A local bookstore turns over its inventory
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You may decide to focus on a particular genre like fiction, nonfiction, comics, or children’s books or on a type of book, e.g. You can start by visiting other bookstores in the area and observing what they offer, what their prices are, and what their customers are interested in. Buy books directly from the authors at a good discount.Don’t make a big shop, it will cost you more and you won’t be able to save money….Avoid vulgar and violent books but prefer self-help and other useful ones.Do not buy and sell every book, but be selective and have a taste.If you want to start an independent bookstore then here are my suggestions: I ran a bookshop some fifteen years ago and it flopped very badly because I could not decide which books should be kept. You should consider factors such as the demographics of the area, the interests of the community, and the types of books that are popular in the region. You need to identify your target market, the competition in the area, and the demand for books. This is definitely her passion, so if anyone can make it succeed, she can.īefore starting a bookstore business, it is important to conduct market research. But my wife let me follow my dream and supported me (and now I have my dream job), so it would be kind of shitty for me not to support her, especially since everything is falling into place for it right now. And if it fails, oh well, we’re still young enough to recover. Basically if we can make it work to still be able to afford our current living standards, we’re fine (I’m still keeping my job, which is decent paying). So it’s definitely not “Hey lets open a book store and make tons of money”. We’re in our early 30’s and this is my wife’s dream. Everything is possible for those who truly believe in their aspirations and have a genuine passion for reading. If you’re still highly motivated and willing to face challenges, check out the step-by-step guide on how to start your bookstore business. I wish this wasn’t true because I miss the days of the small bookstores where we would talk literature and everyone knew your name and reading preferences. The chains will eat you alive because they can afford to charge less and most people buy ebooks or buy online. I love the dream but it’s highly unlikely that you will survive.
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Some folks will just want to come in and read and never buy. I also worked for a bookstore chain when I was younger and the same things happened there as with my father in his various book shops along the east coast: people steal books (the women with baby carriages were always the worst), customers are often rough with the books so they will get dirty, dogeared and dust jackets will be torn – especially when they let their kids loose in the store. After losing about $5,000/year for 15 years the property went up about $500,000 because of new apartment complexes popping up all around them. The only way they came out ahead was property value. My friends owned a book store for 15 years and the only advice they ever gave me was “dont open a book store”. Here are a few comments from Reddit to get you down to earth. And, unfortunately, not all bookstore businesses manage to thrive and even survive. It can be hard to anticipate all the obstacles that may arise along the way. In this blog post, we will delve into the important aspects of starting a bookstore business and provide you with insights and tips on how to make it a thriving and profitable venture.Īs we’ve already mentioned, launching a bookstore business is an incredibly daunting task. It requires careful planning, research, and execution to make it a success. However, starting a bookstore business is no easy feat. It can offer a sense of fulfillment and satisfaction to see people come in and leave with a book in hand. For many avid readers, the thought of owning and running their own bookstore is a dream come true. Opening a book is like opening a door to a whole new world.