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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.
Once the semester is over, books are returned with a free return shipping label, [5] or in person at 11 depots. [ 6 ] The company also set up a service to buy back used books, [ 6 ] either by paying cash for books dropped off at a depot location near campus, by providing a free shipping label from the website to ship the books to the company.
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.
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Little Free Library in a Tokyo Metro station. The first Little Free Library was built in 2009 by the late Todd Bol in Hudson, Wisconsin. [9] Bol mounted a wooden container, designed to look like a one-room schoolhouse, on a post on his lawn and filled it with books as a tribute to his late mother, a book lover and school teacher who had recently died. [10]
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