Sunday, July 17, 2011

How much capital to start a bookstore business

When I began running my home based Xavier bookstore, I only spent around 65 million rupiahs. According to current exchange rate it is 7,927 US dollars. This investment has paid off and I now can make between 1,200 to 1500 US dollars a month from this small business. For European and North American countries where the cost of living is high, this amount is small but for people living in Indonesia where the cost of living is relatively between 200 and 300 US dollars a month, this amount of revenue is big.
I am now expanding the home based bookshop to online bookstore. In the beginning I used Microsoft Frontpage 2003 in combination with blogging software Wordpress. Now I used a more powerful e-commerce software called zen-cart. I gave the online bookstore a different name called toko-buku-online-sapphire.com. The capital needed for starting this online bookstore was only 42 US dollars. It is very little, isn't it? The shopping cart software is free. I only need to pay the 1 year webhosting package to establish the online bookstore. This little investment was paid off in just a few days after the online bookstore was launched.
Talking about the amount of capital needed to start a bookstore, as a matter of fact, there is no standart amount. If you use your own house as the base for your business, then you will not spend a lot of money. But if you rent a show room in a strategic place in the downtown, starting up a new bookstore can cost you tens of thousands of US dollars. Most book lovers do not really look at the physical appearance of the building of a bookstore which they enter. Their interest is whether the shop has the books which they need or not. If you can provide a long list of titles, for example, for the category of agriculture, then you will be able to attract more customers. A successful bookstore is a shop that can provide the books which their customers are looking for. So, before running a bookshop in your town, make a market research about it. by Charles Roring
Also read:
How much does it cost to start a bookstore?
How to start a bookstore business without large capital

1 comment:

PurpleCommerce said...

hi,

Now a days it is very hardly to get what you want and your bookstore has some qualities one of them that you provide every types of books of your coustmer so it is a great job.
thanks

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