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Used Bookstore Business Idea

If you have ever wanted to sell used books, now is the time to start.

With the internet retail market booming, you no longer need to limit yourself to a local customer base, as your customers can be worldwide.

They’ll find you with a few clicks, and the money they pay for postage will be money the save by not driving to a conventional secondhand bookstore.

You need no formal training to sell used books, either online or in brick-and-mortar stores. You should, however, like books.

Learn basic book terminology, including the parts of books and the terms for book conditions, will help you immensely. Be sure to brush up on your accounting and bookkeeping skills, too, so you won’t have problems when it’s time to pay your taxes.

You also don’t necessarily need an inventory – if you’d rather not stock your own inventory, then form business associations with book wholesalers who can drop-ship for you.

Drop shipping is the perfect choice if you have an area of expertise but lack the space, time, or overheads to manage the physical sides of a business.

I’d Like To Build An Inventory – How Do I Start?

If you have some old books in your own collection, that’s a great place to start to build an inventory, but you’ll soon find that it isn’t enough. You’ll need to build an inventory quickly.

First decide what books you will deal in. You might decide to deal in rare used books, or you might prefer to sell romance, science fiction, mystery, or other genre novels. You might also want to sell used books in the non-fiction market such as gardening books, cookbooks, or books on art and history.

The next step is to go out and buy low to sell high. The more specialized you are and the more rare the books, the higher the prices you can sell at.

Visit traveling used book sales, flea markets, yard sales, garage sales, rummage sales, estate sales, and even thrift stores to unearth treasures for sale. Check "For Sale" listings on the internet and in local papers for people selling their collections in bulk.

If you prefer to deal in used textbooks, advertise trade-in offers targeted at college students wanting to get rid of their academic book collections. You can even buy in bulk over the internet through auctions if you want to be careful about your costs.

If you do establish an inventory, be sure to insure your inventory against loss by fire, theft or other disasters.

Sell Used Books – Making Sales

Selling online is a great way to keep your overheads low. For online sales, many bookselling sites already exist to list your books on. Alternatively, be distinctive right from the start and open up your own website.

You should also consider partnering with other booksellers or retailers to start your own mall. If this doesn’t appeal, go down the traditional route and sell your books from a physical brick-and-mortar store.

When it comes time to expand your business, consider branching out to online sales or expanding to new specialty areas. For example, if you currently only deal with history and travel books, you may decide to sell used college textbooks. Open a virtual store reselling textbooks on the internet.

The key to success in dealing in used books is amassing a large inventory to sell in your niche area, and also keeping track of current prices. Book values have gone through a radical change since the advent of the internet. Keep tabs on current rates for rare and used books by following industry trends.

Take advantage of the electronic age of business opportunities and start to sell used books right now.

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