Start an online book rental library that delivers books to the customers’ doorstep. It is convenient way for book lovers to get a hand on their favorite books, some of which might be expensive, during these rushed times and schedules, by just ordering from the website and returning it back after finishing it.
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Is this for me
Software skills to setup web applications to support library
Knowledge of books/ people who will help you choose books for the library
Insight
"This kind of online book rental library business can also work in tier-2 cities. I think there is a huge demand there, because availability of books does become an issue for the readers in those places," Manish Kumar, Co-Founder, FriendsOfBooks.
How it was done
According to Manish Kumar, India has a non-existent public library system. He and Arti Jain saw this as an opportunity to cater to book lovers anywhere in the country. The customer gets to choose from the website and hence saves time and money on traveling and purchasing the book. Initially, they started as a library and within a year they upgraded to become an online bookstore.
Investment - Rs 10 Lakh
Avg. Break even - 1 year
Margin - 40-45%
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