According to the National Golf Foundation's 2010 Operating & Financial Performance Profiles of 18-hole golf facilities in the U.S., private 18-hole golf clubs had average total revenue of $3,277,000 in 2009, but with total expenses of $3,204,500.
Underscoring research from the International Association of Golfing Tour Operators (IAGTO), the organization states that the international golf tourism market is worth an estimated US $17 billion.
The most common income streams are green fees, membership fees, pro shop sales, and food and beverage sales. While increasing membership fees or green fees might seem like a good way to increase revenue, it might put off more golfers than the additional income earned.
For avid golfers, there is a notable upside to being able to walk out your front door and play golf any time you want. In addition to having your next round of golf right outside your door, living on a golf course often affords views of sprawling green vistas.
Golf tourism is an important sector in the tourism industry, in terms of average daily expenditure per visitor. However, golf tourism also generates social and political controversies, mainly due to its impact on the environment.
After all expenses, the best golf retailers rarely profit more than 2-3% of the total cost of a club. However, as a whole, we can say that around 33.33% of the cost of a golf club is the markup from the retailer.
How To Make Money Playing Golf (Top 5 Ways)Get a Job as a Golf Pro. ... Play in Golf Tournaments. ... Place Friendly Bets with Your Friends. ... Become a Mystery Shopper. ... Get Sponsorships/Become an Influencer.
Golfers get paid so much because of sponsorships and tournament funds that are allocated to the tournament purse. Because of the attention to professional golf and the participation of brands and fans, there is quite a bit of money to give to the top players.
Golf course communities tend to be tight-knit neighborhoods, making them highly sought after. It is also considered prestigious to live in this type of neighborhood. People enjoy living in these communities, so not only will you likely sell your home quickly, but you may also receive top dollar for your property.
There are so many wonderful advantages to living on a golf course or in a golf course community – from the high property values and quality school districts that usually are nearby, to the other community amenities and golf at your fingertips, living on a golf course is living the dream.
"Anyone on the golf course or nearby is at risk. Finally, pesticides applied to the turf may run off into surface waters or leach down to groundwater, which can then expose people to contaminated drinking water. These people may live far from the place where pesticides were used."