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rooster
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Gt.Manchester
England
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I AM the voice of reason...so shuttit! lol
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 Posted - 13 June 2012 : 12:04:49 AM
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Well here's a little eye-opener, today I rec a replacement top kit from a very well known manufacturer and enclosed was a trade price list by mistake obviously meant for a dealer. The prices boasted a MINIMUM 100% mark-up for the dealer and some items even more
Are you happy with that as long as you get a cuppa tea and banter in your local friendly tackle shop?...or do you still not think the tackle trade is a rip-off?...I've always suspected but now I see it in black and white, I've been involved in three businesses and 100% mark-up was unthinkable.
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You know that little thing in your head that keeps you from sayin things you should'nt?...well I don't have one of those! |
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Terry
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Oxfordshire
United Kingdom
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Protectyourbubble.com
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Posted - 13 June 2012 : 12:39:20 AM
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| That's about the going rate in retail. When you take into account delivery, rent, rates wages, heating, electricity , insurance, tax, accountants , shop lifting, tea bags milk and sugar, a profit of about 30% is about right. |
Blessed are the cracked:
for it is they who let in the light
Maggot Drowners Rolfs Pairs Pools Fodder 2011 / 2012 |
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woolavy
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Somerset
United Kingdom
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29 November 2011
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Why alway carp, carp, carp?
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Posted - 13 June 2012 : 07:02:22 AM
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Thats not unusal, When i get stuff from a well known tackle shop in norfolk, i usually end up with the trade prices on my receipt.
Some items are 300% or more mark up, but little 'profit'.......others are 50% mark up but a bigger 'profit'.
Dont worry about it, if you know you got a good price compared to other shops then no worries.
Fishing shops are not usually rammed packed and massive profit making. |
Would love to say I'm a 'top class all-rounder'......but I would not be telling the whole truth!!
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badpegpicker
Proud to be a.....
Northamptonshire
England
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26 May 2006
Posts: 11224
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Posted - 13 June 2012 : 07:27:16 AM
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This subject comes up quite often, and the general consensus is that tackle shops, the same as any other business are in business to make a profit.
Why would you set up a shop not to make it worth while opening up?
Ive been involved in the "shop" side of things in fishing, and believe me, some of the things youve seen on you list are probably nothing compared to the rest of it
And if you think the mark up/profit on tackle is bad, then you should try working in the motorhomes trade...now THATS an eye opener!
Regularly they bought in a motor for around £X and sold it on for nearly double |
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Dave
Red Leader
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West Yorkshire
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...fully qualified in Tea making
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Posted - 13 June 2012 : 07:30:38 AM
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Also, if you think about it the common complaint on here is people going into half empty tackle shops, or ordering to find that it isn't in stock - stock costs money and is usually dead money sat on shelves, especially in the fishing tackle industry.
The funding for the stock is in a lot of cases by means of bank loans and business overdraft for larger slow moving items, or if the shop keeper is lucky enough on account with terms for the faster moving stuff.
The longer something is sat on a shelf the more chance it has of going out of date or being superceded by a newer version resulting in the stock having to be discounted to move it on.
Further more with internet competition the prices quoted by manufacturers is often the suggested selling price or recommended retail price, as is often the case the shop would not be able to sell at all if they charged these prices.
There are so many variables to take into account that the trade price list is of little relevance to the retail customer |
Dave 
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wildinguk
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02 March 2012
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Posted - 13 June 2012 : 07:31:36 AM
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Not suprised, a friend used to work in a well known upper market jewelers chain. The mark up on trade for them was 400%!!!!!!!!! So a £400 watch cost them £100.
Knowing the mark up, though, gives you room to haggle for a bit more discount though. |
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Hatman
Drawbag ace
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West Yorkshire
England
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17 April 2007
Posts: 4983
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Posted - 13 June 2012 : 08:27:41 AM
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| Don't forget that trade prices are quoted ex-VAT. Yes the dealer (assuming VAT registered) gets VAT back on their orders, but the price you pay & are comparing to includes VAT that the dealer has to pay to HM Treasury & Customs. |
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reel1
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Staffordshire
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mikeb511
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Cheshire
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you are a long time dead so go fishing
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Posted - 13 June 2012 : 08:47:32 AM
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HI did you no that a pole that you buy in a shop my make £25 to £50 IF they are lucky and sum make less thats why the shop never has the top poles in stock it cost to much to Carry and the profit is very low  |
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Kristian
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08 November 2007
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Posted - 13 June 2012 : 08:49:57 AM
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| Agree with most of whats been said above... Also overall the tackle trade, particularly shops, cannot be that profitable or why would so many local tackle shops be closing?!? |
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codenamemilo
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Staffordshire
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Posted - 13 June 2012 : 09:14:55 AM
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| Its nothing compared to the service industry. In my industry you might invoice a client anywhere from 6k to 30k for something that has a cost of sale of less than 20 percent of that. |
Give a man a fish, and you'll feed him for a day; give him a religion, and he'll starve to death while praying for a fish |
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Neil ofthe nene
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Northamptonshire
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Posted - 13 June 2012 : 09:19:56 AM
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| Simple Economics 101. Supply/Demand and what the market will bear. |
Average club angler who seems to get the right methods sorted halfway through a match, just in time to say "if only" |
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Tony_grig
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Cambridgeshire
England
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07 May 2006
Posts: 735
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Posted - 13 June 2012 : 09:25:35 AM
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A lot of people seem to think the angling trade should have an element of charity about them for some reason but they are just businesses who work in angling world whose job is to earn money!
Of course everyone has their preferences and may find certain brands to be better value in their mind, but I personally think the tackle trade offers something for everyone and is certainly no worse than any other industry.
Cheers
Tony |
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Ethics Man
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Essex
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1 wife, 1 daughter, 1 dog, several rods...
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Posted - 13 June 2012 : 09:31:57 AM
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All fair points above.
On the whole, I'd rather support my local tackle shop wherever I possibly can. Otherwise, in the future, we'll be faced with driving miles further for maggies etc - or having them arrive by post, and that wouldn't be funny! |
Why is it that when we're talking to God it's praying, yet when he talks to us we're barking?
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AdderB
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Wiltshire
United Kingdom
Member Since
30 March 2011
Posts: 32
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Posted - 13 June 2012 : 09:59:21 AM
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I think the mark up on tackle is quite fair. Looking back say 20 years , Tackle shops were selling many gallons of Maggots with probably 100 % profit and this was happening for 9 months of the year as a fairly fixed income. We know this does not happen today due to change in fishing venues from Rivers to Still Waters . With Poles costing many hundreds of pounds to keep in stock , they have to make a good mark up on them. Looking at my local shops , holding stock must cost many thousands of pounds. Gone are the days of just stocking Bayer and Maxima and a few mustad hooks . Tackle shops are closing down all over the country so its not a licence to print money.
Tackle shops are a vital part of our hobby and most of the info I get regarding venues and methods comes from them. We need them ! |
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andy72
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Tyne and Wear
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02 September 2011
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Im just a Newbie so will ask silly questions.
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Posted - 13 June 2012 : 11:52:35 AM
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| The reason so many local shops are closing, even with the mark up is simple ..... Zero sales with 100% market still equate to zero income. |
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chunkylover
Ding Dang Do
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Lancashire
England
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Posted - 13 June 2012 : 12:37:04 PM
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I'm not suprised by it and totally agree with it. You say you have been `involved` with three buisness', if that was the case you would understand why products are marked up 100% in some cases, to cover the growing overheads of the average business.
Wages, rent, business rates, tax, VAT, gas, electric, stocking, banks charges, advertising etc etc etc the list goes on
The tackle trade is not a `rip off` industry and they are not making money hand over fist, like most industries they are having hard times, hence shops closing down left right and centre. |
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Edited by - chunkylover on 13 June 2012 12:38:37 PM |
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groundhog
Life's Survivor
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Shropshire
England
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vacuman
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Hertfordshire
United Kingdom
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14 December 2009
Posts: 314
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Posted - 13 June 2012 : 1:10:11 PM
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| I used to work in IT sales and most business PCs and laptops were sold with under 6% mark up. Even your local PC World is lucky to make 10% on big ticket items. So the profit needs to be made on peripherals and services. Tackle shops have similar challanges and discount the big ticket stuff and hopefully make money on the hooks, bushes, line etc. etc. |
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Nanook
Life Member
Lancashire
Member Since
27 July 2011
Posts: 1189
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Posted - 13 June 2012 : 1:13:58 PM
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100% is disgusting.
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dumdum
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Nottinghamshire
United Kingdom
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hmmm, waiting to go fishing again!! altho i did ge
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Topic |
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Tackle prices and profit margins
That is Soo True mike b511 mate,Trouble is people will not believe that a shop selling say a £ 2,500 pole,actually only makes £25 to £50 on the deal.
"Born to fish Forced to work"
