44 replies to this topic

[Basscandy92040]

I broke my cost down on the bare bones. Onces of plastic=number of baits. Cost of plastic down to the once with shipping. How bait baits per once. give me a rough cost per bait. I know not including all the glitter and color scent etc...

I figured about a buck per pack and wholesale to the shop for 2.25 they sell it for 3.99...

It seems to me the way to make any real profit is selling it for retail......

When I do jigs it is a bit easier since the cost to make them are the head .47 shipped skirt tabs .11 to .13 each bulk. 2.5 tabs per jig, .2 for collar and .6 for WG. bag .13 lable .3 right under a buck...sell it for 2.00 store sells it for 3.99.... power paint...dont even know how many jigs I can paint from a 2oz jar...

Just my easy way to think about the costs..

[Frank]

I can tell you one thing if you produce a bait that moves off the shelves there is profit in that. Not being retail lets me spend more time on what I can make a profit on. Not sitting on bags and bags of baits in colors that just dont move. Retail for the most part has overhead and all that comes with that so you make more but have to spend more to keep it going. Frank

[SHK]

if you retail direct through a website and make all of your baits to order Frank, you eliminate the over head of having to stock everything. that way the only baits you are making are those that are selling.

[Frank]

SHK, on 15 February 2012 - 10:24 PM, said:

if you retail direct through a website and make all of your baits to order Frank, you eliminate the over head of having to stock everything. that way the only baits you are making are those that are selling.

I knew this would come up. And here is my reasoning for that. I cant make the kind of money like I do making one bag of baits. In fact I cant do it making even 100 at a time. And bagging labeling and taking care of things does take time that should factor in cost. The shop that sells alot of my products tells me what they want, that gives them the confidance to sell my product say over a name brand because it suits the needs of the area. Good point though and it is true. For me at least it is easier to sell something that is in there hand, than a web site that is just a picture.I guess I was just made to be behind the scenes and not in the for front. Frank

[Basscandy92040]

The website thing never took off for me. I dont know what the trick is to get folks to buy...I know my stuff sells at the shops here in town. I had a website up for a while. It was not the easiest to navigate maybe that was the reason.. Lots of hits but no bites (HAHA).

Its more of a hobby I guess with some returns in money. It would be nice but to have a productive website but with that it is more time. Taking pictures of every color worm, jig swimbait etc, takes time. I find myself busy doing stuff for the shops and not taking time to finish my new site...

Either way, it feels good to know that people out there like your stuff that you create and catches fish. I guess that is why I do it.

Frank, your videos are great by the way. very helpfull.