You get 50k dollars tax free no catch what do you plan to do with it?

  • jordanlund@lemmy.world
    link
    fedilink
    arrow-up
    3
    ·
    4 days ago

    Nope, I opened a full bookstore for less than $10,000. The other $40+ is operating funds. I can keep this going for some time!

      • jordanlund@lemmy.world
        link
        fedilink
        arrow-up
        2
        ·
        2 days ago

        How do you open a bookstore for under $10,000?

        Well, first you find a location with $600 a month rent. LOL.

        Floor was $350 and $500 to install it. Bookshelves were $1,100. UV window tint to protect the product was $500.

        From there it’s a matter of setting up accounts with major wholesalers and ordering product.

        Most folks don’t realize this, but in general, the markup on books is around 35% to 55% depending on the publisher and the service.

        I bought a bunch of nice Halloween stock for $6.50 a book, retail is $28.95, which is ridiculous. I’m selling them for $12.95 and still making money on them.