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.

Quora: Could This Be the New Facebook?

I found a great new social network today called Quora, which you can check out here.

And frankly I’m surprised I haven’t seen more buzz about this site on facebook and twitter. I’ve been on it for a couple of hours this evening, when I should be working on back cover copy for a new book, and I can’t stop checking out the questions and answers.

From what I can tell, and humor me now because I’m still new at Quora, it’s a social network where people post questions about everything and anything and other people answer them. I’ve already checked out important information on topics like Nutella, vodka, and chocolate chip cookies. And I can’t wait to read more about cupcakes tomorrow.

But it’s not all fun and games. There are some serious questions and some serious answers. The only downside I’ve found so far is it takes a while to bring the page up. And, unfortunately, whether or not the answers to any of the questions are correct is up for grabs. I know, just what we need, more inaccurate info on the web. But it is fun and I’m going to stick with it for a while.