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Does giving away your books lead to more readers, and in turn, more fans? A few weeks ago I conducted a pretty in-depth study regarding the effectiveness of a Goodreads.com book giveaway in which I found that 93% of entrants had never heard of me and 88% planned on reading my books. Couple that with 51% of entrants signing up for my email newsletter, and the giveaway was well worth the two books I sacrificed. Science must be repeatable, right? A couple of weeks ago I ended yet another giveaway. The Setup I listed a 2 copy giveaway for I Didn’t Mean to be Kevin to take place between 3/14/2012 and 3/31/2012. During this time the giveaway received a total of 378 entries. After the giveaway was closed for entries, I sent a 9 yes/no question questionnaire to 222 entrants. 156 entrants could not be sent the questionnaire, either because I know…

Does giving away your books lead to more readers, and in turn, more fans? I’ve long read of the marketing effectiveness of giving away books using the Giveaways option at Goodreads.com. And though I’ve conducted one giveaway in the past (for Stranger Will) I’ve not yet been able to confidently attribute any gains in readership or sales due to that giveaway. With this attribution gap in mind, I set out to conduct a giveaway for  As a Machine and Parts, that would allow me to more precisely measure the value of a Goodreads.com user. My conclusion: a Goodreads.com user stands a great chance of becoming a reader. The setup I listed a 2 copy giveaway for As a Machine and Parts to take place between 2/3/2012 and 2/15/2012. During this time the giveaway received a total of 398 entries. After the giveaway was closed for entries, I followed up with…

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