Did you know that there are over 11,000 registered private jets in the United States?
Whether you’re thinking about starting a successful private jet business or you’ve already got a company up and running, we’ve got the best tips and tricks for you.
Let’s get into it!
Know the Competition
A private jet business has a unique advantage, in the sense that geographical distance isn’t necessarily a barrier when it comes to good business.
These companies aren’t dependent on their locations. With that said, it’s important to know where markets might be more saturated.
For example, private jets are significantly more common in the United States than in other parts of the world. This is something to consider if you are looking to expand to an international clientele.
What’s the takeaway? Know your competition. Know what they’re doing and doing your research!
Offer Several Services and Options
Successful private jet businesses offer a wide range of diverse services to please their clientele.
This means that there’s something for everyone, from the wealthiest client to the excited tourist looking to indulge.
Consider these niche services for your business:
- International passenger charter services
- Transportation of nonperishable or perishable goods
- Sightseeing and scenic tours
- Specialty flying tours
Follow the Laws
Just like with any business, a private jet business also needs to comply with certain laws and tax regulations. This is for both legal protection and for running things smoothly.
You will need to consider if you want to take the LLC route, S or C corporation route, or general partnership. You may also decide that, depending on your business’s growth, you will expand into a more international market.
Confused about where to start with all the legal processing? Consult with an attorney and accountant. This is not an area you want to skimp out on.
Advertise and Market
Even if you have the best business in the world, you still need a way for people to find it.
All businesses need a beautiful, user-friendly interface (click here for one of our favorite examples).
Pay close attention to your design and interface. Make your blog content engaging and captivating. And, if you’re not web-savvy? Outsource the help.
Nowadays, marketing is more important than ever before. From having a website to expert business cards to brochures, effective advertising is one of the best ways to reach out to your consumers.
Get Professionally Certified
In order to really stand out above your competition, you need professional certifications.
Basic certifications start with:
- Pilot licensing and certification
- Air operator’s certificate
- 14 CFR Part 135 Air Carrier and Operator Certification
- 14 CFR Part 121 Air Carrier Certification
You will also need several legal documents including:
- Certificate of incorporation
- Nondisclosure agreements
- Insurance policies
- Company bylaws
- Insurance policy
- Memorandum of understanding
Privet Jet Business: Final Thoughts
Running your own business is exciting, and starting a private jet company can be an incredibly rewarding and lucrative option.
Be sure to follow these tips to ensure your success!
Have any comments or questions? Comment below. We’d love to hear your thoughts.