eCampus.com, a major online textbook retailer, reported that nearly 20% of all textbooks are purchased online today, up from only 1% in 2009.
Sales of new textbooks dropped from 71% in 2007 to about 40% today. The past three years have also seen a rise in textbook rentals. Matt Montgomery, CEO of eCampus.com explains, “Textbooks remain a major expense for college students, and that’s why they’re excited about a concept that provides the exact same product, but at a substantial cost savings.” He adds that online retailers have an advantage when it comes to textbook rentals because their reach is much greater. Textbooks can be rented for 60-70% off retail price, which gives students a substantial savings.
eCampus.com was founded in 1999.
Read the entire story here