Niche Biz: Digital Textbook Rentals

If you want to make some money, tap into something a starving college student will pay for. That is exactly what Amazon is doing with their recent digital textbook rental launch.

Students who cannot afford to buy their textbooks can now rent the digital version for a set price with a minimum rental period of 30 days, reports The Kansas City Star.

Amazon.com Inc. on Monday said it launched a program in which college students can rent digital copies of “tens of thousands of textbooks” at a fraction of the cost of buying them.

The online retailer said the rental fees could be as much as 80 percent lower than the purchase price. Students can rent a textbook for as few as 30 days or up to 360 days, with fees based on how long the book is rented, Amazon said.

Rentals can be read on Amazon’s Kindle e-reader, as well as Macs and PCs that have the Kindle app. They can also be read on smartphones and tablet computers running the Apple iOS, Microsoft Windows Phone 7 and Google Android operating systems.

Once the rental period is up for a textbook, students can choose to purchase books or rent them again for a period of as little as one extra day, Amazon said. Among publishers offering rentals through Amazon are John Wiley & Sons Inc., Elsevier and Taylor & Francis Group Ltd.Amazon.com Inc. on Monday said it launched a program in which college students can rent digital copies of “tens of thousands of textbooks” at a fraction of the cost of buying them.

The online retailer said the rental fees could be as much as 80 percent lower than the purchase price. Students can rent a textbook for as few as 30 days or up to 360 days, with fees based on how long the book is rented, Amazon said.

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