How to Start a Book Rental Business

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At times people cannot always afford to purchase the book they wish to read and that is what makes the book rental business ideal as it is a cheap alternative to experiencing expensive books without purchase.

For this kind of business one will need to have a vast variety of books on hand.

Bear in mind that people will be interested in renting books that are popular and that these books must be preferably heavy duty or hard bound to last longer. Though since you will just be starting the business at least have these books clean and well covered. These are also things that should be checked regularly.

Draft out your plan for the business such as the general guidelines and rules and regulations for rental. You will need to list the books you plan on buying as well for your archive. There are several books to choose from and you may even consider purchasing old classics or used books if you please to add to your stock. With this in mind also remember that it is the popular book that usually sells so it would be best to have more copies of popular books available to your customers.

Before you purchase anything for your business you will need to know your budget. It is always good to set a strict budget before starting your business in order to have a clear draft of the expenses you will be making. To draft this budget you will need to list down all the things you need and what you will require to service your customers. Include in the budget draft if you plan on hiring help or other employees. Search suppliers for the prices and compare them accordingly. Price the book rental according to its popularity as more people will want to rent out the popular books more than others. With the financial matters you may want to consult an accountant to make sure everything is in order.

Once you decide on the things you want to purchase you may now stock your location. By this time you must have decided upon where to start your business. The location may be either at home or at a separate commercial area. It is important to have all the legal documents ready for this as you will not want to encounter any legal problems as your business enters operation. Furnish your location accordingly and take care of the finishing touches.

The important thing to remember in this type of business is that you need to continually purchase new sets of books as the business progresses. The customers will want to have a wide variety of books to choose from and to accomplish this you will need to have new books available regularly. Target best sellers and popular book as these are essential in your rental business. You may also want to purchase books from used book stores and book sale outlets.

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11 Comments

rajesh kumar said on November 10, 2011
i want to start book, dvd, toys rental business in allahabad uttar pradesh
sanjay maurya said on July 12, 2012
i want to open new books stall in new mumbai khadeshwar . please give me some idea to open new book stall.
raki said on May 18, 2013
i want to start book rental business in andhra pradesh
BHUSHAN said on May 26, 2013
I want to start rental book shop in mumbai
Ashok said on September 17, 2013
i want to start books stall business in Brahmavar, udupi dist & tq. pls give some of the ideas relating to the business
ivy wong said on April 8, 2014
i want to star book rental business at central plaza, please give me some ideas relating to the business.
paddy said on June 8, 2014
I want to start a book rental business please give advice were to start to the publisher or author
manish said on October 11, 2014
what should be the first lot of books to purchase for this business and which type of books are more in demand. which segment mostly takes books on rental
deepali said on October 22, 2014
I wanna start a book rental business for engineering students in bhopal.. kindly help me out with some ideas..
rama krishna said on April 12, 2015
really i want to start a book rental business in vizag if anyone have interest on this please call to me 8466932293
Ashley McDonald said on June 20, 2020
My husband and I are interested in starting a college/school textbook, computer, and all other necessary high-cost items rental business. I know there is amazon and they do that but I wonder how tough it would be to possibly compete with amazon by offering other incentives, extended rental agreements, and insurance on all equipment (technology) rented in the event of accidents. We are basically in the very beginning stages of brainstorming this idea and any guidance is most appreciated. Do you have any tips for competing successfully with a company as profitable and large as amazon for this rental business? Thank you.

How to Start a Book Rental Business

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