Hi guys,
I thought I would put a few words in. Here is my story. There is absolutely not 100% markup in fishing tackle. Jim has it right...its more like 20%-50% depended on the item and what the big box store set their retail price at.
I am a specialty fishing store.
I started my shop over 15 years ago out of my house. Obviously everyone knows my passion is musky fishing. Back in the day Musky tackle was almost impossible to get. If you did find some tackle there was a 100% markup compared to what retail was in the states. I decided to take the risk to help guys out and start importing. This is 15 years in the making and now I have a store with overhead. Because I was able to buy direct and with the NAFTA agreement allowing me not to pay duty...my prices ended up being basically the same as the US stores. I survived 12 years out of my house with an online mail order business. By buying direct...(having to spend large mins.) nobody in Canada really touches my pricing. Musky fisherman were about 5% of the fishing population. No stores wanted to invest the money it would take just to bring in a whack of Musky lures just to sit on the wall. If they did bring something in...most times it was from a distributor. Distributors in Canada are the ones that basically wrecked the market Canada having higher prices. They have a 20%-30% margin before the dealer got their hands on it. As for the little guys that are starting out....if you don't have investors or a couple $100,000 in your back pocket buying from distributors just killed you. You can not compete.
I think its great if someone gets a good deal on something elsewhere. I tell them to buy it! If a Bass pro comes to Kingston...we all know the kind of service you will get...plus I don't think their prices are that great. To me its not worth the drive other then they have a tons of items in stock and you may be able to see whats new.
Small guys like myself and Jamie down at Pro Advantage do this because we have a passion for it and it is our hobby as well. We are just fisherman just like yourself.
I sponsor well over 10$ grand a year towards fishing clubs, local charities and fishing events like Pat' Cops and kids fishing, fishing tournaments, and I am a major sponsor in the Kiwanis Walleye world....I also sponsor this board along with a few other fishing forums.
Being one of the little guys is tough sometimes...we obviously try to earn business with service and try to have competitive pricing. Drive an hour or more just to save .10 cents...that's not worth it. now if you did save a few $100's....sure it is.
Keep in mind that we are all friends and are here to help out. It is us little guys that give advice and share fishing techniques and drink beer at night with you. We have families as well.
There have been a lot of small shops come and go in the last 20 years in our area. We all have to adapt and by supporting the little guys...we all stay in business.
If you see a great deal buy it! But....by saving .10 - .20 cents on an item buying out of area and then coming into the store asking advice on how to use it or techniques.....
was that really worth it?
I hope my story wasn't to long.
Stacy
Pro Tackle