How to Start Newspaper Business, Open News Paper Agency, RNI
Since the ancient years, everyone is fond of reading newspapers in their everyday life. For this, they buy newspapers so that they can get to know all about the world from their home easily. Because of this, the newspaper business is one of the most profitable businesses from years.
Anyone who starts this agency can earn millions very easily. If you also wanna know about Newspaper business requirements such as: Documents required to start a newspaper agency, investment required in newspaper agency, profits in newspaper business, what are the chances of loss, etc. in detail then read this article thoroughly.
So let’s start by reading the article on How to Start News Paper Business and How to Open News Paper Agency in detail.
How to Start Newspaper Business
You can start your own newspaper business with a minimum investment of around $950 – $1,980 (₹80,000 to ₹1,60,000). Where firstly you have to verify and register the title of your newspaper on RNI’s Official Website. After that, you have to contact the newspaper publishing press to print your newspaper. The cost of this expenditure will cost you around $1,250 (₹90,000).
After this, you have to provide the salary to employees for distributing newspapers. The total expenditure will be around upto $2,100 (₹1,50,000).
Apart from this, once the newspaper is registered, a publisher’s card and news report card will be made on behalf of your name. With the help of this, you can go anywhere and get information about the incident.
Be aware of the fact that if you’re found collecting news without registering, you cannot visit any incident site and you will be imprisoned as well. You can also be punished for many years for this.
How to Set Up News Paper Agency
You can also start the business of selling newspapers by taking agency. For this, first of all, you have to decide that with which brands newspaper you want to collaborate. If you want, you can also work with several brands simultaneously. After this, you can apply for newspaper agency with these brands for your business.
Once you get your newspaper agency verified, you only have to print the newspapers and distribute it in your work area. Along with this, many newspapers brands will also give you reporter’s ID Card, with the help of which you can also record local news of your area and without working hard, you can easily earn lots of money.
Documents Required for Newspaper Business
To start newspaper business, you should first open a shop/ store from where people can buy newspapers. For Selling newspapers from in-store, you’ll need a Shop License (Gumasta License).
Along with this, if your business grows enough to earn a profit of upto $24,150 (₹20 lakh) in a year, then you’ll also need to apply for GST Number for your business.
Along with this, to transact money in the name of your business, you will also have to open a Current Account.
Profit in Newspaper Business
In the business of newspapers, if you sell a single copy of everyday newspaper for around $0.06 (₹5) and you are capable of selling at least 10,000 Newspapers every day.
Then with these figures, you can easily make around $1,800 (₹1,50,000) per month.
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Loss in Newspaper Business
The chances of loss in the newspaper business are also very high. There is a chance that if any climatic changes happen then in such case very few people are able to buy newspapers from the store.
Apart from this, if your newspaper bundle gets affected by termites or any other insect. So in such cases, you have to be very careful to keep your newspapers safe.
Hoping, you have completely read the article about How to Start News Paper Business.
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