Recap of Power Point Presentation--How to Reduce the Cost of Textbooks to Students

Seattle Community College District
Textbook Presentation
Lori Schmit, Director of Stores
Russell Markman, Director of Marketing
Wednesday, March 4, 2009
Barnes & Noble College Booksellers
What we can do to reduce the cost of textbooks for students

Curbing or reducing the cost of textbooks to students is one of the Seattle CC Bookstores key priorities and a big concern for everyone.
By working together we can lower the cost of textbooks for SCCD students.
Drawings for four $25 Barnes & Noble gift certificates!

A few textbook facts:
SCCD "USED"Textbook sale are $1,115,836. Up 8.8% %, $89,827 from Last Year.
SCCD "NEW"Textbook sales are $3,049,733. Up 3.7%%, $109,508 over Last Year.

Winter Quarter Book Orders – Recap
Book orders for the Winter Quarter were due:
October 23, 2008
Total numbers of book orders received for Winter: up 6% from last year
We received 25% of orders by October 23rd.
We received 82% of orders by 1stday of final exams.
We received 91% orders the week before the 1stday of class.
We received 97% orders after the 1stday of class.

Bookstore Text Order Goals for Spring ’09.
Book orders were due January 30th
by Jan. 30:17%
February 15th:53%
March 1st:74%
Why?
Early Book Orders = more used textbooks for SCCD students.
Allows the bookstore to purchase Used textbooks from:
SCCD Students at the end of the Winter quarter. (Buybackdollars to students: May 1, ’08 through March 1st, 2009: $374,812.)
National Used Book Wholesalers.

Buyback & the ‘Net Cost’ to a student
Example: Lay, Linear Algebra w/ CD
New Price:$151.45
Buyback Value $44.00 (when NOT used following term or missing essential components)
Net Cost to Student:$107.45
Buyback & the ‘Net Cost’ to a student
Lay, Linear Algebra – Text Only
USED Text Price:$141.35
50% Buyback value when used the following semester:$70.75
Net cost to student:$70.60

SCCD Textbook Stats
We can lower the cost of Textbooks by:
Using the same book for multiple quarters (where appropriate).
Unbundling packages.
Digital Textbooks:
66 titles were offered in digital format this Winter ’09 quarter.
Anticipating 50+ titles for Spring Qtr. ’09.
Digital textbooks are 30% off the new textbook price.
Are downloaded to the student’s computer
Digital titles can not be sold back to the Bookstore.
Seattle Community College District
Questions?
Feedback?