Used jet ski buying and selling

Leisure riders, families with holiday homes near the water, first-time buyers who want to spend less than a new price, and people upgrading.

The margin between what you pay and what you sell for, plus extras like trailers, covers, life jackets and a handover session.

• Judging the condition of engines and hulls
• Negotiating and selling
• Honest, clear communication with buyers
• Basic bookkeeping

• Whether your state or territory requires a dealer licence to sell watercraft, check with your state's fair trading body and marine authority
• Run a PPSR check on every ski to make sure there is no finance owing and it is not stolen
• Australian Consumer Law applies when you sell as a business, so check what you must disclose and what guarantees apply
• Check the registration and transfer rules for watercraft in your state before you buy or sell
• Stock ties up cash, and demand is often seasonal, so plan for slow months
• Check council rules if you store stock or run the business from home, and arrange insurance for stock and test rides

Estimates suggest startup costs are typically around $10,000 to $50,000, depending on how many skis you buy, storage and any reconditioning. Stock ties up cash, so plan for slow months as demand is often seasonal.

Check whether your state or territory requires a dealer licence with your fair trading body and marine authority. Also run a PPSR check on every ski, check registration and transfer rules, and check what Australian Consumer Law requires you to disclose.

Estimates suggest monthly revenue is typically around $8,000 to $40,000, depending on how many skis you sell and their prices. It can start at about 10 hours a week, with sales often seasonal.