Buying and selling golf Equipment is a great way to make money right now.
Golf has always been a popular game, but has grown in recent years. Many people who wanted to learn golf, purchased high quality golf equipment, and for many, this equipment is collecting dust in the garage.
At the same time, there are many people looking for affordable quality golf equipment or are wanting to upgrade after realizing how much they enjoy the game, but don’t want to break the bank to do so, especially in this economy.
To make money with golf.. you need to put these sets of people together.
There are a few creative ways you can do this:
1. If you have enough money yourself, purchase the golf equipment that many people may be trying to liquidate. With the present economy, there will be many people selling off any extra items that are collecting dust in the basements or garage, so there are some great deals to be had right now. So scour the buy and sell ads in your local paper, or check garage sales, and especially estate sales.
2. If you don’t want to purchase the golf equipment outright yourself, then offer to sell them for a commission.
3. Then research your local pro shops for prices, make sure your set of clubs is clean and in great condition, then advertise them at work, in a local paper, at used sports equipments places, and/or online. Online has become a hot spot for golf equipment. If you are not sure of what people are getting for their prized golf equipment then just check Ebay or Amazon.
The motto “Buy low and sell high” applies to this business, and you can make some good money with this business. This is a great niche market right now.
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Good job. Investors can use your help.
Keep it up!
Thanks guys, sound like you Cats are doing it
The head pro at my golf course makes around 100 dollars an hour, and then he gets a chunk out of the junior camps and what the other pros make. He's a top teacher in NorCal though.
My advice, try the club shop. Fees for selling it on eBay will probably be more than you will actually get for the actual golf balls. The club shop will most likely be more dedicated to golf than the sports shop, and therefore pay a higher price.
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My friend is a certified golf instructor, and he told me the average instructor makes between $40,000 and $60,000. They usually get between $60 and $100 per hour for a private lesson. The actual amount they can command depends upon how good they are, and the facility where they work. The teaching pro at the Thunderbird Golf Club in Palm Springs, for example, may get as much as $200 per hour for a private lesson.
Some of the big-time instructors, e.g. Butch Harmon, make hundreds of thousands, but he is able to charge the pros $300 or $400 dollars per hour. I read somewhere that Tiger paid him $400 per hour. He and Leadbetter and some of the other big name instructors also sell instructional videos, books and make personal appearances for a fee.
Notice that the only players name mentioned here is Tiger. That's because good players usually are not good instructors. Your friend may be a scratch golfer who gets upset when he has a bad day, but does he get upset when you don't get something he is trying to teach you? If so, maybe he should keep his day job.
Hit 'em long, straight and often.
honestly i live in colorado and i have thought about his before, first of all get bright colored golf balls orange green something that would be easy to see in the snow ,second shovel your greens most people that are going to come to your course in the winter are pretty hard core and they will play if you shovel . (if you shovel it they will come ) lol ,also consider offering winter tournaments low entry fee and call them cool things like reindeer games, etc. it might be cool to add some decorations around the greens like boards with characters and light them up if you have enough of them the indirect light could serve as lighting for night golf poss have a tournament like that. if you have a club house you have access to companies that have alot of different colors of golf balls. maybe give those to your customers as a goodie bag for the entry fee so they do not have to buy them most will still buy them because nobody uses a sleeve per round. jk and look at it this way when the season is over or it warms up all of those golf balls that people hit and lost will be right there for you to recycle for the next years games now you have used balls to sell for cheaper to your returning customers just spitballing or snowballing i guess it would be.
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I don't know about the 1920s.
Byron Nelson's career from 1932-1946 included 63 PGA Tour wins. He said in an interview in Golf Digest that his career winnings totaled $182,000. I read that article last year, and I remembered that he talked about money and the Great Depression.
Addendum: I found another interview of Byron Nelson at Golf.com:
<quote>
[Golf Magazine] Tell me more about the money you couldn't make in your heyday.
[Byron Nelson] I won the 1936 Metropolitan Open, my first important tournament, with $5 in my pocket. From '36 to '42 I won 19 times including four majors, and my entire winnings were $25,495. That's about $4,000 a year. So I made my expenses. My career winnings were $182,000. In 1939, Cliff Roberts, who ran The Masters, told me, "Byron, you're going to have to care for your money because you'll never make enough playing golf."
</quote>
Addendum #2: I found the prize money for the Open Championship at Wikipedia. First prize in 1920 was £75, and it increased to £100 by 1929.
It depends on where they finish and how much prize money is offered for the tournament. As an example the US Open was won by Tiger Woods. He earned $1,350,000.00 for the win. Second place went to Rocco Mediate. He won $850,000.00
Two golfers tied for 78th place. They each won $13,276.00. Everybody below 78th place won $2,000.00. the link below will give you individual players' earnings for the US Open.
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I used to do that as a kid. We'd (my friends and I) sell them to driving ranges, but they didn't pay very much for them (around .10 cents a piece, but we'd haul in bushel baskets of several thousand balls. This was in the late 80's, so adjust for inflation).
You won't make much money plucking single balls out of creek beds. If you're willing to jump in the water hazard (illegal, dangerous, and filthy, but I used to do it when I was a teenager), you can haul a few thousand out of there in a few hours work. You just have to find a buyer, and you'll probably have to clean them first which is also a few hours of work. Of course, you need to wait a few months before hitting the same hazard again.
If you live where there are nasty critters that bite in the lakes I'd caution against it. Even up in the northeast we'd encounter some nasty things, such as leaches. But in a night's work we could pocket around $200 each, which was good money back then.
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I can't tell you how much you would make, but I can tell you about the golf culture out here in Vegas. You will probably make quite a bit more for a few reasons. 1) Most Las Vegas courses are pretty expensive to play compared to a lot of places, so most people will have money to spend. The rates at the ones I play run $100-$300/day per person and there are more expensive courses out there. Some private club memberships run in excess of $100K. 2) The tourists that play the courses have come here knowing that they're going to spend money, so tipping out isn't a big deal. 3) A lot of corporate executives come here for corporate retreats. And they all play golf. 4) The locals that live here know how much tipping means to many Las Vegans, so they will generally tip well.
If you get into a higher-end course like Dragon Ridge, Southern Highlands, Rio Secco, TPC, Bears Best, Bali Hai, etc.. you will make very good money. There's not very many cheap courses in Las Vegas (especially compared to other cities), so golfers here tend to have more of an expendable income.. which should mean bigger tips.
I've lived in several states and several other big cities and the golfers here are more affluent than in other places. In other cities I'd run into people with regular jobs like accountants, city workers, teachers in the group in front or behind us.. Here I run into many more corporate executives, doctors, lawyers, business owners. The golfers out here are different because the course fees weed out a lot of people who can't afford to golf.
I truly enjoyed the masters yesterday and happy Mickelson won.