I have a quick question for you business people out there. I never really expected to be able to sell my baits. I was only doing it for fun and friends. However, I have been fortunate enough to have a few people buy from me (about $100/year). Not much, but enough to buy plastic. Now, I have been introduced to a couple of shop owners that have shown some interest in giving me a few pegs to hang some bags. One of the shops is a small shop by a boat launch. They do not do a huge amount of volume, which is what I like. The other is a much larger operation. I am not sure the best way to negotiate here. I think I have seen this topic somewhere, but can't find it. So here are my questions:
1. Should I sell my baits to the shop and let them mark it up, or should I hang my bags and give them a cut of sales?
2. How many colors should I stock of each design?
3. Part of the beauty of hand pouring is the ability to customize. How does the customer from a shop know that I customize, and how do you compensate the shop for custom lures?
I guess if I put bags in a shop, I need to do it legally and get Tax ID numbers and all that commotion. Any suggestions on becoming legal? Thanks in advance. Saint.