Horse ownership is a costly venture not to be undertaken by those with small pocketbooks. In addition to the costs of board and feed, horse owners must also shell out big money for farriers, vets, riding lessons, and equipment. Despite these high costs, it is possible to make owning a horse work for you. Here are some tips on making a profit from your horse.
Riding Lessons
You may be paying for lessons from a riding coach, but that doesn’t mean you aren’t qualified to teach beginner lessons. Lots of children dream of having their own pony, but the reality is the majority of parents cannot afford it. In Canada, the going rate for beginner lessons usually ranges from $20-$40 an hour. With just a few lessons a week, you can seriously reduce the amount of money you’re paying for board.
Tip: Make sure you have a professional lesson plan done up to impress parents with your knowledge, and be ensure you have adequate insurance to cover any unforeseen accidents.