Online tackle store for local waters

Anglers across Canada who want specialist gear, tackle kits and trustworthy advice rather than a huge generic catalogue.

Retail margin on products and bundled kits, with shipping charged or built into prices. Seasonal peaks in spring and early winter.

• Good knowledge of one type of fishing
• Basic online shop setup and photos
• Packing and order management

• Collect GST/HST once you pass the small supplier threshold, and check provincial sales tax rules for online sales
• Some bait, lead sinkers or hunting items may have restrictions by province or for shipping, so check before listing
• Shipping costs for bulky items and returns can cut into margins
• Product liability and commercial general liability insurance
• Check if your municipality requires a home-based business licence

Startup costs are typically estimated at around $2,000 to $15,000, depending on how much stock you buy, whether suppliers ship for you and how you set up your online shop. Treat this as an estimate and price your own range carefully.

Monthly revenue is typically estimated at around $500 to $5,000, depending on your range, your pricing and how well you reach anglers. Shipping costs for bulky items and returns can cut into your margins, so factor them in.

Check when to collect GST/HST once you pass the small supplier threshold, and provincial sales tax rules for online sales. Also check restrictions on bait, lead sinkers or hunting items, insurance needs, and whether your municipality requires a home-based business licence.