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You randomly get a free 50k no catch what do you do with it? (lemmy.world)
submitted 2 months ago by to c/asklemmy@lemmy.world
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You get 50k dollars tax free no catch what do you plan to do with it?

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[–] 12 points 2 months ago (7 children)

what is that, like 10% of the cost?

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  • [–] 5 points 2 months ago (2 children)

    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!

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  • [–] 4 points 2 months ago (1 child)

    Huh? How?

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  • [–] 3 points 2 months 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.

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