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Start a Business Selling Books
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Love reading and everything to do with books? Why not sell
them for a living?
You can create a special website for a
particular type of book (ex. romance, science fiction, books
about birds, etc).
And become a "go to" website for people with
an interest in those kinds of books.
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You can also create one
giant bookstore with every book under the sun - but realize
you'll be competing with the likes of sites like Amazon and
Barnes & Noble...and who wants to compete with those big guys?
Book Business
What you will be doing. Selling books is a lucrative
business. You can sell books through the mail or on the
Internet. The more obscure the title, the more it is worth.
Book sellers can generalize their business and sell a bit of
everything or they can niche into a specific area of the
book business.
If book dealers want to specialize, they can try used books,
children’s books, collectible books, and etcetera. You can
keep inventory on hand or work with book wholesalers.
Wholesalers may be willing to ship to your clients at
nominal or no extra fee.
Once you get established in your business, expansion will
increase profits. The buying and selling of textbooks is an
excellent niche market to move into. Textbooks, both new and
used, can be supplied to colleges. An internet store can be
used for large orders that a wholesaler can handle for you.
How to start. Decide which area you want to niche
into. Do your homework. Simple research will tell which book
titles or genres are popular at this time. Books that are in
high demand will sell faster and bring you healthier
profits.
Choose an area of the book business that will make you stand
out from the rest. Carry paperback and hardcover copies of
the most popular titles. Purchase books that are in good
condition with few defects if you are looking to get into
the used book business.
Start up costs. Depending on the type of books you
want to sell, your start up costs could be a $300 to $1,000.
This would include advertising costs as well. You will need
to purchase a starting inventory if you plan to sell by mail
and the Internet. You could get a price break on bulk
orders.
On the Internet, a book selling website is needed. There
will be a yearly cost for web hosting and a domain name. By
mail, boxes and other shipping supplies kept on hand, make
it easier to ship from your home without hassle. These items
are a part of the start up costs as well. If you already
have a computer, high speed Internet access would be helpful
for Internet orders. A telephone, fax machine,
printer/copier, and filing cabinet are also needed.
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Skills needed. A book business owner needs to love
books.
They should also be computer literate to be able to
create spreadsheet invoices to include with shipments, be
able to manage a website, and be detail oriented and
organized.
Marketing. Use key words in the name of your book
business that will bring Internet traffic to your website to
find your books.
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The name should be catchy and easy for
people to pronounce. It should say something about your
business but not be too common.
Locally, advertise in newspapers, church newsletters, and
book oriented magazines. Choosing to niche into “how-to” or
advice books gives you the option of advertising in trade
magazines and on other websites. If there is a flea market
nearby, rent some space and sell any inventory that you have
there once a month. Give out business cards to those who are
interested in doing business with you in the future.
A book business is a business idea that can be run entirely
in your home if you wish. The first money from your business
can be seen in six short weeks depending on how long it
takes to set up your niche business. There is always room
for expansion with books.
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