Note: (April 2019)- Please be advised that I stopped with Goread over a year ago. I left them because I didn’t have confidence in the integrity of their business practices, nor the honesty of their founder & owner, Ken Dunn. I strongly urge anyone interested in this company to do their due diligence.
So, when I started on Reader’s Legacy, the old name for GoRead, the investment was $29 USD a month, plus the cost of a book from their store. This book could cost between $4 & $40 USD… plus the $13 shipping & handling cost. Ok, this made me question how to make money. Let’s look at that a little, shall we?
You can make money in the following ways…
1- Sign up more people on GoRead and get $25 for each. I didn’t really get very enticed by this part, because I really don’t care to convince people to do something they can’t or are unwilling to see the benefits in. So, I didn’t do this.
2- You can write articles and get them shared by others for shares in the communal pot. This is where it gets dodgy and requires you to have some faith in the process.
You can write an article a week, each gets you 1 share.
Each article needs to be shared on other social media sites, at least 5 times each.
You can attract followers – for every 10 you get an additional share.
Your articles can be shared by your followers – for every 20 sharing you get another share of the communal pot.
You can write excellent articles and get awarded a weekly Top 5 ranking which gets you a bonus of $25 USD.
Note: Things have changed as of February 1st, but it isn’t a surprise, as it’s spoken of in the Buzz video and the training videos… you now must invest $20 in advertising your stuff or services. This is still a little underdeveloped and they need to get a better grip of how this will help their members, as right now, unless you already have been using some other pay-per-click advertising program, it will be lost on you. So, now I’m averaging about $75 USD as a monthly investment.
3- Then there are Litcoins to be earned. You get litcoins, which are redeemable against books, at this time, and probably more stuff later.
So, what did I do in my first 65 days to earn an extra $900 USD? Well, this is what I did…
1- I completed my profile with all my links and a good biography.
2- I completed my Author page.
3- I wrote a weekly article and shared them on my social media network. This network includes: My Facebook Page, about 20 Facebook groups I’m a member of, and our local GoRead community on Facebook called BUZZ Too. There’s also Google +, LinkedIn, & Twitter.
4- I completed my library… each new book gets you awards and Litcoins, by the way, as does adding a rating + review of the books.
Note: This activity got me followers and fans. I replied to each new one with a thank you note and started engaging some of them in conversations.
5- I shared every article I wasn’t against on Facebook, LinkedIn, Google+, and Twitter. More Litcoins, more Fans, more Shares = more $.
6- I started looking at the books in my library and Fan-ing the authors, then following & Fan-ing other GoReaders who are also Fans of these Authors. This gave me more Litcoins, more Fans, more Shares = more $.
7- I started Fan-ing the publishers and publishing houses from the books in my library, then following & Fan-ing other GoReaders who are also Fans of these Authors. This gave me more Litcoins, more Fans, more Shares = more $.
Ps: Over 120,000 Litcoins so far! Enough for two top price books fro free!
8- I took the Skype call from the mentor that GoRead offers to help you make the most of things. In my case it was Bill Bergfeld. It improved my writing and focus.
9- I listened to the free training on how to write articles that will win awards. PS: I have won five Top Five article awards so far.
10 – I posted pictures, videos, added items to my store, and continued to share everything on social media.
Why did I choose to invest in GoRead?
For me, I knew it wasn’t going to be some false promise of making a fortune, but it was a safe place to start a blog and learn from successful authors & bloggers.
My first decision was to invested in the learning and apply it to my The New Renaissance Mindset blog.
My second decision was based on covering the cost of the investment. The communal shares tend to have an average value of $20 USD each. It wouldn’t take me much to get 4 shares.
My what have I got to loose and when do I pull out questions are also there.
1- I was already sharing my writing and other peoples content for free, so now I get something in return for doing it. I have decided to keep going with GoRead until such a time as it no longer covers my investment… be it money or time.
This is not a magic moneymaker. However, it can give you a relatively easy to use platform that allows you to more efficiently be a social butterfly, improve your writing / blogging skills, connect directly with published authors, and get a little extra cash in your pockets each month.
I’m happy to invite you to visit this site: https://www.goread.com/buzz/mario-mj-perron/
It’s working better than I anticipated for me and I’m compelled to share it with you. Come join what will possibly be the future of social media and books buying. I wouldn’t be surprised if Amazon isn’t watching and uses some of this to improve their GoodReads program.
As far as I’m concerned, this has been a great decision and a great step in my goals as a writer. Feel free to check out my GoRead blog and send me any questions or feedback: Author page: https://www.goread.com/author/mario-mj-perron/
Warning – Sale Pitch ahead – Do you get paid to blog, share, or write? No? Check this out: Tell Your Story @ #BeAnAuthor @ https://www.goread.com/buzz/mario-mj-perron/