millsryno Posted March 2, 2006 Report Share Posted March 2, 2006 I was at Sportsman's Warehouse today and noticed Senkos selling for $6.49. They used to be $5.99. When I asked the guy that worked there about it he told me that GYCB dictates pricing and required them to. Just wondering if everybody has seen this in your area. The price per bait is now $.65 each. Oddly enough, Kinami did not have a price increase and there baits are selling for $.50 each. SSDP Link to comment Share on other sites More sharing options...
Sammy Posted March 2, 2006 Report Share Posted March 2, 2006 As of the 1st of December 2005,Yamamoto's price went up by 10%.Most other soft plastic companies increased their prices on Jan 1st,2006, anywhere from 8% to 14%. Sammy Link to comment Share on other sites More sharing options...
CrawChuck Posted March 2, 2006 Report Share Posted March 2, 2006 Wow...they don't look like all that much. What's so special about them they justify the cost? Have to excuse my been out of the lure scene for so long :oops: Link to comment Share on other sites More sharing options...
Sammy Posted March 2, 2006 Report Share Posted March 2, 2006 Hey CrawChuck, It has something to do with the prices of petroleum based products going up. My wife owns a tackle shop up here in Yarmouth,Nova Scotia Canada and her suppliers informed her of the price increases last October/November(2005).Now the suppliers claimed because of the devastation of Katrina and what it did to the petroleum industry is the reason for the hikes in raw materials to make these products.Makes some sense I guess,lol,lol. As far as Yamamoto goes,well I'm a tournament angler and I wouldn't throw anything but these baits during the mid summer period.I can't catch a cold on them in the spring,but starting in July they really shine for me anyway They may be more pricey,but my confidence level is high when I have them tied on For a senko type bait,you can't beat the original.Yes knockoffs/copies do catch fish at times,but in my opinion not as consistantly as the originals. Ken Link to comment Share on other sites More sharing options...
earthworm77 Posted March 2, 2006 Report Share Posted March 2, 2006 You would think that the price tag of 5.99 would cover any increase as they are alreasy drawing blood from a stone. Great bait but not worth even 4.00 per 10ct. Considering it costs them about 25 cents to make a whole package. Link to comment Share on other sites More sharing options...
bassnfool Posted March 2, 2006 Report Share Posted March 2, 2006 Yamamoto offers one of the best mark up margins to the dealer that you can find, that's a big part of the retail price. Link to comment Share on other sites More sharing options...
CrawChuck Posted March 2, 2006 Report Share Posted March 2, 2006 How do you fish them? Link to comment Share on other sites More sharing options...
bassnfool Posted March 2, 2006 Report Share Posted March 2, 2006 The most popular way to fish them is Texas rigged without a weight on spinning gear. The heavy amount of salt allows them to fall in a horizontal fashion. But this style bait can be fished Texas style with a weight, Carolina rigged, and a lot of people drop shot them both nose hooked and wacky style. I've had a lot of success during the post spawn on a Charlie Brewer (or similar) slider head. Link to comment Share on other sites More sharing options...
wannabefishing Posted March 2, 2006 Report Share Posted March 2, 2006 gotta remember tho, that they went up this year but went DOWN last year... they're actually at the original release price now. and we pay around $11. a pack (plus 15% taxes) up here in ontario now, was $9.50.... Rapala's went up in price last year too, and Yozuri went down, go figure.... i work P/T at a tackle shop, thankfully the boss buys lots of stock at fishing shows which helps to keep the prices down!! Link to comment Share on other sites More sharing options...
millsryno Posted March 2, 2006 Author Report Share Posted March 2, 2006 I wonder why they did not raise the price of Kinami Flash baits then?? Link to comment Share on other sites More sharing options...
earthworm77 Posted March 2, 2006 Report Share Posted March 2, 2006 Yamamoto offers one of the best mark up margins to the dealer that you can find, that's a big part of the retail price. This is due to the price. No bait should cost that much. There are plenty that don't that are on the same level. Your margins are better because it is likely the only bag of soft plastics in the store that goes for 6.49. I've seen them for 6.99. If it works for you, great. When I sold my baits to tackle stores, I expected a 100% mark up. I sold a bags of Stickbaits for 2.50, they sold it for 4.99 or 5.00. Last I checked and this was about 2 years ago, my local store got their Yammie baits for 3.48 a bag and sold them for 5.99 to 6.49. my situation is different because my stuff is custom order. Link to comment Share on other sites More sharing options...
Delw Posted March 2, 2006 Report Share Posted March 2, 2006 No bait should cost that much Oh yeah what should they cost? who are WE to dictate what a selling price is or how much profit we make? theres alot of things your not thinking about when it comes to business and people make money. People dont lay out large sums of cash to start a business only to give baits to people at a cheap cost. they start a bussiness to make a profit. so you think yamamoto baits should be less.? becuase its only cost 25 cents to make a bad of baits? look at it this way. cost of machines millions and millions cost of buildings millions and millions cost of advertising millins and millions then you have other cost employees insurance( from the employees to buildings to product libility) monthly plastic supplies monthly bag supplies printing catalogs up keep and the list goes on more than you can imagine. so lets say a bag of baits cost $10 and it cost him $5 to make. he makes a $5 profit, then due to price increases his baits cost $8 so instead of making $5 profit he is now making only $2 profit. why shouldnt he raise his rates to keep the same profit margin? the profit is what dictates what you can due for the future of the company and new machines unexpected problems etc. He spent millions and millions of dollars to make a product and because he is making a profit people get upset and say its too much, what they dont relize is with out people making profit companies cant grow. they employee people( like you and me) so we can afford to buy things, buy a house have a family etc.(which help companies grow and keep our butts from living off the goverment.) [/code] Link to comment Share on other sites More sharing options...
jmik26 Posted March 2, 2006 Report Share Posted March 2, 2006 $6.49, keep sendig the customers our way Gary !!!!! Link to comment Share on other sites More sharing options...
Senkosam Posted March 2, 2006 Report Share Posted March 2, 2006 Funny Del, but Tiki Stiks are sold for 2.99/10 at Walmart and have a big following, along with many of the small handpoured products we make. Granted, Senkos are unique, but not the only stick that can catch bass. When if comes to GY's other products, how come every other major manufacturer such as Gene Larew, Twister, Zoom, etc. etc., that have also had to also invest huge sums of money to mass produce baits, charge 35 cents each or less ? Is the plastic and salt GY uses any different or special? I think that's what EW was getting at is that gouging the customer due to product loyalty, will get old after awhile, especially considering that the average bass angler doesn't want to lose a 70 cent product every 5th cast! Supply and demand also dictates a product's value. You and Bob make a good, but unique product. Someone selling two-part and offering quality molds for half the price, will leave you in the dust as far as sales. Money talks, loyalty walks! Link to comment Share on other sites More sharing options...
jmik26 Posted March 2, 2006 Report Share Posted March 2, 2006 Well put senkosam, WE are the customers through supply and demand that dictate the price. Raising the prices to high is like shooting yourself in the foot! We all know through Dels many explanations that it takes millions and millions of dollars to start a business blah, blah, blah........ People would not get into the business if there was no money to be made. Check and see how big Garys house is and what type of car he is driving. I bet its not a ranch in a suburb and hes not driving a ford taurus! Are we really suppose to believe that Gary puts a $3.50 worth of additives per pack that TIKI don't : Link to comment Share on other sites More sharing options...
earthworm77 Posted March 2, 2006 Report Share Posted March 2, 2006 Thanks Sam you hit it on the head. Del, c'mon, we both know what those baits cost. Like Sam pointed out there are a ton of other manufacturers who do not charge anywhere close to those prices. It is excessive but there is a market that relies on them so it works out. But to think that they are actually worth? That's another story. If I tried to sell my lures for 6.49 a package I likely couldn't get past my conscience. Link to comment Share on other sites More sharing options...
Travis Posted March 2, 2006 Report Share Posted March 2, 2006 Thanks for the laughs guys. Link to comment Share on other sites More sharing options...
Delw Posted March 2, 2006 Report Share Posted March 2, 2006 Frank your correct we cant get bamboo stiks here that cheap. like you said people buy it so it dictates the price. Veyr few people know this GY does not do this to keep alive, he did this to make money. Do you really blame him? woudl you do it? He has one of the biggest specialty cattle ranchs in the use. I believ its called Kobe beef Most of his meat went to Japan Gary is a very very good buisness man and probally one fo the nicest guys someone can ever meet, He used to live here in AZ and was always at all the tournys including the little weekly ones, He would give out tons of baits , tackle fishing poles etc to kids at every tourny( he would just come to them to say hi and didnt fish them much) I have the utmost respect for gary and Ben Matusbu, I know them both. I cant say enough about those 2 people, they set my daughter up in bass fishing big local tournys here in az, Ben even went to the extent of checking up on her and seeing how she was doing in one tourny he was fishing here years ago. Yamamoto has donated more money and product to local tournys and charities than anyone else in the fishing industry here in AZ. They dont stop giving. At the same time they are in this business to make money. jmik26 what do you think he is giving these machines for free? a business to have like berkly , yamamoto, yum baits etc, yeah it takes MILLIONS, if you dont think it does try pricing equipment, buildings etc. better get your calculator cause its going to be more than you can count on your hands and toes. Which house? which car or truck? for that matter which boat, ( he has a few of them)does it really bother you that someone is creative enough to make a damn good living for them selves? Link to comment Share on other sites More sharing options...
pourboyplastics Posted March 2, 2006 Report Share Posted March 2, 2006 GY's baits are the original and here is Socal, and that's what most of the guys use, and most of my pros will not touch Tiki's or any other knock off because the action and color is not the same. Most of our shops are always out of GY senkos, so price sometimes doesn't matter, but then again we are picky down here. Link to comment Share on other sites More sharing options...
Delw Posted March 2, 2006 Report Share Posted March 2, 2006 Earth worm I know what the baits cost I was using those numbers as an example only. everyone seems to forget that there is other things involved in business also its called overhead. if you had to add insurance advertising and everything else your price would go up. the product generally costnoghting its all the other things that bring the price up. perfect example look at software, you know why its expensive its because of packaging. not the product. Link to comment Share on other sites More sharing options...
nova Posted March 2, 2006 Report Share Posted March 2, 2006 What it all comes down to is if you don't want to pay the price don't buy the product. If you buy the product don't complain about the price. If everyone stopped buying the product the price would drop.(supply and demand) As long as people keep buying it at those prices GY would be a fool to stop selling them. Maybe he is just "testing" the market place sort of like the oil companys do. If we could get $1/bait, how many of us would refuse that? A big problem some of us have is that most customers don't know the difference between homemade and handmade. The quality of GY product not withstanding, I'm sure there are quite a few guys here that can pour a product of equal; if not better; quality and with colors that GY would like to have in his lineup. Link to comment Share on other sites More sharing options...
jmik26 Posted March 2, 2006 Report Share Posted March 2, 2006 Del if your such good friends with Gary, call him up and tell him that his baits are priced to high and if he can't get his income statement to indicate a profit at the end of the year he should hire a few TU members to help him out! Link to comment Share on other sites More sharing options...
wannabefishing Posted March 2, 2006 Report Share Posted March 2, 2006 Tiki's at the shop i work at are less then half the price of the senko's, has been a year and haven't had to restock any of the tiki's.... the senk's on the other hand, can't keep certain colours in stock and their usually on back order from the supplier.... .... isn't fishing all about confidence tho? you have to have confidence in what yuo're throwing, i personally don't have any confidence in Tiki's or Yum dingers... so i personally won't "waste" my money on them... of course i don't buy GY senko's anymore either, they just ain't as good as the homemade handpours Link to comment Share on other sites More sharing options...
Sammy Posted March 2, 2006 Report Share Posted March 2, 2006 Hi CrawChuck,up here in Nova Scotia the most popular way to rig the senko is whacky rigged.Alot of our customers are now purchasing a new fangled tool(been out for 2 years) that helps save on throwing away a $1.00 bait every 5th cast.It's called a "Whacky Tool".Pop a senko into the open end and then guide an "O"ring up over the tool and onto the senko.Then take the hook and rig it in between the ring and senko,hook never enters the body of the bait.It does save the customer in the long run and since selling that tool we really haven't seen a decline in senko sales as one might think...win win:-) In our shop we carry 2 brands of knockoffs,one being Tiki stixs,the other is the Yum Dinger and Yamamoto out sells them by a 4:1 margain.Folks up this way don't want knockoffs or copies,they want the original and that's what they buy.Something like them folks in Socal that was mentioned. As Nil says in his usual eloquent way if you don't want to pay the price,don't buy it. Sammy Link to comment Share on other sites More sharing options...
Delw Posted March 2, 2006 Report Share Posted March 2, 2006 wannabefishing you said it best .... isn't fishing all about confidence tho? you have to have confidence in what yuo're throwing, I have confidence in certain yamy products and in certain lakes, they have gotten me checks, so even though I can pour them I buy certain colors. Ive poured my own stiks just like the yammies I have gotten a few checks too but its a confidence thing and for me its a time thing. Delw Link to comment Share on other sites More sharing options...
