how Quora works

Quora…How Does Goodreads Make Money…Otis Chandler, Founder of Goodreads.com

I’ve already posted about Quora once this week, so I’ll keep this one short. In case you haven’t heard, Quora is a new question and answer information/social network, and I’m really enjoying it. Very simple to join and easy to navigate. You can add questions of your own or answer previously posted questions by others. You can also interact by leaving comments to answers.

You never know what you’re going to find. Like this morning I found out how goodreads.com makes money. It’s actually something I’ve always been curious about. And, you get to see what Otis Chandler, founder of goodreads.com, looks like…the photo above is what was posted at the comment on Quora, so if it isn’t really Otis (you never know on the web), not my fault.

How does Goodreads make money?

Otis Chandler, Founder of Goodreads
Founder of Goodreads Goodreads
6 votes by
Joseph Quattrocchi, Spencer Thompson, Patrick Brown, (more)Joseph Quattrocchi, Spencer Thompson, Patrick Brown, Kevin Smokler, David Creechan and Colette Dill Lerner
We are a media business, and make money primarily on advertising and affiliate revenue (a cut of book sales from major booksellers such as Amazon). We work with all major book publishers and many mid-majors to help them launch their books to our audience of book readers. We are really focused on the problem of helping authors http://www.goodreads.com/author/… connect to readers – which is super important, especially as self-publishing and the internet are stripping away tradition book filters and ways people find books.