ENTRIES TAGGED "Otis Chandler"
Tremendous potential, but will Amazon take full advantage of it?
I decided to wait a few days before writing about Amazon’s acquisition of Goodreads. I wanted to let the dust settle before weighing in with my own opinion. Now that I’ve had some time to mull it over, here’s what I think: This has the potential to be a game-changer that could be the next, and possibly final, nail in the coffins of other ebook retailers…but only if Amazon actually does something with the Goodreads platform.
Goodreads CEO Otis Chandler on how Goodreads engages its more than 15 million registered users.
Last week, O’Reilly GM and publisher Joe Wikert reviewed Goodreads’ CEO Otis Chandler’s TOC session, in which Chandler presented the results of a recent Goodreads readers survey. One of the interesting pieces from the survey covered the effectiveness of Goodreads reviews. In relation to Gone Girl by Gillian Flynn and The Night Circus by Erin Morgenstern, 58% of surveyed readers said they bought Gone Girl because of Goodreads reviews and 52% said they bought The Night Circus because of Goodreads reviews.
The more interesting bit here, though, might be the sheer number of Goodreads reviews of each book: according to Chandler’s presentation slide, Gone Girl had 34,200 reviews and The Night Circus had 22,000. Compare that to the number of Amazon reviews (as of the time of writing) of 8,557 and 1,996 respectively.
I had an opportunity to sit down with Chandler during the TOC conference to talk about the Goodreads platform and how it has managed to become so engaging with its more than 15 million registered users. Chandler says the platform started with a mission of discovery but has evolved and become its own community:
“I think, first of all, our mission is book discovery. We’re basically in the business of helping people find good books and helping them share those books with friends. That’s something that people innately want to do, so we’ve created a place where you can connect to friends, browse all their bookshelves, find a ton of good books through that, and that was really the genesis of the site was to discover good books through your friends.
Some of the Goodreads member survey results will surprise you
You might recall an article a few months ago that asked the question, “What do readers want?”. It was a call for publishing types to submit questions that Goodreads could ask their members. Your questions ultimately formed the basis of the Goodreads member survey.