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Based on the rental method the book rental companies can be categorized into two subgroups: Book rental companies having a subscription-based models where a monthly or periodic subscription fee is charged and members can rent a number of books based on the subscription. Book rental companies taking a fraction of book cost as rent.
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Users browse books online and have their choices home-delivered, rather than physically visiting a library to borrow a book. This e-commerce model is comparable to the video rental service provided Netflix. In 2009, online book rental was gaining popularity in India, with a number of websites offering free doorstep delivery for a small monthly fee.
CampusBooks served over 1.5 million book price comparisons to students in 2007. In 2011, the website was viewed by over 3 million students. [4] In 2015, CampusBooks released Buy vs. Rent price prediction tool, which provided students with recommendations on whether to buy or rent a book based on the current price and future estimated value. [5]
Textbook rentals aren't new. WalletPop has covered several third party companies such as Chegg.com, which rent textbooks to users at prices far below retail for college book rentals, but now ...
Textbookrental.ca was established in 2010 by entrepreneurs Gershon Hurwitz and Mike Stock, [3] in response to student concerns about the rising cost of textbooks. [4] By 2011, the online store was selling textbooks at a discount and renting texts, allowing searching by textbook ISBN , author, and title, selecting a 2, 3, or 6 month (semester ...