The eBook R/Evolution: <br />Where Do Campus Stores Fit In?<br />Presenter: Kelly Gallagher, RR Bowker <br />
the times they are a chang’n<br />
rate of…<br />motivation for…<br />direction of…<br />CHANGE<br />…in strategy<br />
Who’s problems are we looking to solve?<br />
Publisher?<br />Piracy<br />Used Books<br />Open-Source<br />Rentals<br />COGS<br />e-Book Transition<br />
Administration?<br />Funding<br />Enrollment<br />Faculty<br />Facilities<br />Tuition<br />
Bookstore?<br />Administration<br />e-tail<br />Off-Campus<br />Rentals<br />Faculty<br />e-Books<br />
Student?<br />Expertise<br />Convenience<br />Relevance<br />Requirements<br />Cost<br />
So looking ahead…<br />…how do we set strategies in times of uncertainty?<br />
Know the market trends…<br />Know the end user…<br />Know your value proposition!<br />
Know the market trends…<br />
19<br />Overview of Textbook Market for AY 2010<br />
Pop Quiz!!<br />
True or False?<br />For the first time on record, the textbook industry shrank ($$$) last year?<br />
22<br />The College Textbook market continues to grow in spite of dire predictions<br />
Multiple Choice<br />The average price of a new textbook in AY2010 was a) $74b) $84c) $94d) $104<br />
24<br />Students are Right: Textbook Prices Rising<br />
Multiple Choice<br />The used textbook market isa) >60%b) >50%c) >40%d) >30%of the total (units) market?<br />
26<br />Two Thirds of Units Sold are New Units<br />
27<br />Over 70% of Textbook Dollars Sold are New Units<br />
Career Texts are Keepers - Top 10 Disciplines with Lowest Used Book Rates<br />28<br />
Liberal Use of Used Texts -Top 10 Disciplines with Highest Used Book Rates<br />29<br />
True or False?<br />Math, English, and Science comprise the top 3 selling ($$$) disciplines?<br />
31<br />‘The Basics’ Top 10 Disciplines in Total Dollar Sales (millions)<br />
Jobs, Jobs, Jobs – Top 10 Growing Disciplines <br />32<br />
Liberal Arts Not Supported -Top 10 Declining Disciplines<br />33<br />
Multiple Choice<br />Psychology and ________a) Spanishb) Chemistryc) Biologyd) None of the aboveare the top selling ($$$) ...
35<br />101 - Psych & Spanish Top 10 Courses in Total Dollar Sales (millions)<br />
Speech & Biology TextsTop 10 Textbooks (ISBN’s) in Total Dollar Sales (millions)<br />36<br />
A Tale of Two Revenues – The “Myers” Intro to Psych Franchise <br />37<br />
Know the end-user<br />
39<br />Student Attitudes Study<br />The semi-annual survey focuses on college student perceptions related to educational ...
Multiple Choice<br />By the end of 2010 e-Books represented over ___%a) 5%b) 10%c) 20%d) 25%of the total book market.<br />
Overall eBook Trends<br />
Do readers really prefer digital?<br />Trade Publishing – After reading ‘e’<br />17% say that they prefer print<br />And 1...
Do readers really prefer print?<br />Other publishing segments have asked the same question…<br />Newspapers<br /><ul><li>...
Now 38% of iPad owners are reading digital magazines (Changewave Research)</li></ul>43<br />
What About E-Textbooks, <br />44<br />
Wide Arayof ‘e’Top 10 Disciplines with Highest e-Textbook Rates<br />45<br />
Multiple Choice<br />When given a choice ___%a) 55%b) 65%c) 75%d) 85%of students would choose print over text.<br />
47<br />Key Finding-Print vs. e-Textbook <br />75% of students preferred traditional printed textbooks over digital replic...
48<br />Students reported low satisfaction with e-Textbooks<br />© 2011, the Book Industry Study Group <br />
True or False?<br />Kindle, iPad, & Nook have now surpassed PC’s as the primary eText reading devices?<br />
Laptops remain the top device for reading eTextbooks<br />
Multiple Choice<br />Trade ‘e’ sales are expected to hit 25% by 2013. Most predict Higher Ed will reach that number ina) 2...
Higher Education Barriers to Rapid Digital Growth<br /><ul><li>Most new devices lack the computing power and functionality...
Most students are unlikely to purchase and carry multiple devices.
DRM
Tech-savvy does not = instant conversion
Digital Fatigue
Result: eTextbook and eResources sales are projected to be 25% of Higher Education Sales in 2016</li></li></ul><li>So wher...
Compete on the value propositions you know you can win on… & choose no more the two!<br />5 Core Retail Value Propositions...
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eBook Evolution (Revolution): Where Do Campus Stores Fit In? CAMEX College Bookstore Presentation

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Much of the book industry is hard at work developing and implementing digital strategies. But when will we experience the tipping point? How will this impact campus stores? And what do you do in the interim to prepare. In this presentation, Thought Leader speaker Kelly Gallagher, Vice President of Publishing Services at Bowker, provides his unique perspective on this industry “game changing” event. Kelly shares with you recently published data from the Book Industry Study Group (BISG) that examines both students and consumer book/e-Book behaviors and his insight on where e-books are headed. This presentation provides suggestions on what you can do now to prepare, Kelly Gallagher’s thoughts on potential roles for campus stores, and how you might make money along the way. This was presented on 2/26/11 at CAMEX 2011 for college bookstores.

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eBook Evolution (Revolution): Where Do Campus Stores Fit In? CAMEX College Bookstore Presentation

  1. 1. The eBook R/Evolution: <br />Where Do Campus Stores Fit In?<br />Presenter: Kelly Gallagher, RR Bowker <br />
  2. 2.
  3. 3.
  4. 4. the times they are a chang’n<br />
  5. 5. rate of…<br />motivation for…<br />direction of…<br />CHANGE<br />…in strategy<br />
  6. 6.
  7. 7.
  8. 8.
  9. 9.
  10. 10.
  11. 11. Who’s problems are we looking to solve?<br />
  12. 12. Publisher?<br />Piracy<br />Used Books<br />Open-Source<br />Rentals<br />COGS<br />e-Book Transition<br />
  13. 13. Administration?<br />Funding<br />Enrollment<br />Faculty<br />Facilities<br />Tuition<br />
  14. 14. Bookstore?<br />Administration<br />e-tail<br />Off-Campus<br />Rentals<br />Faculty<br />e-Books<br />
  15. 15. Student?<br />Expertise<br />Convenience<br />Relevance<br />Requirements<br />Cost<br />
  16. 16. So looking ahead…<br />…how do we set strategies in times of uncertainty?<br />
  17. 17. Know the market trends…<br />Know the end user…<br />Know your value proposition!<br />
  18. 18. Know the market trends…<br />
  19. 19. 19<br />Overview of Textbook Market for AY 2010<br />
  20. 20. Pop Quiz!!<br />
  21. 21. True or False?<br />For the first time on record, the textbook industry shrank ($$$) last year?<br />
  22. 22. 22<br />The College Textbook market continues to grow in spite of dire predictions<br />
  23. 23. Multiple Choice<br />The average price of a new textbook in AY2010 was a) $74b) $84c) $94d) $104<br />
  24. 24. 24<br />Students are Right: Textbook Prices Rising<br />
  25. 25. Multiple Choice<br />The used textbook market isa) >60%b) >50%c) >40%d) >30%of the total (units) market?<br />
  26. 26. 26<br />Two Thirds of Units Sold are New Units<br />
  27. 27. 27<br />Over 70% of Textbook Dollars Sold are New Units<br />
  28. 28. Career Texts are Keepers - Top 10 Disciplines with Lowest Used Book Rates<br />28<br />
  29. 29. Liberal Use of Used Texts -Top 10 Disciplines with Highest Used Book Rates<br />29<br />
  30. 30. True or False?<br />Math, English, and Science comprise the top 3 selling ($$$) disciplines?<br />
  31. 31. 31<br />‘The Basics’ Top 10 Disciplines in Total Dollar Sales (millions)<br />
  32. 32. Jobs, Jobs, Jobs – Top 10 Growing Disciplines <br />32<br />
  33. 33. Liberal Arts Not Supported -Top 10 Declining Disciplines<br />33<br />
  34. 34. Multiple Choice<br />Psychology and ________a) Spanishb) Chemistryc) Biologyd) None of the aboveare the top selling ($$$) courses?<br />
  35. 35. 35<br />101 - Psych & Spanish Top 10 Courses in Total Dollar Sales (millions)<br />
  36. 36. Speech & Biology TextsTop 10 Textbooks (ISBN’s) in Total Dollar Sales (millions)<br />36<br />
  37. 37. A Tale of Two Revenues – The “Myers” Intro to Psych Franchise <br />37<br />
  38. 38. Know the end-user<br />
  39. 39. 39<br />Student Attitudes Study<br />The semi-annual survey focuses on college student perceptions related to educational content in the higher education market. <br />Key areas of focus were to determine:<br />Rate of change and preference for digital texts<br />Value of content and learning platforms<br />Illicit behaviors with content<br />It is powered by Bowker's PubTrack Consumer Panel, the publishing industry's exclusive resource for understanding buying behavior.<br />The online survey polled 1505 college students drawn from a nationally representative panel. <br />
  40. 40. Multiple Choice<br />By the end of 2010 e-Books represented over ___%a) 5%b) 10%c) 20%d) 25%of the total book market.<br />
  41. 41. Overall eBook Trends<br />
  42. 42. Do readers really prefer digital?<br />Trade Publishing – After reading ‘e’<br />17% say that they prefer print<br />And 17% say that they were not satisfied with the digital display<br />66% report they are generally satisfied with digital books<br />42<br />
  43. 43. Do readers really prefer print?<br />Other publishing segments have asked the same question…<br />Newspapers<br /><ul><li>61% of people now read news everyday on the Internet vs. 50% who read newspapers (Pew Project)</li></ul>Magazines<br /><ul><li>3 years ago only 1.5% of subscribers selected digital replica consumer magazines
  44. 44. Now 38% of iPad owners are reading digital magazines (Changewave Research)</li></ul>43<br />
  45. 45. What About E-Textbooks, <br />44<br />
  46. 46. Wide Arayof ‘e’Top 10 Disciplines with Highest e-Textbook Rates<br />45<br />
  47. 47. Multiple Choice<br />When given a choice ___%a) 55%b) 65%c) 75%d) 85%of students would choose print over text.<br />
  48. 48. 47<br />Key Finding-Print vs. e-Textbook <br />75% of students preferred traditional printed textbooks over digital replica e-textbooks.<br />Like the look and feel of print<br />Potential for permanence of ownership<br />Opportunity for resale<br />
  49. 49. 48<br />Students reported low satisfaction with e-Textbooks<br />© 2011, the Book Industry Study Group <br />
  50. 50. True or False?<br />Kindle, iPad, & Nook have now surpassed PC’s as the primary eText reading devices?<br />
  51. 51. Laptops remain the top device for reading eTextbooks<br />
  52. 52. Multiple Choice<br />Trade ‘e’ sales are expected to hit 25% by 2013. Most predict Higher Ed will reach that number ina) 2014b) 2015c) 2016d) 2017<br />
  53. 53. Higher Education Barriers to Rapid Digital Growth<br /><ul><li>Most new devices lack the computing power and functionality required by students.
  54. 54. Most students are unlikely to purchase and carry multiple devices.
  55. 55. DRM
  56. 56. Tech-savvy does not = instant conversion
  57. 57. Digital Fatigue
  58. 58. Result: eTextbook and eResources sales are projected to be 25% of Higher Education Sales in 2016</li></li></ul><li>So where does this leave us?<br />
  59. 59.
  60. 60. Compete on the value propositions you know you can win on… & choose no more the two!<br />5 Core Retail Value Propositions<br />Price<br />Service<br />Convenience<br />Selection<br />Relationship or Experience<br />
  61. 61. Student & Bookstore Affinity – what values are you already winning on?<br />Source B&N College<br />
  62. 62.
  63. 63. Keeping Perspective<br />
  64. 64. Multiple Choice<br />My Alma Mater is…a) The College of New Jerseyb) Yalec) Northern Arizona U.d) University of Houston<br />
  65. 65. Kelly Gallagher<br />VP Publishing Services<br />Bowker<br />Kelly.Gallagher@Bowker.com<br />www.pubtrackonline.com<br />60<br />Thanks!<br />

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