The best kind of bait shop to open is the kind that becomes a hangout of sorts for the local fishermen. Small towns where everyone knows everybody else are the perfect place for this kind of shop. It provides a place for the fishermen to start their day and end it as well.
Local fishermen will count on your tackle shop to provide them with minnows, earthworms, maggots and other live bait. They may also look for artificial bait. A selection of quality tackle will be important as well.
You will need rods, reels, fishing line, floats, lures and sinkers. Be sure that the fishermen in your area can get a fishing license from you, as well as boat registrations and hunting licenses. You may also want to get certified to be a hunting check station. Catering to the local fishing hunting enthusiasts will increase revenue.
Variety will be the one key factor that determines the success of your bait and tackle shop. Change is good. Rotate your stock and change your displays according to what season or time of year it is.
Also, keep in mind that you cannot open your bait and tackle store at 10AM and close it at 4PM and expect to make any money. It just will not happen. You must be willing to open before dawn and close long after dark if you want to make a profit and provide the type of service that will make your shop the place to be for the local fishermen.
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