Book Cycle
LEVEL 3 - The Vinted of student books

The Vinted of student books

On the website there is an online 'location' where students buy and sell books. The site arranges the transfer of the money and books, so no need to meet up with several persons. Sellers still need to send the book using a mail service. The organisation can charge a commission for hosting the website.

Not too much hassle for students

Little work for Cudi's

Price flexibility

Commission is possible

Expensive E-commerce website

Still rather limited offer

Limited persuasion opportunities

Ease for students
25%
Work for Cudi
40%
Communication
25%
Second hand
12%


Important factors applied

We discuss each factor applied to this system.

Hand-in period

There is no hand-in period, as the students don’t have to hand-in their books.

Ease of buying

Easy to buy. On the site, it is easy to look for a book in the list with offerings. The website arranges the transaction details, thus there is very little work for the buyer. The seller still has to send their books using a mail service and the availability of books can be limited too.

Communication

It is possible to make advertisements for this way of offering second hand books, which can be done using social media, banners, QR-codes, mails or asking professors to spread the message.

Price flexibility

As a seller chooses his or her price and a buyer can make up for him or herself if it is a price he or she is willing to pay, the natural trade rules between buyer and seller remain maintained.

Filtering required

No filtering is required. As the students don’t meet up in person, the buyers can only make a choice of buying or not, based on pictures and price. It could happen that the quality is not as it was advertised by the seller. To minimise such things, a review system could be incorporated.

Storage

There is no storage required.

Transactions

The buyer pays to the organisation hosting the website, and this organisation pays the seller. Automating this process is expensive.

Commission

As the organisation intervenes with the transaction, they could charge for commissions.

Financial risk

There is no financial risk for the Cudi’s.




Contact Us

Mail: bookcycle@eventusleuven.be

About our non-profit: eventusleuven.be