Connecting book lovers, one story at a time.
The second-hand book market is a multi-billion-dollar industry, but it has traditionally been dominated by brick-and-mortar stores and online marketplaces. However, the rise of peer-to-peer (P2P) platforms has revolutionized the way people buy and sell second-hand books. Peerreads aims to provide a secure and convenient way for individuals to trade books with one another.
The generation that reads the most are the millennials (26-40). Nowadays 75% of millennials are ecoconscious which influences their purchasing habits, such as a growing demand for vintage. This trend has increased the demand for second-hand books as research has shown that more than half of the consumers within the US & UK choose to buy more second-hand than new books. As mentioned earlier, the second-hand book market is dominated by brick-and-mortar stores and online marketplaces. Due to an extra supply chain in the flow of these books, you end up paying more than necessary.
The solution to this is to cut of this extra supply chain in the flow, by using a peer-to-peer concept. This P2P second-hand book trading platform will connect buyers and sellers from all over Europe, allowing them to trade and purchase second-hand books from one another. Most of these P2P platforms are not made specifically for buying or selling second-hand books. As a result, looking for a new book to read is an extensive process this way, as people will make use of other tools to improve
this. Peerreads will stand out by improving the search and purchase process through a userfriendly interface that is easy to navigate and giving the users book recommendations based on their reading preferences. It will also include tools such as tracking their purchases, manage their listings and a build-in chat function to communicate with other users.
The platform will also provide several key features that will set it apart from traditional bookstores and online marketplaces. First, it will offer a more personalized experience by enabling users to create profiles and follow one another. This will facilitate social connections among book lovers and helps building a community around the platform. Second, it will provide users with access to a wider selection of books than they would typically find in a physical store or on a traditional e-commerce platform. Third, provides the user with the option to trade books instead of selling them. Finally, it would be a more sustainable way to purchase books by keeping them in circulation.