In our survey of 532 college students, taken January – February 2013, we found that 83.6% of college students primarily buy their textbooks (new or used), while 16.4% are renting their textbooks. This respondent size has an error rate of +-5% as shown by Survey Monkey’s “how many people do I need to take my survey page“. And, based consulting with industry experts at CAMEX, we believe it could be closer to 20% of college students that primarily rent their textbooks in 2013.
How many college students rent their textbooks? Survey results for 2013.
Of the 87 students that said they primarily rent their textbooks, we asked them where they rent their textbooks. Not surprisingly, Chegg.com was #1. Followed closely by Amazon.com as #2, and their college bookstore as a close third.
Where are students renting their textbooks? Survey results for 2013.
Then we asked all respondents how likely they are to rent textbooks in the future. A shocking 56.3% of college students are moderately, very, or extremely likely to rent textbooks in the future.
How likely are college students to rent textbooks in the future? Survey results for 2013.
Here are a some additional interesting data points we collected from the survey:
- Of the students that are primarily renting: Why do you rent instead of buy? 94% said “Cheaper”.
- Of the students that are primarily renting: What portion of your textbooks are you renting? A majority rent 75% of their textbooks.
- Of the students that are primarily renting: How long do you rent your textbooks for? 9.5% said 60 days, 28.6% said 90 days, and 61.9% said 125+ days.
- Of the students that are primarily buying: Where do you buy your college textbooks? #1 was their college bookstore at 63.4%. #2 was Amazon.com at 55.0%. #3 was Half.com at 14.1%.
- Of the students that are primarily buying: Do you buy used or new? 52.7% buy used whenever possible, 32.7% a mix of used and new, and 14.5% buy new always.
- Of the students that are primarily buying: Have you rented textbooks before? 65.2% said NO.
- Of the students that are primarily buying: Why do you buy instead of rent? 58.6% said “More Convenient”.
Are you a college student? Do you like to take surveys for money? Well, if you fill it out our survey, you will have a chance to win a $100 Amazon.com Gift Card!
We are interested in learning more about the buy textbook versus rent textbook trend. This eight question survey asks some questions about whether you primarily buy or rent your textbooks, where, and why.
This survey and the $100 gift card instant win game expires February 28, 2013. Here is a link to the survey:
*Amazon.com is not a sponsor of this promotion. Amazon, Amazon.com, the Amazon.com logo, and the Amazon Gift Cards logo are trademarks of Amazon.com, Inc. or its affiliates. Amazon.com Gift Cards (“GCs”) may be used only for purchases of eligible goods on Amazon.com or its affiliated website Endless.com. GCs cannot be redeemed for purchases of gift cards. Except as required by law, GCs cannot be reloaded, resold, transferred for value, redeemed for cash, or applied to any other account. See www.amazon.com/gc-legal for complete terms and conditions. GCs are issued and ©2011 by ACI Gift Cards, Inc., a Washington corporation.
Here is an interesting trend that we’ve been seeing for a while now. The Google search trend for “rent textbooks” started taking off in 2009, and by January 2010 it had overtaken “buy textbooks”. Prior to 2008, the number of people searching for “rent textbooks” was virtually non existent.
Hello to our friends up north,
We get occasional inquiries on how people can sell used textbooks in Canada.
If you have at least 150 textbooks to sell, email us a list of ISBNS that you have available, quantities, and your asking price (specifying CAD or USD). Then we will see what we can do. We do have a Canadian shipping broker that can bring books across the border by the pallet. And, with the NAFTA Certificate of Origin there are no duties or taxes to do this.
Visit Cash4Books.net to get quotes in USD, and convert using the current exchange rate:
We have the capability to issue drafts in CAD, wire the money, or send money via PayPal.
PS – here are some recent textbook price quotes in USD: