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If you have collected books for years or simply love reading, the secondhand book business may be for you.
The secret to this business is that you only deal in books with an established track record. Unlike new bookshops, you know which books sell and which ones don't!
With the price of new books rising all the time, customers are flocking to secondhand book outlets.
As a result, market research will be a vital component during the business start-up phase.
The appeal of books, whether they be reference, fiction or non-fiction, is universal. However, it is a very difficult task to be able to just look at a person and predict what he or she likes to read.
What is possible through market research, however, is the gathering of intelligence to understand those market segments more likely to be interested in what you have to offer.
This guide provides information on the equipment and types of merchandise you should offer in your bookstore and how to target your advertising at the most profitable market.
All this and much more is outlined in this guide. It also investigates market potential, what to consider when choosing a business premises and location, what equipment you will need, what to consider when it comes to costs and stock, how to effectively operate your business and the tax and legal issues you should be aware of.
Remember, not only is starting a business a major life-changing decision, it is also a major financial investment. As a result, you will need to make sure you are fully aware of the commitment you are about to make and what is involved.
This guide will help you to arm yourself with the appropriate information. Information that is accurate, up-to-date and applicable to your individual circumstances.
| High net profit before tax | $46,000.00 | | Average net profit before tax | $31,000.00 | | Average startup investment | $21,000.00 | | Minimum startup investment | $15,000.00 |
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