If you personally think that you will take and implement a wrong decision just by establishing a bookshop business the, you are very wrong about it. Everyday and every hour, people purchase books in large quantities books on daily basis. Everyday, books are written on every topic and in all aspects of life. Students all over the world must always buys relevant books for their studies. Scholars use books for their research and learning purposes as well. Career professionals like doctors, lawyers, accountants and business managers always buy books for further learning and broadening of their knowledge in their respective fields. Even private individuals always buy educational books, novels, inspirational books, motivational write ups, health guides and many other categories of books that specifically interests and attracts their attention.
Literacy is so much increased to a great extent through the reading of books. And believe me when I tell you that an increase in the general literacy level among the citizens and inhabitants of a given country is also a more than proportional positive growth and development in the national economy as well as in other sectors of the country. That is the simple reason why the availability of books in the world can never be cut short. That is why starting a bookshop business is a very profitable investment ideas which will yield massive financial returns for you sooner than you can ever imagine it. To start a bookshop successfully, you need to go beyond the level of making just the decision to also developing an immense passion for the business. Most importantly, you must get yourself duly acquainted with all the intricacies as well as possess the necessary knowledge relevant for managing the business for big and endless profits on the long run.
Firstly, you have to take a decision as to the type of bookseller you will like to be. You can choose to sell all categories of books or specific types like the educational, inspirational, motivational, story, health, prayer related books and other sorts of books. Also, you have to decide whether to sell only the new books or the fairly-used books or combine both of them together in your store. For your new books, you can directly source them from their domestic publishers or import them. But for the used books, feel free to get your old books which you don not have any need for again, gather more from your neighbours, friends and the public so that you can have a big collection of these books in your store.
Alternatively, you can choose to import the fairly-used books from overseas locations like the United States of America (USA), Canada or even the United Kingdom (UK) at very cheap prices or even for free and resale them in your bookshop for full double and triple profits. If you import your books from the USA, you will never be required to pay import duties on them by the tax authorities because Value Added Taxes (VATs) are not placed on them. You just have to ensure that the books are included on the Customs form by your supplier giving a clear indication of the parcel contents so as to avoid delays and unnecessary seizure of your goods as they enter into the Nigerian border.
It is also as easy as reciting the English alphabets when you choose to import your books from the United Kingdom and British Isles. You will also not be charged import duties on your goods. If you are import a stock of books worth N596,036.63 for instance from the United Kingdom, you will be charged a standard fee in the region of N32,010 together with an insurance policy of N5,500. This brings the total cost of importation to N633,546.63 and this is all you will be charged because you will never pay the VAT or import duties on your goods. You can realize over one million naira (N1,000,000) from the sale of those books to the Nigerian market in a space of few days and that will give you a rounded up 37% estimated profit of N360,000. Is that not a big money in just one trip? Assuming you make around 4 trips and clear them up as soon as the orders arrive safely in a month, you can calculate the profits mega for yourself.
Now let me come to the area of decision making and financial inputs as it relates to the starting up of this business on a large scale basis. Definitely, you need a substantial amount of money before you can establish it ans there are many source through which you can raise this money to actualize your business plans. Plough back your past saving, get some money from your family members, borrow money from your friends, and take loans with or without collateral from other lending financial institutions like banks. You may spend a lot of money, time and efforts to start up this business but your big profits are assured once your stock arrives.
After placing your orders, rent a spacious store for your bookshop business in very busy, well-populated and strategic locations like the roadsides in the cities and towns, streets and junctions where there are lots of pedestrians and passers-by, general book markets, primary secondary and tertiary educational institutions, government offices, hospitals and in many other good places. You can even take your books occasionally to event and ceremony venues and market them there for bigger profits. As soon as you find a suitable place, pay your rents and furnish your bookstore with counters, bookshelves and other relevant items and facilities that will always make it look organized and attractive to the eyes of your customers. You can also divide your store into sections and compartments so that customers can easily find whatever books they are looking for without too much stress.
A highly organized structure is needed to effectively and efficiently manage your bookstore for optimum returns. Index your bookstore properly by classifying and arranging the books according to the various categories obtainable. Also put up a window display or an outdoor shelf so that people can see samples of what you have and rush in to browse through their favourite books and possibly buy them from your store at affordable and profitable prices.
Always advertise and promote your bookshop in order to generate more sale and bigger volumes of profits. Write business proposals to schools and libraries to supply your books to them and they can always give you big contracts from time to time. Go round the schools and inform students to come and buy high quality books from your store at good prices and they will surely come. Grant them trade and price discounts for them to be happy shopping from your store always. Design an eye-catching banner or signpost for your business and strategically place it beside your shop and in many other good spots so as to attract customers and massive patronage. Use other effective advertising channels like television and radio advert, newspaper and magazine advertisement to create more awareness for your business in order to make more money.
Also, you can register your bookstore as time goes on to give it a corporate shape. Establish other branches and shops as soon as you get enough money to do so. Enlarge your customer base and market reach and make a lot of money managing your bookstores profitably.
Use the comment box below to drop your views, reactions, observations and questions on this article and I will give you the requires attention and assistance too.
For more business ideas, read them all for free on this blog by browsing through our article archives and categories. Get more fresh information on profitable business models as soon as I publish them here. That is why you should keep on reading this blog every minute, every day and at all times so that you do not miss out. Cheers as you broaden your knowledge for success!
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Literacy is so much increased to a great extent through the reading of books. And believe me when I tell you that an increase in the general literacy level among the citizens and inhabitants of a given country is also a more than proportional positive growth and development in the national economy as well as in other sectors of the country. That is the simple reason why the availability of books in the world can never be cut short. That is why starting a bookshop business is a very profitable investment ideas which will yield massive financial returns for you sooner than you can ever imagine it. To start a bookshop successfully, you need to go beyond the level of making just the decision to also developing an immense passion for the business. Most importantly, you must get yourself duly acquainted with all the intricacies as well as possess the necessary knowledge relevant for managing the business for big and endless profits on the long run.
[Post Image Courtesy of DDPavumba at FreeDigitalPhotos.net]
Firstly, you have to take a decision as to the type of bookseller you will like to be. You can choose to sell all categories of books or specific types like the educational, inspirational, motivational, story, health, prayer related books and other sorts of books. Also, you have to decide whether to sell only the new books or the fairly-used books or combine both of them together in your store. For your new books, you can directly source them from their domestic publishers or import them. But for the used books, feel free to get your old books which you don not have any need for again, gather more from your neighbours, friends and the public so that you can have a big collection of these books in your store.
Alternatively, you can choose to import the fairly-used books from overseas locations like the United States of America (USA), Canada or even the United Kingdom (UK) at very cheap prices or even for free and resale them in your bookshop for full double and triple profits. If you import your books from the USA, you will never be required to pay import duties on them by the tax authorities because Value Added Taxes (VATs) are not placed on them. You just have to ensure that the books are included on the Customs form by your supplier giving a clear indication of the parcel contents so as to avoid delays and unnecessary seizure of your goods as they enter into the Nigerian border.
It is also as easy as reciting the English alphabets when you choose to import your books from the United Kingdom and British Isles. You will also not be charged import duties on your goods. If you are import a stock of books worth N596,036.63 for instance from the United Kingdom, you will be charged a standard fee in the region of N32,010 together with an insurance policy of N5,500. This brings the total cost of importation to N633,546.63 and this is all you will be charged because you will never pay the VAT or import duties on your goods. You can realize over one million naira (N1,000,000) from the sale of those books to the Nigerian market in a space of few days and that will give you a rounded up 37% estimated profit of N360,000. Is that not a big money in just one trip? Assuming you make around 4 trips and clear them up as soon as the orders arrive safely in a month, you can calculate the profits mega for yourself.
Now let me come to the area of decision making and financial inputs as it relates to the starting up of this business on a large scale basis. Definitely, you need a substantial amount of money before you can establish it ans there are many source through which you can raise this money to actualize your business plans. Plough back your past saving, get some money from your family members, borrow money from your friends, and take loans with or without collateral from other lending financial institutions like banks. You may spend a lot of money, time and efforts to start up this business but your big profits are assured once your stock arrives.
After placing your orders, rent a spacious store for your bookshop business in very busy, well-populated and strategic locations like the roadsides in the cities and towns, streets and junctions where there are lots of pedestrians and passers-by, general book markets, primary secondary and tertiary educational institutions, government offices, hospitals and in many other good places. You can even take your books occasionally to event and ceremony venues and market them there for bigger profits. As soon as you find a suitable place, pay your rents and furnish your bookstore with counters, bookshelves and other relevant items and facilities that will always make it look organized and attractive to the eyes of your customers. You can also divide your store into sections and compartments so that customers can easily find whatever books they are looking for without too much stress.
A highly organized structure is needed to effectively and efficiently manage your bookstore for optimum returns. Index your bookstore properly by classifying and arranging the books according to the various categories obtainable. Also put up a window display or an outdoor shelf so that people can see samples of what you have and rush in to browse through their favourite books and possibly buy them from your store at affordable and profitable prices.
Always advertise and promote your bookshop in order to generate more sale and bigger volumes of profits. Write business proposals to schools and libraries to supply your books to them and they can always give you big contracts from time to time. Go round the schools and inform students to come and buy high quality books from your store at good prices and they will surely come. Grant them trade and price discounts for them to be happy shopping from your store always. Design an eye-catching banner or signpost for your business and strategically place it beside your shop and in many other good spots so as to attract customers and massive patronage. Use other effective advertising channels like television and radio advert, newspaper and magazine advertisement to create more awareness for your business in order to make more money.
Also, you can register your bookstore as time goes on to give it a corporate shape. Establish other branches and shops as soon as you get enough money to do so. Enlarge your customer base and market reach and make a lot of money managing your bookstores profitably.
Use the comment box below to drop your views, reactions, observations and questions on this article and I will give you the requires attention and assistance too.
For more business ideas, read them all for free on this blog by browsing through our article archives and categories. Get more fresh information on profitable business models as soon as I publish them here. That is why you should keep on reading this blog every minute, every day and at all times so that you do not miss out. Cheers as you broaden your knowledge for success!
TAGS: bookshop business plan pdf, bookshop business in kenya, bookshop business in nigeria, bookshop business foor sale, bookshop business in india, bookshop business model, bookshop business plan examples, bookshop business cards, business bookshop london, starting a bookshop business, running a bookshop business, starting a bookshop business uk, owning a bookshop business, starting a bookshop business in nigeria, starting a bookshop business in kenya, setting upa bookshop business, example of a bookstore business plan, business bookshop brisbane, bookstore cafe business plan, rmit business bookshop bourke st, rmit business bookshop city, christian bookshop business, free bookstore business plan, business bookshop holborn, protea bookshop business hours, bookshop business ideas, best business bookshop in london, is bookshop business profitable, mobiel bookshop business, online bookshop business, bookshop business plan india, free sample bookstore business plan, run bookshop business, business bookshop sydney, bookshop business plan sample, bookstore business plan template, starting bookshop business, business school bookshop auckland
How to start a profitable Bookshop business and make money like a professor
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Very insightful article! Any additional information on how to source books, esp. African books?
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