I used to make them in batches of about 40-50, usually in a batch I would only do 2 - 3 different colour schemes. From start to completion would take about 4 days, I would complete a step and go and do something else, then come back and carry on to the next. I used to love seeing them all painted, lined up ready to topcoat, they looked like lollies (candy??), all exactly the same, just different colours.
I worked out that I made about 4.5-5 an hour, for which I got $4.80 ea, take out the cost of hooks (VMC) rings, lips and the brass hook hanger, which I paid $1200 to have the die made, including 3000 hangers, the guys at the tackle shops were laughing at me, they were making $4.80 on each one, for standing behind a counter.
This was all about 25 years ago, now (when I get back to it) I would be lucky to finish 2 a day. I am doing colours, that usually work and are what I want, I can play with foil, and different weights, lose them all and not care, just go home and make some more - biggest problem I have is getting the wood.
I don't think I could bear to count the steps, it would put me off again, I like it where you can please yourself what you paint and when you paint, never a slave again.pete