The Basics of Opening a BookstoreCheck out our start-up guide to learn how to turn your book business dream into a best-seller. Despite the rise of the internet and distractions ranging from smartphones, Kindles and iPads, there is still nothing that has come close to replacing the humble book in the hearts of British consumers. Of course, a large chunk of book sales are accounted for by large chains such as Waterstones or Books Etc. So, if you are going to open up a bookstore, it is important that you find a niche and exploit it fully. Although it's unlikely that you will make millions through a new store, if you set up your business in the right area, offering the right sorts of books in an efficient manner, you could conjure up a decent profit before you can say Harry Potter. Like many businesses, having a knowledge or passion about the industry you are getting involved in is a bonus.
Running an independent bookshop
Starting an independent bookshop
For many book lovers, opening a bookstore seems to be a dream job. Independent booksellers enjoy being part of a community, encouraging the pleasure of reading in adults and helping to make lifelong readers out of children. Of course, as with any business, the realities of opening a bookstore are a lot more complicated than the dream of bookselling. For independent booksellers, opening a bookstore business mostly revolves around selling printed books. Bookselling profits are generally more slender than many other retail businesses. Though many an aspiring bookseller has gotten into the business because of their love of books and reading, love of accounting and finance are great traits for a bookseller to have. In addition to staying abreast of the bestsellers, to stay competitive the independent bookseller needs to keep current with the quickly changing technologies of online ordering, e-reader devices, and e-book downloads, and print-on-demand equipment and capabilities.
So you want to start a used bookstore? Some people see bookstores as a dying business. But if you have the right market and the drive, you can make it work. Here are some tips for starting a used bookstore — of the brick and mortar variety. So you need to find the right market for your products — consider doing some research to see if people in your community are actually interested in buying used books. Then look for a location that has enough space for you to set up shop and ideally one that is in an area with some foot traffic.
How to Start a Used Book Store Online
Show less If you love books, you may have thought of opening your own bookstore. Successfully operating a bookstore takes more than just a love of the written word. To start a bookstore requires knowledge and understanding of business operations, management, and the retail industry. The bookstore sector is a challenging industry with low-profit margins, but with passion and commitment, your bookstore will thrive. There are several ways you can fund your business, like taking out a loan, tapping into your savings, or crowdfunding on websites like Kickstarter.