What is publishing all about these days?
- Posting an ebook?
Nope. None of the above.
It’s about FINDING READERS!
The loss of retail, magazines, religion sections in newspapers… the discoverability factor has greatly decreased. Which is why publishers are so dependent on authors to find readers (through author tribes) and on their ability to social network their way to a best seller. Which, in case you haven’t already experienced, happens about .01% of the time.
So when I saw some data about my favorite topic—FINDING READERS—I thought you ought to see it.
The following is based on data compiled by the Penguin Random House consumer insights team, which polled more than 40,000 readers about their reading and buying choices.
- When asked what is most influential to readers when deciding what book to read next, 81% said recommendations from friends and family. Word of mouth, whether about movies, agents, or book sales, is always the key deal.
- How do readers discover books? 70% said they use Goodreads; 49% said newspaper/magazine reviews; 46% said Facebook; 38% said author interviews/appearances; 37% said blog reviews; 23% said print ads; 15% said Twitter; and 14% said another form of social media. I’m wondering if the 40,000 readers they polled were from Goodreads. Still, this was more eye-opening than I would have guessed.
- The survey found that as readers age, blogs and social media become less relevant as a way to discover books. Among survey participants under the age of 40, more than 80% use Goodreads and more than 60% read blog or web reviews. This steadily decreases with age; for readers in their 50s, 75% use Goodreads and 40% read blog and web reviews; for those in their 70s, the numbers drop to under 60% for Goodreads and only 20% for blog and web reviews. I guess we realize with age that there isn’t much time to read all of those books we bought but haven’t read, so we don’t need anyone else telling us what to read.
- Conversely, print reviews and advertisements become more relevant with age. For readers under 40, 40% read newspaper and magazine reviews; for those in their 50s, the number is closer to 60%, and for those over 70, the number who read newspaper and magazine reviews is 70%. Print advertising follows a similar trajectory, with 20% of those under 40 relying on print ads to discover books, as opposed to 30% of those in their 50s and nearly 50% of those in their 70s. It must be the fact that there are pictures and not very many words. Easier on the eyes.
- When it comes to gender, women are more likely than men to trust recommendations from friends and family (79% of women trust the recommendations, while only 66% of men do). The same is true of recommendations from Goodreads, 70% of which women trust, compared to only 57% of men. Men don’t gravitate toward asking for directions when driving, and evidently on book buying. What’s wrong with us?
- Men are, however, more likely to read newspaper and magazine reviews; 54% of men trust such reviews, as compared to 49% of women. When it comes to print advertising, 26% of men trust it compared to 23% of women.
- When asked what most influences them to pick up a book if they are not familiar with the author or series, readers said that they are likely to do so if they like the subject (88%), read a good book review (87%), or get a friend’s recommendation (86%). Slightly less influential are reading an excerpt (76%) or an online review (76%). Least influential are the recommendations of a salesperson (38%); the publisher’s reputation (34%); seeing an ad (30%), recommendation by media/personality (26%); and needing a book for school or work (25%).
As Mark Twain once lamented, “There are lies, damn lies, and statistics.” While I applaud Penguin Random House for spending the money on this survey, some of which was eye-opening, I’m not sure what it all means for authors except they will be even more encouraged to do their own marketing than ever.
Here is the one truth that everyone agrees with when it comes to author marketing: email addresses.
If you have them, you’re golden. How many? 5,000 is nice, 10,000 is better. Time to check out MailChimp, time to offer free stuff, time to really focus your brand and what felt need you’re meeting, and time to become an expert in direct mail to your audience.