Before you can start your business, you need to make sure you have completed all of the legal steps necessary to do so. Regulations on starting a business vary from place to place. Inquire with your local
Chamber of Commerce and they should be able to point you in the right direction and tell you what steps you need to take in order to be able to open a store in your area.
You will also need a startup inventory. Fortunately, this is easy to come up with at little or no cost to you. Start by sorting through your entire personal collection of disc-based media. Find any CDs, DVDs, or video games that you are willing to part with. Ask your friends and family to do the same. If you sell these items on consignment, you will cut your overhead startup costs significantly!
Rather than investing thousands of dollars in a security system, prevent theft by keeping the discs behind the counter.
Take each disc out of its case and label the case with a number written on a small adhesive label. Place the disc in a large CD wallet and label that slot on the wallet with the corresponding number.
Once your CD wallets are filled, label the spines with the number range contained in each book. When a customer brings up a disc to purchase, it will be easy to find the discs they want!
You will also need some basic fixtures, such as CD and DVD racks and a cash register. Keep an eye out for good deals on these fixtures at other businesses that are closing. You could also make your own display racks easily if you have some basic woodworking skills.
When picking a location, look for someplace that has good foot traffic. Areas located near residential communities are ideal because they youth of the community (which will likely be a large part of your clientele) is nearby and can access your business without a vehicle. Also consider the size of the space and the price of the rent. Make sure you aren’t renting a space that is too large or too small, and that your rent is not outside of your means.
When pricing your inventory, do some research. Make sure you are charging a fair price for your items. Check any local competition, as well as online sources like Amazon.
Perpetuate your inventory by purchasing unwanted disc-based media from your customers. Offer them a small amount of cash for each item, or slightly more in store credit. (Offering payment in store credit will ultimately boost your sales!)