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nivekelly,
That all depends on how much you want to spend!
Seriously though, I know some guys who make all their plugs with a belt sander. I personally use both a belt sander ($60-100) and a lathe ($120-300) for most of the work I do. I also already had a dremel for some of the shaping ($100). If you are into wood working you may already have most of the tools. As time goes on, I buy more and more stuff.
The supplies to make plugs like eyes, hooks & swivels can be found at your local tackle shop. I hope that helps you make your decision. Beware, this hobby becomes very addicting!
 

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Bass Holl's hit the nail right on the head...but another way to look at it is: "How much do you spend on off-the-shelf lures a season?" Chances are you'll break even pretty quickly on your tools and that's before you even factor in the fun of making your own stuff...

Jerry Vovcsko
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ROI

Another thing you might want to consider is the possibility of selling a few of your pieces when you get fairly decent at making them. I've been to a few fishing flea markets recently and even the simplest of lures and plugs are selling for between $15 and $25.00!! Not bad for a piece of broomstick, some paint and a dollars worth of hardware huh? That would sure help you recoup your initial investment in quick order. Another consideration is e-bay and other sale/auction sites. Also, something that you might want to look into Kev is an excellent book that BassHoll (THANKS BASS!! :)) recommended to me. I ordered it from amazon.com it's called C. Boyd Pfieffer's Complete Book of Tacklemaking. I was considering an attempt at making a few myself. I'm not sure where I saw it, I thought it might have even been here somewhere, but I seem to remember a picture of a rigged up variable speed electric drill that someone used to turn plugs. If anyone could help me out with that I would appreciate it.
 
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