Starting up your own news paper agency is a daring challenge and thought. However with right inclination, determination and attitude nothing is impossible. As long as you have courage and inspiration and capital too which is of utmost importance in this thought then there is no stopping for you to make headlines for the next big thing. Following could be the ideas one should keep in their mind before starting this giant vehicle drive.
1) Interest of readers
One thing that is the biggest investment In this business is to cater all the needs of readers in your domain. You need to realize the importance of targeted market that you need to capture which is already being manipulated by your competitors. You can either provide daily news with every element of interest or to have spice of suspense you can either put it to printing alternate days or weekly bases depends which type of news you want to provide. And yes your news should only include legal stuff or else see yourself behind bars soon enough. Investment needed for survey and planning might cost you not a lot but somewhat ranging $25000 and more depending which company you hire for such activity.
This is one of the key roles playing area in your success. Hiring good reporters and photographers and with large staff covering every nook of the place means you are on ladder to success. However to achieve your target along with fame and money you should realize that quality will come with higher price therefore hiring a good staff will mean good salary too. A Journalist earns an average salary of $36,834 per year and this will go up with experience and skills. Well trained and updated staff is the top most priority of this business.
Every passing second there is advancement in technology and price too. Thus to start an agency you will need to have top notch printing press and top class field operation managers to accommodate the sophisticated machines. Investment in this matter should also consider the fact of printing cost of newspaper because minimum 10000 newspapers or much more can be expected to be printing on daily bases or otherwise and this much amount of paper surely cost a lot which can only be reduced by cost effective machinery average machine will cost around $100000 minimum.
4) Printing House
Printing house of news paper agency will require a place which can be bought or rent. This particular investment depends on the size of your news agency but you should keep in mind that high quality ventilation system and cooling machines are needed as printing machines creates a lot of heat which regularly needs cooling effect. With all of these feature mentioned the house will cost around $50000 -$100000