12/1/2023 0 Comments Jetta booku french![]() Image credit: Bookuįrom supervising to managing the business, the team needs to please both sides of the coin. “We will be running plenty of roadshows in both public and private universities starting from July 2017 to sign up more book owners with textbooks and reference books,” he explained. That is still an ongoing challenge that they’re addressing. Once they had their list, they jumped into action to find owners who are willing to rent those books out. They chose to focus on this genre as they noticed how expensive buying-or even renting-academic books are. “We have already built a list of 2,000 textbooks and reference books based on Malaysian public universities,” Siva mentioned. Siva and his team are currently building the platform to be catered for those searching for academic texts and reference books. Booku focused on covering niche target markets before expanding their varieties. “Recurring bad behaviour can result in the book owner or book renter to be blacklisted from the platform,” said Siva. There’ll be different actions taken depending on the severity of the issue. This is to ensure that the books-and users-remain accountable within the community. They only charge the daily rental rate (set by the book owners themselves) to the customers and no additional deposit fee will be imposed.īooku also implements a 2-way rating system for the users. Unlike rental stores such as SS Readers Corner where you’re expected to pay a deposit of the original price of the books upfront, Booku has a unique system of their own. The revenue is then used to maintain the platform and provide further assistance and support for the users of Booku. The social element of this platform also plays a vital role in forming the core idea as it allows users to give recommendations, have discussions on different topics, and share their personal reading lists.Īs they are just a middleman between the book renters and rentees, Booku monetises through the small amounts deducted from the revenue of the book owners and topping up the fees charged towards the rentals. The core concept is a simple one-to let book lovers enjoy a variety of reads at a cheap rate as well as to share and generate income with their own collection of books. They aspire to be the largest library in the world-without owning a single book in hand. Within 5 months, they launched the online platform-Booku. With that vision in mind, he created his company with 4 co-founders in 2016. “I wanted to buy another book from the bookstore at the airport but I thought how nice it would be if I could just share this book with someone at the airport who would be interested and I could get the book shipped to me later.” “Whenever I travel, I always carry a book with me and it was during one of my travels to KK that I got the idea to develop this business,” Sivanathan Subramaniam, founder of Booku, explained. During a short wait in the airport, Siva was struck by an idea. ![]()
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