02-05-2013, 01:44 AM
Quickcatch14- I wish it was so simple as to send in a design and make money. I think you will find shortly that it requires a lot more involvement of time and money and marketing to bring your ideas to fulfillment. The lure business is first and formost a buisness to make money. Competition is stiff and cutthroat. I hope you didn't send your designs off to those companies without patent protections on them? It is too easy for a company to change a lure a little and call it their own,had that happen on a couple lures of mine by a couple companies.
Probably the best way to get your designs out is to do it yourself,if they are as good as you think they are then you should do fine and then the big guys will come calling on you to buy you out. I never went to companies they came to me after seeing my designs. Royalties were never that great for me,top year was about 2,000.00. I owned a tackle store and made more on them selling them to the public. Hope that helps.
I keep thinking of an old buisness saying-If you don't have enough faith in your idea to put all your time and money into it,why should anybody else?
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Probably the best way to get your designs out is to do it yourself,if they are as good as you think they are then you should do fine and then the big guys will come calling on you to buy you out. I never went to companies they came to me after seeing my designs. Royalties were never that great for me,top year was about 2,000.00. I owned a tackle store and made more on them selling them to the public. Hope that helps.
I keep thinking of an old buisness saying-If you don't have enough faith in your idea to put all your time and money into it,why should anybody else?
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