I want to say there's a reason why some promo sites are inexpensive, but that's not necessarily true. It's mostly true, but an author can also pay a pretty penny for an ad that also gets no results.
With my new novel I spread my meager advertising dollars around. I scoured lists of "best" promo sites, and if the price was right, I went for it. I also took into consideration audience size and whether a site had a women's fiction category. In sum, I did my research.
Rankings can be misleading, because they're dependent on genre. Some genres will do well, regardless. (I wish my marketing was that easy.) However, I think my overall results are pretty typical, and thus I'm starting a running list of the sites I've used and their outcomes. Because I scattered my marketing days, I've been able to get a true picture of how well or poorly those sites perform.
Thus, my list of sites used, units sold, and purported ranking per "experts":
eReaderIQ ~ 0 (Weirdly, David Gaughran recommends this site, and I generally trust his advice. (B+ ranking)
It's Write Now ~ 0 (B- ranking)
BookRaid ~ 3 (not even ranked!)
Awesome Gang ~ 0 (A- ranking)
BookDoggy ~ 0 (C ranking, but it was cheap)
LitNuts ~ 0 (not ranked)
Discount Book Man ~ 0 (admittedly, not ranked high)
BookReader Magazine ~ 0 (not ranked)
AuthorsXP ~ 0 (B+ ranking)
LitRing ~ 0 (B- ranking)
No results yet:
Fussy Librarian ~
The Kindle Book Review ~ (B+ ranking)
Book Goodies ~
Bargain Booksy ~
Other non-time-sensitive promos (which will be impossible to quantify results for):
onlinebookclub ~ (free, but simply a listing on its site)
Readers' Favorite ~ (free, but just a review "sometime")
Independent Book Review ~ (free; review only)
Book-Shelfie ~ (awesome reviews!)
AllAuthor ~ (featured for 6 months)
BookBuzzr ~ (lots of promises of results "per month")
I've used other recommendation lists besides the one I linked to, but I did lean heavily on that particular list.
As for social media, I haven't used it (either paid or simply "me". I did post my great review on Facebook and X, but I'm skeptical of social media's influence. Two of the paid sites I looked into seem to push the same three or four books continually, which tells me they don't get a lot of business.
Truthfully, I wasn't expecting much in the way of results, which is the correct mindset for marketing. But perhaps future promos will prove me wrong.
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