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I’m convinced that textbook publishers are just really expensive money launderers. You spend an outrageous amount of money on some book that you probably won’t even open, and at the end of the semester you sell it back for 15% of what you paid for it. Your money is clean and you’re slightly more educated, yet there’s this sinking feeling that you’ve been had. Academic publishers have built monopolies title by title, and they’ve reaped the rewards for decades. It’s finally coming to an end. There are now open-source publishers like Flat World Knowledge and textbook rental services like Chegg and BookRenter.com that are digging into the publishers’ profits. Today we’re going to focus on San Mateo, CA based BookRenter.com which was founded in 2006 “to make education more affordable for everyone.” From what I can tell, they were the first textbook rental service, and they’ve been growing big time since they launched.

The End of Rent Seeking

You could make a pretty strong argument that textbook publishers are just rent seekers. They use their connections to professors to charge above market prices. Oddly enough, it’s the rental business that might just put an end to their monopoly power; though, I do wonder whether a move to digital publishing will tip the scales back towards the publishers. Anyway, BookRenter.com has built a remarkable business by making a capital investment in tons of textbooks and building out the logistics to get the books quickly to and from students. Now BookRenter.com just needs to get more and more students to try renting. That should be easy considering that they can easily save an average student more than $500 a year. If you’re liking what BookRenter.com is all about, then take a look at their Jobs page. They have a ton of open positions including:

• Customer Service Representative
• Development Operations Engineer
• Product UI Designer
• Software Engineer – Ruby on Rails
• Marketing Coordinator
• Programs Administrator
• Social Media Manager
• Operations Specialist
• Operations Support – Loss Prevention

There are all kinds of great options at BookRenter.com, so join their team and help put textbook publishers in their place.

Links to Help You Begin Your Research

• BookRenter.com
• Jobs at BookRenter.com
• About BookRenter.com
• BookRenter.com’s Blog

What’s your worst college textbook horror story?

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