Few things are more rewarding than buying your own land, especially a horse ranch. But while you’re looking for ranches for sale in Florida, you may also be wondering how to make an income from your new investment. The feeling of freedom that comes with a ride through the pastures is even better when paired with the feeling of security that comes with a financial boost.
These tips will help you monetize your new Florida ranch.
Teach Riding Lessons
If you are passionate enough about horses to purchase Florida ranch land for sale, you will likely make an excellent riding teacher. From private lessons to summer day camps, there is ample opportunity to teach riding lessons to people of all ages.
If you have room on your new ranch for more horses than those you own, why not board? Just make sure you are charging enough to make a profit after the hours and resources you spend on care.
Host Special Events
Horse-loving little girls grow up to be horse-loving brides! A ranch can be a beautiful place for a wedding, anniversary party, family reunion, or another special event.
Open a Bed and Breakfast
If the idea of hosting events on your ranch appeals to you, you might want to go all the way and open an accompanying bed and breakfast. Often, wedding parties and family members value staying close to the venue, as this minimizes the need for transportation and travel time.
Lease Unneeded Space
If you have more land than you need, consider leasing out a portion of it to someone who craves a rural garden or small farm. There are many people who would love a part-time taste of country life but live in bigger cities or perhaps can’t afford to buy their own land.
Grow Produce or Raise Livestock
Speaking of farming, you can also grow fruits and vegetables or raise animals on your ranch. You can sell your fruits, veggies, eggs, goat cheese, or other products at local farmers markets.
Any small business needs an attorney to help protect them from liability and set them up for success. This is especially true for high-risk activities such as horseback riding lessons. An attorney can educate you on food selling regulations, help you draft leases, provide guidance regarding event insurance, and much more.
Spread the Word!
You can have the most amazing ranch in the world, but you won’t make money if no one knows about it. Make sure you have a nice website and an on-brand social media presence across all platforms. Take advantage of Facebook advertising and add your ranch to Google My Business. Provide courteous and prompt replies to Yelp and Google reviews.
It can be tough for small business owners to put time and effort into their online presence, but consistency comes with a major payoff!