Flat World Knowledge, an open
source textbook publisher offering free online texts and for-pay supplements,
is launching an initiative to attract college bookstores to its publishing program.
Flat World Knowledge has reached agreements with Barnes & Noble College
Bookstores, Follet and the National Association of College Stores (Media Solutions)
to distribute its textbooks through their member college bookstores beginning
in August 2010. The agreement will make FWK's textbooks potentially available
through nearly 4,000 college stores.
The agreement also features a
pilot program offering Flat World Knowledge textbooks through a print-on-demand
venture that will launch at the University of Washington Bookstore and the San
Diego State University Bookstore, among others, in August. The agreement will
provide the schools with digital files of FWK textbooks, which are priced as
much as 75% lower than conventional textbooks. The POD print versions of its
free online textbooks can be ordered, produced and picked up the same day.
Bryan Pearce, CEO, University
Bookstore Inc. at Washington University, said, the pilot program will "reduce the cost of materials for our students," and added, "the print-on-demand
option will save bookstores time and money and eliminate the expense of
shipping unused books back to the publisher."
Flat World Knowledge is an unusual
textbook publishing venture that offers free access to its online textbooks
while selling a variety of supplementary materials, including, downloadable
chapters, audiobook chapters and study guides. FWK's open source model allows
professors to customize and revise their texts-they can add, remove or remix
content as they please-up to
within days of the beginning of a class. The company works to attract student
consumers by providing content in a variety of formats and sizes at affordable
prices. The firm's downloadable content is available for virtually any device
from laptops to mobile devices and FWK also sells low-cost black and white
($30) and full color ($60) print versions of its textbooks.
Although the bulk of FWK sales are
made directly to students through its Web site, Eric Frank, founder of Flat
World Knowledge , said the company, "looked at the bookstore channel and tried
to figure out what role they can play." Frank said that many students still use
the college bookstore. "If it's a student receiving financial aid, then they've
got to go to the college bookstore. So with our program we can offer stores a
fast turnaround on our titles; the store becomes another choice available to
students and there's a healthy profit margin for the stores. It keeps students
coming in the store and the textbooks are cheaper. It's a win win."
Although the pilot programs will
start in summer school, Frank said he expects to have 40 to 50 stories selling
FWK textbooks by the fall semester.
Mark Nelson, v-p at NACS Media Solutions, praised the FWK program and said that it "is providing necessary innovation that could make the open textbook movement more viable and lead to other fundamental changes in the textbook market."