Guide on How to Start a Music Store CD Business
1. Find a building complex to have your business located at in the main part of the city. You want to have your music business in a place that will attract people interested in the type of music that you sell.
2. You need to open up a variety of different wholesale account with a supplier of music. This is a wonderful method of getting Cd’s much cheaper. You are able to make more of a profit on each sale.
3. You need to figure out how you want to design your store. You need to figure out whether to put shelves in the store to sell your Cd’s on or racks to stack them in order. Some CD stores have them set up from A to Z so it is easier for customers to find exactly what they are looking for. Section category also make a difference in organization.
4. It is important to decorate your store so it attracts more visitors. You can put a poster up with an announcement of the newest CD that is going to be for sale in your store soon and any current ones that are popular. You can also put a few others posters up around your music store.
5. You need to get a cash register and an inventory program in a computer database. You need to put the information about each CD into the inventory program so that you can find out when you need to reorder more. An inventory program is good for ringing up purchases more quickly.
6. Purchase a sign for outside to display your company name. You want the sign to be neon so people can see it at night. You can even have a copy of the company name design of the sign be made into a sticker so that you can post it on the front of your door.
7. Depending upon the type of music that you sell then you can price the music to the same price range as what the other music companies are selling. It is important to make sure that your Cd’s isn’t overpriced or under priced.
8. You need to have security protection on your CD. You can seal the Cd’s in plastic or you can just put a hard plastic case around it that you have to remove with a black security device that is quite small and easy to use. The cases are quite easier to prevent people from stealing the Cd’s.
9. You need to get a credit card merchant account. You can call around to find the best price in town. You can usually sign up for a merchant account at a bank along with the credit card machine too. Make to read all the terms and conditions along with any fees before signing any papers.
10. Announce your business including the grand opening date in the newspaper and on the radio weeks before the opening day. It will attract a large amount of traffic to your music store on grand opening day. Announce in the advertisements what type of Cd’s that you sell.
