Used jet ski reseller

First-time riders, cottage owners, families and lake-town locals who want a cheaper used machine instead of a new one.

You earn the difference between your buying price (plus any repairs and storage) and your selling price. Extra income can come from selling trailers, life jackets and accessories.

• Spotting good-value machines
• Negotiating and selling
• Basic mechanical knowledge
• Honest, clear communication with buyers

• Check each unit for liens or outstanding loans through your province's personal property registry before buying
• Verify the hull identification number and ownership paperwork, and keep a written bill of sale for every deal
• Check Transport Canada rules on pleasure craft licensing and what must be transferred to the buyer
• Check whether your province or municipality requires a dealer or business licence, or limits selling from home
• Get commercial general liability insurance and cover for stock while stored
• Sales are seasonal and stock can sit unsold over winter, so don't tie up money you can't afford to wait on
• Engine problems can be hidden, so consider a mechanic's inspection before buying

Startup costs are typically estimated at around $6,000 to $30,000, depending on how many machines you buy and where you store them. Sales are seasonal and stock can sit unsold over winter, so avoid tying up money you can't wait on.

Monthly revenue is typically estimated at around $2,500 to $12,000, depending on how many machines you find, prepare and sell. Estimates suggest as little as about 8 hours a week at minimum, with sales concentrated in the summer season.

Check each unit for liens through your provincial personal property registry, verify the hull identification number and ownership paperwork, and keep a written bill of sale. Also check Transport Canada licensing rules, dealer or business licence rules, and consider a mechanic's inspection.