How to Start a Bookstore | How to Start an LLCOwning your own store may seem a natural and attractive idea if you love and know books. However, your love and knowledge have to be combined with business acumen if your bookstore is to succeed. Like any other retail business, you will have to meet the cost of rent, compensation, and utilities, not to mention payments to your vendors. Provisional members have access to a wealth of information, tools, and expertise. From the Book Buyer's Handbook directory of publisher terms, specials, and co-op offers , educational events, the bookseller forums, networking, and the ABACUS financial benchmarking survey results, ABA has what you need to prepare yourself for bookstore ownership.
What I've learned while working in a bookstore
How to Start a Bookstore
For many book lovers, opening a bookstore seems to be a dream job. Independent booksellers enjoy being part of a community, encouraging the pleasure of reading in adults and helping to make lifelong readers out of children. Of course, as with any business, the realities of opening a bookstore are a lot more complicated than the dream of bookselling. For independent booksellers, opening a bookstore business mostly revolves around selling printed books. Bookselling profits are generally more slender than many other retail businesses.
For more than 20 years, small bookstores have been vanishing, their business models under pressure from large competitors and internet retailers., Things were looking dire for the book business once it became clear Amazon was taking over the book-buying space. But as Borders and Waldenbooks rapidly shuttered their locations, an interesting thing began to happen.
Show less If you love books, you may have thought of opening your own bookstore. Successfully operating a bookstore takes more than just a love of the written word. To start a bookstore requires knowledge and understanding of business operations, management, and the retail industry. The bookstore sector is a challenging industry with low-profit margins, but with passion and commitment, your bookstore will thrive.