Do you own a swimming pool or thinking about owning one?
Are you wondering if owning a swimming pool is worth the cost of installing one?
How about generating income from it and help recoup the money spent on constructing it?
In this article we would like to help you see how to make over 700,000 Kenya shillings per year from a swimming pool. And actually you can make much more even up to 1 million Kenya shillings and above.
Many people own swimming pools but have never thought about monetizing it for some serious cash.
You can actually recoup the money you spent on constructing it if you make it an income generating venture. This can be done by opening it up for the public and charging them to use it. You can also offer swimming pool lessons.
Even if you are not an experienced swimmer or have knowledge on training people how to swim, you can employ someone.
If you live within a populous community, you can target them as your clients. Even in a rural setting where you are the only one with a swimming pool in a wide area, you can still make it happen. In rural areas people can travel for long distances for such facilities.
Whichever the case, make sure you create good awareness about your venture. You can make cheap posters even in black and white and place them at strategic places. If you offer good services, you will get a lot of good referrals.
*Why you should consider monetizing the usage of your swimming pool*
The cost of constructing a swimming pool can be high and some wonder if it’s worth the investment. However this is one of the reasons why you should consider monetizing its use. It will help you recoup what you spent on construction.
Owning a swimming pool is not an install and forget project. A swimming pool needs regular maintenance and occasional repair as well as replacing some components. All this needs money to do. By monetizing the use of the pool you will be able to do it comfortably without resulting to your other sources of income.
Entrepreneurs see a business opportunity in almost every situation. Monetizing the use of your swimming pool can be a good source of income for your household. After the effects of Covid19 hit the whole world, many people have embraced the idea of having more than one source of income more than before.
Another way of monetizing your swimming pool is by offering swimming lessons. If you are an experienced swimmer you can do it yourself. You will actually enjoy it because swimming is a hobby to many people and everyone enjoys doing their hobby. On the other hand if you are not experienced or don’t have training skills or time, you can employ someone do it. You will be killing two birds with one stone; generate income and create employment.
By monetizing the use of a swimming pool through charging people to use it or offering swimming lessons, you can also help create employment. Since you will need a worker(s) like a life guard/trainer, maintainer etc. you will be creating employment for someone.
*How to make over 700,000 Kenya shillings per year from a swimming pool – the math*
So how do you make Ksh.700,000 and above per year from your pool?
Here’s the math:
*Charging swimming sessions:*
No of target people per week = 50
Charges per session = Ksh.300
Amount earned per week = 50 × 300 = Ksh.15,000
Amount earned per month = 15,000 × 4 = Ksh.60,000
Amount earned per year = 60,000 × 12 = Ksh.720,000
So we see from swimming sessions alone charging Ksh.300 only you can earn Ksh.720,000 per year.
Remember: You can make more money if you target more than 50 people per week. With aggressive marketing you can get a lot of people to swim at your pool per week.
NB: during the hot seasons, school holidays and public holidays, you will have more clients. Also depending with your target clientele, you can charge more per session.
*Offering swimming lessons:*
No of target people per month = 5
Charges per person = Ksh.3,000
Amount earned per month = Ksh.3,000 × 5 = Ksh.15,000
Amount earned per year = Ksh.15,000 × 12 = Ksh.180,000
Kindly note that during school holidays and the festive session, you will have many clients so you will significantly increase your income. You can also charge more if you target a higher income level class.
*Total potential earnings per year*
Ksh.720,000 + Ksh.180,000 = Ksh.900,000
That’s shy of just Ksh.100,000 to make it 1 million Kenyan shillings which is achievable.
However it’s important to factor in the other expenses that you have to incur. These may include: swimming pool treatment chemicals, power bills, salaries, repair and maintenance etc.
*Final Word*
As we always tell you, there’s no marathon race that has ever been won by those who did not start the race. If you like the idea discussed above and you have what it takes to actualize it…then don’t wait to start…just do it.
Also don`t forget to join our training on Dairy Farming.
We have created a WhatsApp group called *DAIRY FARMING TRAINING* WhatsApp Group.
In this training group, we will teach you on how you can start, grow and profit in Dairy Farming Business.
Did you know you can earn up-to Ksh.40,000 per month with 3 dairy cows?
Kenya has been identified as the highest performer in Africa when it comes to dairy farming. Breeds that are used in Kenya are high breeders which yield milk between 30 to 50 litres of milk per day with good management.
One cow can produce an average milk yield of 30 litres per day which is approximately 270 litres of milk from one cow per month.
Currently milk goes for a minimum of Ksh.30 per litre. This will give you a gross income of
3×30×30×30 = Ksh.81,000 from 3 cows in one month.
The cost of production is usually half the amount of litres per cow. The net income per month will therefore be
81,000 – 40,500 = Ksh.40,500
This Ksh.40,000 per month profit is from 3 dairy cows. What if you had 5, 10, 20 or 30 cows? What if some cows are producing more than 30 litres in a day?
Keeping cows for money has in the past been considered a thing for retirees but look at what young people are now doing with it!
Whatever your background and experience, this training will provide you with detailed information you need to know before starting your dairy farm.
By
Timothy Angwenyi
Business Consultant
Justine Nyachieo
Business Man & Mentor