Expansion of my book selling business

Entrepreneur

About Me

I grew up in Seka Village where I got my primary education before joining a secondary school in Migori County. As the case to most people I have also had challenges in life but I was able to overcome them because I was focused irrespective of the distractions here and there.I thought about this business when I went to buy books for my daughter who was joining a new class,I got interested and started with books worth $ 600,I had a new idea that I thought of adding to the business and it worked (exchanging used books at a small fee and also buying used books from parents at reduced cost to sell to their parents with children in those classes)

My Business

I sell textbooks,exercise books,stories and other class stationery to school and parents with school going children . I work closely with schools and parents since they form the base of my market.The books are in high demand in December ,January , February,May and August this is the time when parents are looking for books for the children joining new classes and schools,in January and February those transiting from Primary to Secondary schools do a lot of buying.I chose book selling because children are born daily and they have to get education through the books I sell.
Averagely a text book go for $ 4 from wholesalers and can be sold @ $ 7.This means a loan of $ 200 can purchase 50 books which can bring a profit $ 120.The profits will be used to enlarged the business.

Loan Proposal

The loan will be used to purchase textbooks for sale,the books will be for class one to class eight.The loan will be enough to purchase 22 books to add to my stock @ $ 4 ,it is anticipated that each book will be sold at at-least $ 7,this will yield a profit of $ 66 for each bunch of books brought,with the coming high demand the books can be sold within a week and others brought .
The profits from the sales will be used to expand the stock as I move towards owning a bookshop.

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