How to open a used book store

Author: Florence Bailey
Date Of Creation: 25 March 2021
Update Date: 1 July 2024
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How to Open a Used Book Store: A Legit $10,000 Per Month Side Income Business? 🔥👍
Video: How to Open a Used Book Store: A Legit $10,000 Per Month Side Income Business? 🔥👍

Content

E-book, iPad and Kindle users say that printed books are extinct. Indeed, you have the ability to carry your entire library with you wherever you go. So who needs a hardcover book now? However, there is something about holding a book, smelling it, looking at your library on the bookshelves. None of this can be replaced with an electronic copy of your favorite book. This is why you may have decided to start a used book store. But before you start, you will need to make some important decisions.

Steps

Method 1 of 2: Offline or Online Store?

  1. 1 Decide what type of store you want to open.
    • A non-chain store is a physical store where potential customers can come and select an item. This is a great option if you want to connect with like-minded people. There will certainly be some other costs involved, but it might be worth it.
    • In traditional bookstores, maintenance costs must be included in the mark-up on the books sold. The biggest problem is that you need to determine the initial cost of the books. You also need to think about the time you need to spend looking for books.
    • Online shopping does not involve your physical presence. The cost of this type of store is less than that of a brick-and-mortar store. Online stores offer books through catalogs posted on the site of the online store.
  2. 2 Consider connecting with other bibliophiles. You can find them at book fairs. Obtain a brochure at book fairs with timetables and locations for other book fairs. Try to create an advertising stand if one of the fairs is being held in your area. This will help educate your potential customers about your online store. You can also make sales through the Ebay auction and the largest bookstore chains - Amazon and Barnes & Noble Booksellers.
  3. 3 Know that you made the right choice. An online store is one of the easiest types of store to start trading. An online store can be the start for the brick and mortar store you've long dreamed of once you build a solid customer base.

Method 2 of 2: All About Books

  1. 1 Complete your store. A bookstore is just a building with a brand name if there are no books in it.
    • Books can be purchased at various locations. How you search for books will affect your store's occupancy, although some books will "come" to you from people who hear that you are buying books for your store.
  2. 2 Become a book scout. The bookseller's success depends on his scouting skills. A book scout is a person who searches for books that are available for sale. These searches can lead the scout to sales, auctions, thrift stores, friends' libraries, and other places where books can be purchased.
  3. 3 Remember that purchasing books without proper quality and condition assessment will leave you with a bunch of scrap paper on your hands. You have to learn the craft of a bookseller.
    • Learning a craft begins with a vast knowledge of books. In addition to this, you must know the terminology, be familiar with book printing, and know what makes certain books unusual, rare, or popular. Without these skills, you can sell a book worth thousands of rubles for several hundred rubles. You can also mistake an ordinary book for a very rare copy.
    • Attend seminars at book fairs. Be sure to do your research by reading articles in book magazines and online book buying, selling, and collecting sites. The personal library you create can be one of the most expensive assets.
  4. 4 Define your goals. At first, running a bookstore can seem like a daunting task. Study, buy inventory and books, make a good business plan, and over time, you can be successful in this business.
  5. 5 Create business cards and flyers to highlight your business. Provide business cards and flyers to as many people as possible.

Tips

  • The first edition of The Hunt for Red October by Tom Clancy is in excellent condition and costs 14,000 rubles in the original cover. However, if you do not know the difference between the first edition from Naval Press and the edition from Naval Book Club, which costs 350 rubles, you can overpay for the book and never sell it in the future.