Personalized Story Time Books

Startup Costs: $50,000 - $100,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? Yes

The market for personalized story time books for children is enormous. Every child in the world loves to hear stories, and the best aspect of this new venture is the fact that this business enables you to create books to include children into the story. This is a business that once you have established a relationship with a client you will want to keep that relationship strong as the product has the ability to almost be classified as a consumable. This means that once you form the relationship with the client, it's a given that the relationship will continue to generate revenue for the business, providing the quality of service and product remains excellent. The average child can easily have five or six favorite books, and these books change on a year-by-year basis. This can add up to 20 to 30 different story time books that can be sold to the same client, and that number can multiply by the number of children the client has. There are software applications available including the reprint rights for creating this type of book, or of course you can use the customer's and your imagination to create original stories. A marketing technique that can help get you started is to pick relatives and friends with children and customize books using their children's names. Once you have the books produced, simply show the story time books to your friends and relatives. It will be nearly impossible for them to say no once they see the finished product and how much work you put into creating the book. profit potential: Once you have established a solid client base, this business venture has the ability to return excellent profits on a part- or full-time effort. As with any business, be sure to use a bottom-up approach to product pricing. Factor in all costs, including materials, labor and overhead, and multiply by the desired markup. The end result of this formula will give you your retail selling price.

Needed Equipment

You will need a good computer system and printer if you plan to produce the books yourself. It can be very costly to have a print shop run a single copy of one item. Additional requirements will include software that legally allows you to reprint the books or good writing skills to create your own stories. The latter is more fun, and you can base the stories on your local community and community events.

Personalized Story Time Books Ideas

Independent Record Label

Take your passion for music and start an indie record label for your favorite artists.

Transcript Service

A transcript service is unique, homebased and can generate a good income. How else should we spell it out for you?

Restaurant Placemats

Put designing capabilities to use on restaurant placemats.

More from Business Ideas

Leadership

She Turned Her Pandemic Hobby Into a Full-Time Business. Now Her Heritage-Inspired Candles Are Sold in Retailers Like Nordstrom and Barnes & Noble.

Melissa Gallardo creates premium home fragrances in candle form, all inspired by her Latin heritage. As she continues to build and grow her business, these are the lessons she wants to share with other founders.

Franchise

Subway's CEO Steps Down Amid a Major Transition for the Sandwich Giant

John Chidsey will step down at the end of 2024, marking the close of a transformative five-year tenure.

Side Hustle

She Turned Her Dorm Room Side Hustle Into a $10 Million Business — And Scored a $200,000 Shark Tank Deal Along the Way

When Philomina "Philo" Kane started making satin-lined hoodies in her dorm room, she had no idea it would one day become a multi-million-dollar brand.