The Book Barter Stephen Carr Colin Walsh Julian Brooks Ryan Murphy Noam Ben-Avi
The Textbook Dilemma BOOKSTORE ONLINE VENDORS • Extremely time efficient & reliable • Awful pricing • Buying from • Selling to • Amazon, Chegg, etc • Very fair, competitive price • Time inefficient
E145 Text Book Bookstore: • New: $142 • Used: $112 • Buyback : $38 (Not attractive to sell) Amazon : • New: $98 • Used: $77 Chegg • New: $130 • Rent: $55 SUPost (Cheapest price option) - Used: $53 (Less then renting from chegg)
Knights Physics Bookstore: • New: $73 (for 1/3 of the textbook) • Used: Not offered Amazon : • New: $160 • Used: $130 Chegg • New: $240 • Rent: $76 (need to rent three times to complete the physics 40 series) SUPost (Cheapest price option) - Used: $75 (Less then renting from chegg)
Chem 31 A/B Textbook Bookstore: • New: $128 Amazon : • New: $100 • Used: $88 Chegg • New: $86 • Rent: $35.4 (but need for two quarters) SUPost (Cheapest price option) - Used: $68 (Less then renting from Chegg for two quarters)
Student to student textbook selling leads to cheapest prices Further considerations: • Buying used is the only way to acquire cheaper course readers • Selling you will get a better offer than the bookstore • No need to deal with shipping and you can physically check out the books condition before deciding to buy it.
How are we better then SUPost? • Integration into facebook makes acquiring early adopters and crossing the chasm much easier. • Using facebook integration means access to friends lists, allowing users to buy and sell to people they would feel comfortable interacting with. • There will be listings to cheapest options from other online stores available for all texts, thus making sure that people post a cheap and fair price.
How Will it Make Money? • No inventory => low initial costs • Referral Fees: From the postings to online textbook sites • Advertisement Fees: As with most websites, advertisement will be a great source of revenue. • The site is scalable to all universities.