BHouk 0 Report post Posted October 13, 2020 "To see your ideas materialize in the vise is the prime reward of fly-tying. After you have once created it, it may become a drudgery to keep reproducing that creation. You will find it much more satisfactory to have someone else do this work for you." Ray Bergman, Trout, copy right 1966. Take a look at Greg Senyo and Blaine Chocklett. They pulled it off. And neither of them ties the flies. You may have to out source to obtain the volume you might need and that will require overseas workers to keep the margins down. Chocklett's Game Changer flies sell for $5 to $7. Not $0.75... Quote Share this post Link to post Share on other sites
Bill_729 0 Report post Posted October 13, 2020 On 10/7/2016 at 9:38 PM, Mike West said: I tied this frog below just to do it and show off and I dragged it around with me and put it on display every where I went. First one I did took me about all day to do. Then I tied a bunch and I could do them in about 3hrs. Guy comes up to me a conclave and asks me how much for one..caught me off guard didn't know what to say..at the time I was getting $4-$5 each wholesale for standard bass bugs and $8-$10 to the public, I told him $25 he ordered two. I told him $25 cause I didn't want to tie them and figured that would scare him off. Next time I told a guy $50 he bought a dozen...then an other guy I told $125(just cause I didn't want to tie them) and he ordered 2 dozen. These guys are CEO's Lawyers,Doctors ect that give them away as presents. I never showed the thing in public again. I love your story (ha ha)! 😀 Quote Share this post Link to post Share on other sites
mikemac1 0 Report post Posted October 13, 2020 On 10/7/2016 at 8:54 AM, L. B. Fly Tyer said: Hello, I was wondering how to start a small fly tying operation online? As you might've read I like to tie flies for fun during my free time and sometimes would get carried away. If you really like to tie flies for fun and get carried away, I can identify with you. But in this day and age, trying to make decent income from the process will definitely take the “FUN” out of it. An alternative is to tie flies to donate to charity and take the tax deduction. There are all manner of outlets for charitable donations of flies—veterans and youth groups,, organizations like TU and local or regional groups. I’ve been tying flies for nearly 60 years and for the last decade or more everything I tie that I don’t fish with personally is either given away or donated. When not fishing or traveling, I tie at least a dozen flies a day because I like to. Most of those go to TU chapters or veterans. The donation tax write off (which can be substantial) is far more valuable to me than any piddling profit I might make if I tried to sell them. Quote Share this post Link to post Share on other sites
skeet3t 0 Report post Posted October 13, 2020 Anyone who manufactures fishing tackle, etc., is subject to paying an excise tax as prescribed by the Wallop-Breaux Act. I built custom fishing rods for seven years. I had to report to the IRS every quarter plus collect and pay sales tax on anything sold to anyone in Tennessee (never sold to retailers). Rod builders have told of the IRS snooping on the Internet and catching those who avoid paying the taxes. I would suggest you contact a CPA as you can deduct certain things for a business as using a portion of your home, etc. I found my "niche" as there are a sackful of bass tournaments just across the river in Dayton, TN. There were as many as 500 registered to fish one tourney. Playing the percentages, I could get a few orders out of that. However, I dropped the idea and quit building as I didn't retire to work full time again. Good luck in your decision as there are a lot of things to consider. Quote Share this post Link to post Share on other sites
