Implementing an online bookstore to manage all of the course material logistics doesn’t mean it is necessary to get rid of the on-campus store. Campus stores can be a central location where students frequently gather to shop for spirit wear, grab coffee and snacks, and meet up with peers. Mitchell Technical Institute has partnered with us to manage their course materials while they focus on selling tools, spirit wear and other goods to support their programs, scholarships, and more.
Valentine’s Day is here and love is in the air around college campuses everywhere. This time of year can be a bummer for some but not having a “special someone” doesn't mean you can’t receive some love from friends and family!
Most of us can relate to the struggles of being in college: broke, hungry, and all studied (and stressed!) out. So if someone you love is in college, it’s a good time to send them a gift that shows you really care! Looking for some great ideas to gift your loved ones in college? Check out these seven awesome Valentines:
Self-operated bookstores are becoming increasingly burdened by the complex requirements of managing course materials from negotiating prices with multiple publishers, to navigating state textbook regulations, competing with online sellers, and managing custom course packs and digital materials. Fast-evolving textbook service demands can strain staff and resources.
It’s safe to say that changes in student purchasing behavior, in course material options, and in technology have disrupted many college bookstores, a once-stable revenue source for textbook sales. Bookstore earnings are down by as much as 35% at colleges and universities and P&L statements show an increasingly common theme: administrators need to find a solution to the issue of declining revenues.
A number of possible options can help. One solution that allows universities to regain the income lost to online competitors like Amazon while also creating new opportunities for profitability and cost savings is the online bookstore model. By transitioning the college bookstore to a centralized online model for adoptions, purchasing, and access, schools can free up valuable physical space, provide a single platform for physical and digital course materials, and get deeper insights into bookstore and course material utilization. With an online bookstore partner, many operational tasks—from inventory ordering to logistics to customer support and even buyback programs—can be delegated, enabling university staff to focus on higher-level strategic goals.
At many college bookstores, revenues from textbooks and course materials continues to shrink every year – something that's already well known but proven to be difficult to fix. With competition from online giants like Amazon and a digital transformation in course materials, university administrators need new strategies to improve sales while continuing to meet student needs.
The brand new 2019 College Business Officers Survey we just completed reveals how higher ed institutions plan to meet these challenges with innovative, low-cost, digital options.
As technology permeates more and more aspects of our lives, colleges and universities continue to implement new programs and tools to help administration, faculty, and students simplify their day. Most schools have software systems for managing everything from admissions to finances to curriculum, but when it comes to the adoption and purchasing of course materials, many institutions still use a manual process through a physical store.