Re-blog of chrismcmullen’s post:
Advertising: Amazon vs. Goodreads
Since KDP introduced Advertising Marketing Services (AMS) for KDP Select books earlier this year, I’ve placed 50 ads on a variety of nonfiction Kindle e-books.
I’ve also placed over a dozen ads with Goodreads. It’s interesting to compare the two options for advertising e-books.
There are two great things about advertising right on Amazon’s website or on a Kindle device (both are possible with AMS via KDP):
Many of the customers who see your ad are already shopping for other books, i.e. they are looking for books to read, they have their wallets out, and they are ready to spend money.
Since they are already on Amazon, your ad isn’t interrupting some other activity and trying to persuade customers to leave one site to visit another.
If you advertise at Goodreads with a link to your Amazon product page, you’re asking readers who were busy doing something else at Goodreads to stop what they were doing and visit another site all together.
You could instead advertise at Goodreads with a link to your book’s Goodreads page or a giveaway page, but if your ultimate goal is a sale, that’s an indirect way to go about it.
However, the way the self-service advertising options are presently setup, Goodreads ads seem to have an advantage with branding. We’ll return to this important point later.
The targeting options are considerably different with Amazon and Goodreads advertisements.
Amazon offers two kinds of targeting with AMS via KDP:
Interest targeting competes for ads based on category. Amazon has recently improved interest targeting by adding subcategories. Some books do fall nicely into one of those subcategories, but those subcategories are still too broad for other books, especially in nonfiction.
Product targeting lets you search for specific books or other products by keyword. Amazon has an advantage here, as Goodreads doesn’t offer keyword targeting, nor does Goodreads let you target specific books, nor does Goodreads let you target other products besides books (like movies).
Goodreads also offers two main kinds of targeting:
Goodreads also has categories to choose from, but these tend to be very broad.
I prefer not to select any categories, but to target by author instead. Visit Amazon and search for very popular books that your specific target audience is likely to read. Then enter those author names at Goodreads to target readers of those authors.
A great thing about Goodreads is that when you target specific authors, they will show your ad to Goodreads readers who have given those authors high ratings.
Imagine if you could target customers at Amazon who rated similar books 4 or 5 stars. You have to love Goodreads for this option.
I try to avoid other targeting options at Goodreads, such as gender, age, or country, since some accounts may not have selected an option.
for the full article please follow this link to chrismcmullen’s blog