You're right that my suggested donation was high, but I was looking at the potential market and costs involved and maybe I was being overly generous with what the donation should be. Definitely I would like Andrew to make a profit and a serious one so that he can establish a terrific home based business in an industry he obviously has a passion for. It would also be great to have another local manufacturer making products just for the B.C. market. In saying that, I don't think I was far off in my estimates for values. Koho Killers run about $7.50 each at most smaller tackle shops and "wholesalers". The store price has been stepped on at least twice, once by the importer and a second time by the retailer. Koho Killers are 25% smaller, so at $10.00, Andrew's Sand Lances makes sense as a comparable product and a fairly competitive price. As sell direct business, with no wholesaler or retailer, advertising costs bourne by Sport fishingBC and very little or no incremental overhead, these spoons manufactured in a small "cottage-style" business plan are likely to be somewhere close $4.00 a piece to make and that includes all labour, stamp costs, manufacture and materials (and I would suggest that that is a very high cost estimate). Doubling that to $8.00 a piece would generate a 100% profit and still allow for a healthy donation to local salmon enhancement. If I am way off base, I will have no problems standing corrected, but I do have a bit of a background in manufacturing and Asian Imports.Try not to put a dollar figure on what you think should be donated back into fisheries. Use a % instead. After all the grunt work, you want to make as much profit as you can. Thats just business. Giving away 20% of something that you might only see 10% profit from makes no sense. If you use a 10% profit margin as the norm, and you arent to concerned about how much money you make off of them, I think a donation of 5% would me more along the lines of what you should be looking at. If you produce 25000 of them, sell them for $10, thats $250,000. 5% of $250,000 is $12,500. Thats a bunch of money back into the fisheries program of your choice with you still making a bit of profit as well.
Great design by the way. Im not from the coast but for as many times as i get out there a year, id buy a couple as well.
Ps, where can I get some sitka stickers?
I'm a gear junkie. I'd take a few!
x2 ............BB
Just a noob question...but what size of hook is it designed for and how does a bigger or smaller hook change the action?
And can you change the Sitka sticker to have a tree and a guy with a fishing rod?
Great looking spoon!.....one question:- I notice you are tying direct to a split ring up front.....no issues with that?
Always been leery of doing that myself.......
what size of hook is it designed for