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Online book rentals are becoming increasingly popular among university and college students. Your bookstore can become an early entrant to this new model, and your students will thank you.
According to the report of Education Data,
“An average estimated cost for purchasing college textbooks is around $628 to $1,471 annually.”
An innovative book rental software helps you to manage your textbook rentals, offering options from as short as a day to the full academic year.
Many educational institutions already book rental departments where students can rent textbooks at low rates for the duration of an academic term. Commercial providers can get into the business without a complete replacement of their current point of sale system.
This article shares the importance of intuitive textbook rental software for running a textbook rental business efficiently and effectively.
So, let’s jump into the core sections of this article.
Integrating textbook rental software allows you to manage your textbook rental business automatically. Without adopting automation, your business could lose track of rentals, resulting in a significant replacement cost of supplies to satisfy the next semester’s needs.
In this segment, you will be informed about how textbook rental software can help take your rental business to the next level.
Most textbook rental software comes with an online storefront, allowing students to place orders immediately (and from anywhere). The online store also displays an availability calendar to allow businesses to offer only books that are available, avoiding the issue of overbooking (and unhappy staff and students).
Your customers and staff can look up a specific book by course number, keywords, authors, titles, professors, and even ISBNs. As a result, you’ll get fewer inquiries from customers about which books are available.
Selecting a solution that offers your business the freedom to connect with your current processor will minimize the tasks necessary to add a new textbook rental system to your business.
Moreover, customers can even save their credit card information online so they won’t have to enter it each time they make a purchase. This provides a smoother rental transaction and speeds up the order process.
You can streamline your order management process by integrating textbook rental software throughout the complete process, from booking to return.
A smart ordering module is included in book rental software solutions so you may rent out multiple book assortments to students while keeping track of your orders.
The system your selection should also permit your business to create invoices, monitor book delivery, and collect online payments from students.
Real-time Inventory Tracking & Overview
Book rental software allows you to check the overall inventory availability for periods report based on daily, weekly, and monthly. Therefore, you will get a real-time report and understand which books are available in your stock.
Moreover, you can also handle the book repairing period through this automation, because when you schedule a book for repair, the booking calendar will reflect that the item is withheld from availability until the repair is completed.
Automation is key to efficiently contacting students with reminders of upcoming return dates. As your textbook rental business grows, devoting staff to chasing students will become too time-consuming for your business.
To simplify the process, you may create templates (personalized for each student) and dispatch automatic confirmations and reminders.
It is reasonable to assume that students will not be returning to campus in the numbers they did in previous semesters. Many will take advantage of new “remote learning” tools to participate in lectures and classroom discussions.
In addition to relying on tools like Zoom to participate in the lessons, students expect other online ways to “round out” the related needs of the learning experience.
But how will students get the essential supplies they need from local businesses that serve students, like bookstores and other campus services? The answer for your bookstore is book rental software.
RentMy.co makes it easy for college & university bookstores to rent or sell textbooks online, providing students with easy access to the resources they need to get the most out of their remote education.
Connect your bookstore website directly to the RentMy inventory management system, which means that you will never overbook or over-sell inventory to your customers.
Even the included RentMy Point-of-Sale (POS) system shows your staff real-time stock levels of everything in your inventory. Moreover, the RentMy barcode lookup feature makes it easy for bookstores to scan products to find availability and pricing with ease.
As a natively mobile-friendly website, your student customers can browse your selection on their phones and place their orders securely with just a few taps. They will also instantly receive a text message with their order confirmation and receipt.
When your business activates shipping as a fulfillment method, your customers can also track their shipment right to their front door.
RentMy offers lots of controls to organize books by author, ISBN, course name/ID, campus, Professor, and more. You can even offer “packages” of books, study guides, notes, and more.
As a result, students can easily find the titles they need for their classes, and your bookstore website provides a simple, secure checkout experience for both rentals and sales.
We know that the college bookstore experience is about more than just books. That’s why RentMy offers the robust eCommerce system you need to merchandise your inventory, from notepads to sweatshirts and more, all in a secure online ordering experience.
With the RentMy “Recommended Products” feature, you can up-sell to customers with intuitive, relevant offers that helps your bookstore increase the average order value.
You don’t need to be a website developer to get your bookstore online and ready for rentals and sales. Free, US-based support is included with your RentMy account, so anytime you have a question, you can get the help you need.
RentMy offers helpful advice, tips & tricks, and a bunch of other support to help you get the most out of your eCommerce bookstore.
This textbook rental software can help your college bookstore adapt to the changing landscape of the college/university experience. Quickly and easily add online rentals and sales to your business and adapt in a way that students, professors, and parents will appreciate.
The textbook rental business is one of the most profitable businesses in the US. To enter the market, you’ll need to integrate textbook rental software that was built for managing semester-long automated management of your textbook rentals.
From easy inventory management, a full-featured point-of-sale system, and a complementary eCommerce website, everything you will get in textbook rental software.
So, you will gain full shelf control of your book rental business because it provides everything that college bookstores need to prepare for students’ upcoming classes.
In the dynamic landscape of retail and consumer preferences, businesses must constantly innovate to stay ahead. One strategy gaining popularity is the integration of rental
Ready to bring Enterprise-scale equipment rental management? Learn how RentMy has delivered Enterprise Equipment Rental Inventory Solutions since 2008. Pick the trusted solution to offer equipment rentals on your terms and compliant with your processes.
Online booking, delivery, packages and everything else you need to manage and grow your rental company
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