Learning your profit margins:
One of the many ways to stay in the positive margins for Live Bait Vending is to know your numbers. Not just the numbers of crawlers or worms in a cup. Rather, you must know the profit margins of the entire product.
I personally use an App I found on iTunes App Store some time ago. This app has helped me to stay on track with quickly knowing my profit margins and how to price products according.
Profit Story is an app that can be a real shaker when you start to figure the products (live bait and fishing tackle) price points and margins. Manually figuring the sales tax price and commissions you will be paying out, might not leave room for your business bottom line. I would encourage you to explore this as an option to your Live Bait Vending business. If you are not an iPhone user. Look through the Google Store for an app dealing with profit margin calculators. You won't regret it!
App: Profit Story
Link to iTunes Store: Profit Story by VooZu Promotions LLC