Your library probably supports faculty in relation to grants. ROI (Return on Investment) might be something to look at it. Just do a Google search or in LISTA for
return on investment academic libraries.
We haven’t been asked to justify our existence as yet but I could offhandedly mention that a professor got a big flashy grant without checking that the library already subscribed
to the database she needed. So we had to pick up a fairly substantial subscription to a database. We are also cost-sharing an expensive grant database.
On another note: We subscribe to two databases for the career center, which helps them place students with internships and in finding jobs, which in turn hopefully creates
successful alumni.
If you’ve been pursuing consortial deals, cost-cutting format changes, and that sort of thing, you can present a good faith effort of trying to be frugal in the face of large
database and journal increases.
Good luck!
Diane Westerfield, Electronic Resources & Serials Librarian
Tutt Library, Colorado College
diane.westerfield@coloradocollege.edu
(719) 389-6661
From: Serials in Libraries Discussion Forum [mailto:SERIALST@LISTSERV.NASIG.ORG]
On Behalf Of Carissa Hernandez
Sent: Thursday, April 20, 2017 1:39 PM
To: SERIALST@LISTSERV.NASIG.ORG
Subject: [SERIALST] Revenue generating academic libraries
Dear all,
I have been tasked to research ways in which an academic library could possibly be a revenue producing entity at a small university. I have done a literature search, but thought I would pose this question to the collective wisdom (Apologies
for cross-posting).
Any libraries out there that have engaged in revenue generating activities and what have these activities been? What ideas did you come up with? How successful were they? What was more trouble than it was worth? What can a library expect
to generate (at best)?
with thanks,
Carissa
Catalog Librarian
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