AKALogoNoTagline

Akademos_Blog

NACUBO Session Recording Available: The Hybrid College Bookstore Model

Posted by Lauren LaFronz on July 21, 2016

If textbook affordability is important to your institution and you're open to learning about new bookstore models, you'll want to request the recording of our interactive session with Labouré and Berea colleges from the 2016 NACUBO Annual Meeting.

This well-attended session, which received a lot of positive feedback, covers how the new hybrid college bookstore model reduces textbook costs, improves bookstore sales and increases student satisfaction. The recording and presentation materials can be requested by clicking here or on the button below.

The session covers how combining a school-sanctioned website with an on-campus shop can:

  • Improve textbook affordability, bookstore sales and the textbook purchasing experience

  • Provide the flexibility required to transition to new digital learning platforms and materials

  • Win back students by applying advanced technology best practices

Request Session Materials

If you attended the session and want additonal information about the hybrid bookstore model, contact us or request a copy of our hybrid bookstore model white paper.

Topics: Webinars & Events, Bookstore Sales, Textbook Affordability, New Bookstore Models

Akademos & Presentation College Launch Online Bookstore Offering Affordable Textbooks

Posted by Lauren LaFronz on July 19, 2016

Hybrid bookstore model enables Presentation to offer low-cost textbooks online and a wider selection of merchandise on campus

Akademos has partnered with Presentation College to launch an online bookstore website giving students access to a vast selection of low-cost textbooks along with a convenient, personalized and fast ordering experience. Presentation College, named to the President’s Honor Roll for Community Service, is an independent Catholic institution based in South Dakota with a focus on presentation-college.jpgthe education of health care professionals.

Presentation College is implementing the “hybrid bookstore model,” which enables the institution to offer all course materials through the low-cost online bookstore and leverage its on-campus shop to sell a wide variety of ”Spirit” wear and general merchandise.

Presentation students can shop for textbooks in new, used, rental and eBook formats from any device using a custom-branded version of the mobile-optimized Akademos online bookstore. Students save an average of 60% off the list price of their course materials using Akademos’ exclusive marketplace of over 100 million new and used textbooks.

The Akademos online shopping platform is scheduled to be fully integrated with Presentation’s student information system (SIS), which will enable students to see a personalized list of required textbooks and order books for an entire term in less than five minutes. Students will also be able to seamlessly apply financial aid to their course material purchases.

“Transitioning to a fully-virtual, low-cost bookstore with a marketplace was a natural choice given that most of our students are already accustomed to comparison shopping for just about everything on the internet,” stated Presentation College Vice President for Finance Cathy Hall. “The hybrid model allows us to significantly improve textbook affordability while maximizing the profitability of our on-campus shop by offering a wider selection of other items.”

“While price is and always will be a key driver behind where students choose to purchase their course materials, the results of our recent college student survey show that the importance of convenience should not be underestimated,” commented John Squires, chief executive officer, Akademos. “The Akademos online bookstore solution provides Presentation students with the ultimate textbook ordering experience by offering low prices and a high level of convenience in addition to a fully personalized course materials list.”

Learn more about how Akademos can help your institution significantly improve textbook affordability for students.

 

Topics: Company News, Textbook Affordability, New Bookstore Models

Akademos & Lancaster County Career & Tech Center Reduce Textbook Costs

Posted by Lauren LaFronz on July 11, 2016

Akademos online bookstore solution enables students across multiple campuses to conveniently purchase low-cost textbooks

Akademos and Lancaster County Career & Technology Center (LCCTC) have launched an online bookstore enabling LCCTC students at multiple campuses to purchase low-cost Lancaster-County-CTC-Logo.jpgcourse materials anytime, anywhere. LCCTC, based in Southeastern Pennsylvania, was named one of the nation’s top 150 community colleges by the Aspen Institute College Excellence Program.

Students in LCCTC programs including Agriscience, Information Technology, Culinary Arts and
other areas can now shop for textbooks in new, used, rental and eBook formats on any device using a custom-branded version of the mobile-optimized Akademos online bookstore. Students save an average of 60% off the list price of their course materials using Akademos’ exclusive marketplace of over 100 million new and used textbooks.

“Until now our students have purchased textbooks through our registrar, or they were included with tuition. Our new Specialized Associate’s Degree programs provided an avenue to look at alternatives that would increase efficiency and improve textbook affordability,” comments David Warren, executive director, LCCTC. “The Akademos online bookstore solution allows us to accomplish both of those goals while providing students with an exceptional purchasing experience and the anytime, anywhere convenience of internet ordering.”

“This partnership helps LCCTC save its students money and alleviates the need for the registrar’s office and other departments to manage the logistics of textbook ordering and delivery,” states John Squires, chief executive officer, Akademos. “Our end-to-end online bookstore solution enables LCCTC to enhance student satisfaction while allowing its staff to focus on achieving its mission to prepare people for skilled, innovative and productive careers.”

Learn more about how Akademos can help your institution significantly improve textbook affordability for students.

 

Topics: Company News, Textbook Affordability

New Hybrid Bookstore Model to be Featured at NACUBO Annual Meeting

Posted by Lauren LaFronz on July 7, 2016

If you’re attending the NACUBO 2016 Annual Meeting in Montréal and improving textbook affordability is important to your institution, don’t miss our interactive panel discussion, The New Hybrid College Bookstore Model, on Sunday, July 17 at 2:00pmNACUBO-2016-Cropped.jpg.

Mark Virello, CFO, Labouré College and Derrick Singleton, VP of Operations & Sustainability, Berea College will join John Squires, CEO of Akademos to share how combining a school-sanctioned website with an on-campus shop selling high-margin
merchandise and services can:

  • Successfully reduce textbook costs, improve bookstore sales and increase student satisfaction

  • Provide the flexibility required to transition to new digital learning platforms and materials

  • Win back students by applying advanced technology best practices

If you can’t make the session, stop by our booth (#405) in the Expo to pick up a copy of our white paper, The New Hybrid College Bookstore Model, and receive a complimentary bottle of Akademos extra virgin olive oil.

We hope to see you in Montréal!

Topics: Webinars & Events, Textbook Affordability, New Bookstore Models

RedShelf & Akademos Partner to Deliver Affordable Digital Course Materials

Posted by Lauren LaFronz on June 23, 2016

Partnership will provide eLearning content to students at over 120 colleges and universities nationwide

Starting this July, RedShelf, one of the fastest-growing distributors of eTextbooks in the U.S., will distribute digital course materials through Akademos. A new strategic partnership between the two companies will offer students state-of-the-art digital materials at prices that are uredshelf-akademos-partnership.jpgp to 60% lower than the cost of printed course materials.

Akademos’ customized, online bookstore solutions support over 120 colleges and universities nationwide. In 2015, Akademos saved students over $11 million in textbook costs, furthering its mission to meet the increasing demand for affordable and accessible course materials.

“Joining forces with RedShelf significantly expands our selection of low-cost educational materials while providing students with an exceptional digital reading experience,” stated John Squires, chief executive officer of Akademos. “This partnership allows us to enhance support for our partner schools as more and more students make the transition from printed to electronic materials.”

By using RedShelf’s clean, cloud-based eReader platform, students will have access to a database of over 300,000 eTextbook titles through Akademos’ online bookstore and marketplace services. The eReader will also provide eLearning tools including highlighting, flashcards and search and define to enhance the student learning experience.

“We’re thrilled to be working with Akademos to reduce the cost of course materials, enhance the teaching and learning experiences for faculty and students, and make digital content more accessible,” commented Greg Fenton, chief executive officer and co-founder of RedShelf.

RedShelf’s rapid expansion in the marketplace for students making the shift from print to digital textbooks can be seen through its partnerships with over 430 college bookstores worldwide.

“Creating software that keeps students focused on content, pedagogy and learning is helping to elevate the eTextbook experience on campuses across the country,” Fenton added. “This important partnership with Akademos allows us to reach even more students and continue to work towards our shared mission of providing affordable course materials to students everywhere.”

Learn more about how you can improve textbook affordability with Akademos solutions. 

 

Topics: Company News, Textbook Affordability

Akademos & Kansas City University Partner to Improve Textbook Affordability

Posted by Lauren LaFronz on June 15, 2016

Akademos online college bookstore solution will provide students with an unrivaled selection of course materials at the lowest possible cost

Akademos announced today that it has partnered with Kansas City University of Medicine and Biosciences (KCU) to lower textbook costs and provide students with expanded course material options. KCU is the largest medical school in Missouri and the 12th largest in the United States.

Starting in July 2016, KCU students can shop for textbooks in new, used, rental and eBook formats
 on any device using a custom-branded version of the mobile-optimized AkaKansasCityUniversity_Primary_horiz_4color.pngdemos online bookstore. Students will save an average of 60% off the list price of their course materials using Akademos’ exclusive marketplace of over 100 million new and used textbooks.

The online storefront will become KCU’s exclusive school-sanctioned bookstore. The campus store will sell items including spirit wear, snacks and general merchandise.

“Based on sales data and talking to our students it became obvious students were not utilizing the on-campus bookstore to purchase their books,” said Jim Herrington, director of campus operations, KCU. “We needed a fresh approach so we chose to initiate a hybrid store model and selected Akademos to help us with the online bookstore because we believe their unique business model can offer our students better service and the lowest possible prices.”

“With many college bookstores experiencing declining textbook sales, it’s become increasingly common for institutions to move to a hybrid bookstore model that enables them to have both a successful low-cost online bookstore and a state-of-the-art on-campus shop,” said John Squires, chief executive officer, Akademos. “KCU is taking a very commendable step by fully embracing emerging technology to significantly improve textbook affordability for its students.”

Learn more about how Akademos can help your institution significantly reduce textbook costs for students.

 

Topics: Company News, Textbook Affordability

Price & Convenience: The Keys to Growing Your Textbook Sales

Posted by Lauren LaFronz on June 7, 2016

Growing numbers of college students are abandoning the campus bookstore and purchasing textbooks from less expensive third-party websites - but it’s not only price that’s driving them away.

A recent survey conducted by Akademos on college student textbook purchasing and bookstore services reveals that “convenience” also plays a very influential role in where students decide to purchase course materials, with 58% of students citing it as a critical factor affecting where they buy or rent.

college-textbook-affordability-2.jpg

This data point highlights the importance students place on the flexibility of anytime, anywhere Internet shopping, and indicates that adding a competitive online component to your bookstore strategy could increase sales and overall utilization.

If your college already has a bookstore website, or if you’re in the process of evaluating virtual bookstore options, you can secure an advantage over your current or future online competition by providing features that go beyond the basics to deliver the ultimate in convenience and a superior student experience.

For example, 40% of students surveyed by Akademos have used financial aid to buy or rent course materials, suggesting that it would be worthwhile to ensure your bookstore website enables students to seamlessly apply financial aid towards their purchases – a feature not offered by non-affiliated third-party sites.

In addition, given that students are accustomed to using smartphones for viewing websites and making purchases - over 62% of our survey respondents provided their information using a mobile device – it’s advisable to ensure your online bookstore is mobile-optimized so students aren’t inconvenienced by an awkward, frustrating user experience.

Request a complimentary copy of our white paper to get more actionable recommendations for improving bookstore sales and view the complete results of our survey. 

 

Request the White Paper Now

 

Topics: Bookstore Sales, Research

Study Confirms Colleges Can Improve Student Satisfaction, Bookstore Sales & More by Providing Key Online Services

Posted by Lauren LaFronz on May 10, 2016

It’s abundantly clear that high textbook costs are a critical issue for colleges and their students. What’s not as clear is how to effectively address this highly-complex, multi-faceted problem.

Our new study, available free-of-charge, provides proof that addressing college textbook affordability with specialized online solutions is highly effective and positively impacts student satisfaction, bookstore sales and academic success. The study contains a comparative analysis from two surveys recently conducted on college student course material purchasing and bookstore services.Textbook-Affordability-Study-Thumbnail.jpg

 Request a copy of the study

One survey was administered exclusively to students currently enrolled at Akademos partner schools, and another, identical survey was administered to college students enrolled at a random sample of "non-partner" institutions throughout the country. Several notable differences are revealed in the analysis including:

  • Students at institutions offering an extensive selection of low-priced textbooks are significantly more satisfied with textbook costs than students in the general population

  • Students at institutions providing a peer-to-peer marketplace as part of an online bookstore solution are considerably more likely than students in the general population to purchase all required course materials

  • Students at colleges offering first-rate bookstore websites are much more likely than students in the general population to be prepared for class with all required materials

  • Students at institutions with mobile-optimized, school-sanctioned bookstore websites are significantly more likely to forego purchasing textbooks on Amazon and other third party websites

This comparative analysis follows on the heels of the white paper we released last month containing the results of the survey administered to college students at "non-partner" institutions.

Request the study to read the complete analysis and learn about the specific online services that reduce college textbook costs and improve key metrics including student preparedness, student satisfaction and bookstore utilization.

Request the Comparative Study  

Topics: Bookstore Sales, Research

How to Impact College Student Preparedness

Posted by Lauren LaFronz on April 28, 2016

A recent survey conducted by Akademos on college student textbook purchasing and bookstore services revealed a troubling trend - a large percentage of students wait until on or after the first day of class to order course materials.

Student unpreparedness is an issue with far-reaching consequences. Students who begin courses without the required materials invariably end up trying to play catch-up – and the longer they wait to get their books, the farther behind they’re likely to fall - and the worse they’re likely to perform.

However, the survey results also uncovered that there’s an actionable way to address this issue – which is good news for colleges and universities.

The data reveal that the main reason students don’t have their course materials on the first day of class is insufficient communication. Most students wait to order materials because they want to confirm what materials are absolutely necessary (83%) and because they’re just unaware of what’s required (44%).

On the other hand, 79% of these students stated they would purchase their materials in advance if the professor clearly communicated what’s required and what materials they’re expected to have on the first day of class.

Textbook-Purchase-Piechart.png

These data points clearly indicate that taking action to improve communication around required materials could have a huge positive impact on student preparedness and ultimately, academic success. Colleges and universities must take a close look at how, what and when they’re communicating course material requirements and take steps to address any shortfalls. Steps to consider include:

  • Implementing a course materials communication plan: This plan should outline when and how course materials should be communicated to students as well as how compliance will be enforced.
  • Setting standards for course-related information: Institutions should consider setting standards for course descriptions, syllabi and other course-related information to ensure they clearly state what materials are required and what students must have on the first day of class.

Request a complimentary copy of our white paper to learn more about the role communication plays in student preparedness and review the full results of our 2016 College and University Student Survey on Course Material Purchasing and Bookstore Services.

Request the Exclusive White Paper

Topics: Research

Akademos & Sweet Briar College Partner to Provide Students with Substantial Textbook Savings

Posted by Lauren LaFronz on April 21, 2016

The Akademos online bookstore and marketplace will offer Sweet Briar students significant savings on course materials while providing the unmatched convenience of anytime, anywhere ordering

Akademos, Inc., a leading provider of college bookstore solutions and integrated online marketplaces for educational institutions, announced today that Sweet Briar College (sbc.edu) , a private, not-for-profit college for women, has joined its fast-growing list of partner schools. Sweet Briar College, located in central Virginia, was named one of the Top 10 Best Private Colleges in the South and one of the Top 10 Best Women’s Colleges by Forbes. It is the fourth Council of Independent Colleges in Virginia (CICV) member institution to adopt the Akademos online bookstore solution – the others include Bridgewater College, Mary Baldwin College and Roanoke College.

Starting Fall Term 2016, Sweet Briar students can shop for textbooks in new, used, rental and eBook formats on any device using a custom-branded version of the mobile-optimized Akademos online bookstore. Students will save an average of 60% off the list price of their course materials using Akademos’ exclusive marketplace of over 100 million new and used textbooks.

The next-generation Akademos online shopping platform will be fully integrated with Sweet Briar’s student information system (SIS), enabling students to automatically see the textbooks required for their courses and order books for an entire term in less than five minutes. Students will also be able to seamlessly apply financial aid to their course material purchases.sweet-briar-college-logo.jpg

In addition, Sweet Briar faculty and administrators will be able to take advantage of the state-of-the-art Akademos Adoption & Analytics Portal to streamline the textbook adoption process. The portal provides easy access to course adoption history and visibility into course material pricing to help instructors select books that are both high quality and affordable.

“When our students struggle financially to purchase the materials they need for academic success it jeopardizes our mission to create a supportive educational environment,” said Pamela DeWeese, dean of the faculty and vice president for academic affairs, Sweet Briar College. “Partnering with Akademos helps fulfill this important part of our mission by enabling us to offer students high-quality textbooks at the lowest possible price, and by giving our faculty powerful tools for assessing book costs.”

“By providing significant textbook savings, our unique e-commerce platform and marketplace will enable Sweet Briar students to focus less on how they’re going to afford their textbooks and more on their studies,” said John Squires, chief executive officer, Akademos. “We’re looking forward to working with Sweet Briar to launch a state-of-the-art online bookstore with a highly personalized, intuitive and expeditious book-buying experience.”

Learn more about how Akademos can help your institution significantly reduce textbook costs for students.

 

Topics: Company News, Textbook Affordability

 

Subscribe to this Blog