Les Young Posted June 19, 2016 Report Share Posted June 19, 2016 1 smallmouth & 4 largemouth for 13.44 pounds. All on stuff i made myself. Second through fourth all had a little over 9 pounds. Also have a guy at a local tackle shop wanting to buy a bunch of my baits to put in his store.Pretty good night if i do say so myself. lol 3 Quote Link to comment Share on other sites More sharing options...
smallmouthaholic Posted June 19, 2016 Report Share Posted June 19, 2016 (edited) 1 smallmouth & 4 largemouth for 13.44 pounds. All on stuff i made myself. Second through fourth all had a little over 9 pounds. Also have a guy at a local tackle shop wanting to buy a bunch of my baits to put in his store.Pretty good night if i do say so myself. lol Congrats on the "T" win-especially w/ your own baits. A couple of points dealing w/ a store- 1- Do not accept consignment-you get paid immediately after delivering your baits 2- Stores want a 40% discount and don't forget you're required to pay a 10% excise tax on the wholesale price to Uncle Sam. It only takes 1 jealous competitor to dime on you and you may be visited by the I.R.S. Excise tax w/ form #720 must be filed quarterly. You will need a Employer Identification Number (E.I.N.) issued by the I.R.S. 3-Calculate you vehicle expenses( most don't do this) and determine your minimum wholesale order to the shop . You can't be running back and forth for $50- $100 small orders and make a profit. Been there-done that when I started out. Good luck and success! Edited June 19, 2016 by smallmouthaholic 1 Quote Link to comment Share on other sites More sharing options...
Les Young Posted June 19, 2016 Author Report Share Posted June 19, 2016 smallmouthaholic thanks. Believe me if i deal on anything it's cash on the barrel head & i'm not going to fool with it anyway. I already have a 10 hours a day & usually 50 to 60 hours a week. I am also not about to turn a hobby that i'm really enjoying right now into a job, Don't mind taking care of my buddys, but that's the extent of it for now .Might be something to do several years down the road after retiring, but absolutley not interested in doing it full time just yet. lol 2 Quote Link to comment Share on other sites More sharing options...
Les Young Posted June 19, 2016 Author Report Share Posted June 19, 2016 (edited) Congratulations. A win on your own creations is a pretty heady experience. I pretty much don't fish any plastics except my own anymore, and I've been lucky with them a couple times now. I also have a couple boxes full of nothing but baits I've been given by or traded from TU members. Sometimes I go fishing and only take those boxes. Its a time full of anticipation and uncertainty. I can thank Gene Graham for several big fish on his crankbaits, and another member for a tournament win on their spinnerbait. I wish I knew who's spinnerbait that was, but I lost track. I'd like to trade them for some more of them. I'm still trying to figure out the right rod to feel comfortable throwing Jeremy's topwater chase rigs. Bob, i'm making my own jigs, spinnerbaits & plastics now too & that;s all i;m fishing. The last 2 years it's been my jigs & spinnerbaits exclusively for my partner & i & we've won & placed in several tournaments on them. I really like making my own stuff & then winning on them. Makes it way cheaper too. lol Edited June 19, 2016 by Les Young Quote Link to comment Share on other sites More sharing options...
alsworms Posted June 19, 2016 Report Share Posted June 19, 2016 Congrats, Les. There is no better feeling! 1 Quote Link to comment Share on other sites More sharing options...
Chuck Young Posted June 21, 2016 Report Share Posted June 21, 2016 Great job! A win win win. Quote Link to comment Share on other sites More sharing options...
