Odin Collie

A retail store that buys and sells used books, rents books and sells new books is a profitable possibility for the right owner. If you can find one for sale or a great location with a rent that is affordable, then this business will have a chance for success. Like most retail businesses this type of store needs to have traffic to succeed. The problem with most of them is the chain store competition has forced them to sell without adequate margins in their selling price. A store does not have to beat the price of competitors; it just has to be competitive.

New book sales are going to be a tough one to crack as the chain stores can sell at very good prices. Used books on the other hand are merchandise that there may be no competition at all. Buying books and giving credit for them toward the purchase of other books is a good way to get inventory at little out of pocket cost.

Renting books for a week at a time with reasonable deposits is a way to keep the cash flow up without having to pay for more inventories. Keeping cash flow coming into the business is the key to any retail operation.

Finding an existing store for sale

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Have you considered writing a short book to increase your service business? Perhaps you are like most of us before taking the leap of faith, you wonder if it will give you the results you dream of. I can tell you this; monetizing your service business with a short book will pay you back BIG.

Here are 9 increasing reasons to throw caution to the wind and write your book now:

1. Increase your skill base. Write a book and develop a mini website to sell it on the Internet. If you optimize your book’s website well, people will visit it from all over the world and buy it. You may be thinking, I don’t know how to build a website much less optimize it. Take a class; hire a computer savy assistant. If a non techie person like the author of this article did, you can too.

2. Increase your self-esteem by sharing your know-how in your field. People are looking for a friendly expert to show them how to do things faster, easier and with more profit. You know; share all the short cuts & secrets of your business you’ve learned along the way.

3. Increase your credibility as a service expert. When you write a book, you get instant credibility with your colleagues and customers. They are more willing to work with you and trust you faster with book author as one of your titles. Remember, people tend to buy more and do business with people they trust.  Read more...