If you enjoy reading books, then you will know how frustrating it can be when you can’t find the book you are looking for. Though there are lots of bookstores available, there is still high demand for these stores.
This is because every bookstore has a unique collection of books, and it is very likely that the books you can’t find in one store may be available in the other. You can earn a good income by opening up a bookstore. Here is a simple guide to start your bookshop business.
The Storefront Setup
You need to rent a space for your store. If you don’t have much capital, then you can use your garage as the storefront. You can also start an online bookstore; that will be the cheapest thing to do. Later you can expand your business and have a physical store as well.
Even if you start an online bookstore, you need a place to store your books. So, you may think of renting a warehouse or storage facility that is free of any dampness which can damage your books.
If you are thinking of having a physical store, then organise your books properly and logically. When you have an online store, try to organise the books in the warehouse so that you can locate them easily and deliver the books to the customers on time.
You should get a permit for your bookstore. Contact your local authority or ask someone running a store to know what permits and papers you need to open a bookstore in the locality. Choose a name for your bookstore and make sure that it’s unique.
You need the name to get the permits and other documents. You can join a bookseller’s association to form a network with other suppliers and know more about the industry.
You can have one too many employees at your bookstore, depending on the size of your shop. You need to hire people who have previous experience in working in a bookstore. This will reduce the complexity of training employees who have never worked in a bookstore before.
You should teach the staff how to organize the books, know the popular authors and books. Motivate your employees to read books as well. They will then be able to suggest to the customers which book to buy.
Customers sometimes suffer from dilemmas when choosing a book, so a knowledgeable staff can help them. Good customer service will set your store apart from that of the competitors.
Before starting your book business, you should try to gain lots of industry knowledge. That way, you can pick the right books for your store and know how to earn more revenue from the book business.