Desklib is an online library for study material with solved assignments, essays, dissertations, and more. It offers textbooks at discounted rates, a reading place for discussions, and a library for note-taking. Channels include direct selling and online delivery.
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INTRODUCTION College students have to bear the brunt of inflationin the form of increased books prices Textbooks constitute a costly proposition for students The social venture involves the buying of the old textbooks from the students passing out and selling them to the new students at discounted rates.
CUSTOMER SEGMENTS The customers would be those students who have just joined the university Alternatively, anyone who is interested in buying textbooks would be the potential customers of the business. Faculties and teachers of the university or other educational institutions can also be the customers
VALUE PROPOSITION Offering textbooks at a very discounted or nominal rate than the market price A small reading place where the students can have a small discussion over some difficult topics. The place will also serve as a library where people can jot down notes from the books
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CHANNELS Direct selling from the shop Alternatively, a free delivery option is there for deliveries done within a radius of 5 km. For people who are interested in buying online, the business will feature their product on Amazon to deliver the books to the customer
CUSTOMER RELATIONSHIPS Word of Mouth–students are the primary customers, who will spread the services provided by the business The dispersing of pamphlets and leaflets in the campus around the store Promotional activity will be done in the bookstore such as an evening band session of the local students which will attract the young crowd to the store.
REVENUE STREAMS The mains revenue will be coming from the sale of the books minus the cost incurred in procuring them from the students. Alternatively, the store will also be housing ancillary products and services of the interest of college students such as coffee machines, refreshment, CDs, DVDs and stationeries, which will be charged to the students.
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KEY RESOURCES Capital for procuring old books and renting out a physical store Furniture and fixtures for the store – bookshelves, table, chairs etc. Coffee vending machine Computer and other hardware Vehicle for delivering books
KEY ACTIVITIES The main aim of the social venture is to offer textbooks to the students and faculties of the university at a nominal rate Additionally, the store would also be providing library facility to the students such as offering internet services, also offer the purchase of stationeries and refreshments
KEY PARTNERSHIPS Old students will be selling their used textbooks to the business. The new students would be the potential customers The local bands will be given the opportunity to come to store and perform their acts, thus, gain popularity not only for themselves but even for the bookstore
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COSTS The main cost would be renting out space for the physical bookstore The next task would be the cost involved in procuring the bookstore which is the primary product of the business Additionally, the procurement of the furniture and fixture and hardware like computer, printer, vending machine etc.
CONCLUSION The venture of buying old book and selling them to new students at concessional price is a social service towards the students and take the burden of inflation away from their shoulders The students can use the store to study for their course and also make up as a small hangout joints for the students Even faculties and professors can make use of the textbooks available at nominal rate
REFERENCES Public Research Universities: Understanding the Financial Model. (2019). Retrieved from https:// www.amacad.org/publication/public-research-universities-understanding-financial-model Esposito, E. (2019). How to boost revenue at your university. Retrieved fromhttps:// www.ricoh-usa.com/en/insights/library/articles/how-to-boost-revenue-at-your-university Badkar, M. (2014). College Textbook Inflation Is Out Of Control. Retrieved fromhttps:// www.businessinsider.in/College-Textbook-Inflation-Is-Out-Of-Control/articleshow/34169843.c ms