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March 14, 2007

BookSwim: Netflix for Books?

According to The Star-Ledger, BookSwim, which hopes to become the "Netflix of books," is scheduled to launch any day now: "A Trip to the Library, Just Outside Your Door."

It's an interesting concept, and I wish them the best of luck since the founders are a pair of Jersey boys. But, come on, $15 to $20 a month for book rentals? Are they serious? I mean, I understand how people make Netflix or Blockbuster Total Access worth the price. Watching a movie takes only a couple of hours, so such rentals can be mailed back on the same day they're received.

Books, on the other hand, require a longer commitment for most people. I'm not sure if anyone—besides speed readers—would be able to return rentals fast enough to come out ahead on the BookSwim membership cost. With the same amount of money and some smart shopping, I could easily buy three or four books a month and keep them forever. Free from the public library is an even better deal.

Or I could be totally wrong. It will be interesting to see how this venture makes out.



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Hmm...interesting concept. Not really, since what I mostly enjoy about going out and finding a book is spending my time inside the book store or the library...something about being surrounded by books and book stuffs, not to mention people!

I'm guessing that their customers could potentially be shut-ins, people who don't want book clutter everywhere, or those too busy to book shop or visit libraries. Even so, I don't think most people read enough to get enough value out of the BookSwim cost.

That said, I think their business model would work better targeted as rentals for kids. Busy parents who want their children to read might be an easier sell for the membership fee. Kids would enjoy creating their online reading lists and surely would eagerly anticipate receiving their next package in the mail. Plus, reading regularly, taking care of a loaner, and returning rentals are all valuable lifelong lessons in responsibility.

Hello!
Interesting comments you have about BookSwim. Did you know that the average price of a best seller is $22.07? That means if you read just THREE books per month, that's over $60 per month on READING! (assuming you buy). If you go to the library, they often don't have the largest selection and library hours are not very convenient for most working people.

I agree with you on one thing however, if you don't read enough, the service is not worth your while.

Thanks for the stimulating conversation!

Shamoon Siddiqui
COO, BookSwim Corporation

Shamoon, thanks for stopping by and leaving a comment. When I read the article in The Star-Ledger, I immediately balked at your proposed monthly fee because Booksfree, your one competitor, charges $8.49 for two paperbacks at a time. Since you mention the $20+ price of a bestseller, I'm guessing that your catalog will focus on frontlist hardcover rentals. Doing so would be a good idea; every book buyer I know bristles at the cost of keeping up with the newest notables.

Seriously, I honestly think you should look into doing rentals for kids or at least offer some children's books to see if they move. Parents, especially the busy and overwhelmed ones, will pay practically any price to better their children.

From one New Jerseyan to another, I sincerely hope your enterprise succeeds. It will be interesting to see what you do have to offer when your web site is fully up and running.

Hello marrydell,
We will carry hardcovers as well. That's one of the reasons for the price differential. I don't want to get into a debate about Booksfree at this point. They are a great company and in fact, until BookSwim came around, I was actually a Booksfree member.

We've definitely taken a lot into account with regards to the children's book market and your suggestions are noted. There are a few issues with childrens books, but we'll do our best to accomodate.

Keep this dialog going, it's extremely interesting!
Shamoon

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