How To Start A Bookshop Business?

Mauritius
November 4, 2008 8:26am CST
Hi friends I want to know the requisition for starting a bookshop? Do you think there's high profit in this business? Thanks for responding.
3 responses
@drannhh (15241)
• United States
5 Nov 08
First you have to love books and read a lot and know what is in them. Most people who own bookshops do not make a lot of money and do it mainly because of their love of books than for the money. It is a good business for retired people who have accumulated a lot of books that they no longer need in the home. The second requirement would be knowing something about accounting and inventory control. A single book may be small and relatively lightweight, but when you have thousands of them, it can be quite a chore keeping track of them, and of their changing value. Most bookstore owners have to deal with a changing inventory. You might buy books that are popular one year and the next year if they are unsold they could be obsolete and worthless, so you would have to think about what kinds of books you want to specialize in and how to move them.
1 person likes this
• Mauritius
5 Nov 08
Well said friend. Thanks for the nice response.
@cutepenguin (6457)
• Canada
4 Nov 08
I don't know that there is a very large chance of profit. I mean, they do seem less risky than restaurants, and your inventory is always worth money, but it can be a lot of work and it can take a while to build up a clientele.
1 person likes this
• Mauritius
5 Nov 08
Thanks for the advice friend.
@KUSHANK55 (2437)
• India
4 Nov 08
where you intend to start? it is most important!!
• Mauritius
4 Nov 08
In my locality itself...there's only one small bookshop....
@KUSHANK55 (2437)
• India
4 Nov 08
go ahead and good luck!!
1 person likes this