MONKEYqpHUNTER Posted January 11, 2008 Report Share Posted January 11, 2008 this may be a question i am supposed to figure out myself and if so i am sorry for asking. ive just started getting some orders from a couple of guys and im not sure what amount i should charge.should a worm be more than a lizard,should a 4 inch worm cost the same as a 6 inch one.does a one color worm cost the same as a 2 color worm and so on.what is a good price????????? Quote Link to comment Share on other sites More sharing options...
SwampBaits Posted January 11, 2008 Report Share Posted January 11, 2008 I sorta base the price off of 4 ounces of plastic for most lures I've sold. However many baits I can pour with the 4 ounces, for just under $1/ounce. Sometimes I don't go by that though...lol Quote Link to comment Share on other sites More sharing options...
saint308 Posted January 11, 2008 Report Share Posted January 11, 2008 You need to figure out how much your raw materials cost for certain baits. I would imagine it takes more plastic to make a 6 inch vs. a 4 inch bait. That means your cost is higher so the price should be as well. One piece vs. two piece is a time issue. If you are pouring the laminates in a one piece mold then it shouldn't take that much extra time. Therefore, you can sell them at the same price as single colors. Two piece molds take extra time and could be sold for more $. Once you know the cost to create the product, then you figure out how much you want to make for your time and effort. Hope this helps. Saint. Quote Link to comment Share on other sites More sharing options...
GARVINBASSMAN Posted January 11, 2008 Report Share Posted January 11, 2008 I do about the same as swamp does all my prices are based off 4oz plastic. Follow saints advice know the cost for everything including the bag the baits are put in and labels if they are used. Now time figured is a whole new story i wont touch on. Quote Link to comment Share on other sites More sharing options...
MDC Posted January 11, 2008 Report Share Posted January 11, 2008 Good advice above but also, try to keep your price per bag the same. I sell 4in and 6in worms for the same price @ 10count. For larger baits such as creatures or craws that use more material, I will sell for the same price, but adjust the qantity per bag. 8 pieces of the larger size and 10 pieces of the smaller size. I also have a larger diameter 6in worm which uses more material that I sell in 8 count. What ever you do, try to get it right the first time. I had to adjust my price at one time and it didn't go over real well. The truth of it was, I was selling a certain bait in 8 count and changed to 10 count for $.50 more. It took a minute to convience some folks this was actually cheaper. You are handpouring baits one at a time. If you are making a good quality product, the people who know the benifits will not mind paying a fair price. When I started selling baits I tried to be comparable price-wise as the big boys. I didn't understand why someone would ask me to match insert major manufacturer's name and color here, and then pay me the same money for half the number of baits. There is a color that works on several of the lakes around here for most of the spring and summer. I have a dead-nuts color match and sell them to several guys by the hundred. Three of them compete on a tournament trail and each of them has told me not to tell the others they are using my baits instead of the major manufacturer's. OK? Each of these guys use 300+ of the baits a year and are paying double to use mine. Why? Because they work better. One of the guys won Angler-of-the-Year on that trail last year and another guy won Angler-of-the-Year in our club. I know it sounds like I'm tootin' my own horn here, but it's just proof that if you have a good product at a fair price, it works out well for you and your customer. Quote Link to comment Share on other sites More sharing options...
dampeoples Posted January 11, 2008 Report Share Posted January 11, 2008 Whatever you set the price at, make it fair to YOU. If you're selling a bag of baits lower than everyone else, think how great that'll be when you're up to 1AM every night filling orders, and hardly have enough left over after it's done to buy more materials, much less take your wife out to eat. If say, Swampbaits gets $5/bag, why can't you? Undercutting the price hurts everyone, and clearly shows you didn't do your homework! The advice given here is great, and resist the temptation to give great deals just to start out, you'll always be the 'cheap' guy, no matter what you do. Good luck! Quote Link to comment Share on other sites More sharing options...
ChadK Posted January 12, 2008 Report Share Posted January 12, 2008 Good Tips here. I'm just getting started and have pondered this question alot!!! I made up an excel spread sheet with all sorts of calculations based on numbers you insert into certain colored cells. I've been dying for one of you guys to ask so I could have someone else try this out. If anyone is interested shoot me a PM and I'll gladly e-mail you the excel file and would love to hear your feedback. It was designed with the stick bait in mind, but i believe could be used for any bait. Probably WAY overkill, but I was boared one day! Quote Link to comment Share on other sites More sharing options...
basstracker Posted January 12, 2008 Report Share Posted January 12, 2008 naturally the smaller baits are normally less in price and a larger quanity. But not true if there is some special plastics or injected with scent. More for the 6" than the 4" and of coarse if they are scented, they will be more. Quote Link to comment Share on other sites More sharing options...
