Global textbook rental market report by Technavio believed the market to grow at a CAGR of 20.74%. The maturation and proliferation of the online rental industry has led to an exponential growth of the online textbook rental industry. As the online textbook market is expanding, the ratio of rented textbooks is increasing as a mainstream option instead of buying.

The major driving force in the surge of the online book rental businesses is an effective pricing model. Students prefer to rent textbooks instead of buying them online, as it is more pocket friendly.

A recent study found that in the United States an ‘average student spends as much as $1,200 each year on textbooks and supplies alone.’ And online textbook rental websites like Chegg, BookRenter & eCampus help them in saving up to 90% of that money.

Textbook rental platforms are in full-swing.  This makes online textbook rental marketplace, a great area of opportunities for aspiring entrepreneurs.

If you also aspire to launch an online textbook rental business, then this post will help you deploy your business idea in the best possible manner by explaining;

Textbook Rental Business Model

Revenue Generation Model

Key Features & Services of Online Book Rental Platform

  • Homepage Features
  • Search Tool
  • How It Works
  • Renting/Buying Books
  • Selling Books
  • Study Help
  • Internship & Job Search
  • College Search
  • Signing Up and User Profile Options
  • Blog
  • Mobile App
  • Referral Program

Book Rental Website UX Design 

Textbook rental marketplace should be designed catering to the target audience and feature rich to make the customer journey through the website more smooth and transparent.

A great example of a simple and neat web design would be Chegg.

Explore this article to know in the details about above mentioned points for running the website.

Yo!Rent is a leading rental eCommerce marketplace platform to launch a scalable marketplace with multivendor, renting & selling capabilities.