Mountain Man 26 Posted June 1, 2013 Report Share Posted June 1, 2013 If you sell a lure design to a company, what is a standard royalty off each bait. I am told that 3-4 cents off each bait sold is standard. Anyone have any experience to share? Thanks much! Quote Link to comment Share on other sites More sharing options...
Tracy G Posted June 8, 2013 Report Share Posted June 8, 2013 I have no idea, but surely there is someone on here that knows, maybe they will chime in. Quote Link to comment Share on other sites More sharing options...
jt_ncbassman Posted June 9, 2013 Report Share Posted June 9, 2013 I would honestly be surprised if there's a handful of people that have successfully pitched a lure design to a bait company, and then have that bait company recognize and respect their idea. There was an old guy in my bass club who is an incredible fabricator/welder ( I mean, this guy could turn a pitchfork into a house ) This man would take Rapala Floating Magnums, sand the nose down a little bit, and install a cupped piece of clear plastic about the size of a penny with bondo to the nose of the bait. It became known as the gouger-plug and was famous in our area. I can remember my dad stopping by his shop to pick up 200 dollars worth of gouger plugs before a post-spawn tournament. So, the club convinced Gouge to send his design principle to Rapala...... To my knowledge, the skitter pop was the first popping bass lure to feature a clear plastic popping surface that is larger than the actual body of the lure. A simple.... but kind of genius idea. Rapala said there was nothing they could do with his design. Talk about a slap in the face when the skitter pop came out a few years later. I would be curious to know if anybody has succeeded with pitching an idea though. Sorry to rant Quote Link to comment Share on other sites More sharing options...
nova Posted June 9, 2013 Report Share Posted June 9, 2013 Like the old guy used to say;" you'll never get rich off of a rich man, only screwed". Quote Link to comment Share on other sites More sharing options...
bluetickhound Posted June 9, 2013 Report Share Posted June 9, 2013 To my knowlege, Fred Young is one of the only guys to ever make a good business deal with a lure company that resulted in $$$ AND actual recognition for his design.... Quote Link to comment Share on other sites More sharing options...
Jig Man Posted June 9, 2013 Report Share Posted June 9, 2013 (edited) A friend of mine invented a way to remove the second blade on a spinnerbait and easily replace it. He got a patent and sold it to John L. Morris. He said that he got $10,000 up front and $.01 for each spinnerbait made. I don't know how it is going as he got cancer and died. Edited June 9, 2013 by Jig Man Quote Link to comment Share on other sites More sharing options...
Mountain Man 26 Posted June 10, 2013 Author Report Share Posted June 10, 2013 Thank you all for your posts! Quote Link to comment Share on other sites More sharing options...
Hughesy Posted June 12, 2013 Report Share Posted June 12, 2013 The standard in the industry is 3 to 5% of the landing cost. Quote Link to comment Share on other sites More sharing options...
Skeeter Posted June 15, 2013 Report Share Posted June 15, 2013 If anyone would know, it would be Hughesy. Skeeter Quote Link to comment Share on other sites More sharing options...
