See full version: How to Make Money Fishing in Hawaii
Enter fishing tournaments. The islands of Hawaii are home to several large fishing tournaments, such as the Maui Jim Classic, that are known to pay hundreds of thousands of dollars in prize money. Despite this tremendous upside, you will face fierce competition and run the risk of having wasted time, fuel and a large entrance fee only to come home with a t-shirt. here
Try inshore fishing. If you don't have a boat, there are still ways to make money fishing in Hawaii. Spearfishing for commercially viable inshore species, such as octopus, is one way to limit your equipment costs while making money. Spearfishing can also yield the occasional surprise as larger pelagic species, such as yellowfin tuna, often wander close to shore in Hawaiian waters. Using a cast net or fishing pole to target fish like tilapia and moi can also yield a salable catch.
Start a commercial fishing operation. Hawaii is a large consumer of fish, so there is definitely a commercial market for fish and seafood in the islands. Similar to a charter business, a commercial fishing operation is equipment-intensive. You will also require a license from the same entities as you would for a charter business. Unlike the charter business, you would spend more time fishing and less time trying to sell charter shares on your boat. A blended approach, in which you fish commercially on days when you have no charters, may be a good compromise between the two options.
Become a charter captain. This option requires the most equipment. However, it also offers the most income potential. As a charter captain, you derive income from both the charter fees you charge as well as from the fish you are able to sell commercially. To become a charter captain, you will need to obtain the appropriate licenses from the Coast Guard, the National Marine Fisheries Service (NMFS) and the State of Hawaii. The licenses will vary by your target species, the number of passengers you hope to carry, and the type of fishing you do. [links]
In Hawaii, fishing is a way of life. Many people fish for recreational purposes and others make their living from the ocean. While it may not be easy and not always successful, it is possible to earn a good income fishing in Hawaii. The cost of equipment is the biggest obstacle to getting started. Most successful business models require a boat, and all require basic fishing tackle suited to the type of fishing you want to do.
Another option is buying a property that comes with a boat slip. One of my favorite gated communities is the Makani Kai Marina located at 45-995 Wailele Rd, Kaneohe 96744. These condos offer large 2-3 bedroom units with Kaneohe Bay Views, large lanais, a pool, clubhouse and a private Marina. As the units are extremely rare and hardly come on the market, when they do, they range from $700k-$800k depending on the size and view and come with your own boat slip. Large slips are available in this marina and the world-class Kaneohe sandbar is easy to access from the channel.
The Hawaiian Islands offer some of the best sailing in the world. As an avid skipper myself (and by avid I mean completely addicted to sailing), and being around boats my entire life, it was something that drew me to Oahu and made it my permanent home. Waikiki offers steady wind and a relatively calm bay for sailing and power boating all year. Diving, snorkeling, and swimming off your boat in the crystal-clear water is something everyone loves to do. It really is living the dream lifestyle! However, with the limited slips and moorings available on Oahu, let’s talk about where you can keep your boat when you live on Oahu.
50-foot temp slip in Ala Wai Yacht Harbor more
Bondi Tram anchored for some swimming and diving in Waikiki
The largest and most well-known harbor is the Ala Wai Yacht Harbor located at 1651 Ala Moana Blvd, Honolulu, HI 96815. Even though the wait for a permeant slip can be 2 to several years, the harbor offers a temporary permit for 120 days a year. It is also relatively inexpensive depending on the size of your boat and can accommodate some pretty large vessels. For example, a 40-foot sail yacht would cost $15.63 per day. The representatives can easily quote you on any size boat via their direct phone line at: (808) 973-9727
Diamond Head and the Ala Wai Yacht Harbor more
Lee Felterman & Associates has over 40 years experience in buying, selling, and brokering a wide variety of marine equipment. We serve a world-wide clientele bringing Buyers and Sellers together!
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