IceShanty.com's Ice Fishing Community
IceShanty Main => General Ice Fishing Chit Chat => Topic started by: splaker on Jan 12, 2019, 11:32 AM
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Just curious how many people make money off of fishing. If so what do you do? Rod building, making lures, guiding, rentals etc.
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I work in Cabelas fishing department if that counts @)
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how many people make money off of fishing on here.
Pretty sure you cant make money "on here" unless your a sponsor.... ;)
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there is a commercial fishing market here. would be hard to show a real profit after expenses though.
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Im not referring to making money off the back of the ice shanty website. Im simply asking if any people make money off of their hobby. Sorry for the confusion.
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Pretty sure you cant make money "on here" unless your a sponsor.... ;)
I'm guessing that the curiosity is how many that do something fishing related outside of here for gain.
Over the years I've sold bucktails and leaders for musky fishing, hundreds of tipup rigs, open water jigs, cleaned/repaired reels and rods, repacked tipups, worked retail in a tackle shop for a dozen years and dabbled in tournament fishing. Ain't standin' the world on it's ear doing tourneys but I'm $$ ahead ;)2.
None of this was making me a living, all done outside of a "real job". I think that applies to lots of folks.
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Sorry no problem.
I have made a few hundred dollars fishing bass tournaments every summer..
One summer i made 3grand...
Dont do it as much anymore.. :-\
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I saw a documentary in which the interviewed anglers told that they making money fishing for Northern Pikeminnow in the lower Columbia River. Some even make a living of it. It a program to save salmon juveniles that pays up to $8 per fish. If someone finds that interesting - read the info on pikeminnow.org and search for online documentaries about restoring the population of salmon in Oregon.
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I saw something on that, some people actually made quite a bit of money doing that.
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I buy,sell,trade fishing gear all year long.also sell sinkers,steelhead jigs and bass plastics.along with penn and abu garcia reel repair.
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Spent two years guiding in alaska. The saying do what you love and never work a day in your life is only true to a point then it becomes work again!
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Spent two years guiding in alaska. The saying do what you love and never work a day in your life is only true to a point then it becomes work again!
Guiding is a LOT of work... Had a license for a coupla years and took overflow from the shop. I liked it until you get the problem client. Still a lot of work and it does kinda take the fun out of it.
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Worked in fishing retail for about 15 years and fished walleye tournaments for about 25. We had good sponsors for the tournaments so almost all of our expenses were covered so made a few bucks there. When underwater cameras first came out I was working in fishing retail and many customers would complain about not being able to keep the camera lined up on their lure. I made a simple T bracket with a clamp on it and sold quite a few just the first winter. The next year there were a couple of plastic models that came out so my T bracket was short lived.
I spent but also saved a ton of money when I was working fishing retail. We got a descent discount on product but the big saving was every year there were "staff sales" and we got huge discounts when we ordered directly from the manufacturers. This happened only once a year but we picked from 3-5 manufacturers every year. This product was for personal use only and it was made pretty clear that if anyone was caught selling "staff sale" product for profit the staff sales would end. I managed to upgrade all my fishing gear rods, reels, trolling motor, sonar, tackle, clothing, tackle boxes, lures, so that definitely saved me a pile of money.
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The thing is when a hobby becomes a job its just not fun anymore.. :-\ JMO.
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Just curious as I have more free time on my hands as I get older. Don't want to make anything into a full time job as
I already have one of those. Looking to have a little fun maybe learn something new and Maybe even offset some costs. Thought about a job in a fishing shop but my schedule wouldn't be good for that. Was thinking maybe rod building or perhaps getting into bait production.
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I have always wanted to open a bait and tackle shop but have someone else work it lol I like fishing to much.
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I make baits mostly balsa crank bait and a few rattle spoons also I make leather walleye billfolds
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Im retired now, but back when I took a vacation day to fish, I figured I was getting paid to fish.
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Taught fly tying and fishing classes at a university for a few yrs and even taught inmates at a state prison. tied for fly shops in the area for many years and sold a ton of flies to guys fishing my property. Even had my own website selling flies and tied for several saltwater and Alaska lodges. Got tough as the 2000’s approached, China would sell them to the shops dirt cheap and the shops wanted me to lower my prices. So they went with China and when the bins got low my phone started to ring before a big weekend to restock and I just let it ring or tell them to call China.Got a real 9-5 job and now only tie flies for friends and family. Do miss getting hooks by the 1000 ct and materials at cost
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I use to sell shad darts and egg sinkers I made.my dad use to tie flies for a living he did it for 40 plus years. He passed 8yrs ago and I have everything , just not enough time and patience to start making flies again.
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Wait! You can make money off of fishing? Please don't tell my wife!
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I have always wanted to open a bait and tackle shop but have someone else work it lol I like fishing to much.
Lotsa, lotsa, lotsa work and time. Almost impossible to make a go unless you do the bulk of the hours. Seven days a week, weekends, holidays, can't be open too early or too late. It's a ba11 buster and no one is gettin' rich doin' it.
Support your local Mom n Pop shop! :thumbsup:
Wait! You can make money off of fishing? Please don't tell my wife!
Not that much and if it's a side job she'll just finds ways to spend it before you do. ::)
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Not that much and if it's a side job she'll just finds ways to spend it before you do. ::)
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I think she already has :o
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I think I have lost money, but gets me out of the house and makes me move
so it might help my health so then maybe I am breaking even
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I try and buy my fishing gear on sale..........that’s kinda like making money ;)
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also I make leather walleye billfolds
Leather walleye billfolds? Sounds pretty neat!
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Guiding is a LOT of work... Had a license for a coupla years and took overflow from the shop. I liked it until you get the problem client. Still a lot of work and it does kinda take the fun out of it.
Pretty much the same with me. I had a full time job but my summers it consisted on working on special projects, assessment reports, etc. Three months of work I could cram into a long weekend so I hung the shingle and started guiding thinking it would be a way to make some money doing something I loved to do.
First year was fine, 2nd year wore on me a bit, the third year burned me out. It wasn't so much working with clients on their day as much as it was needing to be on the water any chance I got staying on top of patterns. I reached a point where I simply despised being on the water because my hobby turned into a job and felt like a job.
Plus...I'm an "outside the box" thinker when it comes to muskie fishing. The box I'm thinking outside of resides half a dozen time zones away...always trying to look for a unique edge or undiscovered territory in regards to a tactic. 98% of the time you swing and miss but the other 2% of the time you strike gold. This limited what I did with clients to real basic stuff and to me taking a "monkey see, monkey do" approach is boring.
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The way I make money off ice fishing is I fill my freezer with a fish supply that usually lasts from ice season to ice season and the money I would have to spend to buy fish stays in the checking acct.
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The way I make money off ice fishing is I fill my freezer with a fish supply that usually lasts from ice season to ice season and the money I would have to spend to buy fish stays in the checking acct.
Child please. So you don't have any possession limit on the fish you catch? Your equipment doesn't cost anything, your bait, your vehicle to get there, your gas, c'mon man!
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I have made quite a bit of money fishing in tournaments. A lot of my techniques and tricks I have learned from this web site.
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Child please. So you don't have any possession limit on the fish you catch? Your equipment doesn't cost anything, your bait, your vehicle to get there, your gas, c'mon man!
No storage limit once they're at your permanent residence in North Dakota but anyone who thinks feeding their family by fishing is cheaper than buying food needs to get out the calculator
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Im retired now, but back when I took a vacation day to fish, I figured I was getting paid to fish.
I also get paid to fish. I also save money when I'm fishing I'm not spending money anywhere else.
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I tie ice flies and open water hair jigs and sell them in my online retail store. I also started making rods this past year but I'm still pretty green at it.
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I own a construction company and I have taken a few rich builders fishing to help secure their business,some turned into very lucrative and longterm relationships,many wealthy guys dont have time to learn how to fish because they are too busy.I have also spent alot of time and money at bars,strip clubs,golfing with clients,building relationships which leads to work.drinking,hunting,fishing,golfing,these skills have helped me make money and build great business relationships.I used to tie flies and sell at some local stores but probably lost money on it.
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I have been a fishing guide (both fresh and salt), Outdoor Writer (free lance and column), worked in tackle shops, marinas, Rep work around the country flying in to Bass Pro and Cabela, Loading anglers GPSs with my fishing waypoins (called "Custom Points"), running day long Mini Coach tours showing anglers where to fish (Called "Discovery Trips"), seminars, collage classes and more, all for over 25 years. At time I have made good money, at others just a "Side Gig". None of it I could have done with out the support of my wife, who would often carry the insurence (but I payed cash from guiding money getting her through nursing school) so that I did not have to have a "regular job. I have loved most every minute of it and it has always felt like a job ( very rare for me to fish when guiding), it has been a job I love.
Early on I desided not to guide ice fishing, I always wanted to make sure that there was one type of fishing I could invite anybody to go with me, but not feel like I should charge for it...
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I'm a guide for Sturgeon and Catfish. Also make a few bucks doing YouTube fishing videos.
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Child please. So you don't have any possession limit on the fish you catch? Your equipment doesn't cost anything, your bait, your vehicle to get there, your gas, c'mon man!
In NY no possession limit once in the freezer, 50 perch per day, can catch a lot of fish in a season. As for equipment most of my stuff was purchased years ago and deprecation has run out and I live only 3 miles from the lake. Bait is perch eyes and only a few mousees to get started in the beginning of the season. Never said I feed my family by fishing, but I due avoid the Fri-nite fish fry expense, which is money in my pocket.
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Make a bit of money fishing local tournaments throughout the year..nothing major. Tie and sell flies also to a few people. Have been offered money to guide on the ice this year by a few different groups of people but having a new baby and full time night shift job its hard to find time to fish myself let alone guide
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Not even close. For me it is a place to (happily) spend money, but I did like some of these comments:
Im retired now, but back when I took a vacation day to fish, I figured I was getting paid to fish.
I'm not retired yet, I get 5 weeks of vacation and 2 weeks of holiday per year, and I like to fish weekdays. If you ignore the sunk costs like shelters, boat, snowmobiles, snowmobile trailer, etc, then I might come out ahead. Kind-of like a Net Present Value take.
I think I have lost money, but gets me out of the house and makes me move so it might help my health so then maybe I am breaking even
Oh, man. This is a strong one. What price to put on your well being? Fishing keeps me sane.
The way I make money off ice fishing is I fill my freezer with a fish supply that usually lasts from ice season to ice season and the money I would have to spend to buy fish stays in the checking acct.
Hm. Organic, wild fish. How much at the market? I saw this smoked salmon recently at 14.99 a pound and I started to think of all the smoked fish I produce every year. Of course then there is the cost of the smoker, etc. Again, in a NPV view, I might pay expenses with this one, and if you combine that with the vacation pay idea, hmm.
(http://stevelarsen.com/ice_shanty/smoked_salmon4.jpg)
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Old man used to annoy Mom something fierce when she'd come home crowing about how much money she'd saved shopping the sales. "Show me the money", he'd say. Then she'd get all huffy and he'd splash on the kerosene, "Better go back and buy some more. Think how much you'll save!. Didja save $50? Go right back and do it again and you'll save $100. Go back often enough and we can retire..." Oh man did she get mad. :roflmao:
Not pickin' on any of you guys, just sharing something funny from the past.
Here's something else: Everyday spent fishing is a day added on to your life. My plan is to live forever = "Priceless".
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Hell no!!!! The tax man will have your rear for making money off sporting goods
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Hell no!!!! The tax man will have your rear for making money off sporting goods
You're absolutely right.
Anybody manufacturing and selling fishing tackle (jigs, sinkers, Etc)needs to have an EIN with the IRS and pay quarterly federal excise taxes on their gross sales of 10%.
If you're not paying this tax and they catch you you have to pay it and the fines.
There is no hobby level so if you make and sell 1 jig or 1 million jigs 1 sinker for 1 million sinkers you must pay the tax man.
There's a different rate for those who manufacture fishing rods and another rate for those who manufacturer tackle boxes.
It's ridiculous how this is all set up but there's no getting around it. Heck there's even been kids that have been fined for making and selling soft plastics as a summer project.
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I make and sell custom saltwater fishing jigs, sinkers, custom surf cast sinkers Etc.
It's more of a hobby business as I have a full-time job and I really don't make money selling the jigs and sinkers.
Especially after paying the tax man his 10% every quater and the overall cost of doing business nowadays.
But what it has done its allowed me to expand the amount of fishing tackle I can make.
I now have over 130 molds in my shop for different fishing tackle items two different wire formers and a host of other equipment for making fishing tackle.
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I design houses for a living and ice shacks as a hobby. Did up some construction plans/material cut list for my shack and have sold enough sets to pay for my time and then some, every set I sell now is just gravy!!
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You guys that are manufacturing baits/sinkers/lures and NOT wholesaling, you're overpaying at 10%. PM me if you haven't heard of the "60% rule" with excise taxes.
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You guys that are manufacturing baits/sinkers/lures and NOT wholesaling, you're overpaying at 10%. PM me if you haven't heard of the "60% rule" with excise taxes.
This is the first I've heard of this 60% rule.
I'm on a bunch of tackle making forums and a lot of guys over there sell what they make and I've never heard of this 60% rule.
When I use form 720 there is no 60% rule on there it's 10% of gross sales.
I will have to have to pm you.
I sure hope you have links to actual IRS documentation. I'm also going to have to verify everything you say with my sister who happens to be a CPA or another knowledgeable person in the field.
Because the IRS is definitely somebody you don't want to mess with!
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You guys that are manufacturing baits/sinkers/lures and NOT wholesaling, you're overpaying at 10%. PM me if you haven't heard of the "60% rule" with excise taxes.
I just read the latest version of publication 510(March 2018 version)
And it still states 10%(see pages 30 & 31).
I tried googling this 60% rule but come up empty handed.
I sell direct to the consumer so can't see how I'm getting out of paying the full 10%?
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I just read the latest version of publication 510(March 2018 version)
And it still states 10%(see pages 30 & 31).
I tried googling this 60% rule but come up empty handed.
I sell direct to the consumer so can't see how I'm getting out of paying the full 10%?
Are you able to deduct your materials? I sell hay directly to my customers, after expenses I break even or in the hole and have a credit for the next year. When looking for a CPA, ask the person what 2 plus 2 is. If they say 4 you don't want them. If they say 3 you don't want them. The one that replies "what do you want it to be?", that's the one you want ;D
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I've been a taxidermist for the past 35 years. I've specialized in fish for probably the last 15. I have enough trouble keeping up with fish so sure don't need other work on top of that. And I like the fish the best.
Not fishing related directly, although harvest is mostly by hook and line, I also hatch and raise live trophy size brook, brown, and tiger trout, bluegill, yellow perch, and soon to be hybrid crappie, largemouth bass, rainbow trout and cutthroats, to sell shipped whole frozen to taxidermists from coast to coast. Three recirculating tanks in the basement and four ponds on the property. I guess I'm using my 2 year fisheries degree I got from ACC in Alpena,Michigan way back in the 76' to 78.' Best college I ever attended even though I transferred to a 4 year college. 4 year college was a joke compared to ACC. Small classes, full professors teaching instead of students, and best of all not as expensive. And did you know the number priority at university is not education. It's getting published to keep their jobs! Not so at junior colleges that get a bat rap.
OK senior citizen rant over!
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A couple of years ago I was offered the chance to teach a course in recreational fishing at a local
university, but after 41 years in the classroom, I decided to go fish instead. I do a fair amount of
volunteer work with the local DNR on getting kids interested in fishing.
fish on,
rivereddy
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Are you able to deduct your materials? I sell hay directly to my customers, after expenses I break even or in the hole and have a credit for the next year. When looking for a CPA, ask the person what 2 plus 2 is. If they say 4 you don't want them. If they say 3 you don't want them. The one that replies "what do you want it to be?", that's the one you want ;D
On your annual taxes yes that is deducted.
But for the quarterly excise taxes nothing is deducted.
It's just a percentage of gross sales.
I loose money every year selling jigs.
But it's because I keep buying new molds, a new wire former etc. etc. Just so I can expand what I can make.
More for myself than the business though.lol
But like I said it's just a hobby business for me. I have had the opportunity to expand and get in magazines etc. But its an iffy deal to quit my job and make tackle full time. Just can't guarantee I'll be able to pay the mortgage every month especially in the off season.