Technology is connecting people like never before. People are now using their cars to become part-time taxi drivers, renting out their homes to complete strangers and employing people on the other side of the world to lodge tax returns.
The rise of the collaborative economy is transforming the way we live and has already shaken up a handful of industries. It was only a matter of time before the education sector came into its sights and one company set to disrupt this monolith is Nexus Notes.
Nexus Notes is an online marketplace that allows the best students to sell their course notes to others. Started by Hugh Minson and Richard Hordern-Gibbings, the site allows top students to sell notes for $35 and pocket 50% commission on each sale.
Flashback: Richard Hordern-Gibbings, Xavier Collins and Hugh Minson from Nexus Notes in the early days of launching their disruptive site
This has come as a huge windfall for students who are now earning between $1-2k a semester for work that was once just sitting on their hard drive.
The founders believe that the best students make great teachers. Their site allows all students, irrespective of their network or contacts, the opportunity to better their grades. The model has been likened to tutoring, however, authors of Nexus Notes earn uncapped passive income irrespective of time commitments or their location.
Co-Founder and Business Development Manager, Xavier Collins, said of the site “People have already done the hard work in preparing for their course and now they can unlock that dormant value by uploading their content to the site in about 30 seconds.”
Notes are sold at a the fraction of the price of textbooks and can often be more relevant for the exam so are incredibly useful to future students.”
Off the back of their early growth in Australia and New Zealand, Nexus Notes has now launched in the U.S. with big plans for the rest of 2015.
“We see notes as a fantastic entry point into an exciting opportunity to allow the best students to become truly great teachers.”
The advent of services such as Nexus Notes raises interesting questions about the future of education more broadly. Could it be the case that student-led learning will become the norm? Are public lectures, for example, set to die?
We want to hear your thoughts. Is peer-to-peer learning here to stay?
Have notes of your own you want to upload? Check Nexus Notes out here.