being the person who is called when someone needs assistance on the water. Establish a reasonable fee schedule and you will likely get plenty of calls during the busiest times of the year. 

Charge a fee to help remove debris from the water. 

Perhaps there is a large tree that has fallen in a body of water or maybe there is something else hanging out that is putting boaters at risk. If you are the owner of a nice powerful tug boat, you have exactly what is needed to pull a lot of types of debris out of the water. Advertise your services at different places and let them know that you can pull out waterway debris on a per-item basis. 

Create a storm cleanup business focused on waterways. 

If you have ever been out on the water after a storm, you know just how much cleanup there can be to do. It is not uncommon for some places to hire tug boats after a storm to help get things back in order. You may be tasked with tugging other boats back to harbor or dragging pieces of wind-blown debris back to shore where it can be properly disposed of. If you live in an area that sustains a lot of storms, offering tug boat cleanup can yield you an attractive profit from time to time.