Payday Installment Loans Near Me in Rialto, California
Fast Online Approval Money & Cash Advance Lenders (offline stores)

---

"Specialty Bookstore Business": How to Get Started

---

The bookstore industry is on a decline. That's a fact we can't ignore, with the popularity of e-books and online retailers growing rapidly to become the primary player in the industry. However, while big retailers struggle, independent bookstores, especially those providing specialty or niche kinds of books, are surprisingly on the rise.

The small bookstore industry is surprisingly growing by 7.5 % from 2014 to 2015, while the number of new bookstores opened increase by 27 percent in the past 5 years. What cause this phenomenon? The answer is that bookstores, like social media, is a community platform. You went to your favorite bookstores to get a recommendation for the new books you might like. You're hoping to meet like-minded people with the same interest. This creates a successful business model in niche bookstores such as art book store, comic book store, and many other specialties.

---

Think to start your own successful bookstore?
Here are a few things to help get you started.

---

1. Startup Investment
Your first and foremost investment will go to your property, whether you buy or lease it. The rent cost will vary depending on your location, and location plays a big part in your success in this industry. Other expenses you might consider are book shelves, POS machines, anti-theft RFID, etc. You can start with roughly $50,000.

2. Licenses and Permits
You will need a business license, as well as other licenses depending on your locations. Consult your local authority, as required permits or licenses may vary.

3. Find your Niche
Art, design,and architectural books are especially successful because in general, it's better in print form. Comic books are also exceptional for its community-based edifice. Find a niche that is suitable for your location. For example, if you live in an area with a lot of farming business, doing a farming and agricultural books specialty is a great idea. Same thing applies for fishing, diving, and many others.

4. Pair Up your Business
Many businesses go well with a bookstore, why not open in yourself? A coffee shop is an obvious example. For a comic book store, also selling video games, board games, and action figures is a common practice. Same thing applies for above example, you can sell farming equipment in your farming bookstore.

5. Marketing
Social media and bookstore is a great pair. Use it to announce new arrivals, new best sellers, etc. Arrange author's meet and greet in your bookstore. Visual merchandising, a.k.a. how you display your books, will also play a great part to drive sales.

Earning Potential

Average paperback books sell for around $14. Meaning if you can sell 300 books a month, or 10 per day, you can make $4200 in earning monthly, or $50,400. 10 sales a day is absolutely manageable, wasn't it? Top independent bookstores can sell dozens if not a hundred a day, earning hundreds of thousands annually. On average, a bookstore can make $80,000-$120,000 annually.

Of course, you will need to calculate costs such as labor cost and the initial cost of books itself. Negotiating for a good deal from publishers and book distributors will also be a necessary step to maintain a healthy profitability.