The 'Spoolu' Platform Creates a P2P Network for Books
Michael Hemsworth — January 26, 2019 — Tech
College textbooks are notoriously expensive to purchase new, so the 'Spoolu' platform is positioned as a solution for students that will enable them to find a fellow classmate who is looking to offload theirs at a low rate.
Acting as a marketplace for textbooks, the platform lets students sell, buy, rent or trade books all from one convenient spot that is solely based on being student-to-student. After a transaction has been agreed on, students can meet up on campus to settle up instead of needing to do any shipping.
The 'Spoolu' platform is a cost-effective way for students to save big when it comes to their book budget, while also acting as the perfect spot for graduates to sell their collection when graduating.
Acting as a marketplace for textbooks, the platform lets students sell, buy, rent or trade books all from one convenient spot that is solely based on being student-to-student. After a transaction has been agreed on, students can meet up on campus to settle up instead of needing to do any shipping.
The 'Spoolu' platform is a cost-effective way for students to save big when it comes to their book budget, while also acting as the perfect spot for graduates to sell their collection when graduating.
Trend Themes
1. Peer-to-peer Textbook Marketplaces - The growth of peer-to-peer textbook marketplaces, like Spoolu, shows a disruptive innovation opportunity for online marketplaces to provide an affordable alternative to traditional textbook vendors.
2. Campus Peer-to-peer Marketplaces - The growth of campus-focused peer-to-peer marketplaces, like Spoolu, shows a disruptive innovation opportunity for online marketplaces to provide community-oriented platforms for students.
3. Textbook Trading Platforms - The growth of platforms that enable textbook trading, like Spoolu, shows a disruptive innovation opportunity for startups to create sustainable sharing economy business models.
Industry Implications
1. Education - The education industry can leverage peer-to-peer textbook marketplaces to provide an affordable and equitable educational experience for students.
2. E-commerce - The e-commerce industry can leverage campus-focused peer-to-peer marketplaces to capture a niche market of student consumers who prioritize affordability and community.
3. Sharing Economy - The sharing economy industry can leverage textbook trading platforms to provide solutions for sustainable, cost-effective and community-based consumption of resources.
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