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Message: <blockquote data-quote="joshhg" data-source="post: 3394553" data-attributes="member: 27382">First off: Get a basic understanding of microeconomics. I’ve never run a store, but that class has taught me a lot already.Go ahead and plan how much you want to make off the store ahead of time. Go ahead and count this as a cost, the same way that you would count a employee a cost. It is money you must make to pay off an employee: you. But don’t expect to make that exactly the first year, but don’t expect to make too low either.Don’t be afraid of getting rid of merchandise that doesn’t sell. Don’t clutter up shelf space with a book that wasn’t popular a year ago. Sell it online for a bit and buy something new and more popular. Not doing this is a common mistake I’ve seen.Yes, you may lose some money, but you can’t make money off a book that doesn’t sell.A idea: Let your customers order books. As in, they ask for it, and you buy it off line. This is something a used bookstore does around here, and they just add on a little bit onto the price if it’s a new book. Even if you don’t make money off of it, you make a customer feel better about buying at your shop.</blockquote>