chadholcombe Posted August 16, 2007 Report Share Posted August 16, 2007 Guys I am getting ready to put my baits in a few local stores that I have spoken with. What is the normal mark up that should be used when approaching a store to sale wholesale too. In other words if I want my package of 5 jig heads to retail at $3.75 - 4.00, where do I need to be when selling to the stores. Thanks guys Quote Link to comment Share on other sites More sharing options...
Dungeonhawk Posted August 16, 2007 Report Share Posted August 16, 2007 it all depends. if its a major store, like a chain of some sort, they usually want to get 100-140% markup. so in that case 1.75 or so. but if its local mom and pop, you can sometimes get away with a 35-55% markup. so sell to them for 2.75 ./ less or more depending. Quote Link to comment Share on other sites More sharing options...
jigmaster Posted August 16, 2007 Report Share Posted August 16, 2007 ditto, mr hawk approx 30-35 % is the norm regards JM www.daimonlures.com Quote Link to comment Share on other sites More sharing options...
Ogajiga Posted August 17, 2007 Report Share Posted August 17, 2007 When I opened my first local tackle shop account 10 years ago, I picked the most popular shop in the area and asked the owner(who knew me as a customer) what his profit margin was and he said around 40%. So my wholesale price was mutually agreed upon at 60% of his retail price. Eventually, with more accounts and a track record, I could figure my own wholesale prices but for starters, it was helpful for him to suggest a retail price he could sell for. Quote Link to comment Share on other sites More sharing options...
Hillbilly lures Posted September 2, 2007 Report Share Posted September 2, 2007 delt with wallyworld for years and there mark-up was 30%,not 29 or 31 they were pretty happy with 30 Quote Link to comment Share on other sites More sharing options...
